House of Representatives form a committee to review the investment laws
THURSDAY, APRIL 5
Twilight News: Committee announced the economy and investment representative, on Thursday, the formation of a committee to look into the laws that proceeded to the investment sector, indicating that the enacting of laws in this area appeared in some of the problems and obstacles that require work to be adjusted.
The head of the House of Representatives Osama Najafi had demanded, on Wednesday, in a press conference attended by "Twilight News" review of the legislation in the field of investment, as he emphasized the need to establish a consortium of banks to date, called on the government to provide an atmosphere appropriate through the provision of necessary services to activate Doralastosmar in the country.
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A member of the Committee of Economy and Investment Abdul Hussein Abtan in an interview with " Twilight News "that" in recent times and during the implementation of some investment projects have emerged some of the problems and constraints in the investment laws, "noting that his committee" will hold special sessions to consider those problems, and to identify the most important points existing and that need to be amended and presented to the House of Representatives to take the legislative route in that. "
He added that the real problem Abtan in the work of investment is not in laws that can be modified to work on, but the problem is that capital investment is not a mastermind manages projects and followed correctly. "
The Abtan on "a case of overlapping powers and lack of coordination between institutions involved in the investment sector as well as bureaucracy and corruption rampant financial and administrative, as well as some of the institutions not to take active role in this area have impacted negatively on the system."
The Chamber of Deputies passed in 2006 a new law to invest in Iraq, and the most prominent as provided by law that the investment is responsible for all investment projects of strategic federal nature exclusively, while the regional and provincial bodies responsible for investment planning and granting investment licenses in their regions and conducted by the parliament changes and wide At the end of 2009.
Iraq seeks to support the banking system by closing the deficit of local banks to cover the financial guarantees required by the investment companies, which represent the problem of limiting the entry of companies specialized in the electricity sector, infrastructure and services.
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