Specialists: Iraq possesses a strong market economy but corruption and mismanagement shackle develop

[ltr]Specialists: Iraq possesses a strong market economy but corruption and mismanagement shackle development[/ltr]



 Since 22/02/2017 16:44 pm (Baghdad time)

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[ltr]BAGHDAD - A special[/ltr]
[ltr]Still fighting against al Daesh terrorist, which is controlled only to a few parts in Iraq continues, and in exchange for the victories achieved by the Iraqi security forces in their battles against the organization, but the security situation is still bad markedly in most parts of Iraq, especially Baghdad, and increases the brunt of widespread corruption and lack of financial resources as well as poor infrastructure, which makes the possibility of international companies to come to Iraq and the introduction of funds to invest in any sector has a very difficult process, but it's not impossible.[/ltr]
[ltr]And former Minister of Communications Mohammed Allawi said that at the end of 2011 and beginning of 2012 when he was Minister for Communications came general manager of the Internet company engineer Majid Hamid proposal by the idea of ​​creating a high-tech Smart Village in simulation Smart Village project in Egypt.[/ltr]
[ltr]He adds Allawi said: "We discussed the matter and Blorena project what could serve the situation in Iraq and provides the necessary ground to create a safe environment and infrastructure developed in Baghdad to bring investors from Arab countries and non-Arab to find a foothold in Iraq and thinking seriously to invest in Iraq in various sectors."[/ltr]
[ltr]Allawi continues talking about that village, he says, "After the departure of US troops raised the topic on the government's proposal to build a sophisticated city with infrastructure very high efficiency, as is the case in many smart cities in the world, and provide the city a global accommodation and buildings of high specifications for offices and apartments entertainment events and the restaurants and cafes and the city sports clubs and shopping malls, exhibitions and commercial banks and the city of informational and other events Games. "[/ltr]
[ltr]He added that "as the distribution of land rents global oil companies major operating in Iraq symbolic to build centers of these companies in this city instead of the current positions in the UAE and Kuwait, as well as security companies and media organizations and international companies associated with effectively targeted the airport and airlines," he said, adding that "in the case of the construction of this city Vsaqubl hundreds of international investors who are afraid of the bad security situation in Iraq and in Baghdad, where the city will be adjacent to the airport there is the traveler needs to armored cars and expensive protections expressing regret for not implementing the ECQ. "[/ltr]
[ltr]For its part, announced the Ministry of Industry and Minerals Committee on Economic Affairs endorsement of several new resolutions during a meeting held in the presence of Minister Mohammed Xiaa Sudan in order to support the national industry.[/ltr]
[ltr]He pointed out a press release that "new decisions included emphasis on the Ministry of Electricity to buy my company and ur Diyala Unit of the Ministry of Industry products and prevent the entry of shoddy with origins plastic pipes, as well as agree to cancel oblige the Ministry of Health to refer the National their need and import of chronic medicines, antibiotics and new formulations on drugs Samarra company" pointing out that "this decision will contribute to increasing the size of the contracts of ten billion dinars to one hundred and thirty-two billion dinars a year."[/ltr]

[ltr]For his part, noted economist Dr. Abdul Hussein Al-Anbuge that "there are three actions that continue it will create a strategic errors on the macroeconomic level are difficult to avoid in the future it to continue to reduce employees' salaries more than the limits reached, because there are (7 million), a person salaried four of them employees and three retirees and a network of social protection, create spending accounts for more than 80% of total demand in the economy, and to continue the reduction means continuing to create a deflationary pressures become undesirable consequences after a while. "[/ltr]
[ltr]It seems that it is wrong to continue supporting the Iraqi dinar exchange rate to remain elevated crutch (inordinate), Anbuge says, and warns that "it runs counter to the national protection product and we have a productive device rickety and inelastic needs to motivate to work and become a production competitor and not vice versa, Besides that it will make us after a while we lose most of the Iraqi Central Bank reserves. "[/ltr]
[ltr]And it refers to the importance of "the progressive reduction of the dinar exchange rate to orbit remains within certain limits and not floating, which is not up to market forces (supply and demand) in full."[/ltr]
[ltr]Anbuge concluded by saying, "It is wrong continued expansion in borrowing, whether internal or external, because we're borrowing to support the general budget and bridging the deficit, and because the budget is mostly a consumer, we borrow to consume, how can we cope with the burden of public debt in the future, knowing that the price of oil will remain low through the next three years or only a relatively improved, and the entry of distributed elements and output fell for a deflationary pressures and not to the possibility of the state to fulfill its obligations towards the accumulated contractors for projects fully completed or completion rates varying. "[/ltr]
[ltr]Here it is shown that "it would be extremely difficult marketing of domestic public debt (government bonds to the public) and keeps external borrowing conditions for prisoners and recipes can not be met in the current of our situation even if the recipes are correct and reform."[/ltr]
[ltr]In Moish that the Ministry of Industry and Minerals has accused both internal and external views "unnamed", to work on the hit local industry and waste of hard currency in order to drain the national economy.[/ltr]
[ltr]According to a ministry statement, he said that "the ministry has adopted a clear and deliberate plan to revitalize the national industries and activating local production by relying on the Iraqi cranks of benevolent and loyal to the country and people with competence and experience accumulated, efficient and skilled."[/ltr]
[ltr]He added that "the ministry is working hard to supplying the local market with all the production of a national real real can be produced to be a substitute for imported," noting "the continued attempts by some internal and external actors and malevolent and users to hit the national industry and to resort to import and dumping unjustified for the domestic market in goods and imported goods and waste of currency difficult for the purpose of draining the Iraqi economy, and keep Iraq-consuming countries, even the most basic materials, such as (prayer mat) and a bottle of water and a pen to write, and others. "[/ltr]
[ltr]Calling on companies to "the need to begin a new phase in the work to build a truly national industry as much as possible and the advancement of the status of industrial hibernate experienced by the country over the past thirteen years."[/ltr]
[ltr]He pointed to "continue a campaign slogan (Made in Iraq) and to meet the challenges and conspiracies that hinder its steps and its plans for the development of the industrial reality in the country."[/ltr]
[ltr]He called on all ministries and state institutions and citizens to "the acquisition of national products and to support the local industry and dispense foreign imported to Iraq's industry to recover, in order to thwart all plots targeting the identity and prestige of this country and trying to sabotage the economy."[/ltr]
[ltr]While others considered that Iraq's economic importance in the world for many reasons, such as the availability of natural resources, opportunities and diversity and the ability of the human, and the diversity of the community fabric, but nonetheless did not find the calendar equitable right, typically what you find in the last lists Calendar by international organizations and equals a lot of countries that do not live up to half of the human and physical abilities and Altnzimih.anthy 29 / m n h[/ltr]




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