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Financial Tribune: Foreign investors return to Iraq after the announcement of a humiliating defeat

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Financial Tribune: Foreign investors return to Iraq after the announcement of a humiliating defeat

Unread postby admin » Sat Dec 16, 2017 9:46 am

Financial Tribune: Foreign investors return to Iraq after the announcement of a humiliating defeat

2017-12-16 at 13:12 (Baghdad time)

Financial Tribune - Foreign investors return to Iraq after the announcement of a humiliating defeat

Follow up of Mawazine News
Foreign investors are beginning to be attracted to doing business in Iraq as the economic situation improves and a crushing defeat is announced in the country, a Financial Times report showed.
"Many countries have shown their desire for economic cooperationwith Baghdad after they have declared their full victory over terrorism in the country," a report by the newspaper Mawazine News quoted UN adviser on the Iraqi economy Falah al-Lami as saying.
"In recent months, many delegations and government and private companies in Europe and the United States visited Iraq," he said, referring in particular to the "recent meeting between officials of the Central Bank of Iraq and representatives of Airbus and Total, as well as the visit of the British Prime Minister and a group of companies American. "
"All this indicates the recovery of Iraq. After announcing the final victory over terrorism, many have indicated that they want to invest in various areas of the Iraqi economy. Iraq has become a lucrative and attractive place for economic cooperation," he said.
"After falling oil prices, Baghdad desperately needs foreign capital and Chinese companies are already investing in the Iraqi economy," he said.
At the end of 2016, the World Bank approved a $ 1.485 billion new aid package for Iraq aimed at boosting the country's economy, stimulating private sector growth and supporting job creation, while the country's 2018 budget said strict costing would help the Iraqi authorities pay part Of its debts to the International Monetary Fund

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