Roadmap to invest the wealth of Iraq

by **Rocky** Wed 29 Jun 2016, 3:04 am

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Post n°1

Roadmap to invest the wealth of Iraq

by Rocky Wed 29 Jun 2016, 3:04 am

Roadmap to invest the wealth of Iraq

6/29/2016 0:00

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BAGHDAD - Hussein al - Tamimi Tgb
is to achieve self - sufficiency in domestic production and reduce the import of the most important requirements for the next phase to create a balanced economy based on thehead of internal capital cycle in the overall joints achieved significant economic feasibility of the country by investing surplus funds in new development projects. Economist Jaafar Yassin said that the Iraqi economy shifted from a unilateral to the open market - based economy of the private sector 's efforts in his administration has become necessary, pointing to the importance of working to identify sectors that have priority in the process of economic reform which chime What is mentioned in the government 's economic program. economic policy , he said in an interview for «morning» that the volume ofwealth owned by the country 's leading economists to think a road map to be invested as the best that promote lives of citizens and guarantee the rights of future generations, as it requires drawing the right economic policy is based on the optimal use of available resources and to achieve self - sufficiency and reduce imports from various international markets, at a time it can provide most of the import materials locally, stressing the need to work on the development of economic activities that provide basic services and toincrease production of goods and commodities by the private sector. He pointed out that the sectors that must begin reformed a direct impact in the economic development process of the oil and banking, industry, tourism and communications across itsrestructuring, and to be working towards a partnership between the public and private sector and involving foreign investments and facilitate their work by changing legislation and procedures and the creation of advanced banking systems contribute to attract these investments. development work either competent in economic affairs Ahmed costly pointed out that support the development of industrial production in line with the plan and program of the prime minister and the advisers required to accelerate the provision ofdevelopment work requirements that begin with the availability of legislative environment guarantor of the rights of all parties to work and achieve smooth high implementation away from all forms of bureaucracy, stressing the employment of development loans in the direction you set aside for him and this comes in cooperation with all the relevant authorities , which should put a clear roadmap her relay loan from its early stages to production and beyond. It had decided to form a higher committee composed of theIndustrial Bank, industrial development, the Federation of Industries and the experts arenot fewer than three economists and industrialists veterans to activate projects that use local materials , such as construction, food and pharmaceutical, as well as mechanical ofChemical. Inexpensive between, the development loan is aimed at existing industrial projects and approved by the Industrial development Directorate and the Iraqi Federation of industries with the allocation of 10 percent of the loan for new projects. the balance ofinterests of the part of the competent economic affairs Ahmed al - Sumaidaie that theproductive sectors of development requires the promotion of the legislative reality to form an integrated working environment check the economic viability of the country, noting that the issuance of any legislation must that is the principle of balance of interests springboard for him, and that there is a moral obligation by the companies comply with the legal instructions. production opportunities while competent in economic affairs Abdullah al - Hassan al - Shammari stressed the need to adopt real measures to stimulate the economy and domestic production to save the various economic sectors of the state of deterioration experienced by the due increased foreign imports to meet most of the requirements on domestic production opportunities account. he said it was better for the employment of the money during the financial abundance in the development of the various productive sectors and the dimensions of the national economy from theeffects of which affect crude oil prices. he stressed the importance of raising efficiencies based on the management of public funds, warning of the better management of fiscal revenue and keep it away from the specter of corruption enriches the country towards foreign loans direction.[/rtl]

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