enables the development of investment and reconstruction center of Iraq from the convergence of views on the possibility of finding urgent solutions to entitlements companies and contracting private owed by the government during a recent seminar led to several recommendations that will resolve the crisis, which reflected on the market.
President of the Center Ibrahim Baghdadi said for " morning ": regarding the impact dues private sector to disable projects that this sector recognizes the risks to the country from the crisis and financial hardship due to lower oil prices and the war against Daash gangs of terror.
He said the interest of the companies and contractors involved to strengthen the state's capacity to cope with these conditions has been identified recommendations Symposium including can about the size of the problem in part and contribute to cover the needs of companies to continue its activities to support development programs.
He said Baghdadi: We have welcomed the government's decision to pay at least 20 percent of the dues first batch but in return called on the seminar to the need to stop the claim to extend and renew letters of guarantee for projects that the state did not pay their dues, as well as to stop the interest calculated on the loans granted by government banks to companies with outstanding financial benefits for the government He pointed to the importance of the postponement claim banks the government repay loans or facilities granted to the private sector companies that have the bodies benefits Government, pointing out that most of the state's resources in dollars and most imports Contractors are also in dollars when the exchange rate rose from 1200 to 1330 dinars, meaning an increase of 10 percent, so we asked to give some contractors dollars supported the official rate set by the Central Bank.
He noted that the parliamentary finance committee promised by Dr. Haitham al-Jubouri, a member of the Commission by agreeing to hold the amendments the budget in 2015 and the necessary changes that the government and private you may need to facilitate the payment of arrears of the private sector entitlements and speed make the necessary changes if the government made a request so by law.
Among Baghdadi that the recommendations drawn to stop fines implications and benefits in the immediate deduction to companies that have their financial dues and stop penalties and interest imposed by the Ministry of Labour which social and Alhwoon on from with outstanding financial dues tax.
As for companies that implement projects in areas outside central government control, the civil works are considered parked apply it mentioned recommendations, either business import of those projects which have these companies to open documentary credit with the ministries are to receive material and deposit it in stores belonging to the state and use them in other Mchabhh.kma projects explained that the second session of the seminar saw the host committee a group of businessmen in the sector and the private, who worked on the division of projects in a timely manner into two parts of which section the first projects that are located in controlled areas by the central It is the kind of completed projects and Received Astelama final and projects completed and Received Astelama preliminary and not final as well as the projects under implementation, namely, (works projects and public contracts processing contracts advisory services and there is distracting and processing contracts, and explained that the decision was passed to give the extra period with the contractor to stop work, in case the contractor was able to complete its work on his own account confers a benefit for which the amounts spent by the project. The second section which projects are located in areas that written in terms the terrorist gangs and the completed projects and have the first delivery of these projects can identify deficiencies as inventory in the delivery and initial deduction of these amounts Minutes are determined remaining amount to the contractor, because these projects have been damaged now because of military operations can not be loaded Contractor damage caused by it.
Baghdadi said the recommendations in this regard include the need for the Commission to consider a freeze on some of the projects completion rate where 10 percent or less and possession of strategic projects that serve the citizen, and the creation of a database meet their information from ministries and provinces all clarifying Contractors requests.
As is classification of projects in the form of aggregates (ABC) and according to the importance of the project and the percentage of completion and the type of project and the required amount and terms of payment to be taken solutions fit every situation.
it was suggested a number of representatives of the private sector companies as well a representative in the esteemed committee formed to discuss and propose appropriate solutions.
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