Dohuk: a conference on the world economy and its impact on Iraq

10/04/2014
After two days of discussions and throw Research concluded in the halls of the University of Nowruz Thursday, the tenth of April --2,014, the conference's own economic study international economic changes and their impact on the financial system in a federal Iraq with the participation of 120 specialists from universities in different Iraqi conference included throwing about 20 academic research dealt with axes economic and financial important at the level of Iraq and the Kurdistan region.

Dr. Hashim Zebari, a member of the Supreme Committee supervising the organization of this conference, told Radio Free Iraq that the aim of the organization of this conference is to highlight the financial problems suffered by Iraq and how to find ways to solve these problems and reduce them, especially that Iraq is one of the rentier states that rely on oil as a source So basically in the economy, they are strongly influenced by international political variables, especially those that occurred in the Middle East.
Zebari said that they "will lift the recommendations they reached during this conference to the concerned authorities in the provincial government in order to take advantage of them in overcoming the problems that plagued Iraq in general."

To that explained Dr. Dr. Thoraya Khazraji from the University of Baghdad, which participated in this conference, research on the banking reality in Iraq, explained that there are backward in the banking reality in Iraq, Izzat reason for this is the lack of trust between the citizen and the local banks in addition to the system used in Iraqi banks Old and needs to make fundamental reforms so that banks can actually keep up with the global banking.

For his part, criticized Dr. Bassem Abdul Hadi from the University of Nowruz went Kurdistan region and Iraq to use Bmsttmaren from Turkey and neighboring countries, and said, "If we want to develop our economy in Iraq and the region should attract investors from developed countries such as Japan, Korea and Germany because these countries are able to build a real investment opportunities such as the establishment of plants for the auto industry just as we see that the majority of investors are investment projects in the residential sector and local investors able to do so we have to attract investors from economically developed countries in order to evolve just like them. "

Mention that this conference has addressed several themes, such as how the evolution of fiscal policy and improve the development of the banking sector and the investment side in order to develop economic activity in Iraq in light of the challenges they face as a result of policy changes in the region.


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