********* Corporate restructuring and privatization of investigating economic advancement

Author: morning

11/18/2014 0:00

Experiments have preceded us to go beyond the transitional phase


  BAGHDAD - Hussein al-Tamimi Tgb




As the votes continue to claim to work towards sustainable development, still search for solutions to the structural and structural imbalances in the economy continues, through experts and researchers involved in economic affairs and who have a role in determining the Iraqi economy and the paths to any approved walking.
Economist Samir Nasiri said that "the process of economic recovery requires a campaign to save all the productive and service sectors," pointing out that "all painted her strategies and initiatives, but the reality of the situation did not indicates significant positive results over the years, despite the efforts that have been made and comes why many considerations and complications planning, legislative and executive. "
                                                                 

Without specifications

  He said it had an impact on the infrastructure, technical and structural economy is reflected in many cases, the services, food, medicine and consumer materials and semi-essential, and dominated the market materials and items from the origins of low and occupies the lowest grades at the level of the industrialized countries, and even Chinese origin van, which is currently imported from the without quality specifications, and less technical quality compared ladder industries in Chin.ofatt that many countries have gone through the same experience and exceeded the transitional phase in the economy quietly and smoothly and the mechanics of implementation are supported and the involvement of the public and private sectors and experts within the central goal is to move to a stable and free economy and the adoption of mechanisms and ways and procedures are clear for all to give a special and leading role of the private sector in the economic management of the wheel.

House Iraqi experience

He pointed to the possibility of achieving this in overcoming imbalances structures central radical and instructions economic policies, inadequate, and I think that it can be reached to propose the founding body (the house of an Iraqi experience) independent of the Department of Economic Affairs, which consists of 50 percent of government experts and 50 percent of the private sector and be this body with an advisory capacity and planning associated with practically independent and the Council of Ministers and will be headed by a deputy prime minister.
And Alnasiri stressed the importance of the given recommendations ratification of the Council of Ministers to be bound implementation of all state ministries and institutions that are representatives of government experts Specification (craft and Specialization and experience accumulated in all the episodes of the economy both "and competence (agriculture, industry, energy, water resources, trade, financial and monetary), pointing out that the sector represents private by specialists, researchers and businessmen, experts in the various disciplines.

Stable economy

It was suggested to be one of the most important functions of body (house experience) the proposed development of mechanisms and contexts, instructions and reconsider legislation to move the economy from its current state hybrid to a stable economy works the mechanics of the market economy and to achieve national development of Iraq until 2017 and in harmony with strategies five-year plan for the years (2013, 2017) and is consistent with paragraphs (a, b, c, d of the Third "to encourage a shift towards the private sector) from the government program for the new government and between Alnasiri importance of industry restructuring state-owned and the shift towards the private sector and the provision of the necessary infrastructure and the advancement of the agricultural production, livestock, as well as the development of banking and commerce areas, pointing to the possibility of considering the stage of the next four years to install the proper construction of the foundations of all the episodes of the economy as well as the development of plans and foundations, mechanisms and operational requirements, and special programs to support and encourage the private sector.
He stressed that the adoption of the new monetary policy and financial lead to comprehensive reform, and restructuring the financial and banking sector of Iraq with emphasis on the restructuring of the government banking sector, according to what was stated the memorandum signed with the World Bank, and the support of the private banking sector and strengthening of the existing potential, because without sound banking sector can not build a national economy sound .

Economic Cooperation

As that of its duties propose policies in all economic affairs, including aims to increase per capita income and raise the purchasing power and increase the national income, and draw economic cooperation with Arab and foreign countries policies, including staying balanced foreign economic relations, as well as agricultural and industrial development and the development of policies for economic sectors and domestic trade status and external and securing water resources and the development of secure oil supplies and bypass projects and their impact on the economic situation of the electricity crisis.
He focused on the need to lay the foundations and mechanisms and propose solutions and treatments to overcome the deficit in public budgets until 2017, and activating the role of government-owned banks, specialized banks and private banks to provide soft loans to the private sector and the national as well as finding solutions to the problems of tax accrued benefits that resulted from the owners of the stalled for production projects and the development of policy solutions financial short and medium term.




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