Economic workshop to discuss the crisis between the center and the region

31/10/2016 0:00

Dohuk / follow-up to the morning
Economists have studied the role of the presence of an official of the Central Bank of Iraq in resolving the economic crisis in the center and the region, and discussed the economic and workshop hosted by the American University in Dohuk province overall challenges facing economic development in Iraq.

The workshop was chaired by the governor of Dohuk Farhad Alaterci and attended by Minister of Planning and Salman al-Jumaili and the Governor of the Central Bank of Iraq, Dr. Ali Keywords and financial advisor to the Prime Minister Dr. The appearance of Mohammed Saleh, Minister of Planning Ali Sindi Kurdistan region and Dr. Fadhil Nabi, Undersecretary of the Ministry of Finance and head of the Iraqi private banks association Wadih Handal.
Investment projects

Planning Minister Salman Jumaili began to talk and accept it during his most prominent measures taken by his ministry to meet the investment projects undertaken by the Iraqi state expenses, while Dr. Fadhil Nabi detect the most prominent challenges facing fiscal revenue in Iraq, noting that ten million people are paid salaries, including those who receive two salaries .

To solve the problems
For his part, the financial advisor to the Prime Minister in his speech said the appearance of Mohammed Saleh said there decisions possible, strong and short-term measures aimed at resolving the problems between the province and the center. Saleh praised the rapprochement between the center and the region and attend a high-level delegation to Baghdad and its role in finding a serious outlets to address all outstanding issues and that can bring significant economic feasibility addressed to both sides. The Governor of the Central Bank on the Keywords reviewed the role of monetary policy in the coverage of government expenditures in Iraq and ways to provide the necessary liquidity for these expenses through wise policy to support development programs in the Iraqi economy.

Localization of salaries
President of the Iraqi private banks association Wadih Handal said, and you described 10 million employee situation negative and can be converted into a positive case when linking the salaries of staff development grant launched by the central bank, amounting to 6 trillion dinars through localization of employees' salaries in the private banks and make it legal as collateral for loans granted and thus achieve several targets, including banks and restore confidence to the rapid lending as mortgage guarantees delayed the initiative because of tribal and other challenges, and to ensure the reduction of poverty rates in the country, as well as ensuring job opportunities for young unemployed graduates and define their migration as human as resources useful.

Depositors' money
Then repeat Handal call for the need to resolve the problematic situation the hands of the provincial government on the depositors' money in private banks proposal calculated Islamist benefits attributed them by 2 to 3 percent, bringing back confidence in banks to continue lending operations again and then the need to involve the private sector and represents in such seminars and dialogues, which includes the owners of financial and economic decision in the country

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