Directed a parliamentary to overcome the obstacles to foreign investor 8-18
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    Directed a parliamentary to overcome the obstacles to foreign investor 8-18




    Directed a parliamentary to overcome the obstacles to foreign investor

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    Directed a parliamentary to overcome the obstacles to foreign investor
    Thu, 18 Aug 2016 09:40:10


    # Algmehorah_uz

    Deputy Chairman of the Committee of Economy & Investment Alnaabh, Harith al-Harthy, said Thursday that the World Bank loan will contribute to the development of local industry and increase revenue.

    Harthi said in a statement that "the amendment Act No. {13} of {2006} ensures the investor economic areas wider in terms of work and openness to the country and local industry economy in order to be upgraded, especially that it was delayed for production and faded somewhat in the last period."

    He added that "foreign investment in the country will encourage the national industry through better put to the market, which creates a kind of competition, and thus will have positive returns on the economy," pointing to "work to overcome the difficulties in front of investors and provide the right environment for them."

    He noted that "the World Bank, which was distributed at different rates on real estate and agriculture, investment banks loan it opening the doors of the local industry development projects open for those wishing to do so."

    He was a member of the parliamentary finance committee Haider al-Kaabi said a previous statement the {Euphrates News} "The World Bank loan granted to Iraq did not meet the actual need for a temporary solution to the crisis," likely to "take advantage of the loan funds to meet the shortfall in salaries while the provision of the loan for the advancement of health and agricultural Balqtat and infrastructure.

    The International Monetary Fund, and international partners, the World Bank had agreed to give Iraq a loan of {15} billion dollars.



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    Last edited by RCookie-Legacy; 08-18-2016 at 07:26 PM.



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