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Hafiz occupation of Iraq confirms the possibility of a privileged position in the course of economic

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Hafiz occupation of Iraq confirms the possibility of a privileged position in the course of economic Empty Hafiz occupation of Iraq confirms the possibility of a privileged position in the course of economic

Post  Admin Sat Nov 23, 2013 7:40 pm

11/24/2013 0:00

Editing resources of the state of the dominance of the oil sector, highlighted its factors
BAGHDAD - Shkran Fatlawi


Recommended a seminar hosted by the Institute of the progress of the policy development in collaboration with the Federation of Businessmen and the Association of private banks need to identify the obstacles to achieving economic progress in the country Kanhsar state resources in the oil sector and stimulate the work of the private sector that is by having a public sector influential in economic activity , paving the way for the activity Special to be coordination between the two sectors to achieve the goal to be achieved .

In an interview with Dr. Mehdi al-Hafez and Minister of Planning and former Chair said "morning" that Iraq is a country of oil and abundant natural resources , pointing to the need to occupy his privileged position in the course of economic regional and international levels , particularly in supporting the private sector and the middle class relied on the adoption of the points of methodology basic objective of the central achievement of sustainable human development context -year-old and a central objective of formulating development vision to exceed the threshold for high-income countries down to the category of countries that were able to belong to the club of economic progress .

Tasks Strutajitan

He said Hafiz to the importance of creating economic structure modern and balanced free from the dominance of oil revenues and a focus on building the productive sectors fundamental to achieve the required balance and not rely on the production and export of a single commodity, namely oil and learn how to achieve the conditions of starting the process of industrialization in the country that are unlikely without depicting the movement of growth , as well as the face of great challenges and tasks through reconstruction and rehabilitation and modernization of the structures that are basic to the national economy , pointing to the emergence of important Strutacetin proceed with the application of economic reform and get rid of the effects of the policies and practices of the previous hand, and the diversification of the national economy, on the other hand


High liquidity

He said we are going to strive to create a platform capable of creating a new tomorrow that supports these ideas and contribute to solving the problems of fiscal and monetary policy and provides the climate for the prosperity of banks to ensure the support of national development and economic renewal destruction.

 After that, the participants discussed the ideas and proposals contained in the symposium to get the best results , as it occurs , an economist Adnan Chalabi for the private banking sector and wished him after an increase of capital of banks to 250 billion dinars provide high liquidity not only his work on the buying and selling of securities and money orders , He pointed to the need for banks to offer advanced banking services , similar to the rest of the world banks up their services to 200 banking service while our banks is limited to 15 provided banking service .


Routine procedures

For his part, spoke economic expert on behalf of Jamil Antoine for the private sector and routine procedures that hinder his work , pointing out the need to change the economic reality -based , which suffers slowness and lack of seriousness , stressing the need to develop plans to open up to the tactics Global , which owns the technology and modern expertise and openness towards the economically developed countries to enact laws will promote this sector , which has suffered a significant decline , confirming the lack of strategic economic and straightforward , calling for the need to allow the private sector to open letters of credit with banks of the world.

concluded the seminar need to take a series measures aimed at the advancement of economic reality and the removal of restrictions on the investment process and improve the efficiency and productivity Other sectors on the basis of sound and the strengthening of the institutional work of the state and the rejection of sectarianism and controls the formulation of economic policy and effective national and proceed in this way and create the atmosphere to end the crisis in the country , especially the political and economic crisis .


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