Economic Committee proposes a “High Council for Investment”
Posted: Tue Jan 03, 2012 11:14 amEconomic Committee proposes a “High Council for Investment”
Commission proposed to the economy and Alastosmaralgnapeh, Tuesday, to form an integrated system consisting of the federal government, local governments and the investment and insurance companies and banks to facilitate the work of the investment sector, pointing to the existence of trade in cut off points of land in the country extorting investors.
A member of the Committee of Economy and Investment Abdul Hussein Abtan in an interview with “Twilight News” “There is a range of problems hinder the work of sector Alasttmarmnha bureaucracy that is still rampant in government departments and institutions, and the state of the intersection ongoing between the federal government and the provinces of his eligibility to grant land and project approval , and the lack of nationalized companies in Iraq, and the reluctance to work in banks. “
The Abtan that “the investment sector need to form a system integrated work of his administration of the federal government, local governments and the investment banks and insurance companies to provide support and facilitate the work of investors and with the system named the Supreme Council for Investment or any another name.”
He noted a member of the Committee of Economy and investment out there that points to cut off trade territory at the expense of investors to Astnzafhm material, as well as to the existence of bureaucracy and rampant corruption in state institutions and departments impede the progress of the work of investment. “
And approved the Investment Authority in 2006 a new law to invest in Iraq, according to the law is the body responsible for all investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their regions and conducted by the parliament extensive changes at the end of 2009.
Complain of some businessmen and investors from the many obstacles facing them, notably, lack of commitment to the ministries text of the Investment Law and its order issued by the Cabinet, obstructing governmental departments in the province for the implementation of investment projects as a result of its failure to allocate its dependent territories, the conflict between the new bodies and ministries because of laws and paragraphs the constitutional obvious weakness of the culture of investment when the citizen and the lack of cooperation with relevant bodies or with investors, lack of cooperation by government agencies to support the banking sector, investment, investors, financial and administrative corruption, the dominance of the public sector and the marginalization of the role of the private sector.
http://bit.ly/vDpRar
Commission proposed to the economy and Alastosmaralgnapeh, Tuesday, to form an integrated system consisting of the federal government, local governments and the investment and insurance companies and banks to facilitate the work of the investment sector, pointing to the existence of trade in cut off points of land in the country extorting investors.
A member of the Committee of Economy and Investment Abdul Hussein Abtan in an interview with “Twilight News” “There is a range of problems hinder the work of sector Alasttmarmnha bureaucracy that is still rampant in government departments and institutions, and the state of the intersection ongoing between the federal government and the provinces of his eligibility to grant land and project approval , and the lack of nationalized companies in Iraq, and the reluctance to work in banks. “
The Abtan that “the investment sector need to form a system integrated work of his administration of the federal government, local governments and the investment banks and insurance companies to provide support and facilitate the work of investors and with the system named the Supreme Council for Investment or any another name.”
He noted a member of the Committee of Economy and investment out there that points to cut off trade territory at the expense of investors to Astnzafhm material, as well as to the existence of bureaucracy and rampant corruption in state institutions and departments impede the progress of the work of investment. “
And approved the Investment Authority in 2006 a new law to invest in Iraq, according to the law is the body responsible for all investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their regions and conducted by the parliament extensive changes at the end of 2009.
Complain of some businessmen and investors from the many obstacles facing them, notably, lack of commitment to the ministries text of the Investment Law and its order issued by the Cabinet, obstructing governmental departments in the province for the implementation of investment projects as a result of its failure to allocate its dependent territories, the conflict between the new bodies and ministries because of laws and paragraphs the constitutional obvious weakness of the culture of investment when the citizen and the lack of cooperation with relevant bodies or with investors, lack of cooperation by government agencies to support the banking sector, investment, investors, financial and administrative corruption, the dominance of the public sector and the marginalization of the role of the private sector.
http://bit.ly/vDpRar