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Mazhar Saleh: A government vision for building a modern economy
Economical 2023/07/12
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Baghdad: Al-Sabah,
the financial advisor to the Prime Minister, Muhammad Mazhar Salih, revealed a government vision to modernize the economic structure in accordance with steps that would support economic development, double employment rates, expand the contribution of real sectors to the domestic and gross domestic product, and diversify the national economy to serve the country.
Salih said in an interview with "Al-Sabah": "Iraq is moving towards modernizing economic life in accordance with the Prime Minister's vision in two basic directions. other than oil and gas, and the generation of added value chains through manufacturing processes on raw resources, and the creation of long value chains that each successive manufacturing stage adds to the same raw resource before exporting.
He added, "Iraq is the ninth country in the world in terms of the abundance of its natural resources," and that "managing such a technical model at an advanced technological level requires a law for economic reform, which will be discussed by Parliament in order to approve it in the interest of activating the macroeconomic approach in the best formulas that serve the economy." the National".
He pointed out that "the second trend is related to a national strategy that links the construction and development of infrastructure with economic, industrial, commercial and service activity through a broad national, regional and international strategy called (the path of development), which was announced by the Prime Minister, by making Iraq a pivotal country without a doubt in linking the national economy." with the surrounding regional and global economy,” noting that “this requires spreading important infrastructures such as spreading cross-border railways, and linking that to manufacturing activity in general through industrial cities or the first development model that we referred to and concerned with manufacturing raw resources for export.”
He explained, "Despite the foregoing, we find that the economic approach of the government of Prime Minister Muhammad Shia'a al-Sudani did not ignore the daily economic work and the country's strategic investment needs - as we indicated above - as it works with a new economic approach that can be called (the team spirit approach), and it is a coherent approach that works It is for the first time in our country, after it was absent from Iraq for many decades and decades due to the many crises and wars that the country went through.
The financial advisor to the Prime Minister said: “The results of the one-team government are working towards the success of achieving the goals that take two tracks in government work, the first is direct and short-term, and is represented by operating the stalled government services joints and under the field supervision of the Prime Minister who personally touches the daily concerns of the citizen in the availability of basic services.” Especially the sectors of electricity, roads, resolving bottlenecks, hospitals, medicine and education, without overlooking important reform problems in addressing bureaucracy and corruption inherited for decades, unfortunately.Operational spending that addresses and addresses the problems of poverty and unemployment, and investment spending by adopting packages of investment projects that help achieve the goals of economic growth and move the wheels of development by maximizing gross domestic product, diversifying the economy and raising employment rates, as well as supporting market activity with soft financing methods through loan funds. The facilitator directed to youth projects, foremost of which is the proposal (Al-Riyada Bank).
He added, "The strategic vision for the country's economic future has not been lost - as we indicated in the introduction to the conversation - in adopting the model of strategic investment projects (leading) for development, specifically the launch of the (Development Path) project, which serves as a model in the major strategic development with wide links between the joints of the national economy that At the same time, it is based on the principle of regional and international partnership and cooperation, activating the links of the national economy with the economies of neighboring countries and the world, which directly contributes to the prosperity of development and development in our country and to making Iraq a pivotal economic country influencing the economies of the Gulf, West Asia and the Middle East.
Saleh concluded: "The results of economic development and its strategic models must serve the future of Iraqis in two directions, the first is doubling the employment rates and the demand for work, and the other is doubling the gross domestic product of Iraq, which helps to spread economic well-being, specifically doubling the per capita share in the gross domestic product, and making Iraq is among the countries with emerging markets in terms of the contribution of the real sectors to the aforementioned GDP, the diversification of the national economy and the exit from the restrictions of the unilateral rentier state.
Edited by: Muhammad Al-Ansari
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