Planning emphasizes the need to encourage investment and the private sector

Sunday, February 1, 2015 12:09



[Baghdad-where]

Confirmed the Ministry of Planning, the need to encourage investment and the private sector, in light of the financial crisis and low oil prices.

According to a ministry statement received by all of Iraq [where], a copy of it today, "The Planning Minister Salman Ali Jumaili met in his office at the headquarters of the Ministry and a delegation from the National Business Iraqi Council included a number of Iraqi businessmen, and discussed with them the economic situation of the country and the financial crisis of lower oil prices. "

The statement quoted the minister reaffirmed "the need to look for other non-oil financial resources supply the Iraqi treasury by encouraging investment sector and the private sector in all fields [industrial banking, agricultural and construction]."

He noted "the importance of the views provided by the delegation through their expertise and experience which I obstacles that prevent activation of these sectors."

The statement continued, "it was agreed during the meeting to hold a joint workshop in the ministry to formulate ideas put into practice by amending the instructions and procedures which serve the purpose of national development and stimulate the private sector," he "is ready and the Ministry of Planning to provide support for the National Business Council of Iraq and expand the horizons of cooperation between both sides. "

The appearance of Mohammed Saleh economic advisor to the prime minister said Wednesday that the "general direction of the state is to end the sale of oil and the distribution of imports salaries for staff and operating expenses with the trend toward product people," expected to "witness Iraq's progress in the field of investment and the creation of a new investment climate and the first steps that the signing of the contract to build a petrochemical plant with Shell, and we consider it a breakthrough in depth Basttosmar oil wealth. "

For his part, said the economic and investment commission parliamentary member Ahmed Salim, for [where] all committee agreement with Prime Minister Haider al-Abadi, the legislation of new laws for investment and the private sector, in order to attract investors and encourage them to enter the Iraqi market. "

The House of Representatives has approved on Thursday the federal budget for fiscal year 2015 of $ 119 trillion dinars towards $ 105 billion and a deficit of 25 trillion Danar.


http://www.alliraqnews.com/2014-06-14-07-34-14/165449-2015-02-01-08-49-08.html