British Parliament: on Iraq access to global credit rating to finance its projects
The member of the British House of Commons Nazim Zahawi, on Wednesday, Iraq to work to get a credit rating of an international grant and reliability of its projects and to be able to obtain international financing for investment projects that he wants to do in various fields, calling for strengthening economic relations with the United Kingdom and take advantage of its re- Iraq’s infrastructure.
He said Zahawi, in a joint news conference with the President of the board of investment Sami Araji, the presence of that “it is essential that the Investment Authority, Iraq by giving priority to projects needed by the citizen, and then discuss with the international financial institutions on the financing of such projects through the adoption of the policy of return to Iraq classified as global credit grants and reliable enough for its projects and in order to encourage international companies to implement them. “
He added, “who stands up for the program for Iraq to the credit rating of the world, you must be a person with extensive experience in this area, and be is susceptible to negotiation and persuasion to get the best results,” adding that “after the talks continued out a roadmap for action between the governments of Iraq and the United Kingdom in the fields of economy. “
The Zahawi that “looked through future visits to Iraq to see progress in its own launch and completion of projects,” noting that British companies “had much experience in the field of construction and reconstruction are the projects that Iraq needs at the present time, especially in the areas of roads and bridges” .
He pointed out that “London, which includes companies roots in the construction projects are also an international financial center equal to New York and this is what gives them the ability to fund major projects, because they represent no British banks, but international banks interested to work in Iraq through the financing of construction projects and investment projects in addition to side credit in the investment process. “
For his part, said the President of the board of investment Iraqi Sami Araji, “The presence of a member of the House of Commons Nazim Zahawi Iraqi origin, will help to develop economic relations between Iraq and the United Kingdom during the financial expertise that will help Iraq open up wider prospects of working with British companies, particularly as it Member of the Committee on Business and Finance in the British Parliament. “