Economic performance in the development of Iraq did not materialize and the time lost a lot from him
26/08/2014 (00:01 pm)
Mohammad Reza Sinan Shabibi
In the economy we face an economic problem at the individual level and at the community level. The problem is that these multiple needs, and resources for these needs is limited. Because resources are limited, we must choose needs that must be saturation. Iraq must satisfy the needs of social and economic but many resources, whether financial or human negatively affected by war and the siege and the loss of opportunities for growth .oadh that Iraq has become a facing problem to choose among the needs which are in fact represent economic objectives in different sectors at home and abroad.
The circumstances of evolution and the big problems worked to narrow the choices I greet you find it difficult to identify these choices, and that should satisfy the needs of the shortest time possible because of missed opportunities on the individual and the Iraqi society. This means that the time is considered an important economic variable, and therefore is reduced to a primary goal.
On this basis, the economy should grow at a rapid pace and the Iraqi depending on Mayati:
- To be efficiency in the allocation of resources, high production, using the methods of the market in determining that except for projects that carry a social nature, where government plays an important role in this area. Also, the state played an important role in the early stages of growth as a driving force for the development process.
- That are characterized by savings and investment rates, including a rise of foreign investment and until it is activated it must be realized that the country's high degree of economic and social stability and political.
- The states that want to enjoy rapid growth must be to have a high flexibility in receiving and conditioning of new technology and cutting-edge.
These characteristics must be available in order to achieve a time of rapid economic growth, which is faster. These characteristics require the development of an enabling environment in order to proceed, and what the most important characteristic of this environment is to provide economic and political stability. In terms of the economic environment, it is playing by the monetary policy and the central bank an important role on the grounds that his main goal, and the first is to achieve economic stability based on the achievement of price stability and financial stability, which is essential for financial intermediation and creating a stable environment in this area.
It is clear that the reasons for the failure of the Iraqi economy is its inability to implement projects of national development plans and the predominance of ideological frameworks and the impact on the formulation and implementation of plans. It was one of the most important reasons for the low total production in general, and the conditions of war and the siege was one of the main reasons to be in Iraq's external debt at the beginning of the eighties of the last century and the impact on the future development of the country. We have focused the previous administration of the Bank and the Ministry of Finance to address the debt to achieve economic stability. Although the treatment of debt in its character developmentally except that the main objective of this treatment is to relieve the burden on the balance of payments.
In this area has been an agreement in the Paris Club debt (by Finance Minister Adel Abdul-Mahdi), which paved the way for contract agreements with the International Monetary Fund.
The Iraqi debt, which was presented to the Paris Club amounted to 120 billion dollars in January of 2004 the club has decided to drop the 80% of them. This is the highest percentage obtained by the city-state middle-income countries such as Iraq. The reduction ratio or high projection this grant for low-income developing countries. On the other hand, the stages of cancellation may were in line on the whole with the various programs of the IMF, Valelghae first was 30% at the signing of the Paris Club agreement in November 2004 and the abolition of the second, which reached 30% also was in the January 23, 2005 when an agreement was signed SBA with the Fund. The abolition of the third and final which amounted to 20% has coincided with the Convention to prepare the second with the Fund in November 2008, and so there is a close correlation between the Convention on the International Monetary Fund and the Paris Club agreements, success in the negotiations with the Fund requires to be negotiating very well in the Paris Club.
With regard to the characteristics of the Fund's programs, which began in September of 2004 and the Convention on the standby credit expired in 2011, they have contributed to the lifting of restrictions on trade and payments as they focused on the stability of the exchange rate did not allow multiple exchange rates. In order to stabilize the exchange rate policy, the key is that the interview take place every demand for foreign currency in the case of insufficient foreign currency reserves, and if were not enough foreign currency, the dinar exchange rate will fall.
Although the central bank has achieved great success in the stability of the exchange rate which is the main goal, but the rest of the sectors of the economy did not benefit from the stability, provided by the Bank and this product is not a problem for the central bank, but the problem is the susceptibility of investment in the private sector. The banks that received the foreign currency were not active enough in lending. But used the funds in the deposit abroad where adequate security is not available at home.
The central bank has succeeded in the process of providing foreign currency but the economy as a whole has been unable to invest these positive achievements due to the difficulty of economic decision-making and the reluctance to implement the projects. This delays both in decision-making or implementation led to the obstruction of development, which in turn led to the loss of time for the community and the complexity of the development process and increase their costs and on this we can say that at the time succeeded in the financial sector, the real sector has not received similar success.
Thus, compared to the relative success in the financial sector, the efficiency in the implementation of projects on the physical level was limited only to the loss of Iraq also resulted from wars and economic blockade, it is added to the instability and security collapses after 2003.
