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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


    IRAQ HOLDS A CONFERENCE TO INVEST HUMAN RESOURCES AND MOVE THE LABOR MARKET TO MOVE THE ECONOMY TO A

    Rocky
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    • Post n°1

    IRAQ HOLDS A CONFERENCE TO INVEST HUMAN RESOURCES AND MOVE THE LABOR MARKET TO MOVE THE ECONOMY TO A Empty IRAQ HOLDS A CONFERENCE TO INVEST HUMAN RESOURCES AND MOVE THE LABOR MARKET TO MOVE THE ECONOMY TO A

    Post by Rocky Tue 29 Jun 2021, 12:39 pm

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    Economie

    [size=38]IRAQ HOLDS A CONFERENCE TO INVEST HUMAN RESOURCES AND MOVE THE LABOR MARKET TO MOVE THE ECONOMY TO A NEW STAGE[/size]




    Today, Monday, Minister of Finance, Ali Abdul-Amir Allawi, explained the positives of the decision to devalue the national currency on the national economy, while the head of the National Prestige for Investment, Suha Al-Najjar, confirmed that she is supportive of investment efforts that want to enter the Iraqi labor market.
    This came during the influential organized by Frontier Exchange International, followed by the "National News Center", where the conference was opened by Deputy Prime Minister and Minister of Finance Ali Abdul-Amir Allawi, who spoke about "the Iraqi economy and the kinks that the country suffers from that have been rooted for some time, and the importance of moving towards the right directions." He referred to the “positives of the decision to devalue the national currency on the national economy.”
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    He stated, "The importance of the white paper and the mechanisms it came with that we can consider as a prescription for the diseases of the national economy."
    For her part, head of the National Prestige for Investment, Suha Al-Najjar, said that "investment is an absolute necessity to develop the reality of the national economy and move it to a better stage," noting that "the commission is supportive of investment efforts that want to enter the Iraqi labor market."
    While the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf, said, “The issue of the reconstruction of Iraq began to be planned immediately after the end of the war, as the first preparatory meeting was held in New York, during which the United Nations, the World Bank, the International Monetary Fund and the Iraqi side identified the main sectors involved in reconstruction, including education. Health, transportation, transportation and electricity, in addition to many other international conferences devoted to reconstruction, which were held in Japan, China, Spain, Belgium, Egypt, Kuwait and other Arab countries, leading to the white paper recently approved by the Iraqi Council of Ministers, in its first parts. And the second, which constitutes an ambitious economic reform program for a period of 3-5 years, as this white paper was officially supported by the (International Iraq Contact Group IECG), which includes the seven countries 7G, ​​the European Union, the World Bank and the International Monetary Fund.”
    Khalaf cautioned that "this international group will have a direct role in the institutional governance of this white paper and the implementation of its 64 strategic projects, as the white paper identified with unprecedented clarity the roots of structural problems in the Iraqi economy, and recognized that the most important of these problems is the expansion of the state's role in managing the Iraqi economy. Which caused great damage to the private sector and reduced a cycle in the development process, in addition to other structural problems, including the rentier economy methodology, almost free services for electricity and water, population pressures and the state employee’s salary bill.”
    He added, "According to estimates issued by the joint report of the World Bank and the United Nations and a number of independent Iraqi experts, Iraq needs between 88 and 100 billion dollars to implement reconstruction projects, and in our opinion, representatives of part of the national economy, whatever the cost we are able to bear, because we have Huge potentials of financial, material and human resources, but we failed to invest or exploit these capabilities properly. We believe that Iraq is able to finance development if there is a conscious management of the economy.”
    Khalaf explained that "the responsibility for rebuilding the state is the responsibility of both the public and private sectors," noting, "I am interested here to address the banking aspect and its role in the process of rebuilding Iraq, as you know, the Iraqi banking sector always constitutes one of the main levers to support the Iraqi economy."
    He extended his greetings to the Central Bank of Iraq and Governor Mustafa Ghaleb, and to all Iraqi banking leaders, who efficiently faced local challenges, and contributed to strengthening and supporting the national economy and sustainable development.
    He pointed out that "the International Development Bank, which had an active and positive contribution to the process of rebuilding Iraq by financing a wide range of huge projects in various economic sectors, as the volume of monetary and non-cash credit financing provided by the Iraqi public and private banking sector for major projects and companies and to The housing sector and small and medium-sized companies exceeded $30 billion, of which the share of private banks was about 28%, and we in the International Development Bank had an active role in these financing operations, playing a prominent role in launching the principles of financial inclusion to achieve one of the goals of sustainable development and work to transform Iraq To a country less dependent on cash and switching to electronic payment operations, which contributed to raising the efficiency of the banking sector’s performance, and to achieving the optimal monetary policy in Iraq.”
    Khalaf stressed that "our sponsorship of this conference confirms our interest in the reconstruction process of Iraq and a sense of our national responsibility and duty in this context, as we were keen to continue investing in human capital and infrastructure, applying the best available banking industry techniques, and providing the latest electronic banking services to individuals and Companies with high quality and widely. Our interest was not only limited to the banking aspect, but we had a broad strategic vision for the future, as we worked to establish a group of different institutions such as insurance, contracting, industry, investment, real estate development and information technology.”
    And he continued, as part of the (duty) of national responsibility, “I appeal to all distinguished Iraqi businessmen at home and abroad to participate in the development of the private sector to enable it to assume an important role in the responsibility of reconstruction and to play a greater role in the economic arena and to supply the necessary supplies for everything the country needs, to reflect The real potential in Iraqi society and the attraction of national immigrant capabilities to rebuild the country.
    For his part, the representative of Frontier Exchange, Ahmed Al-Jader, stressed that "the volume of international participation in the conference by major international companies reflects the importance of the Iraqi market for international companies, as it is keen to be present in the economic forums organized inside Iraq."
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