Experts: a market economy to achieve comprehensive development

Experts: a market economy to achieve comprehensive development


4/28/2014 0:00

They stressed the need to adopt an integrated approach to reform
BAGHDAD - Shkran Fatlawi
Stressed experts, researchers and specialists in economic affairs on the need to find appropriate solutions to bring out the Iraqi economy from the problems experienced by, and addressing structural imbalance in the legislation relating to this side and that caused the events of a lot of Alarbakat of the most important performance degradation in the implementation of projects and underdevelopment across the country, came During the seminar, held by the extended "the progress of the Institute of Policy Development and attended by" morning ".
President of the Institute for the progress of development policies, Dr. Mehdi al-Hafez said that the economy in the post-change in 2003 and the subsequent reform which did not achieve the basic goal of the change process, which resulted in the continuation of the proceeds of the oil industry to play a role in the directed and leader of the key economic events
Market economy
He pointed out that the overall development lies in a market economy, which combines the state administration and the market are paired and this is what poses to be a reference guideline and practical performance of the desired economic an approach that supports the development of the private sector and make it a leading real national economy and provides potential diversification destruction.
Implementation of projects
Hafiz said that the importance of the integrated reform, which aims to protect the state's resources and control the implementation of projects and economic plans properly, pointing out that the facts indicate that the level of implementation has fallen.
He noted that the fiscal and monetary policy are the other needs to be fixed through the importance of restraint by past agreements between the Ministry of Finance and the Central Bank of Iraq in 2006, which was aimed at restructuring the banking sector, the government of Bmusrfa Rafidain and Rasheed and settlement budgets and building healthy relationships with private banks own and remove all obstacles for by creating a sound environment for their work and repair the infrastructure of banks, and a commitment to oversight and registration of credit and guarantees necessary frameworks and financial auditing and accounting.
Adoption of the budget
As indicated, Director General of Trade Bank of Iraq Hamdiya dry in her presentation that there is a reluctance in the projects attributed the reason to the delay in approving the budget in the first place as well as a corporate incompetent, pointing to the need for the entry of foreign companies discreet to Iraq and to facilitate action against these companies.
(3) million housing units
She called dry necessity to hold the reforms required by the assignment of projects to companies sober relying on standard sobriety, efficiency and similar works as well as the activation of the construction industry to provide raw materials for construction, especially in the area of housing, because the country needs to more than 3 million housing units, she said .

Experiences of university
Invited the professor of sociology at the University of Baghdad, Dr. Fawzia Al-Attiyah to create a state of coordination between the university and government institutions in order to benefit from the experience and university research and studies as well as learn from the experiences of other countries and the preservation of human wealth.
The private sector
Banking expert Dr. Ali Al-Shalabi said there are calls to move towards a market economy, but the reality of the situation is still the public sector is in control of the levers of the economy process of import is done by institutions, not by the private sector, pointing out that the latter is unable to perform the role required in the absence of Support for this sector and the migration of capital.


[You must be registered and logged in to see this link.]