The time which resulted in lost productivity to be on the low level of the economy in general, the world is adopting new methods of Iraq was not able to keep up. Even after 2003, we lost more than ten years have not been achieved, especially where real development because of political instability. Thus, we passed the time became the cost of reconstruction and development, which is the biggest missed opportunities in the development of many of Iraq. When it is clear to us that the time is limited, the productivity and efficiency gains very great importance to achieve our goals of social and economic. You may clear to us that the time available indefinitely, but when compared to the goals we want to attain it, it certainly remains limited. The lag in the implementation of development projects and increases the time that we need, which is contributing to the slowdown in growth rates.
It is important to accommodate the importance of time, particularly as the previous period has been lost in terms of economic and productivity, and we now need to greater efforts and higher efficiency. At a time when they recorded Japan and Germany, a big jump over the past decade after the Second World War, we see that the past similar for Iraq marked the delay, which will increase the cost of development. As the reason for the delay in growth due to political factors, because of political instability and economic factors due to delayed implementation of investment programs.
[You must be registered and logged in to see this link.]
--
26/08/2014 (00:01 pm)
Mohammad Reza Sinan Shabibi
In the economy we face an economic problem at the individual level and at the community level. The problem is that these multiple needs, and resources for these needs is limited. Because resources are limited, we must choose needs that must be saturation. Iraq must satisfy the needs of social and economic but many resources, whether financial or human negatively affected by war and the siege and the loss of opportunities for growth .oadh that Iraq has become a facing problem to choose among the needs which are in fact represent economic objectives in different sectors at home and abroad.
The circumstances of evolution and the big problems worked to narrow the choices I greet you find it difficult to identify these choices, and that should satisfy the needs of the shortest time possible because of missed opportunities on the individual and the Iraqi society. This means that the time is considered an important economic variable, and therefore is reduced to a primary goal.
On this basis, the economy should grow at a rapid pace and the Iraqi depending on Mayati:
- To be efficiency in the allocation of resources, high production, using the methods of the market in determining that except for projects that carry a social nature, where government plays an important role in this area. Also, the state played an important role in the early stages of growth as a driving force for the development process.
- That are characterized by savings and investment rates, including a rise of foreign investment and until it is activated it must be realized that the country's high degree of economic and social stability and political.
- The states that want to enjoy rapid growth must be to have a high flexibility in receiving and conditioning of new technology and cutting-edge.
These characteristics must be available in order to achieve a time of rapid economic growth, which is faster. These characteristics require the development of an enabling environment in order to proceed, and what the most important characteristic of this environment is to provide economic and political stability. In terms of the economic environment, it is playing by the monetary policy and the central bank an important role on the grounds that his main goal, and the first is to achieve economic stability based on the achievement of price stability and financial stability, which is essential for financial intermediation and creating a stable environment in this area.
It is clear that the reasons for the failure of the Iraqi economy is its inability to implement projects of national development plans and the predominance of ideological frameworks and the impact on the formulation and implementation of plans. It was one of the most important reasons for the low total production in general, and the conditions of war and the siege was one of the main reasons to be in Iraq's external debt at the beginning of the eighties of the last century and the impact on the future development of the country. We have focused the previous administration of the Bank and the Ministry of Finance to address the debt to achieve economic stability. Although the treatment of debt in its character developmentally except that the main objective of this treatment is to relieve the burden on the balance of payments.
In this area has been an agreement in the Paris Club debt (by Finance Minister Adel Abdul-Mahdi), which paved the way for contract agreements with the International Monetary Fund.
The Iraqi debt, which was presented to the Paris Club amounted to 120 billion dollars in January of 2004 the club has decided to drop the 80% of them. This is the highest percentage obtained by the city-state middle-income countries such as Iraq. The reduction ratio or high projection this grant for low-income developing countries. On the other hand, the stages of cancellation may were in line on the whole with the various programs of the IMF, Valelghae first was 30% at the signing of the Paris Club agreement in November 2004 and the abolition of the second, which reached 30% also was in the January 23, 2005 when an agreement was signed SBA with the Fund. The abolition of the third and final which amounted to 20% has coincided with the Convention to prepare the second with the Fund in November 2008, and so there is a close correlation between the Convention on the International Monetary Fund and the Paris Club agreements, success in the negotiations with the Fund requires to be negotiating very well in the Paris Club.
With regard to the characteristics of the Fund's programs, which began in September of 2004 and the Convention on the standby credit expired in 2011, they have contributed to the lifting of restrictions on trade and payments as they focused on the stability of the exchange rate did not allow multiple exchange rates. In order to stabilize the exchange rate policy, the key is that the interview take place every demand for foreign currency in the case of insufficient foreign currency reserves, and if were not enough foreign currency, the dinar exchange rate will fall.
