View Full Version : financial crisis and its impact on project financing

04-26-2015, 09:51 PM
Araji discusses the financial crisis and its impact on project financing

BAGHDAD - Iraq Press - April 26: Deputy Prime Minister (http://www.ebay.com/sch/i.html?_nkw=prime+minister) Bahaa al-Araji, said during a panel discussion seminar hosted by the investment and the Iraqi Reconstruction Development Center under the title (of the financial crisis and its impact on the financing of projects implemented by the private sector ... solutions and proposals) "When you look at the history of the States and developed nations, we find that this progress has been the role of the private sector, and when looking at the big names for global companies, we see was the nucleus of the private sector in their countries, and after that the girl and baptized their countries crossed the border to the adoption in other countries and to be a source of income in those countries, and This is the role of the private sector in developed countries.

And Deputy Prime Minister added: "When looking at the history of the private sector in Iraq, we find that, and over the past few decades, the sector is not quite but the former regime and adoption of policies on the public sector and neglect of this important sector and the ruling family intervention at this stage the work of the private sector made ​​him neglected, which was the reason to bring the owners of this sector to the outside of the border, and even after the 2003, when the state made ​​the economy open economy (http://www.alibris.com/search/books/isbn/9780324321524) this sector could not compete with companies that came Bdaúaha to Iraq,so today we are in a new era and all supportive of this sector and the government aims to bring life to this sector and evidence of this is the government program presented by the Prime Minister, which has singled out the important points of this sector and the need for participation in the building of the Iraqi state (http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=2&campid=CAMPAIGNID&toolid=11000&customid=CUSTOMID&ext=300583623010&item=300583623010&ipn=psmain&icep_vectorid=229466&icep_ff3=2&icep_item=300583623010). "

And follow-Araji "This conference is evidence of the keenness of the government and the House of Representatives and all state institutions to find a lot of coordination to overcome the financial crisis and that this sector is an important sector whether it's legislation laws or facilitate tasks of the sector, so there are steps you must take in order to be the private sector productive and successful, some of which is on the State and the other is the responsibility of the business.