Deputy calls for restructuring of Investment Board after UNCTAD Development Report

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Deputy calls for restructuring of Investment Board after UNCTAD Development Report Empty Deputy calls for restructuring of Investment Board after UNCTAD Development Report

Post  Admin on Fri Aug 16, 2019 10:11 am

2019/8/15 21:00
Deputy calls for restructuring of Investment Board after UNCTAD Development Report
A member of the Committee to monitor the implementation of the government program and strategic planning, Anaam Al-Khuzaie, on Thursday, Prime Minister Adel Abdul Mahdi to restructure the Investment Authority and inject economic competencies, provided that they are outside the scope of party quotas.

Al-Khuzai said in a statement received (Euphrates News) a copy: "It is no secret to those with economic and financial specialization that Iraq has lost in the past years billions of dollars due to the decline in the rate of foreign investment in all sectors," noting that "the report of the United Nations Iraq recently lost 36 billion dollars in just six years.

She added: "The organization said in its report that Iraq lost about $ 36 billion during the period from 2013 until the end of 2018, noting that last year Iraq lost $ 4.885 billion compared to the loss of $ 5.032 billion in 2017."

Al-Khuzaie explained that "the country has lost according to the same report nearly 6.256 billion dollars in 2016 compared to the loss of 7.574 billion dollars in 2015, pointing out that the year 2014 the most loss in the rate of foreign direct investment, where Iraq lost about 10.176 billion dollars compared to about 2.335 billion dollars in 2013 . "



"These rates reflect the weakness of the government in securing a suitable investment climate to attract investments to the country," she said, pointing to the failure of the Independent Investment Authority to raise foreign investment rates in the country as it claims and declares in all economic events and events.

Al-Khuzaie continued: "The report warns of the horrific proportions contained in the weak economic prospects for Iraq," calling on "the Prime Minister to restructure the Investment Authority and the inclusion of economic competencies provided that the body is outside the scope of partisan quotas." is over


http://alforatnews.com/modules/news/article.php?storyid=207347

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