And economic reforms

Author: Yasser incumbent

8/23/2015 0:00

Today launched the (economic morning) new shape with the start of the morning 48 as usual to call since the idea of ​​expansion, three pages devoted to the economy out of its importance at the local and global scales, widened to spaces economic affairs in various sectors of finance, business, trade and the stock exchange and other cover.


It is a happy coincidence The launch of (economic morning) that came with the economic reforms undertaken by the government, which came in response to the requests of the pro protesters and blessed by reference honest, these reforms that respond to the needs of the citizens of basic services and requirements package will be the focus of our mission in this Almrahlh.orb of asking and Maalaqh reforms basic needs tell him a direct correlation completely detached and touches the lives of the citizen being designed to correct administrative reservoirs bug that allowed corruption Voaaq certainly spillover of development, Economic Reforms will for the foreseeable future to correct the basic services that were sparked demonstrations path.


The first tasks of (economic morning) follow up and monitor the implementation of compromising the lives of citizens and presented with full transparency and disclosure through the visions of citizens and experts alike economic reforms, and will go program aimed at creating economic culture consistent with Maatmr by the country of shifts by clarifying the advantages and disadvantages of decisions and leave the field citizen to Takiimha.vriv work of the Economic pages formatted entirely to take on new responsibility and deal with the events and addressed with full transparency, and will work hard to deliver the voice of citizens and experts to those in charge of economic decision for them to trace the problems and work to resolve them, and the transfer of the true picture of what is going on in the orbit of economic affairs through monitor the various manifestations and work to offer solutions to them and to mark a page in the next measures that have been taken in many of the topics the new Almchksh.almanmh may be difficult in Mrasha but goes easy on the direction of the country and the citizen service.


http://www.alsabaah.iq/ArticleShow.aspx?ID=98373

Economic reform path and banks
   

8/23/2015 0:00

Abdul-Hussein Mundhiri
Global Economic studies indicate that the process of economic growth is closely linked to the growth of bank funds, and that is take over governments in the world's interest in the banking sector through the creation of basic necessities for the safety of its basic solid laws regulating banking business and the laws of Dolly in the forefront of «money laundering» and »guarantee deposits »and» credit guarantee »and other international regulations and instructions.

Regulation of the financial sector

Where we see that most of the countries put all its money and its potential in the discreet banks and trust her to organize the financial sector and the financing of development projects and the movement of trade and investment. For example, in the US Congress there is a special ad hoc committee to monitor the work of the US banking sector of the importance of the existence of such a committee to monitor the financial and banking asset management, amounting to trillions of dollars each local funds and other funds immigrant from all continents of the world.

So, the importance of reforming the banking sector of the basics of achieving economic growth and reform; because the weakness of the banking sector leads to economic paralysis movement. Although banking crises if they occur, it will hit all sectors of the economy.

We have observed the collapse of «Lehman Brother» Bank of America Why leave of collapses in banks, companies and investment firms and exchanges shares and bonds in the United States, Asia, Europe and Gerha.oukd secure resorted several governments to allocate resources to committees for the control of banks and granted independence and support where the appointment of the Chairman of the Oversight Committee and his collaborators by the Prime Minister of this committee in order to be strong and backed by the highest authority in the state are not subject to political pressures and the owners of the banks when the discovery of an influential banking irregularities in the safety of the bank.

This is what happens in Lebanon, as it is set to the Oversight Committee by the President of Wazzra.ma we see today that the Iraqi banking sector has abandoned the role of investment and development, and went to the commercial field and ran «behind a large and quick profits, and this activity is to achieve self-interest of the banks, but it represents a threat »to revive the multi-economic sectors and increases the incidence of poverty, unemployment and lack of basic services in the energy and transport sectors, as well as the weakness of the housing sector and this vital and dynamic sectors of the economy to Salah any association with the daily life of the human being.

Development bank

The implementation of the idea of ​​establishing a development investment bank specialized financing business joint capital from government and private banks and businessmen, is of great importance to the revitalization of the investment sector, it provided that the bank is managed with the mentality and the spirit of the private sector in order to run a free manner and be its Board of Directors resolutions powerful and fast.

If it was established that the bank succeeded it would attract money investors from within and outside the country through the issuance of Law of the funds and instruments investment factor, where project financing requires large amounts of money does not come only through intercontinental funds in an effort to ease pressure on the state budget, which was no longer able to create funds for investment projects, where I took the operating budget creeps on the investment budget to eat them as the seven lean cows devoured seven fat cows, so let's banking sector reform path
Altogether.

http://www.alsabaah.iq/ArticleShow.aspx?ID=98361