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Ali Hassan al-Fawaz
The economic crisis in Iraq remains a cause for the search for realistic solutions, it is not wise to resort to new burdens may weigh the withers, and leave a lot of negative effects on the living conditions of the people implications, and on important aspects related to the services, or the protection of infrastructure and social and institutional system, and to sustain the projects
And modern long-term soft loans from the International Monetary Fund means newly difficult for those options, the extent that can be caused by such loans from future problems, they will also be the subjugation of the conditions relating to change forced to the trends of economic policy, including the removal of subsidies on some expenditures, etc., and the more this Terms of the loans of the International Monetary Fund would be great
If Mr. Prime Minister had held a number of meetings during his participation in the meetings of the World Economic Forum in «Davos» with international bodies on this subject, it should not be an option one, and do not search for national solutions to reduce the effects of the crisis, especially solutions that relate to adjust expenditure, and to reconsider the policy of import and revitalization of national industries, and to address problems related to the banking and tax system
The need for Iraq to perpetuate the great economic effort, at the level of securing an important development projects, especially energy and services projects, and even on the level of salaries covering more than six million employees in its institutions, as well as external liabilities and coverage of the war on terror expenses, and this is what puts the Iraqi government in the context of make important decisions, in terms of the sovereign the preservation of hard currency reserves first, out of internal national infrastructure Secondly protection, which means the need to rethink a lot of actions that belong to the economic system, as well as activating the strict regarding restricting spending to cope with the phenomenon of corruption control procedures Unfortunately plaguing central state institutions.
It has become clear the size of the dangers facing the rentier economy, but more serious is aggravated, and the absence to look for other sources to maximize the national wealth, and regardless of what is required from time, but the future planning and action at the appropriate preparing the ground so it will be an incentive in practice for a confrontation, and to find frameworks to ensure that insurance plans and programs, that will give the Iraqi economy a great incentive, and not national wealth mortgage to Mhemenat and receivables hard to get rid of their terms, so we find ourselves all in front of the reality of dealing realistic with what is going on, and acknowledging the importance of liberalization of the Iraqi economy from crises, and work hard to stimulate investment and the private sector segments, including placing it in the context of the creation of major shifts in economic reality mired in the old crises
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