US Secretary of «news» economy: draft resettlement salaries successful move and Baghdad promised investors to facilitate their work
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Minister delegate for economic section at the U.S. Embassy, Larry mimoth, the Conference on Iraq's reconstruction after successful undertakings given by States and 30 billion dollars, adding that the Iraqi Government promised investors in Kuwait Conference to facilitate their work, believing resettlement project public sector salaries General banks successful move.

Mimoth said in an interview with "economy", "the Kuwait Conference for reconstruction of Iraq has been a great success, Iraq obtained pledges of 30 billion dollars, can contribute to the development of the economy and growth, these funds are beginning to rebuild Iraq for 10 years, assuring That these States cannot retreat from its pledge.

"More than 200 American company char in Iraq Reconstruction Conference which is currently working in Iraq and some don't have work, and wished to invest in Iraq and participate in the reconstruction," indicating that "Iraq and America signed a credit facility worth $3 billion to create a power generation project TRANS electric solar and gas associated with the production and development of the electricity sector.

He noted that "the World Bank Iraq Reconstruction estimated at $46 billion dollars and the pledges for the reconstruction of Iraq amounted to 30 billion dollars, which is considered a down payment to develop the economy", adding that "great desire among investors to work inside Iraq, but each is waiting for reforms by the Government. Especially that the Government committed in the entry of the New York Convention and facilitate visas for investors. "

"The Government promised in Kuwait conference implementation of single window which will be a portal to help investors and end actions they need", adding that "the private sector is surrounded by the Government but the solution must be to build up the Iraqi economy and challenges".

"The foreign companies not facing difficulty in transferring money to and from Iraq, but the problem facing Iraqi businessmen and entrepreneurs", noting that "banks don't give a chance to make private banks while there are ongoing discussions with the Government to rectify this situation and began by Draft settlement of salaries of public employees.

He noted that the Central Bank's experience in settling their salary at private banks successful move this coming period will expand to include several ministries so that millions of Iraqis will open bank accounts ", adding that" the IMF programme with the Iraqi Government, including bank restructuring Rashid and Rafidain.

The cooperation between Iraqi and international correspondent banking banks, takes time, and it is up to Iraqi bank by applying standards of compliance and assist them in training and developing their abilities, but keep the option of foreign banks in dealing with Iraqi banks. "

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(Special Thanks to Tim Tarkington!)