Saleh: some economic laws hastily prepared
5/12/2016 0:00
[rtl]Institute seminar in the progress of the development policies
BAGHDAD / Shokran Fatlawi
Diagnosis of the reality of the local market and the negative effects of which had been affected as a result of ill-considered decisions and the reasons for the decline in the economic development of Iraq and laid on the table of the Institute for the progress of the development policies, where the serial episode organized yesterday titled "US policy in Iraq connotations
And expectations "
economic laws
Director of the Institute d. Mehdi al - Hafez and former Secretary of Planning began symposium word about stations should stop with her in the path of the US - Iraqi relations since 2003
and the changes that have occurred in the process of building a new state , which were not in line with the aspirations of the core of the Iraqi people, adding Doralsaash US Giralmstqrh in Iraq that created confusions several reflected in the formulation of many of the laws, including the laws of economics and preparation of urgency and an ill -considered manner that Iraq is still suffering from its effects, where the shadow of theIraqi economy , in essence , economical Rieia entirely dependent on oil revenues , with the continuation of the public sector as a driving force for life economic there has been no change in the private sector and prepared to be a leading force in the
country.
State market
as financial advisor to the Prime Minister Dr. occur. the appearance of Mohammed Saleh , who has served as deputy central bank governor at the time, all the things that are still unresolved in the country about the market economy , saying:
Iraq after the change has moved from the so - called state of the individual to the so -called state market and focused thought at the time that Iraq must be part of theglobalization of the world and therefore the economy is supposed to be transformed from a totalitarian economy to an open economy , market economy, and remove the obstacles that have been developed as a result of the central system at the time and how polarized the country on a single commodity revenue sovereign oil is what made thetransition almost a big problem.
He noted the benefit that the state began to grow with the growing oil revenues and to eliminate the social problems and the transition to a market economy began operation in order to wealth returns distribution, as if oil revenues are distributed through over - the appointments and amplify the state apparatus and create a state big about five times thenumbers.
Activity powered
He noted that the economic activity of the state completely disrupted and based model is the 172 public company in which approximately 270 laboratory dependent activity with the exception of 40 supported by active state oil companies produce rely on state support, Maani said there Nhoncef million workers without production since 2003 to thepresent time , cost the country about 16 trillion dinars of debt is part of the public debt, and therefore a great device crashes huge numbers of about 4 and a half million employees ineffective and ineffective in the economy of the
country.
He added that the form of the market that began at the time, the civil administrator Paul Bremer period includes about 100 law, the majority position in the so - called B (liberal market), including the Central Bank Law , one of the best economic laws, the economy of an active market , where the outer Hrralthoil, as well as the free transfer of funds , established banking and financial system
huge.
Mali 's economy
and between the productive activity state holidays , as well as disruption of productive activity of the private sector and thus attracted the market a manner that prevents them to Mali 's economy with the liberation of the Central Bank of the philosophy of money management and trade liberalization and the abolition of customs in that period and has returned a distorted manner and therefore was uncontrolled borders and loose trade and money that one and this is the market economy
liberalism.
Salih noted that the foregoing has led to the development agenda of the country emptied of its contents, pointing out that the state acted large operating budget and the market for imported commercially linked with global globalization and thus is the consumer is thebasis of pointing out that all sectors attracted towards financial capitalism, including thecapitalist real estate in With real estate and soaring real estate prices , the crisis hasturned into a negative financial capital, as is the case with Iraq stock Exchange , which suffered from a fall in the overall stocks a reflection of what happened and continued inthis
format.
Market biogenic
favor of counting the markets regionalism being Mojtzih to regional markets withevidence that each market linked to a regional market , there are market linked to theGulf market and the market with Iran , and a market with Turkey and other Worse still, the market named "Trademark market", containing determine how each of the other iscalled "regional market biogenic" one of the worst kinds of markets led to sabotage development in a distorted manner, and therefore, all the foregoing led to the existence of problematic in the economic system, blended Titles and reflected on the shape of theeconomy Ftalt
development.
And positive trends between Saleh, said in 2003 at the Madrid conference , which washeld on 4 \ 10 \ 2003 where she pledges the United States at the time for thereconstruction of infrastructure in Iraq , where it contributed nearly 18 billion in grants or long - term loans, as well as assist in extinguishing Iraq 's debt Paris Club agreement byclicking on the 19 countries for a collective decision to write off 100 billion out of 125
billion.
The positive points other is Resolution 1483 on May 22, 2003 , which established thebank Dfl , one of the most important banks in the world 's oil receipts that put Iraq 'smoney under the three protections expense, not to mention the existence of two agreements Tamoalitin in 2016 , eight years after the United States renewed thepassage because of " Daesh "$ 2.7 billion in the form of equipping and training contracts in agreement with Iraq 's acceptance of this
agreement.
In terms of the World Bank , which contribute to the United States there are signals from the World Bank ceilings open for Iraq extends soft loans to 15 years and a very low interest rate for the purposes of urban and regional development in the areas
liberated. [/rtl]
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