Although the central bank has achieved great success in the stability of the exchange rate which is the main goal, but the rest of the sectors of the economy did not benefit from the stability, provided by the Bank and this product is not a problem for the central bank, but the problem is the susceptibility of investment in the private sector. The banks that received the foreign currency were not active enough in lending. But used the funds in the deposit abroad where adequate security is not available at home.
The central bank has succeeded in the process of providing foreign currency but the economy as a whole has been unable to invest these positive achievements due to the difficulty of economic decision-making and the reluctance to implement the projects. This delays both in decision-making or implementation led to the obstruction of development, which in turn led to the loss of time for the community and the complexity of the development process and increase their costs and on this we can say that at the time succeeded in the financial sector, the real sector has not received similar success.
Thus, compared to the relative success in the financial sector, the efficiency in the implementation of projects on the physical level was limited only to the loss of Iraq also resulted from wars and economic blockade, it is added to the instability and security collapses after 2003.
The time which resulted in lost productivity to be on the low level of the economy in general, the world is adopting new methods of Iraq was not able to keep up. Even after 2003, we lost more than ten years have not been achieved, especially where real development because of political instability. Thus, we passed the time became the cost of reconstruction and development, which is the biggest missed opportunities in the development of many of Iraq. When it is clear to us that the time is limited, the productivity and efficiency gains very great importance to achieve our goals of social and economic. You may clear to us that the time available indefinitely, but when compared to the goals we want to attain it, it certainly remains limited. The lag in the implementation of development projects and increases the time that we need, which is contributing to the slowdown in growth rates.
It is important to accommodate the importance of time, particularly as the previous period has been lost in terms of economic and productivity, and we now need to greater efforts and higher efficiency. At a time when they recorded Japan and Germany, a big jump over the past decade after the Second World War, we see that the past similar for Iraq marked the delay, which will increase the cost of development. As the reason for the delay in growth due to political factors, because of political instability and economic factors due to delayed implementation of investment programs.
[You must be registered and logged in to see this link.]
--
» utube 9/5/24 MM&C Iraq Dinar-#Iraqidinar-Advanced Global Results-Money Movement Globally-Central B
» A large ministerial delegation will visit the region tomorrow to discuss crucial files and issue imp
» Iraq's Judiciary Under Fire: An Organized Campaign Threatens the Fortress of Justice
» The Ministry of Interior reveals to Al-Maalouma international coordination to pursue drug smugglers
» Central Bank of Iraq records more than $1 billion in currency sales in a week
» Al-Sudani launches executive works on 3 combined cycle projects in the electricity sector
» We monitored the financial allocations to develop all sectors.. Al-Sudani: The energy file represent
» Absent for (10) months.. Parliament fails to decide on the position of "President"
» Iraq's losses amount to $19 billion due to the suspension of oil exports.. Crisis in restarting the
» Minister of Electricity: Operation of the Iraqi-Gulf energy connection will be at the end of the yea
» Al-Sudani announces reaching final understandings to implement a project to produce 10,000 megawatts
» Is Iraq heading towards a salary crisis? An economic expert explains!
» Minister of Justice follows up on digital transformation steps in the ministry
» After "transgressing" the legislative authority, MP Hassan Al-Khafaji is threatened with the withdra
» Alsumaria's most prominent files in the afternoon bulletin: the withdrawal of the international coal
» Court of the Century: Courage in the Shadow of Silence
» US Institute: Washington must stop exchanging intelligence with Baghdad after eavesdropping scandal
» MP: Foreign interference in personal status law is unacceptable
» Bad news for employees in Iraq.. A salary crisis is looming
» During a month.. The Iraqi Stock Exchange trades 67 billion shares worth 43 billion dinars
» Iraq announces increase in investment volume to $69 billion in a year and a half
» The truth about stopping the payment of salaries of 7 thousand Peshmerga members
» Trump Family Cryptocurrency Project Promises to 'Ensure US Dollar Dominance'
» Within 6 months.. Jordan exports 37 gigawatts of electricity to Iraq
» Completion of drilling the first multi-section oil well in Baghdad
» Civil Status, Residence and Passports: Electronic Passport Factory to be Opened in Baghdad
» The Ministerial Council for Economy announces holding its next session in the Kurdistan Region
» A slight decrease in the dollar exchange rates in Baghdad, Basra and Erbil
» Interior: More than 40 million Iraqis have obtained the unified national card
» Protected by "influential parties" or "paying bribes" .. "unlicensed" stores selling alcoholic bever
» US efforts to combat air pollution in Iraq
» Employee salaries will be delayed and may be reduced.. Iraq enters the danger zone due to oil - Urge
» A spiral of crises threatens the Iraqi political system... “The trend of surprises” may topple the p
» Faw Grand Port: Iraq’s Gateway to the World Prepares for Takeoff Despite Challenges
» Al-Maliki: The repercussions of encroachment on the judiciary may be more dangerous than terrorism!
