01/02/2011
Economic stresses the need for an analytical working group to review the reasons for the degradation
An international report warns of the effects of decline and the reality of business in Iraq
بغداد - الصباح BAGHDAD - morning
A report by the strikingly issued by the World Bank regarding the reality of doing business where the most prominent deterioration of the sequence of doing business in Iraq to become a 166 out of 183 countries covered by the survey in the year 2011 with the sequence 153 in the survey in 2010.
He sees in the investment consulting engineer Amer Issa jeweler in the study sent to Sabah said that the economic performance of the business is an indication of reference and terms of reference for both economic and domestic investors and foreign investors.
Promise of this reality shock and needs to study the causes that led to the lower sequence of each indicator and called for the adoption of measures of the utmost seriousness and speed and at all levels to be able to guide and correct the course of the process of development and investment and provide an environment of fair work in a position to facilitate the expected economic developments and predict.
He said that the improvement actually require the combined efforts of all governmental and non-governmental organizations and consultancy from the private sector to review and study and analyze the causes of deterioration.
Jeweler is proposed that the National Commission for Investment axis coordination through a team expanded work includes the ministries and agencies related to the economy, investment and business that the team will be an analytical and operational work to make recommendations that reflect the executive bodies within the limits of the powers of the ministries or to the higher authorities for the purpose of obtaining the decisions and the need to the legislation.
It was also suggested a comprehensive review of all that was achieved during the past four years by the ministries and the National Commission for Investment and Investment Commissions in the provinces.
He called for follow up and assess the amount of the actual flow of domestic and foreign investment to Iraq, and the number of potential new projects and the number of jobs created and the degree of contribution to new investment projects and already implemented in the development of local history of product a year and by sector.
And calls on economic expert to diagnose the causes of the reluctance or delay international companies sober for actual investment in Iraq and research into the causes of ADHD investment companies that received licenses to start the implementation of the fundamentalist project.
He pointed to the jeweler that the reality of the business environment is encouraging to activate and attract direct investment, domestic and foreign.
He said the Economic Vision and promising market in Iraq and the region and provide surplus funds to investors and the perception of expansion in international and regional companies to open new markets to face the repercussions of the economic crisis and the requirements necessary reform and economic development in Iraq and attempts to transition to a diversified economy all require review and study the mutual influences of these goals and ways of achieving .
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