Saadi: Iraq desperately needs to sovereign fund
Saadi: Iraq desperately needs to sovereign fund
08/21/2014 13:08
Tomorrow’s Press / Baghdad: The President of the Securities Commission Abdul Razzaq al-Saadi, on Thursday, to set up a sovereign fund is an important symbol for the economy misses Iraq to ensure the stability of the rate of growth and development projects.
He said al-Saadi’s “Tomorrow’s Press,” that “the establishment of a sovereign fund makes Iraq the possibility fully to pass the infrastructure projects which Bhtajha without resorting to borrowing from any country because of this clause, the fund of insurance among countries of the world about the credibility and stability of Iraq’s economy.”
“The establishment of this fund Igtbr an urgent need for the Iraqi economy in the next stage to meet the challenges of economic and urban in all its institutions and its provinces.”
“The establishment of the fund will provide the right solution for all urban and economic dilemmas, especially that Iraq waiting for a lot of projects in the infrastructure sector.”
It is said that the Iraqi government has proposed the introduction of payment on credit to attract foreign companies to the infrastructure sector in Iraq, but the House did not pass the bill, which is an alternative solution to the sovereign fund in the world.
alghadpress.com
