Adviser to Al-Kazemi: Allawi's resignation will not affect the work of the Finance, and we have a very large abundance
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Adviser to Al-Kazemi: Allawi's resignation will not affect the work of the Finance, and we have a very large abundance
Admin Wed Aug 17, 2022 9:36 am
Adviser to Al-Kazemi: Allawi's resignation will not affect the work of the Finance, and we have a very large abundance
08/16/2022 23:32:37
Adviser to the Prime Minister for Reconstruction Affairs, Sabah Abdul Latif, confirmed that the resignation of Finance Minister Ali Allawi did not affect the work of the ministry, while he acknowledged the existence of financial abundance.
Abdul Latif said; For the program {Al-Mastra} broadcast by Al-Furat satellite channel tonight, that: “The Minister of Finance is very experienced and important to our country and his presence and the ministry’s staff supported the issues of reconstruction and facilitating matters, and we hope that his departure from the position will not deprive us of his experiences, and his resignation will not affect the work of the ministry.” He added, "We have a great financial abundance, but it cannot be used for investment and improving people's lives, and today we have reached a state of obstruction and financial constraints, and the government does not have the authority to invest and financially spend."
Abdul Latif added, "Our country is rich in investments, but unfortunately they are exploited and misused, and the political and security situation has a significant impact on the investment movement." He pointed out that "there are many obstacles to investment, including the absence of an investment and banking system for granting loans, and the banking system does not encourage the progress of investment projects," blaming the responsibility for weak investment "on the shoulders of the government, parliament and the national investment authority for not crystallizing a motivating and motivating law."
On the "Dari" housing project, Abdul Latif explained, "All our Iraqi cities, especially Baghdad, have lost their basic designs, and the Dari housing initiative was launched a year ago and all the lands that were allocated outside the cities have identified 550 thousand housing units and now it has been entrusted to the Ministry of Construction and Housing and there are two topics under discussion to provide building cheaply or assigning the investor to invest in land and provide the necessary services and infrastructure. He pointed out, "The difficulty of foreign investment in light of the current political and security conditions; But there are many local companies that have expressed their willingness to adopt the construction of housing units, and the standard is to be serious in investing."
Abdul Latif added, “Dari project is in two phases, the first is 330 thousand housing units, distributed in two locations in Baghdad and one location in some provinces. Very soon, bonds will be distributed to citizens, housing and reconstruction in the stage of providing services, then the second phase of it will be launched, and the projects will focus on the poor groups.” And he indicated that "the desire of investors in Iraq to build very low-cost units, and the investment authority decided to intervene in the sale of housing units," stressing "the need for private banks to grant loans to citizens for the purposes of construction and housing, and to have a role in this field." Abdel-Latif added, "We have housing projects in all governorates, and some projects are granted free of charge to some citizens of martyrs' families, social welfare and others," noting "the government's mistake by concentrating overcrowded cities and ignoring the outskirts of cities and a project that I invested 17 sites in; but investors do not want to build these sites." The lack of services and the lack of profits. He held the policy "responsible for delaying the approval of the budget while the government is restricted from providing services."
Regarding the strategic projects under implementation, Abdul Latif said, "There are projects in which implementation has begun, including the Hawally Road, which will solve 30% of the traffic problems in Baghdad. Soon, a global consultancy will be signed to re-design the road at a value of 76 billion dinars. The road will contain 24 bridges with services and stations. A break, and the rehabilitation and development of five entrances to Baghdad was signed, and work is underway with the implementing companies. And he concluded, "Also, the investment body continued to grant loans for clean energy projects and we have solar energy projects, and a global consultancy company was signed on the issue of renewable energies and we have foreign investors; but Iraq occupies the lowest positions globally in attracting investment companies, according to World Bank reports."
Abdul Latif concluded, "The prestige of the state and the sobriety of laws encourage companies to implement their investment projects, and the bureaucracy is the biggest enemy of investment projects, and the white paper prevented any customs exemptions."
https://alforatnews.iq/news/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%8A-%D8%A7%D8%B3%D8%AA%D9%82%D8%A7%D9%84%D8%A9-%D8%B9%D9%84%D8%A7%D9%88%D9%8A-%D9%84%D9%86-%D8%AA%D8%A4%D8%AB%D8%B1-%D8%B9%D9%84%D9%89-%D8%B9%D9%85%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D9%86%D9%85%D8%AA%D9%84%D9%83-%D9%88%D9%81%D8%B1%D8%A9-%D9%83%D8%A8%D9%8A%D8%B1%D8%A9-%D8%AC%D8%AF%D8%A7%D9%8B
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08/16/2022 23:32:37Adviser to the Prime Minister for Reconstruction Affairs, Sabah Abdul Latif, confirmed that the resignation of Finance Minister Ali Allawi did not affect the work of the ministry, while he acknowledged the existence of financial abundance.
