Development banks to attract investments

Development banks to attract investments
 
 
         

10/13/2014 0:00 

With the trend to increase banking services

BAGHDAD morning
 Iraq is a fertile environment for the establishment of several investment projects, and to achieve this goal urges specialists and experts on the development of banking and finance, as it sees economic expert Tawfiq inhibitor that the country needs to develop banking culture to increase the services offered by banks, government and private, that are almost small compared to the size of projects in the different sectors (excluding the oil sector). 
pointed inhibitor in a statement the "morning" that the number of private banks, few in the stock market, especially given that most of their capital family as do the rest of the companies registered in the Iraqi market for securities and which indicate the weakness of domestic investment, What reduces the citizen's confidence because of the loss of corporate governance where the vocabulary, indicating that the contribution of the citizen his money chunky contribute to increased levels of investment and thus increase economic activity. He explained that the local investor suffers from a request to contribute to the lack of participation in the offer of shares for subscription, but if the operation took versa, this contribution will lead to reduce the presence of liquidity thereby contributing to reducing the inflation rate to the fact that its contribution would reduce the presence of cash which will increase its value due to lack of Algred.uojd inhibitor that fundamental reason to disrupt the movement of construction and reconstruction and investment is the lack of a genuine desire for reform and treatment, companies are investing in foreign facing the absence of banks that facilitate the operations required by the movement of cash through the investment process in the transformation and finance, insurance and Allojcetk which is one of the most important pillars of the pillars of foreign investment and local levels in the world. The expert harmful Sbahi has confirmed that the investor is usually looking for an environment for business has less potential risk to the project, and whenever deepened administrative practices of governance in a country the greater the intensity of investments as a feature of the economic advantages. 
said Sbahi in an earlier statement the "morning": "According to the indicators Global investment is the main factor in many of the states, as it adds new productive capacities to productive assets in the community through the establishment of new projects or the expansion of existing projects, or replacement or renewal projects over its lifetime, as they contribute to the reconstruction of many of the projects infrastructure in the countries of the world. " 
It should be noted that the investment on the level of the national economy respect to capital spending on new projects in the sectors of public utilities and infrastructure projects such as construction of major roads, and sub-projects, water supply and sanitation, in addition to creating urban plans and construction projects, housing and extensions electricity and power generation, as well as social development projects in the areas of education, health and communication, as well as projects that are related to the economic activity for the production of goods and services in the production and service sectors such as industry, agriculture, housing, health, education and tourism.
 

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