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Investment Authority: an invitation to invest in frozen funds to resolve the housing problem
April 15, 2014
Follow-up / newspaper rectitude - A member of the Investment Authority, d. Thaer Alfeli the housing crisis could be solved by moving the money frozen in the two government banks Rafidain and Rasheed fact that these funds are costing the country two defeats inflation through interest rate and the problem of declining economic growth, the lack of investment.
Alfeli said there is a possibility to achieve the development of this huge money by lending to the citizens in the projects, as in other countries of the world such as Egypt and the United Arab Emirates, Lebanon, and even in the Kurdistan region.
He pointed out that there are points not interested in the problem and lead to the dispersion of the multiplicity of authorities and lack of coordination between them, stressing that there should be coordination between the General Authority for Investment and the Ministry of Housing and Construction on the subject of housing.
Alfeli counting the proposal made by the Ministry of Planning and other ministries, which includes the establishment of "development bank" is supporting investment projects as significant and effective, especially in the housing projects, as well as its potential in solving several other problems in the forefront the problem of unemployment stifling run manpower in the construction of residential complexes not to mention solve the problem of economic stagnation in the market. ended 5
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