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Expert: World Bank report on investment "not encouraging" .. The five-year plan will not solve the problem
11/28/2012 12:00 am
BAGHDAD / future Iraqi
Economic expert said on behalf of Nice to the latest report issued by the World Bank on investment in Iraq was "not encouraging", and should benefit from the reform of the national economy, pointing out that the next five-year plan will not achieve success without the presence of solutions to the problems of investment. Jameel said in a press statement, there are many problems prevented the advancement process investment in the country, including related legislation legal and other red tape and the banking system is evolving, all contributed to the reluctance of investors to invest, prompting the World Bank to the classification of Iraq among the countries in arrears to invest. Added, The calendar World Bank for business and investment in Iraq was "not encouraging" and should benefit from the diagnosis of constraints and working to remove them because the World Bank when setting standards and gave a score for each country This is based on a set of international standards can use international organizations and reports for the advancement of the national economy. He pointed out: that the five-year plan for economic development to be implemented by the Ministry of Planning will not achieve great success despite the allocation of $ 250 billion dinars if they are not working towards the reform of the economic situation in the country and the removal of all obstacles that stand in front investment. The World Bank Class Iraq ranked 165 among the worst countries to do business, and someone Three obstacles president to do that is twice the electricity supply, and political instability, corruption, and generally the Iraqi companies lose 22% of their sales as a result of weak investment climate.
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