Dry : «TBI» ready to guarantee the financing of infrastructure projects

3/4/2014 0:00

In front of the largest investment companies
BAGHDAD - Yasser incumbent

Revealed Director General of the Trade Bank of Iraq TBI Hamdiya dry ready for the bank to ensure funding for the implementation of infrastructure projects in Iraq .

Dry relied to see this on the basis that the bank is the largest in Iraq in terms of its potential physical and technical participation in the financing of strategic projects , to the effect , it is ready to participate in syndicated loans with international banks and take responsibility for the support and security for the financing of these projects .

This announcement by Hamdiya dry in front of a gathering of senior corporate finance and global business conference in Dubai financial and investment organized by the CBI recently in coordination with the National Investment Commission , and it was this word resonate with the participants in the conference .

 Hinted dry that the need for investment is not just for Iraq , despite its importance for us but for international companies that have grown their capital investment and I told her chances due synonymous financial crises that hit the whole world .

She said: It is true that these companies have the technological capabilities developed but is now threatened to derail a result of the events and the economic and political changes in the world, and pointed to the existence of the elements of investing here in Iraq being on the verge of a renaissance in construction and civilized and wide , including residential, industrial , agricultural and service with offers great opportunities in this regard .

It urged international companies to invest to enter Iraq after the significant improvement of the general conditions of the country so as to achieve the common goal between Iraq's need for the projects and the need for companies to benefit from these opportunities and the sharing of common resources .

Dry and expressed hope the fact that international banks financing the initiative in strategic projects in Iraq , noting that the TBI government bank guarantees for an independent and international companies are government guarantees and obligations as well.

And reiterated the readiness of the bank to participate as a guarantor for the financing of infrastructure projects .

 Indicated at the end of her speech that the global outlook refers to the achievement of Iraq to growth rates prominent in the economy and the rate of 9 percent , driven by a high rate of oil production with what Matrouh of energy projects , electricity and housing investment which is attractive opportunities and important.


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