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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


    The Sudanese government program is a transition from stagnation to movement

    Rocky
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    • Post n°1

    The Sudanese government program is a transition from stagnation to movement Empty The Sudanese government program is a transition from stagnation to movement

    Post by Rocky Thu 13 Apr 2023, 5:01 am

    The Sudanese government program is a transition from stagnation to movement

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    Dr.. Haitham Hamid Mutlaq Al-Mansour    
    After the formation of the new government and its success in maintaining security and social peace and keeping Iraq away from chaos and internal strife, it is once again seeking to impose law, build the state and reform the economy by adopting an approach that targets movement as an alternative to stagnation.
    The recent steps taken by His Excellency the Prime Minister, Mr. Mohamed Shia’a Al-Sudani, towards moving the economy out of the stagnation that has accumulated in the short and medium term, especially in the joints of the monetary and financial policy with a vital dimension, the aim of which was to evaluate the course of management and performance through an economic vision that targets stability and growth, what are There is no clear evidence of the approach through which the government is addressing imbalances and correcting errors.
    Therefore, the government has exercised in the aforementioned sectors, since the end of January of this year, its role in supporting stability and curbing inflation in accordance with the financial and monetary measures of the Central Bank to increase the flexibility of supplying the dollar window, whether in banking, by using control tools and internal and external cooperation to combat money laundering activities through The electronic platform and other banking reforms, as well as supportive tax reforms taken by the Ministry of Finance to facilitate import operations and strengthen control at border crossings.
     This explains the flexibility that facilitated the movement of external transfers to finance imports and other economic activities and mitigated the sharp rise in the dollar exchange rate. For one dollar after it crossed the threshold of 1600 dinars much at the time of the crisis, and it is expected that the effectiveness of these procedures and control processes will continue to correct the mistakes of monetary policy that the previous government made, and then reach the exchange rate of the dinar at the target, which is 1350 dinars per dollar, which in turn can achieve Price stability increases the real value of the dinar and keeps economic activity away from the negative effects of high levels of inflation, in the short and medium term.
    The government's restoration of its ability to implement the law in many sectors, in addition to the financial and monetary sector, represents a strategic act within the framework of a stable financial climate that promotes investment that leads to stability and stimulates growth, which are targeted by the government program. Rentier, that phenomenon that works to divert the direction of the output of economic activity out of the economy, which perpetuates the distortion of the growth of national capital in favor of the increasing government fiscal deficit, high pressures on public spending, inflation levels, and the erosion of purchasing power. Growth and investment, as the import movement is witnessing a significant increase with neighboring countries and others to secure the requirements of life with various goods and services to compensate for the sharp decline in the non-rentier gross domestic product, especially for the private sector at the industrial, agricultural and service levels, whichIt weakens capital accumulation, including the limited funds allocated for investment and its economic ineffectiveness.
    Therefore, we believe that the condition of adequacy of the economic program of the current government must proceed from the treatment of the economy's rents and proceed with reforming the imbalance in its general structure, through the development of the real and commodity sector through short-, medium- and long-term industrial, agricultural and commercial policies that seek to reduce imports in favor of subsidizing And stimulating the growth of the productive sector in the various sectors of important projects of public interest, which could be based on development partnership contracts in foreign investment towards many leading countries in this field, such as China, Germany, France, and others.

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    Added 04/12/2023 - 3:55 PM


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