Parliamentary Economy: to disband the financial crisis, but external borrowing and headed to encourage investment

Tuesday, 27 January 2 / January 2015 07:56


[Baghdad-where]

Said a member of the Committee on Economy and Investment parliamentary fulfillment Kazim, that external borrowing is the only solution to the financial crisis taking place in Iraq, pointing to the direction of the committee to encourage investment to support the country's economy.

She fulfillment Kazem told all of Iraq [where], that "the financial crisis, there is no solution at present is to borrow from the World Bank, and this is the only option at this stage."

She explained that "borrowing be selected and the terms of the interest rate to be determined from neutral countries such as Japan, the percentage of low interest rates of these countries and other conditions."

She Kazem that "expected in Iraq's economic growth will be slightly even with borrowing," stating, "We are currently headed towards the establishment of an expanded investment conference, and to encourage foreign investment, and this will improve the economic situation and lead to the establishment of investment projects and go to the private sector."

And declared that "the conference will be held on the fourth of next February and in the presence of all the experts and specialists from abroad and at home, to encourage investment and resolve the crisis by encouraging foreign investors to invest his money in Iraq and the establishment of projects to revive the service and the economic situation in the country."

He was prime minister for economic affairs adviser to the appearance of Mohammed Saleh, revealed near the release of important economic laws contribute to the recovery of the Iraqi market and investment opportunities.

Said Saleh's [where], he was "a forthcoming law for cities and industrial industry mixed, and this is very important, and there is a law is for private sector investment, encourage and create Association and strong bond between the state and the private sector to stimulate the movement of the market and end the separation existing between them," he said. " there is a trend toward a market economy is that activates the development and not speculators and Ctkarion, there are politicians heading for the development of the market. "



The Committee on the economy and investment representative, announced on 24 January this, its intention to involve investment authorities in the provinces, traders and industrialists, Bmatmrha scheduled to be held next February in order to involve them in the investment law.

The committee member said Subhi al-Maliki, for [where], that "the economic and investment commission in connection with a broad conference of investment authorities and industrialists, to create an integrated law supports this important and vital sector," adding that "the conference will feature investment bodies and senior traders and industrialists in the provinces [of Babylon, Karbala, Kut, Basra and Babel] and to work on their participation in the investment law, and find legal paragraphs healthy and tuberculous correspond to the current circumstances. "

It is said that Prime Minister Haider al-Abadi said the 23 of this month, the World Economic Forum - Davos "We turn now from the system controlled by the government to a mixed economy more active, as we privatize key sectors, and explore partnerships between the public and private sectors, and get into projects jointly with international companies, "he said" As prime minister, followed a strategy of interdependence, rather than the dominance of state government control over the economy and the dominance of the Baghdad government to local governments, public and private sectors will enter with the central government and provincial governments in ".


http://www.alliraqnews.com/2014-06-14-07-34-14/164765-2015-01-27-04-56-40.html

World Bank


Not to be confused with World Bank Group.


The World Bank is a United Nations international financial institution that provides loans[3] to developing countries for capital programs.

The World Bank is a component of the World Bank Group, and a member of the United Nations Development Group.

The World Bank's official goal is the reduction of poverty.

According to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of capital investment.[4][5]


http://en.wikipedia.org/wiki/World_Bank

Parliamentary Finance describe balancing the budget in 2015 (burden)

Special / newspaper integrity / faith Qasim - describe the parliamentary finance committee member Jabbar Abdul Khaliq Tuesday budget 2015 budget burdens Stertbh what this budget of monetary pressure on Iraq.

Abdul-Khaliq said in a statement (integrity) that "the newspaper possible budget deficit covered by internal borrowing but if you overshoot the deficit bigger than expected rate when that possible direction to external borrowing from the World Bank."

"The external borrowing will arrange the benefits of Iraq in the coming period, but some do not like being the amount of domestic borrowing of cash in the banks."

"I was reading the inclusion of the budget for a second time in the House of Representatives agenda of the meeting next Thursday."

As indicated for the economic and investment commission member of the parliamentary fulfillment Kazim, that external borrowing is the only solution to the financial crisis taking place in Iraq, pointing to the direction of the committee to encourage investment to support the country's economy.

"The financial crisis has no solution at present is to borrow from the World Bank, and this is the only option at this stage."

She explained that "borrowing be selected and the terms of the interest rate to be determined from neutral countries such as Japan, the percentage of low interest rates of these countries and other conditions" .


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