Expert stresses the need for an economic conference of a national salvation

Expert stresses the need for an economic conference of a national salvation



6/19/2017 0:00

Baghdad / Farah pumice
Everyone knows that the economic situation in Iraq is currently going through a real crisis is the decline in key economic sectors, namely agricultural, industrial, service and commercial sector and Tlasqt with the economy status rentier where he saves what he earns from oil revenues on operating expenses only recover their needs without there being sums little can be directed to operations investment that requires the involvement of the private and public sector to promote it.
Development projects
economist Mohammad Ali Jaber said in an interview with «morning» that the reality of the Iraqi economy requires an economic court action plan drawn through the Conference : national salvation includes the parties concerned, namely the government, parliament , the private sector and the public in all its formations with the attribution of government and private banking sector for this effort , where is channel , which passes them money to development projects and draw strategic action begins accurate progress in the advancement of all sectors.
He added that the conference , which organizes this goal seeks to establish a current capable system to mobilize financial, domestic and international resources and re - allocated to the service of economic activity in order to achieve high rates and continue economic growth through modernization and the achievement of cash and all units of the financial sector, as well as the development based on a comprehensive economic plan on the basis of the process for the advancement of the different economic sectors in the country, especially productivity of the fact that the country lacks domestic product it depends primarily on the basis of external import as a result of the deterioration stopped treatment of agricultural projects. Possibilities available Jaber stressed the importance of attracting part of foreign investment flows, and the adoption of the use of technological means advanced communications and information, indicating the need to prepare in- depth studies on the possibilities available and available in non - oil activities and try to develop them to be possible to create alternatives in light of expectations confusedly oil prices , which did not exceed 60 dollars per barrel, as well as the need to prepare a long - term strategy takes into account the internal matters and alliances and external relations to serve as a road map for the future. Cover the shortfall and urged the support of the Iraqi market for securities activity and assigning the market attempts to cover the shortage of liquidity by activating bring in capital from investors in regional and foreign countries, and the involvement of private banks and the Association of Iraqi banks, as well as government banks in this conference and to benefit from their experience in the case of banking because it is the banking sector , which is the basic tool of investment tools and that any investment relationship established with the Arab and foreign countries start by banks. Jaber stressed that the funding represents a rapid engine to cope with the current situation which needs to be real constructive cooperation between the ministries and all government institutions, particularly the Iraqi Central Bank and Ministry of Finance to be able to access the national economy from the crisis.

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