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Post by claud39 on Sun Feb 17, 2019 10:56 am


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Saturday 16 February 2019

Model SWFs 980-Alsabbaq

Yasser Al Metwally 
Sovereign funds are one of the most important institutions guaranteeing the country's wealth by investing money to secure the future of the country. It also guarantees the future of future generations of wealth returns. This is what economists and finance experts agree on. The economic theories are comprehensive, capitalist, or deficient.

The Prime Minister has been able to put the right basis for the selection of the sovereign fund model, which ensures the investment of public money in the right way by proposing the establishment of a joint Japanese-Iraqi fund for infrastructure projects and services with productivity on the sidelines of his meeting with the senior adviser to the Japanese government at the end of last year.

In this context, the Baghdad Economic Forum started its first activity this year by devoting most of its efforts to studying this important pioneering project based on the belief and belief of the Forum on the importance of the sovereign funds in activating the economic development aimed at investing the Iraqi money. Ensuring the future of the country and ensuring the future of future generations of the returns of the country's wealth and the returns of real investments.

The forum (and this impression of its recovery through my meetings with the veteran experts as a founding member) believes that this fund will cut the corruption as the first prime objective.

Because the participation of Japan with Iraq in the financing of the Fund will make the investment companies or the transfer of the executed projects keen to preserve the funds of the country and most importantly maintain its international reputation known and thus ensure the safety of projects in terms of quality And the productive life of it. In addition, the common fund is a sovereign guarantee of the rights of both countries. The objectives of this project are to create a spirit of real competition between countries that have interests to invest in the country. The required investments.

The partnership with a major country enjoys a global and advanced position such as Japan, which sets the foundation for the adoption and implementation of efficient projects and international standards, as well as their implications in raising the efficiency and capabilities of Iraqi cadres and creating a competitive environment and the ideal model for other sectors. Towards contributing quickly to rebuilding 
The country.

We hope that the efforts of the Baghdad Economic Forum will contribute to strengthening the government's approach towards adopting visions of Iraqi expertise to serve the country's economy.
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