Advisor to the Prime Minister: Economic development needs to pack laws and activate the private sector

Date: 01/12/2013 16:01:58 Saturday



Baghdad (news) .. Called Economic Adviser to the Prime Minister Hussain Al-Anbuge, to the need for legislation package of laws supporting the national economy, stressing that the investment process is still not encouraging in the country.

He said Anbuge in forum Forum Baghdad economic and banking with Union of Arab Banks in its second day and attended the Agency (news): Economic development needs to legislation package of laws giving the role of the private sector through the support of private banks and industrial and agricultural sectors.

He added: that these sectors are linked to the energy sector electric which today constitutes a major obstacle to progress the Iraqi economy because of the increased cost of the local product, pointing out that investment is still not encouraging because most ministries do not spend its budget investment, institutions government has a glut of money can not be invested.

For his part, member of the Board of Directors Cooperative Development Bank Islamic Sudanese Abdel Moneim Mohammed Tayeb: The political stability and security in the country is the basis for attracting foreign investments to Iraq, but political infighting taking place in Iraq affected negatively on the investment process and the advent of companies in which to work.

Said: Despite the evolution of the exchange rate of the Iraqi dinar against international currencies in recent years, but this sudden fluctuations are also other affected negatively on investment in Iraq, as well as interest rate fluctuations between the bank and another.

He explained: that Iraq is n the first Arab countries in terms of rehabilitation of human resources abroad but this also gave a negative indicator because Iraq did not exploit at home to develop its economy. / End / 8. D. Q /


http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ikhnews.com%2F