Iraqi Planning: Adoption of electronic mechanisms to follow up on investment projects

[yota691]

Iraqi Planning: Adoption of electronic mechanisms to follow up on investment projects

A side of the meeting

 June 21, 2020 05:27 PM
Direct: The Iraqi Minister of Planning, Khaled Battal Al-Najm, said today, Sunday, that the technical and economic feasibility study of investment projects will be the ruling criterion for including any investment project within the annual plan of the ministry.

The star added, according to a ministry statement, that there is a trend towards adopting modern electronic mechanisms in following up the implementation of investment projects.

The Minister emphasized that the feasibility study should be prepared in accordance with sound planning standards, which take into account the spatial gaps for development, and future outputs of the project to be included, and according to the priorities established by the five-year development plan 2018-2022.

The Minister, upon meeting the engineers working in the Buildings Planning and Industrial Planning sections within the Directorate of Sector Planning at the Ministry’s headquarters, pointed out that the follow-up of the projects that are under implementation will be according to clear mechanisms that depend on the real evaluation of the project in terms of financial and material achievement ratios, and the stages of implementation And timezones.

And among the star, the Ministry should direct towards adopting modern and advanced mechanisms in following up investment projects through electronic systems that guarantee accuracy and speed in follow-up, marking deficiencies and deviations in the project, and the required intervention for treatment, as quickly as possible.

The Minister pointed out that there are 6 thousand projects in various sectors of development that are being implemented, distributed among the ministries and governorates, stressing that work will continue in it and not stop due to the financial crisis. And revealed, the Ministry's endeavor to include the internal and external borrowing law, which is to be approved by the House of Representatives, an item, to allocate a portion of those loans to finance ongoing investment projects, because of the importance these projects represent in providing services to citizens, providing job opportunities for the unemployed, and moving Other economic sectors.

 

[blueskyline]

Thank You Yota . Happy Fathers Day Dinar Vets !

 

[nannab]

Happy fathers Day blueskyline  and Daddy's everywhere!!! 

Thanks Yota!