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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    See the economic reform and banking post «Daesh»

    Rocky
    Rocky
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    Posts : 267081
    Join date : 2012-12-21

    Daesh - See the economic reform and banking post «Daesh» Empty See the economic reform and banking post «Daesh»

    Post by Rocky Wed 19 Jul 2017, 5:57 pm

    See the economic reform and banking post «Daesh»


    Most countries, especially developing countries and Iraq, one of them based curricula and its economic thought, philosophy and ideology that believes in the political system is based on the economic, human and natural resources, infrastructure, structural, master available to the economy and strategic goals to be achieved for the welfare of society and to ensure the basic needs of the people that make him feel that its political system works for his service and build its future.

    But in light of the political, security and special economic conditions currently experienced by Iraq and in particular the suffering of the reality of economic turbulent financial crisis, which began to affect a clear impact on the obstruction of the implementation of the government's plans and the private sector to contribute to economic development, as the crisis causes the current and future implications because of the sudden drop of the prices oil in the global market and is the primary supplier of Iraq economically and which constitutes up to 60% of GDP and 95% of annual revenue in the general budget, and the failure to create a clear and poor planning new economic resources least Tsada and lack of coordination between the fiscal and monetary policies and the continuation of the deficit from one year to another in public budgets because of the lack of retention of cash precautions for the lack of the existence of a sovereign fund similar to other oil countries, In addition, confusion and economic vision in-depth backgrounds and the Iraqi economy rentier, and the migration of national capital abroad because of subjective and objective conditions above, which concerns us here is the Iraqi economy and what is new in it? What are the levels of development and underdevelopment in the basic episodes? What are the implications for sustainable development? What is our strategy economic post Daesh?

    In order to achieve this we propose the following:

    the general frame

    To draw a road map on the progress and strategic level to re-drafting of the new economic approach of Iraq, which supports mechanisms of transition to a market economy

    Activating the decisions reached by the Committees experience the problem in the Council of Ministers in 2015 for each economic sector holds the implementation of the roadmap for each economic sector and is subject to the implementation of these decisions for follow-up, monitoring and evaluation

    The formation of a joint legal committee to re-drafting and amending and issuing new laws that serve the implementation of the road map that is approved which all environmental laws governing legislative and manages the new Iraqi economy Bmenhjh.

    Drawing and the development of policies and mechanisms to ensure that the partnership between the public and private sector, and the involvement of the private sector in economic decision-making and management of the economy industry and the establishment of market leadership council of private sector representatives and its functions are as stated in the years of private sector development strategy (2013-2014).

    We proceed in that from a purely Iraqi experience is consistent with everything Iraqi Samimi in consciousness, culture, and work Savior bright and tomorrow that we see with eyes optimistic, and we are working according to the principle (disagree in politics and unites economy) because people can not be achieved well-being and happiness and future prosperous without a national economy solid contributes to construction of all, and the foundations of this building are available in Iraq.

    Economic reform and the banking methodology proposed:

    First, review, evaluation and re-structural and institutional system of the economy building

    According to the following:

    1. Establishment (Economic Council) that is linked to the Council of Ministers and the wide participation of government experts and the private sector equally, take the strategic planning of the economy and to identify operational policies and follow-up and monitoring of implementation shall be issued by law committed by the ministries and all institutions and sectors of the state and its decisions are binding effect after the cabinet approval . And it shall supervise and follow up the following national economic institutions:

    National Provident Fund (a).

    (B) The Supreme Committee for the import, export and investment.

    C - National Reconstruction Fund.

    D - Support Committee and the protection of national production.

    E - Commission for small and medium enterprise development.

    (F) Public Service Commission.

    Second, re-review and evaluation of the financial and monetary policies applications

    Although the Central Bank of Iraq to prepare and launch strategy for the years (2016-2020), which included the main objectives and sub to achieve financial stability and development of the banking system according to the mechanisms and new points of work, but that does not prevent the central bank's priorities, including the following:

    The Central Bank and Ministry of Finance analyzed the financial position of the current banks are expected for the years (2017-2020) and to determine the actual need for liquidity to sustain cash trading in the Iraqi market and stimulate the economic cycle in all areas, and develop a proactive plan to prevent bankruptcy and the collapse of some banks and sustain the banking wheel under the circumstances The current use of new tools and applications of monetary policy mechanisms.

    The current bank financing structure riddled with a lot of failures and obstacles, and in order to increase credit total financing from banks and activate their contribution to various aspects of investment and reconstruction and push the development process and move the economic cycle in Iraq, we see a serious reconsideration of the policy of lending and bank financing and activating maximize the financing of small projects as an essential step The intermediate goal of social and economic a special and urgent priority and that the Central Bank of Iraq and the role of supervisory oversight effectively.

    Amendment of economic legislation in Iraq, which regulates the economic and banking work to advance the reality of the economic and banking in particular the Central Bank Law No. 56 of 2004 and the Banking Law No. (94) of 2004 and the Law of Companies Registration No. 21 of 1997 and the law of the Iraq Stock Exchange No. 74 2004 investment Law (No. 13) of 2006 and the activation of the money laundering Act.

    Issuance of SMEs law-sized and small to help and create new employment opportunities and reduce poverty and destitution and contribute to the economic and social development plans and to reduce high unemployment, which exceeded 28% of the issuance of the Deposit Insurance Act and the credit guarantee and loans and the establishment of companies concerned.

    Activating the role of government banks and specialized banks and civil banks to provide soft loans to the private sector and the national as well as finding solutions to the problems of accumulated taxes and benefits resulting from the stalled production solutions for entrepreneurs.

    Revision of the instructions and implementing regulations and guidelines on the applications of monetary policy and the development of a proactive regulatory regime for accurate follow-up implementation and in particular with respect to the external transfer window and currency overseen by the Central Bank of Iraq and the development of new mechanisms in respect of external transfer and documentary credits, here we propose the establishment of the Bank for Foreign Trade with the task implementation of the curriculum for the private sector importation, which must be prepared by the Ministry of Commerce in the light of the consumer need for estimates.

    Securing legal and technical requirements for a twinning and wide-ranging between government banks and private banks on the one hand and between the international banks on the other hand, in order to develop the payments of the banking system, modernization and regulation of the financial and monetary where trading operations according to the latest modern electronic banking systems applied in the countries of the world.

    Review and evaluate and re-classification of banks in accordance with the performance standards of efficiency and activity approved the adoption of international standards that the process of review and evaluation certified neutral international accounting institutions and under the supervision of the Central Bank of Iraq.

    And the Central Bank to prepare an analytical study to review the reality of banks in the light of the results of its operations for the year 2015 until 31.12.2016 and making critical decisions Bhikltha and the integration of small-sized banks and weak activity with large and discreet banks in order to develop the private banking sector.

    To be a banking merger specific foundations and means to address the problems and obstacles to the work of the banking sector and its transition from the role of banking to the developmental role.


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