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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

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    Economists: Iraq has the potential to cross the economic crisis must be the creation of a new invest

    Rocky
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    • Post n°1

    Economists: Iraq has the potential to cross the economic crisis must be the creation of a new invest Empty Economists: Iraq has the potential to cross the economic crisis must be the creation of a new invest

    Post by Rocky Mon 20 Jun 2016, 5:49 am

    [size=37]Economists: Iraq has the potential to cross the economic crisis must be the creation of a new investment climate[/size]


    BAGHDAD Journal News , in 
    spite of austerity followed by the government 's policy to avoid the financial crisis faced by thecountry , but the Economic Commission parliamentary did not prevent from expressing fears that the situation is due to the sharp decline in oil prices , while economists played down the matter , stressing that Iraq is still in control of the its economy from collapse and that there isprogress in the field of investment and the creation of a new investment climate.
    He said the appearance of Mohammed Saleh Economic Adviser to the Prime Minister that "the general trend of the state is to end the phenomenon of the sale of oil and the distribution of imports for the salaries of the staff and operating expenses with the trend towards product people," expected to "witness Iraq's progress in the field of investment and the creation of a new investment climate and the first steps of signing the contract to build petrochemical plant with Shell, and we consider it a breakthrough in the depth Basttosmar oil wealth. "
    For his part, played down the economic expert and former MP Abdul Abbas estrus of damaged Iraqi economy in light of the decline in oil prices, saying that the economies rentier be fragile and vibrating with the first emergency change which is what is happening in Iraq in spite of the strategic stockpiling of oil, which nearly 150 billion barrels, but Other alternatives to make the economy strong owns.
    He added: "It was not supposed to rely on the state oil only when oil prices were high, but it was in building industry, tourism, agriculture, pointing to the existence of steps currently being implemented towards the activation of these sectors."
    He ruled estrus a collapse of the Iraqi economy with the collapse of oil prices, because it has alternatives and ways other being able to survive the crisis, noting the existence of state waste and sagging in state institutions, but he also said, but reforms issued by the government, which intends to be issued will contribute significantly to reducing state spending, and continued: even in the event of rising prices should move in the direction of reforms and reduce waste and maintenance of public money.
    He estrus that Iraq possesses more than 60 billion dollars as a cash reserve and tonnes of gold that have not driven despite the crisis and maintained the exchange rate, stressing that Iraq is in front of one option irreplaceable is to resort to the private sector and investment and to alternative revenue.
    For his part, Raad al-Jubouri said that "financial liquidity in Iraq may be enough despite the state of austerity if it was a good disposition, but there is mismanagement and corrupt and wasteful big money and if we were able to stop these aspects would be the liquidity quite enough because the Iraqi people He lived less weakening of the current time budgets, compared with the peoples of neighboring countries had their budgets billions at the time. "
    He added that "the current budget for Iraq, equivalent to about almost five countries balance in the region, but the Iraqi political order form is one of the economic system reform fails it is difficult to produce economic development and preserve the public money and eliminates the phenomenon of corruption, because billions of dollars have been stolen and wasted due to corruption of persons and parties and I went without the expense. "
    The al-Jubouri, "there is a real solution possible that doing the Prime Minister Haider al-Abadi to take very bold steps in exposing the corrupt and keep tabs on whatever their affiliations and their positions at the time as possible to be part of the reform of the economic situation and to ensure the equitable distribution of wealth." He pointed out that "there is no fear of a lack of financial liquidity, but the waste of money because of corruption and this is something that needs a strong decisions as we have to eradicate this phenomenon."
    He was a member of the Committee for Economy and Investment in the House of Representatives he said the hazy economic policy in the administration of Iraq and its inability to develop plans for the development of various vital sectors had to approve the establishment of the Council of Economic Reform Act in order to identify trends of this policy and stakeholders manage.
    He spoke MP Qusay Juma at the time about the importance of the central government to take serious steps towards the process of economic transformation and the first is to push for approval of the establishment of a special law of the Council for Economic Reform regard to economic policy and determines the orientation and supports investment and works on the functioning of the private sector in the country through the development of strategic development plans and supervise their implementation .
    Economic Adviser to the Prime Minister Abdul Hussein Al-Anbuge summed up the importance of the adoption of the law on the council with three points, standardized controls economic institutions and the establishment of the Supreme Council for the reform of the economic manages the process of economic transformation as well as the introduction of new ways to legalize the many forest departments put Alaguetsadah.anthy 4
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