His financial advisor: Al-Sudani pledged to protect investors and the government is responsible for their actions, 21 APRIL

   His financial advisor: Al-Sudani pledged to protect investors and the government is responsible for their actions

4/20/2024  Baghdad –

Mazhar Saleh, Advisor to the Prime Minister for Financial Affairs, announced today, Saturday, that Prime Minister Muhammad Shiaa Al-Sudani’s pledge to provide a positive business climate for investors from the United States is an essential factor in reducing and completely eliminating risk calculations, especially “added costs,” indicating that this pledge It will make the executive authority a direct supervisor of the work of foreign investors.

Saleh said in a statement to the official agency, followed by the 964 Network , that “the launch of the project to protect and maintain the investment environment in our country and improve government services for foreign investors, especially the investor sector from the United States, represents the launch of a package of government directions and its strong pledges that support the stability of foreign investment activity and in a way that serves the interest of development and progress.” And the economic prosperity in our country, without a doubt.”

He added that it is “a signal to provide opportunities for success for the work of investors, which requires providing a smooth and facilitating climate free of inherited bureaucratic obstacles that in the past delayed investment activity in our country and led to adding high and exceptional burdens and costs to the accounts of investment projects that have been called in the literature (the cost of Iraq), which It meant the cost of investment risks outside global measurements.”

He pointed out that “the Prime Minister’s pledge to provide a positive business climate for investors from the United States is an essential governmental factor in reducing risk calculations and eliminating them completely, especially the risks of the cost element added to the investment project itself, financially and temporally, which are aspects that investors were exposed to in the past and add prohibitive burdens and costs.” “.

He continued, “The Prime Minister’s pledge means that the executive authority will become the direct supervisor of the work of American investors in the selected investment fields in our country, and that the government’s protective frameworks that will be devoted to this purpose will become a legal and administrative tradition to protect investment activities, or what may be called: investment security and the protection of foreign investors.”

In our country in general and US investors in particular, this is a realistic and direct expression of the state’s strong will to provide investors with all the facilities required by the foreign investor in accordance with the contracts and obligations signed and legally enforceable when implementing their projects in our country.”   LINK