International economic expert: Iraq obsession reduce the fear of global investors
International economic expert: Iraq obsession reduce the fear of global investors
01.02.2014 (0:01 pm)
BAGHDAD / long-Presse
Said analyst international economic, global investors “will not accept” the implementation of industrial projects huge in Iraq because they upheld area “risk REO high risk”, while criticizing “spiral investment conditions harsh” and bureaucracy, poor services and poor infrastructure, called on the government to reduce the “obsession fear “among investors to clarify the laws that govern the partnership between the public and private sector and easing its terms.
He said economic analyst Anders Johnson, of the Organization for Economic Cooperation and Development International, during the second annual conference of the banking sector of Iraq in Dubai, according to the Web site reported newspaper The National UAE, and seen it (the long-Presse), “The private sector is seen to Iraq as a risk of risk high, so it limits the same projects with returns high financial guaranteed. ”
It is noteworthy that the Second World Congress on the financial and banks in Iraq in 2014, held in the city of Dubai, for a period of (27 to 28 January 2014 present), under the auspices of the Iraqi Central Bank .
saw Johnson, that this “means few chances of the coming of the industrial projects of the country from which to create jobs and achieve economic growth rate constant,” noting that “Iraq now seems something similar vortex conditions investment cruel, what requires him to ease the conditions required and reduces the potential risk guarantee to attract more investment projects. ”
said economic analyst, that “the conditions of investment difficult to be implemented in Iraq currently restrict projects and stifle the potential for partnership between the public and private sector,” noting that “the thinking investor Sinchgl including will face of things bureaucratic routine and the risk of political and security as well as the deterioration of the status of infrastructure services base in the country, including, for example, but not limited to, the failure of the country the processing power on the clock and confined to limited hours. ”
is economic analyst, that “it is a big problem and shows that a lot of investments in industrial projects will not be achieved in Iraq, “suggesting that” proceed Baghdad minimizing the fear among investors to clarify the laws that govern the partnership between the public and private sector and easing conditions, especially that most investors pour their sights on Iraq and trying to make the Iraqi consumer. ”
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