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An advisor to the Prime Minister explains to Al Furat News the importance of the Generations Fund
- Time: 09/02/2021 12:57:45
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{Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the importance of the Generations Fund.
Saleh told {Euphrates News}: "Generational funds are sovereign loan funds that are considered depleted resources that must be developed to benefit future generations."
And he indicated that "these resources are translating raw materials resources into real financial assets, such as shares, bonds, or participation in agricultural or industrial activities."
Salih stressed, "These funds must be properly managed to be of great interest, as Iraq will benefit from them in saving what can be invested in accordance with sustainable development and investing for the next generation as good financial resources away from the deportation of accumulations, failures and debts according to these funds."
And Prime Minister Mustafa Al-Kazemi stressed, during the cabinet session last Tuesday, "to activate the Future Generations Fund, to secure Iraq's future away from dependence on oil wealth that will not be dominant throughout life, stressing that many countries have begun to search for alternative and clean energies."
He said in a tweet after the session: "We have put forward the "Generation Fund" project, which will protect them from complete dependence on oil."
Raghad Daham
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the importance of the Generations Fund.
Saleh told {Euphrates News}: "Generational funds are sovereign loan funds that are considered depleted resources that must be developed to benefit future generations."
And he indicated that "these resources are translating raw materials resources into real financial assets, such as shares, bonds, or participation in agricultural or industrial activities."
Salih stressed, "These funds must be properly managed to be of great interest, as Iraq will benefit from them in saving what can be invested in accordance with sustainable development and investing for the next generation as good financial resources away from the deportation of accumulations, failures and debts according to these funds."
And Prime Minister Mustafa Al-Kazemi stressed, during the cabinet session last Tuesday, "to activate the Future Generations Fund, to secure Iraq's future away from dependence on oil wealth that will not be dominant throughout life, stressing that many countries have begun to search for alternative and clean energies."
He said in a tweet after the session: "We have put forward the "Generation Fund" project, which will protect them from complete dependence on oil."
Raghad Daham
[You must be registered and logged in to see this link.]
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