Abdul Latif said; For the program {Al-Mastra} broadcast by Al-Furat satellite channel tonight, that: “The Minister of Finance is very experienced and important to our country and his presence and the ministry’s staff supported the issues of reconstruction and facilitating matters, and we hope that his departure from the position will not deprive us of his experiences, and his resignation will not affect the work of the ministry.” He added, "We have a great financial abundance, but it cannot be used for investment and improving people's lives, and today we have reached a state of obstruction and financial constraints, and the government does not have the authority to invest and financially spend."
Abdul Latif added, "Our country is rich in investments, but unfortunately they are exploited and misused, and the political and security situation has a significant impact on the investment movement." He pointed out that "there are many obstacles to investment, including the absence of an investment and banking system for granting loans, and the banking system does not encourage the progress of investment projects," blaming the responsibility for weak investment "on the shoulders of the government, parliament and the national investment authority for not crystallizing a motivating and motivating law."
On the "Dari" housing project, Abdul Latif explained, "All our Iraqi cities, especially Baghdad, have lost their basic designs, and the Dari housing initiative was launched a year ago and all the lands that were allocated outside the cities have identified 550 thousand housing units and now it has been entrusted to the Ministry of Construction and Housing and there are two topics under discussion to provide building cheaply or assigning the investor to invest in land and provide the necessary services and infrastructure. He pointed out, "The difficulty of foreign investment in light of the current political and security conditions; But there are many local companies that have expressed their willingness to adopt the construction of housing units, and the standard is to be serious in investing."
Abdul Latif added, “Dari project is in two phases, the first is 330 thousand housing units, distributed in two locations in Baghdad and one location in some provinces. Very soon, bonds will be distributed to citizens, housing and reconstruction in the stage of providing services, then the second phase of it will be launched, and the projects will focus on the poor groups.” And he indicated that "the desire of investors in Iraq to build very low-cost units, and the investment authority decided to intervene in the sale of housing units," stressing "the need for private banks to grant loans to citizens for the purposes of construction and housing, and to have a role in this field." Abdel-Latif added, "We have housing projects in all governorates, and some projects are granted free of charge to some citizens of martyrs' families, social welfare and others," noting "the government's mistake by concentrating overcrowded cities and ignoring the outskirts of cities and a project that I invested 17 sites in; but investors do not want to build these sites." The lack of services and the lack of profits. He held the policy "responsible for delaying the approval of the budget while the government is restricted from providing services."
Regarding the strategic projects under implementation, Abdul Latif said, "There are projects in which implementation has begun, including the Hawally Road, which will solve 30% of the traffic problems in Baghdad. Soon, a global consultancy will be signed to re-design the road at a value of 76 billion dinars. The road will contain 24 bridges with services and stations. A break, and the rehabilitation and development of five entrances to Baghdad was signed, and work is underway with the implementing companies. And he concluded, "Also, the investment body continued to grant loans for clean energy projects and we have solar energy projects, and a global consultancy company was signed on the issue of renewable energies and we have foreign investors; but Iraq occupies the lowest positions globally in attracting investment companies, according to World Bank reports."
Abdul Latif concluded, "The prestige of the state and the sobriety of laws encourage companies to implement their investment projects, and the bureaucracy is the biggest enemy of investment projects, and the white paper prevented any customs exemptions."
https://alforatnews.iq/news/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%8A-%D8%A7%D8%B3%D8%AA%D9%82%D8%A7%D9%84%D8%A9-%D8%B9%D9%84%D8%A7%D9%88%D9%8A-%D9%84%D9%86-%D8%AA%D8%A4%D8%AB%D8%B1-%D8%B9%D9%84%D9%89-%D8%B9%D9%85%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D9%86%D9%85%D8%AA%D9%84%D9%83-%D9%88%D9%81%D8%B1%D8%A9-%D9%83%D8%A8%D9%8A%D8%B1%D8%A9-%D8%AC%D8%AF%D8%A7%D9%8B
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