Payment on credit

3/29/2015 0:00

Yasser incumbent

Heading the need to adopt the method of payment on credit to continue the implementation of strategic projects, particularly infrastructure projects, the important question here, what challenges facing the adoption of this method?

Major challenge lies in the expectations of the stability of oil prices at a cover price limits under which painted the general budget of the seesaw and divided between arrival at acceptable levels for exporting countries and between the expected future declines due to lack of demand for oil in the summer period.

The other challenge is that the projects carried out in this way mostly concerned with infrastructure projects and a strategic priority and of electrical energy, roads, bridges and housing projects, projects, projects which have no direct payoff to cover repaid in the future.

Is it any infrastructure projects linked to stimulate productivity and service projects have a high return and direct, and thus contribute to the sustainability and sustainable development programs through created a financial levers can inhibit the adoption of the budget on the oil yield threatened to revenue resulting from the production and service sectors, and thereby contribute to the payment projects on credit in diversifying the sources of national economy.

Two challenges require carefully focused their study so they can be the selection of projects that are meant to initiate its implementation through the payment on credit method.

Here, the important question is, who she is concerned the marketing of this method?

Starting must identify priority in the implementation of projects, particularly electric power projects and then roads and bridges that contribute to strengthening the country's productive capacities, these projects so far hypothetical, since the government must create and prepare the launch requirements, choose the high expertise of international companies as combined So Balragbh them to invest in Iraq first, safe and attractive environment, discreet banks are able to absorb the financial capacity, as well as existing international banks in the country to participate with them within the terms of the contract in order to raise the efficiency and capacity of local banks in the future, and is required to activate the insurance sector the most important link in achieving guarantees except other government guarantees, which requires the need of an effective insurance companies can create a partnership between government and private systems and the development towards providing services live up to the enterprise level.

The inclusion of the general budget of the paragraph to determine the amount of five billion dollars to projects payment on credit law is correct and encouraging step and authorize the initiation of pursuing this method and ground can build on them provided that they are in accordance with the priorities, but when do you do? We will continue to see.

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