Reading in the decision to withdraw investment vacations lagging
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Reading in the decision to withdraw investment vacations lagging
Reading in the decision to withdraw investment vacations lagging
05/02/2021

Because of the war on terror and the Corona pandemic. In addition to what was announced by the Ministry of Planning that the investment projects owned throughout Iraq amounted to about 6000 projects and they need allocations amounting to 126 trillion dinars for the purpose of completing them, which forced the government to take a decision to withdraw licenses for projects that are lagging.
In order for the papers not to be mixed and for the National Investment Commission teams to be able to identify the projects covered by the decision, whose numbers have been estimated at more than 1,000 projects in various sectors and fields, so that the decision does not affect the attraction of real investment and for the purpose of preserving the Iraqi and foreign investor committed to the implementation map and its obligations with the government.
I think that the National Investment Commission, in partnership with the Ministry of Planning and Finance, the Central Bank and the Union of Contractors, undertakes to re-diagnose the projects covered by the decision and determine the real reasons for the delay in implementation, whether it is due to routine or incomplete government procedures, or because of the authorization, or because of the non-implementation of Cabinet Resolution 245 of 2019, which He emphasized support for investment projects that have achieved an implementation rate of no less than 25%, which called on the Central Bank to launch an initiative to lend to these projects as mentioned in the second axis of the above decision and for government banks to take charge of lending these projects according to the mechanism that was attached to the decision and focus on considering letters of guarantee issued by the bank Al-Iraqi Trade as a guarantee for loans, and I believe that private banks that are rated A can also be added to issue letters of guarantee, provided that the Ministry of Finance guarantees the reluctance to pay loans to these projects, especially since many private banks have customersAnd investors who are granted investment licenses and are in need of bank financing.
05/02/2021

Samir Al-Nasiri
Last week, during his visit to the National Investment Commission, the Prime Minister issued a decision to withdraw investment licenses for lagging projects, whose implementation rates range from zero to 35%. And through an analytical review of the decision, we note that the follower of investment activity in Iraq at first glance that the decision is one of the treatments to curb delusional and lagging projects that were granted investment licenses at a previous stage in the time of monetary abundance and there were no real and sincere intentions to implement them for subjective and objective reasons according to what was planned and added In addition, due to the suffering of Iraq in the middle of 2014 from the accumulated crises and the economic, security and epidemic complex due to the drop in oil prices by more than 70%
Because of the war on terror and the Corona pandemic. In addition to what was announced by the Ministry of Planning that the investment projects owned throughout Iraq amounted to about 6000 projects and they need allocations amounting to 126 trillion dinars for the purpose of completing them, which forced the government to take a decision to withdraw licenses for projects that are lagging.
In order for the papers not to be mixed and for the National Investment Commission teams to be able to identify the projects covered by the decision, whose numbers have been estimated at more than 1,000 projects in various sectors and fields, so that the decision does not affect the attraction of real investment and for the purpose of preserving the Iraqi and foreign investor committed to the implementation map and its obligations with the government.
I think that the National Investment Commission, in partnership with the Ministry of Planning and Finance, the Central Bank and the Union of Contractors, undertakes to re-diagnose the projects covered by the decision and determine the real reasons for the delay in implementation, whether it is due to routine or incomplete government procedures, or because of the authorization, or because of the non-implementation of Cabinet Resolution 245 of 2019, which He emphasized support for investment projects that have achieved an implementation rate of no less than 25%, which called on the Central Bank to launch an initiative to lend to these projects as mentioned in the second axis of the above decision and for government banks to take charge of lending these projects according to the mechanism that was attached to the decision and focus on considering letters of guarantee issued by the bank Al-Iraqi Trade as a guarantee for loans, and I believe that private banks that are rated A can also be added to issue letters of guarantee, provided that the Ministry of Finance guarantees the reluctance to pay loans to these projects, especially since many private banks have customersAnd investors who are granted investment licenses and are in need of bank financing.
claud39- VIP NewsHound
- Posts : 18424
Join date : 2018-11-04

» Suha Al-Najjar: Withdrawal of investment licenses for lagging projects.. A fair and just decision for the serious investor
» Parliament denies the decision to withdraw the legislative decision not to exclude candidates
» Committee of projects lagging: the investment bodies of Baghdad and Najaf to resolve all investment projects
» Baghdad investment grants 15 billion dollars in vacations and delays the ratification of designs
» Abdul-Mahdi: I will lift the parliament request for my resignation
» Parliament denies the decision to withdraw the legislative decision not to exclude candidates
» Committee of projects lagging: the investment bodies of Baghdad and Najaf to resolve all investment projects
» Baghdad investment grants 15 billion dollars in vacations and delays the ratification of designs
» Abdul-Mahdi: I will lift the parliament request for my resignation
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Introduce myself
» Kurdistan’s Erbil police shut down illegal casino, arrests ‘gambling network’
» Guru Wolverine 3/16/22
» Guru MarkZ 3/15/23 pm
» Guru Sandy Ingram 3/16/23
» Guru Nader 3/16/23
» Guru MilitiaMan 3/16/23
» Guru MountainGoat 3/16/23
» Gurus Frank26 & Firefly 3/16/23
» Guru Judy 3/16/23
» Guru Okie 3/15/23
» Guru Bruce Dingleberry 3/15//23
» Guru MountainGoat 3/14/23
» Predictable Tony: All you want and more
» Guru MarkZ 3/14/23 am
» Guru Okie 3/14/23
» Gurus MarkZ & Militiaman 3/14/23
» Guru Judy 3/14/23
» Guru Wolverine 3/14/22
» Guru Nader 3/14/23
» Guru Frank26 1/13/23
» Ameraq
» Iraq Retains Poor Ranking in Corruption Perceptions Index 1/31/23
» Iraq cabinet approves 2023 draft budget of more than 197 tln dinars 3/13/23
» Guru MarkZ 3/13/23 am
» Guru Okie 3/13/23
» Guru Nader 3/13/23
» Guru Frank26 3/13/23
» Guru Sandy Ingram 3/13/23
» Guru Judy 3/13/23
» up date on budget
» Adoption of the national currency
» Iraq far from liberal democracy since US invasion in 2003 3/10/23
» Iraq's crackdown on booze, social media posts raises alarm 3/10/23
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM UPDATE 3/10/23
» Guru Okie 3/10/23
» Guru Bruce Dingleberry 3/923
» Guru Sandy Ingram 3/9/23
» Guru Nader 3/9/23