Iraq: Parliament Calls to Invest Money in the Frozen State Banks
|April 17, 2014||Filled under Iraqi Parliament news|
Iraqi Parliament News –
Committee called on the economy and investment representative, to the need to invest the money frozen in banks government banker Rafidain and Rasheed in development projects to boost the economy and development in the country.
The decision of the Committee Deputy Mahma Khalil told / JD /: “The freezing of funds in the Rafidain and Rasheed without investment is the phenomenon of unhealthy and harmful to the economy in terms of its impact on inflation in the light of the interest rates,” calling to move in development projects serve the country.
He added that Iraq lacks the fertile investment environment through which brings companies and foreign capital, because of political disputes and crises, and the local bureaucracy and other obstacles that have prevented the exploitation of economic fundamentals enjoyed by the country, which adapts its investors.
He pointed out: that the Iraqi government has failed to create the right investment climate for businesses despite the availability of funds and manpower, as well as legislation that were not within the required level, where most of them are repulsive to invest and not attractive.
The Trade Bank of Iraq, had announced in the previous year for investing his money in the field of aviation where he bought aircraft was leased to airlines.
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