The Minister of Planning Salman
Al-Jumaili discussed with the Chairman of Parliamentary Investment Committee Jawad
Al-Bolani and Private Sector Representatives, the possibility of speeding up the payment of contractors and farmers’ dues through issuing government bonds. In a statement of the ministry, which Furat News received a copy today, “the Minister of Planning Salman Al-Jumaili met the Chairman of Parliamentary Investment Committee Jawad Al-Bolani and the accompanying delegation included the private sector representatives”. The statement said.“During the meeting, the suitable mechanisms to facilitate that the Iraqi contractors obtain their financial dues, which are in the liability of government, as resulting of implementing investment projects over the past years, in the frame of ministerial committee works chaired by the Minister of Planning , which had submitted its recommendations to the Prime Minister and were approved earlier. The statement continued” both parties stressed on the necessity of speeding up to issue the bonds of the contractor within the approved mechanisms and regulations, as well as discussing the farmers dues for marketing their crops through opening a channel for cooperation between the Ministry of Planning and the Parliamentary Investment Committee and the representatives of the private sector, and it indicated that the mechanisms of reconstructing the liberated areas and turning them to constant workshops was discussed, because it is very important in restoring economic and social stability in those area, while stressing on the importance of private sector participation in the reconstructing process due to the capabilities it has in this domain.
“The ministry is ready to support the private sector as it is a main partner in development process in the country”, Al-Jumaili emphasized during in the meeting, explaining that “ the reconstructing process and restoring stability to the liberated areas is a priority with the government” and he pointed out that “the last procedures taken by the ministerial committee of laying down the mechanisms of paying the Iraqi contractors dues are procedures that will ensure these rights”, “the work is carried out now on the all the precise details of process of payment via the issuance of the guaranteed government bonds” he confirmed. Al-Bolani on his part stressed on the importance of opening new horizons before the Iraqi private sector and encourage it to invest though providing an appropriate environment therefore, indicating that his committee seeks through cooperation with the Ministry of Planning to activate the role of this vital sector, especially in these circumstances that Iraq encounters and what is required of expanding the role of the Iraqi private sector. The delegation consisted of Mr. Dawood Abed Zayer the President of the Iraqi National Business Council and Messrs Luay
Al-Saeed and Ali Muftin, who are Board Members of the Iraqi National Business Council.