World Bank report on investment in the country is not encouraging

Baghdad / agencies stressed economic expert on behalf of Jamil Anton that the recent 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 five-year plan the next will not achieve success without the presence of solutions to the problems of investment.

said Anton of the Agency news: there are many problems prevented the advancement process investment in the country, including related legislation legal and other routine and the banking system is evolving, all contributed disenchantment investors for investment, prompting the World Bank to the classification of Iraq among the countries in arrears to invest.

added: that the assessment International Bank for business and investment in Iraq is “encouraging” and must take advantage of it in 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. pointed out that 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 remove all obstacles that stand in front investment.

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