2015/3/15 16:27
{Baghdad: Euphrates News} The Commission on Economy and Investment parliamentary continuation Balastdavat, guidance and cooperation and building bridges; to stimulate economic activity in the country.
A member of the committee MP Harith Chanchal told {Euphrates News} "We have begun in recent months to host investment bodies and those associated with ministries such as industry, commerce, planning, and we are permanent and continuous contact and is currently hosting the Director General of the Geological Survey, and we began to recognize the geological map of the country and metals earth metals and non-metals and basic materials, spoke Authority director for the country's second largest sulfur compound to produce the world, as well as phosphate and silicon materials. "
He MP Chanchal "continue Balastdavat, guidance and cooperation between the parliamentary Investment Authority and these bodies and building bridges and assistance; to stimulate economic activity in the country."
The Committee on the economy and investment representative has criticized the earlier work of the national investment procedures in a number of projects.
And economists contend there are three obstacles experienced by the investment sector, a lack of infrastructure and weak legislation and coordination of manpower, as well as other obstacles weakness of the banking system and the insurance sector and the problems include linked to territorial carried out by the project, and point out that the banking system is still weak and can not lending, while reluctant borrowers because of high interest rates, and this situation makes investors reluctant to foot on the implementation of the projects.
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