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2016/06/09 | 11:00
(Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy News special. Cabinet Minutes recent issued on 3,152,016 decree firing FORM electronic own promoting and facilitating the government 's actions funded SME and encourage the process productivity in agriculture, industry, housing and support and stimulate private sector investment allocated from the bank the amount Central's six trillion five hundred billion dinars in order to achieve the government 's plan to restructure Iraq 's economy and moving it from a rentier economy to a productive economy and give a key role in achieving this. a reading of analytic and assessment of the decision and theimplications to begin developing a strategy for implementation, in order to be really give the role of the private sector in accordance with not responded in the years 2014-2030 and stages set for this purpose, which ends thefirst phase in 2017 to require the government to Pthdidalagliat and procedure required to do its part in terms of the allocation of the necessary funds to implement its program of economic reform and private sector - organize itself and come really to private sector development strategy the true representatives of the private sector for thepurpose of achieving the strategic reform suggest Mayati: - a-allocation of funds from the IMF loan is distributed according to the grant to the bank to the government every time wIG three - year 2-distributes the allocation of funding for the industrial sectors, agriculture and housing, according to the mechanics of Awaltalimat approved by the Council of Ministers in partnership with the private sector representatives of the 3-subdue the distribution and exchange and finance operations for monitoring and Allmtabah and audit and evaluation based on audit Aninternational 4-corporate development of an independent private sector holds the implementation of thegovernment 's plans to support and stimulate the private sector in coordination with the private sector representatives who are considered representatives rightful private sector suggested here to form the Council ofunified private sector represents all unions and organizations, forums and gatherings sectoral and public holds these parties elected under the supervision of the legislature, executive and judicial my 5-that the government through the ministry of agriculture, water resources inventory Dalaradi arable in all provinces, including Kurdistan provinces and commissioning local governments secured requirements supplies cultivate these lands and invest directly through an invitation and operation of all graduates of colleges and institutes and agricultural contracting with them or with the private sector to be cultivated and invested and marketing of agricultural production and thedivision of revenue generated among workers and local government and thus achieve two goals target economic a switch to a productive economy and social goal is young graduates to run and turn them into productive 6-activation of the General Federation of cooperation by stimulating and encouraging cooperatives , housing and the Municipality of Baghdad and local governments in the provinces to allocate land for housing, sorting and preparing designs for the construction of cities and complexes housing in coordination with the investment community and the private sector to be the key to the delivery of the citizen and the subject operations distribution of Oatia income and slum inhabitants and take advantage of the loan the World Bank fund in this sector to be subject toexchange audits, monitoring and auditing 8 7-create a bank to finance SME that the foundations which must be adopted for the establishment of the bank is the state 's contribution to 25 percent of capital, which must be up to500 billion dinars and that the private sector contributes 75 percent and be the participation of the state ,represented Government banks and ministries which currently holds the finance some SME like the ministry oflabor and Social Affairs, for example , either the contribution of the private sector should include private banks and companies retaining the banking business and private companies concerned sectors productivity and businessmen rightful and Y reputable economic known and that the bank accounts are subject to audit the Office of Financial supervision and the supervision and control of the Iraqi Central Bank and the Council of Ministers shall grant thebank a sum Mahhadda as a loan to the bank of the IMF loan like allocated from the central bank Alahalkarz to finance SME and assume the new bank develop guidelines and instructions and facilities to grant the loan to entrepreneurs and can explain basic objectives achieved by the roadmap above is as follows: - 1-achieving one of the development goals of the IMF loan to support and stimulate the private sector two-contribution of the private sector to diversify revenues and reduce the budget deficit and increase operational productivity in economic sectors 3-achieving social objectives by reducing the rate of unemployment Khregeyn, professionals and artisans, which amounted to 31 percent Samir Alnasiri consultant economist at Baghdad economic Forum
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