MINISTER FOR PLANNING (IBA): You Have to Enable the Private Sector and Stimulate Foreign Investment

Minister for Planning (Iba): You Have to Enable the Private Sector and Stimulate Foreign Investment

2010-01-20 09:10:36
BAGHDAD (Iba) .. The Minister of Planning and Development Cooperation Ali Ghalib Baban "the need to head programs this year to reactivate the private sector and seek to drive foreign investment to enter the local market."

Baban said, told the independent press (Iba) on Wednesday that "the operationalization of the private sector can achieve significant growth so that it is able to provide thousands of jobs and means of voluntary movement in the productive sectors especially government. Stressing the need to stimulate foreign companies to invest overseas and move towards commencement of projects. "

"The new year, the state is seriously considering not to rely only on oil wealth to fund its budget Assembly. Pointing out that the deterioration and confusion in oil prices could make the state is unable to revive the economic reality."

And between the doors, "said the ministry has adopted the social security scheme similar to what is happening in developed countries, which guarantees to every Iraqi citizen a decent life and to ensure against deficits, unemployment and disease. Pointing to seek cooperation with some foreign expertise to develop a project in order to make the right decision and to achieve a prosperous future the country. "

It should be noted that the minister called on local administrations to the provinces to begin the preparation of reconstruction plans five-year development, the government intending to implement from next year, and work to establish an industrial city in each province. (End) / 20 / p /.

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". Minister of Planning and Development Cooperation Ali Ghalib Baban, it is necessary to move programs for this year to reactivate the private sector and seek to drive foreign investment to enter the local market. "
". Baban said that "the operationalization of the private sector can achieve significant growth so that it is able to provide thousands of jobs and means of voluntary movement in the productive sectors especially government."
و". Baban said that "the new year, the state is seriously considering the lack of dependence on oil only to finance the overall budget," indicating that "the continued deterioration and confusion in oil prices could make the state is unable to revive the economic reality."

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