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The report of the Office of Financial Supervision (26)
19-03-2013 | (Voice of Iraq) - Add Comment - News Views: 16 -
Baghdad / term
* Investment authorities granted work permits but companies are reluctant because of the earth .. The projects referred without priorities and feasibility study ... And Muthanna not promote itself
I got the "long" the full text of the report of the Office of Financial Supervision for the first quarter of 2012 which will be put on the reader countless surprises through the rings. Diwan of the most prestigious institutions of the Iraqi state. In this report, the Group has unique advantages, the first being that it reveals information disaster level of government departments all diary, which appears to the public for the first time and is being presented in a language professional legal and audit and review meet and comparisons include previous years. The second advantage that he did not come from the party against party or bloc against another, but written by a crew staff and find wide acceptance, and respected by the Prime Minister himself. The third advantage is that the BSA through his powers can be up to most of the information documented by the media can not be accessed with this right of access to him in a democratic system, but is deprived of access to this information to Parliament. The quarterly report and also reader will notice, expressly involves large, which is a high recognition in the absence of the state in the terrifying details led us to these poor conditions. The state, through this report, acknowledges that within large areas of "non-state", and these spaces begin serious circles as a Council of Ministers, and does not end when the smallest village, as seen Followers of these episodes.
We will find out successively before the full story of the Iraqi state during the first quarter of 2012, or "The Story of non-state in Iraq," if you like.
Which provides the Treasury gold deposit contains the bank's assets of gold and deposit deposited with him from others and through the inventory shows that treasury assets are many and placed in difficult process inventory and control and its contents is proportional to the area of treasury led to keep some safety in Treasury foreign currency , would require taking the necessary measures to avoid the so by separating the bank's assets of gold in a safe independent secretariats.
And below the most important indicators and notes they had received: -
Activity
A - There are a number of investment projects granted investment license but he was not direct because of the allocation of plots of land for development of these projects delayed allocation, as opposed to the book of the General Secretariat of the Council of Ministers No. (23 226) 26/9/2010 containing (not to grant investment licenses only after resolving the issue of land allocation and coordination with the owner of the land), as in the examples below: -
Projects (create games in Baquba city, Botanical Garden project is an industrial / Great Khalis)
Requires the need to form a committee to ascertain the reasons for the granting of investment licenses Contrary to the instructions of the General Secretariat of the Council of Ministers above and accountability Shortened side.
B - the low percentage of licenses granted by bodies to various investment companies (Iraqi, Arab and foreign) compared to the total investment licenses as in the examples below: -
C - The low rate of implementation of projects granted investment license compared to the total projects without taking the necessary legal action to accelerate the establishment of these projects according to the schedule of investors, according to Article (14 - VII) of the Investment Law No. (13) for the year / 2006 (as amended) as below: -
Requires follow-up of these projects and to take legal action against Almtlkin.
D - Investment Commission Maysan
First - dossier was referred on a project for the establishment of the Garden of Eden Resort (Abdul Hussein Jabbar) and of cost (12258) million dinars (twelve billion, two hundred and fifty-eight million dinars) leave (4) on 15/9/2010 to the Integrity Commission / Department investigations on the basis of her book, addressed to the Investment Authority of a number (218) s 5/2010/1 29/11/2010 note that the Commission did not disclose the reasons for referral project dossier to the Integrity Commission therefore unable scrutiny project priorities and opinion.
Secondly - has been granted investment license and the establishment of projects to company Taj Safa Trading & Contracting and private project port graying border of trade and tourism, where he was granted leave the company's investment mentioned above in 10/13/2010 spite of the failure of the department of economic and technical assessment of the feasibility study for the project in violation of article (9) of the Commission's rules of procedure (3) for the year / 2009 which includes (calendar and feasibility studies submitted to the board of investors).
E - Investment Commission Diyala province
Has not been granted powers to the delegates within the single window by the ministries which belong to it, where they have no authority to grant licenses, note that there is no member of the Diyala provincial council in delegates and this impedes investment activity in violation of Article (9 - II) of the Investment Law No. ( 13) for the year / 2006 (as amended), in addition to the number of members of the Board of Directors of the Investment Authority in Diyala of the total number in accordance with Article (1 / II - c) of Law No. (2) for the year / 2010 (Law of the First Amendment to the Investment Law No. (13) for the year / 2006 (as amended) and adult (7) members, where the total number of members (9) members, noted that one member resigned on 21/4/2010.
- Muthanna Investment Commission
First - the Governing Council to grant approvals to establish investment projects in the province before the study primitives provided by the study primitives provided by the investor, and validation of such information and the possibility of its implementation and problems related to implementation, which stipulates majority Minutes of the meetings of the Governing Council approval of the Governing Council to grant investment license conditional on the achievement of procedures stipulated in Article (19) of the Investment Law No. (13) for the year / 2006 (as amended), which requires taking into account the future and the formation of a committee study the files of current projects to identify shortfalls in the required information.
Secondly - the failure of the Muthanna Investment Commission to develop programs to promote investment in the province to attract investors in violation of Article (9) of the Investment Law No. (13) for the year / 2006 (as amended), which requires action to address this and to prepare programs to promote investment opportunities in the province.
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