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Saleh proposes to establish a fund to invest in Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Saleh proposes to establish a fund to invest in Iraq

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Saleh proposes to establish a fund to invest in Iraq Empty Saleh proposes to establish a fund to invest in Iraq

Post by RamblerNash Mon Jan 08, 2018 1:21 am

Saleh proposes to establish a fund to invest in Iraq

Saleh proposes to establish a fund to invest in Iraq Image
 
07-01-2018 11:26 AM

The head of the Coalition for Democracy and the Kurdish political justice Barham Salih, on Sunday, proposed the establishment of an "investment fund" to finance the infrastructure projects and reconstruction of the regions, while noting that Iraq is a chance through comprehensive solutions that put things in perspective .

"The unity and security of Iraq and the defeat of extremism are dependent on the strengthening of the infrastructure of the association and the development of development integration between the different regions of the country and between Iraq and its regional neighborhood," Saleh said in an article published in the official newspaper Al-Sabah. Work for young people ".

"The establishment of the investment fund and its offer to the local subscription first, where every Iraqi citizen has the right to participate, provided that the state allocates a certain percentage of oil imports (for example, 5 percent annually) to support it, " Saleh said.

He added that "Iraqi and foreign private sector companies can participate in the fund as well as international financial institutions, donor countries and sovereign funds. The fund will fund economically viable strategic infrastructure projects such as Basra port, highway network, railways, airports and irrigation projects. In the Plain of Nineveh, Germain and Erbil, land reclamation in the south, industrial cities and dams . "

"In addition to its internal role, the fund can participate in the financing of infrastructure projects linking the countries of the region. Iraq is an important strategic axis in which the Arab world, Iran and Turkey join together, linking the economies of the Gulf and Europe, and could be the heart of the new Silk Road to the Mediterranean Sea, and Iraq is the focus of energy production .

Saleh pointed out that "similar experiences in Thailand, Vietnam and India, which attracted investment funds from sovereign funds in Japan, China and the Gulf," pointing out that "the investment fund must be a special law and be independent of the government and managed by a professional body and away from political debates And the members of its administrative body are professional candidates from the government and approved by the parliament and serve for a period of 6 years so as not to be governed by electoral considerations .

The IMF should participate in the management of international financial institutions such as the International Monetary Fund, the World Bank and the Islamic Bank to attract foreign investment. It is also necessary for the Fund to have an accounting and financial system that is subject to financial supervision in accordance with international contexts to ensure the prevention of political interference and corruption .


Saleh, a former head of the Kurdistan Regional Government, said that "dealing with the Iraqi crises in part and away from the structural treatment proved its failure over the past years. Today, Iraq has an opportunity through comprehensive solutions that put things in perspective. In which the parties compete with the seriousness of the commitment to a comprehensive solution to the spiral of the Iraqi crisis, not to be a station for fragmentation and conflict perpetuates the vortex

http://www.ikhnews.com/index.php?page=article&id=163608
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Saleh proposes to establish a fund to invest in Iraq Empty Re: Saleh proposes to establish a fund to invest in Iraq

Post by RamblerNash Mon Jan 08, 2018 1:23 am



Can't Iraq just RV instead? LOL
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Post by Terbo56 Mon Jan 08, 2018 11:16 am

They won't, they will TRY to establish something for people to invest, but it will be a box of 'Cracker Jacks' for Maliki to be able to get his grubby little sausage fingers on, and 'with a little help from his friends......The only 'RV' we will ever see is a blown up, burned out Winnebago..... omg couch
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