Baghdad – IA – Wissam Al-Mulla
Today, Tuesday, the representative of the Prime Minister and his advisor for banking affairs, Saleh Mahood, affirmed the government’s commitment to supporting the Securities Commission and opening new horizons for partnership with investors, calling on the legislative authority to accelerate the issuance of the necessary legislation to meet the requirements of the modern market and enhance the investment environment in Iraq.
Mahood said at the World Investor Day Conference – attended by the (INA) correspondent: “It is a great honor to represent Prime Minister Muhammad Shiaa Al-Sudani in this event organized by the Securities Commission,” indicating that “this conference represents a vital platform for strengthening ties.” between the government and investors and highlights the investment opportunities available in Iraq.”
He added, “The world lives today in an era characterized by rapid economic changes, which requires activating the role of the securities sector as a main tool for stimulating economic growth,” adding, “The Iraqi government headed by Muhammad Shiaa Al-Sudani is fully aware of the importance of this sector as a lever for growth and attracting local and international investments.” “.
He pointed out that “global experiences have proven that investments are not only an engine for growth, but rather a means of developing infrastructure, creating job opportunities, and enhancing transparency and efficiency in resource management,” considering that “the Securities Commission is a vital partner in achieving these goals, as it works to regulate markets and enhancing their protection.
Mahood emphasized “the importance of cooperation between the public and private sectors,” stressing that “the success of investments depends on investment partnerships that contribute to mitigating risks and increasing confidence.”
He explained, “There is an urgent need to accelerate the issuance of the necessary legislation to modernize the legal system to suit the requirements of the modern market, as there must be clear mechanisms to protect investors and facilitate investment procedures, which contributes to improving the business climate in the country.”
He pointed out, “The importance of strengthening corporate governance, as building a strong governance system is vital to ensuring transparency,” stressing: “Investors must feel that their money is protected and that there are effective mechanisms to monitor performance.”
Mahood called for “focusing on education and awareness, as building human capabilities and developing skills in the financial sector contribute to creating an attractive investment environment,” stressing “the importance of establishing training programs and workshops targeting investors, bankers, and government agencies.”
He stressed, “The commitment of the Iraqi government and Prime Minister Muhammad Shiaa Al-Sudani to provide support to the Securities Commission and open new horizons for cooperation and partnership with investors,” considering, “This conference is an important step towards building a prosperous and sustainable Iraqi economy.”