Face liquidity crunch launch investment

2/27/2016

Proposals to provide financial resources

BAGHDAD - morning

called Mokhtassan in economic affairs to find solutions to curb the fallout from the economic crisis solutions, suggesting at the same time launch investment and diversify its revenue by imposing taxes on imports of unnecessary and mobile phone networks which would provide liquidity and minimize the impact of the crisis on the public .

He called the economic member of the Baghdad forum Jaafar Yassin stimulate the national economy and overcome the financial crisis by finding solutions that fit what is going through the country and influenced by a decline in oil prices , economic conditions.

He said Yassin in an interview for »morning» to the need to pay attention first to attract foreign investment to implement projects absorb unemployment and contribute little to the revitalization of domestic capital cycle, stressing that a good chance to take the private sector role in development. investment agreements and the importance of resource utilization and the enormous potential that stores them Iraq, the strategic location enjoyed by, to attract local, Arab and international investments, especially those directed for the establishment of industries can be exported to regional Pacific markets, noting the importance of strengthening foreign relations, and join the new economic and trade and investment agreements. he said that the application of labor per window active role in coaxing local investors before foreign, pointing to the need for the presence of a representative from each economic circle in the this window located at the Hyatt provincial investment. he Yassin to the importance of providing facilities to the private sector, including tax relief and provide protection for investment projects carried out by especially productive projects in various sectors. investment environment and continued that it is necessary to improve the investment environment as well as monetary and banking policy and developing the means to develop and new mechanisms to finance projects, calling for the exploitation of the free zones and to its role in achieving regional economic integration. in turn someone academic economist , Dr. Essam Mahouelle economic crisis experienced by the country as the multiple causes of the problem , notably the drop in oil prices and the war against Daash apostate government spending vast to import side uncontrolled and goods are not necessary to the community at this stage. demand and liquidity , said Mahouelle in an interview with «morning» that the large number of requests for liquidity and to meet the social needs have emerged and grown in recent periods, including, for example , the growing open community colleges and illogically, away from the ability of the Iraqi economy to absorb armies of graduates. He suggested Mahouelle solutions to several of them immediately stop importing goods that can be manufactured locally, reducing the aid of government departments, factories , companies self - financing for the purpose of urging them to promote their goods, preceded by a re mechanisms import and payment to normal and control vocabulary of goods to be imported by neutral economic commission and the problem of banking, industrial, agricultural, financial and monetary terms of reference of the owners. financial deductions and saw that stop any deduction of retirees and employees ' salaries would alleviate the repercussions of the crisis on the two tranches they represent element of daily consumer spending component of the basic income cycle. He called Mahouelle to charge excessive fees and taxes broadcast on phone companies mobile and prevent it from increasing Rtat charges as it did previously , forcing citizens burdens unexpectedly eased from those powerful financial contributions to companies in the state budget. He stressed the importance that the government intervene in the control of the crisis by imposing price controls, especially foodstuffs to limit the repercussions audience .