» Sand warns: The next strike against Al-Sudani is because of one of the ministers
» A "cold war" between Al-Sudani and Al-Maliki before a hot election year
» Iraq to introduce solar energy system to homes soon
» Dohuk Governor discusses with Turkish Ambassador to Baghdad developing trade exchange between Erbil
» Warnings against increasing MPs’ salaries: It may negatively affect the Iraqi economy
» A vital project in Kirkuk to transform wastewater and rainwater into sustainable agricultural wealth
» The repercussions of the “theft of the century” in Iraq.. Al-Maliki defends the judiciary and Al-Hak
» Parliamentarian warns: Iraq will enter a civil war in this case
» Members of Congress: Iranian oil is sold under the name of Iraqi oil!
» Industry launches new investment opportunities for various sectors
» Spokesman for the Commander-in-Chief: Iraq continues to build its air capabilities in a way that sec
» Iranian President to visit Baghdad in mid-September
» What is the agreement that took place between Iraq and America?
» Prime Minister Mohammed Shia al-Sudani visits the South Baghdad Power Plant,
» Iraq announces 100% completion of development road designs
» Faw Port's berths exceed 98%, accommodating five giant ships at the same time
» Parliamentary Committee Denies Al-Sudani Advisor’s Statements on Railway Project: We Will Blow Up Yo
» Will the US withdrawal schedule from Iraq begin? The Pentagon refutes the story
» Finance will suffer.. What does the drop in the price of a barrel of Iraqi oil to $70 mean?
» Who is responsible for the fluctuation of the dollar price?
» Paper nationality leaves the scene.. 93% of Iraqis now have a unified card
» Passing the investment law within two weeks.. What are the positives?
» utube 9/4/24 MM&C Iraq Dinar- #iraqidinar -#xrp -Global Partnerships-Security-Stability-Economic-Co
» The theft of the century has mixed up its cards and its rope has been lost in its arrows
» Members of Congress: Iranian oil is sold under the name of Iraqi oil!
» With simple interest.. Agriculture announces the imminent launch of loans for farmers
» Chairman of the Integrity Commission: We are determined to draw up a six-year strategy to combat cor
» Türkiye: Iraq's progress in combating terrorism is not enough
» Transparency: Sulaymaniyah and Halabja imports during one week amounted to more than 11 billion dina
» Mr. Al-Hakim: We hope for a quick decision on the presidency of Parliament, and we must resort to th
» Minister of Resources reveals the size of Iraq's water reserves
» Parliamentary Services reveals the percentage of completed projects compared to those that have been
» Will the drop in oil affect salaries? An economist warns
» Commander-in-Chief spokesman: Iraq has achieved advanced levels in installing radars and air defense
» Spy network in Sudani office embarrasses government
» See the losses incurred by Iraq due to the region's oil smuggling
» MP holds the Ministry of Foreign Affairs responsible for legal violations in the mechanism for issui
» MP notes on service projects in 6 Baghdad districts
» Jenin Municipality: We have started moving to rebuild the city and the camp, and the government will
» Iraq's North Gas Company increases its production of "liquid" and sulfur
» Chairman of the Integrity Commission: We are determined to draw up a six-year strategy to combat cor
» Washington: We provided financial and technical assistance to 17 companies to enhance agricultural p
» Prime Minister chairs special meeting on electricity sector
» A country neighboring Iraq loses 7.6 hectares of agricultural land daily
» Parliamentary detail on the effects of falling oil prices on the budget
» During 2024.. Northern Gas Production to Increase to More Than 2000 Million Feet
» Basra Council votes on all projects within the 2024 plan
» Iraq announces reduction of oil exports to 3.3 million barrels per day
» Al-Sudani directs to quickly complete the file of appointing holders of higher degrees and top stude
» Is Iraq on its way to becoming an Islamic state? Analysis of the political and religious future
» The Iraqi judiciary... the impregnable fortress of the people and the state
» Crises and events await Iraq if Trump wins, and the reason is "Iran's influence"
» Sami Specter in Kurdistan Tomorrow.. These are the files that will be discussed
» "Third Nationalism" angry with Kirkuk government: We do not believe in political custom and will not
» MP identifies positives of minority law, confirms parliamentary support for its passage - Urgent
» Economist to Al-Zawraa: Iraq needs to sell oil at $96 to cover the budget
» “Drawing the future of technology”.. Iraq intends to launch a satellite at a cost of 30 million doll
» Iraq steps up efforts to double non-oil revenues
» Bakhtiar Haji visits the Ministry of Finance and Economy
» Masrour Barzani: Kurdistan will remain a home for coexistence between different nationalities and re
» Faw Port is approaching launch... but what are the challenges?
» As the Kurdistan Parliament elections approach, the differences between the two ruling parties “esca
» As the Kurdistan Parliament elections approach, the differences between the two ruling parties “esca