Strategy of the private sector through sustainable development

2/25/2015 0:00

BAGHDAD - Hussein Tgb


Continuing interest in economic affairs specialists Bstratejah development of the private sector being in harmony with the requirements of economic development that task rests with the sector after the adoption of the transition to an open market economy, which is located on the mission of the private sector in order to achieve comprehensive and sustainable development.

Competent in economic affairs Samir Nasiri talked »Sabah» about the role of the private sector in the implementation of the strategy, which requires that there be an active role in the construction of a sound national economy, and this means the involvement of the private banking sector and the private sector a greater role in economic decision-making.

He pointed out that to maximize the role of the private sector requires to contribute to the improvement of the business environment in Iraq and the provision of investment climate is encouraging to attract national and foreign capital and encourage the achievement of partnerships between the public and private sector, and involvement in the creation of new legislative environment based on its reference to Article 25 of the Permanent Constitution and strategies and laws on economic reform and development of the private sector in order to ensure its activation and its leadership of the market in the future.

Alnasiri pointed to the importance of the perpetuation and activation of partnership, dialogue and cooperation between the government and the private sector and contribute to the policies, mechanisms and strategies and participate in the follow-up implementation to resolve the transition programmed stages in time to a market economy status, as well as to provide additional sources of financing of the general budget of the State to adopt the development and diversification of resources towards raising the proportion of Other resources in the non-oil GDP.

And the importance of working to encourage the creation and development of micro, small and medium enterprises in order to achieve comprehensive and sustainable, including the formation of specialized institutions for this purpose, and to cooperate in ensuring the implementation of central schemes in the provision of infrastructure for the promotion and development of the private sector in industry, commerce, agriculture, tourism, mineral resources, energy, and services development.

He Alnasiri: the adoption of a new monetary policy and financial lead to comprehensive reform and restructuring of the banking and financial sector of Iraq, is very important, with emphasis on the restructuring of the government banking sector as stated note signed with the World Bank several years ago have not been implemented in reality and support the banking sector and boost the current potential.

He stressed the necessity of activating the role of civil specialized banks and the banks to provide soft loans for the national private sector, as well as finding solutions to problems accumulated tax benefits resulting from the owners of the stalled production projects and the development of short and medium-term fiscal policy solutions.

He explained that the current private bank financing structure mired with many failures and obstacles, and in order to increase credit and total funding from private banks and activate their contribution to various aspects of the reconstruction investment, and push the development process, and moving the economic cycle in Iraq, we see serious essential step is to begin to expand funding for special projects Small and medium-sized, social and economic goal of a private and urgent priority. And develop and promote the financing of small and medium enterprises.

Protagonist prompted to activate the proactive monitoring and reviewing the instructions and implementing regulations and guidance on the applications of monetary policy and a precise control system to follow up on implementation, particularly with regard to foreign exchange auctions currency supervised by the Central Bank of Iraq, as it must be coordination and cooperation with the ministries of Finance and statistical and institutions involved in build a base and statistical financial information and ensure transparency.

Urged to actively participate with financial and monetary institutions in coordinating the implementation of fiscal and monetary policies apps and active participation with the government in the implementation of the restructuring of public companies and facilitate partnerships with the private sector measures, as well as contributing to the quality assurance standards for local products and services and imported, and cooperation and to contribute with relevant institutions in rehabilitation and training specialized in the private sector human resources.

He emphasized to encourage private banks to invest in economic projects so as to enhance the proportion of its contribution to GDP and to accelerate the legislative amendments to achieve this goal and work to private and institutional governance and adoption in government and private institutions regulations legislation, seeking to enact legislation that will allow the involvement of specialists and professionals from the private sector as members of the boards of directors of public companies. BAGHDAD - Farah pumice

The investment of alternative energy sources, "an important step" to reduce expenses and support budget revenues as a less expensive and safer.

The country has many of these sources, including: "The water, solar, and wind, as well as bio-energy, which produces fuel from sustainable agricultural Kalnkhil, corn, sugar cane and other crops."

He noted economist Mahmoud Alloush "morning" in this regard to the importance of bio-energy use alternative energy, which supports energy sources at the level of the same governorate, as they are environmentally friendly and do not cause pollution, stressing at the same time need to expedite the gas associated with oil investment and exploitation of its revenues in budget support Ama.ela observers find renewable energy production frequently in hydroelectric power plants by dams near the right places to be built on the rivers and waterfalls Almiah.fima Alloush stressed to keep up with the evolution of the world in the proliferation of some crops for use in the production of alternative energy Kalnkhil through tissue culture , especially after a large number of it (palm) for a lot of epidemics, which led to the decline in numbers.


http://www.alsabaah.iq/ArticleShow.aspx?ID=87567