The current situation requires the involvement of the private sector in development

10/10/2015 0:00

Expert promised to enhance the country's position economically

BAGHDAD Shokran Fatlawi

Confirmed economic expert need to provide an opportunity for the private sector to carry out his duties as a key driver of the economy and a participant in the decision-making process, by virtue of the stage through which the country's economy as a result of recent developments, especially after the crisis, falling oil prices and the economic situation Quo.

She Dr. peace Sumaisem Speaking »Sabah» on the sidelines of a seminar held by the progress of policy development institute necessary to make rapid economic reforms and a review of economic policy through the diversification of sources of income Maevrd first to make way for the Iraqi private sector and open the way to the outside of the private sector to boost investment, similar to countries that possess laws encourage investment next to it.

Noting that the risks to the country require the presence of large financial hedges to eliminate the terrorist organizations as well as funding for the basic needs of the country what cost him a great burden.

She noted that Iraq is obliged in front of international organizations, particularly the International Monetary Fund and the World Bank to give assurances that he was serious in the reform process which requires more than a review of the economic policy measures, especially with regard to fiscal and monetary policies as well as in relation to the price of the dollar on the extent She said.


He pointed out that it is supposed to state reduce its dominance of the most productive sectors and make way more for the private sector and give the freedom of economic deal so as to enhance confidence in the existence of climates safe for the private sector making it easier for the arrival of foreign Astosmarforeig thus giving an idea of ​​the views of foreign and international organizations seriously Iraq policy area and economic reforms.

Increase the productive base


She stressed the importance given to the partnership between the public and private sectors and try to take advantage of public projects and put it to the doors of self-financing through this review in order to activate and increase the productive base inside the country and the concomitant strengthening of the economy and operation of labor and absorb unemployment and to try to get rid of the erosion of capital as a result of lack of work periods for quite some time and Sumaisem She concluded by noting that the reactivation of production capacities inherent to generate material production and the creation of amounts of access to help move the economy and its financing, especially after the decline in economic growth rates due to the decline in activity levels Economic.

Soft loan


It should be noted that the Economic Adviser to the Prime Minister Abdel Hussein Al-Anbuge revealed during a press statement on the allocation of two billion World Bank soft loan to support the government in its economic reforms.

Indicating that «the World Bank will launch a billion dollars for Iraq this year, and will be watching the government's work in the field of economic reforms to be launched next billion over the next year».

He added that «the money will be spent on supporting the current and next year's budget and economic reforms own projects to support local governments and activation of some sectors that are in the service of the citizen and projects Service ».

Anbuge explained that «the World Bank is working on the loans of the affected States such as Iraq economically exchange to improve the economic and financial reality and support budget for the activation of some aspects of the economic sectors to curb the austerity».


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