Deputy: the banking sector lagged behind the development of

[Stillw8n]

Deputy: the banking sector lagged behind the development of Iraq’s why the field of investment

Baghdad (news) .. Carrying member of the economic and parliamentary deputy / Kurdistan Alliance / Mahma Khalil banking sector, why not develop Iraq field of investment, pointing out: that the investment companies have the desire to enter the Iraqi environment.

Khelil said in a statement to the Agency (news) Friday: the banking sector sectors underdeveloped in the region because it is still working systems, old and sophisticated technology and its cadres to administrative hinder the work of investors through the procedures of the complex, making the investment away from the Iraqi territory.

Khelil said: There are many obstacles that stand in front of the investment process in the country including the failure to pass laws appropriate for investment and not to provide “logistics investment map”, in addition to vital facilities of her, calling: to provide all the requirements of the investment process for the purpose of promoting the economy of the country.

Khalil stressed that there is great interest in global investment firms and expressed their readiness to enter the territory of Iraq to participate in the process investment, and expected to increase the size of the capital of these companies as a result of international indicators that pointed to the size of firms wishing to invest in Iraq of more than (146) billion dollars.

and most likely a member of the economic and investment commission in parliament that Iraq is in the coming period the movement of large investment in light of owned kits investment Kalmward natural and human resources in addition to the various economic sectors.

The House of Representatives when it voted on the budget for 2011 of $ 81.9 billion dollar deficit of $ 13.3 billion is covered by the amounts retained from the previous year’s budget, borrowing internally and externally, while the operating expenses $ 56.4 billion, while capital expenditures amounted to $ 25.4 billion based on the rate of 76.5 dollars per barrel of oil at a rate of 2.0002 million barrels a day, including 100 thousand barrels of Kurdistan. /

http://bit.ly/rAT4BS