by day dreamer Tue 28 May 2013, 12:40 am
Shaways:
Iraq immune from the risk of global economic crises
05/28/2013 12:00 AM
A
result of its dependence on oil imports, mainly
Baghdad
morning
Reduce
the Deputy Prime Minister for Economic Affairs Rose Nuri Shaways risk of global
crises on the Iraqi economy, pointing out that the rents of the national
economy, and its dependence on the financial-oil imports, has made the country
untouched by the economic effects suffered by many of the world
countries.
While
Shawis pointed to continued immunity to Iraqi funds deposited in international
banks, revealed the existence of new outlets to replace the Development Fund for
Iraq (DFI).
Citing
a statement issued by the Office of the Deputy Prime Minister and received
"morning," a copy of it, the Shaways said during his speech at the Global Forum
"to counter the global financial crisis," which was held in Kazakhstan last
week: The financial crisis the world has seen in recent years was the biggest
The
most dangerous on the international economy, since the crisis of the Great
Depression in the years 1929-1932, did not pan economies of countries, including
Iraq immune from the consequences of the crisis, but the effects of that hit
Iraq has been limited and has been largely absorbed.
He
MP that the global impacts on the Iraqi economy has been contained by the
stability of the proceeds of Finance, and the lack of investments him abroad as
a result of the political situation, which has passed through the country for
several decades, which led to alleviate this crisis, stressing that these
factors gave Iraq position
to play a prominent role in contributing to address many aspects of the
international financial crisis.
At
the time, who revealed which Shaways for Iraq was able to find alternative
measures to the Development Fund for Iraq (DFI), pointed out that "the financial
returns are protected by immunity of the Iraqi Central Bank, and support of the
international community, especially the U.S. government and the U.S. Federal
Reserve, as well as the fact that Iraq
is witnessing a steady increase in fiscal revenues, "pointing out that Iraq has
become a one of the most basic sources of energy in the world, but it can be an
important factor in the stability of the global economy, and plays a prominent
role in many aspects of economic development.
Among
Shaways that effort in Iraq to pursue a policy of oil depends on the strategy
and a clear focus directly on the techniques of modern art, which help to
increase the production and of information technology and staff specialist to
promote the reality of productive according to the new requirements in line with
the priorities of the market, and this is crowned with success by attracting
companies foreign
and facilitate the task of the awarding of contracts and the full show
flexibility by the government in banking and other measures in order to promote
and encourage investments in the oil sector.
Turning
Shaways during his speech to the vital role played by Iraq in the transition
towards market economic policies, an approach that passed by the Iraqi
Constitution, hinting that since the early draws country to mobilize the private
sector's role and activating the role of national and foreign investment, was
the light of that decision-making kit The
legislation set of laws that aim to support the private sector to occupy its
core in the process of economic reform and revitalize the economy and
diversifying its sources, confirming continue to audit the development of
legislation and economic programs aimed at opening up wide to encourage
investment in Iraq that Iraq is desperately needed.
He
alluded Shaways that Iraq continues tirelessly to fight inflation, unemployment
and poverty, as well as maintaining the exchange rate of the dinar, praising the
independence of the central bank, which managed to play a vital role in
maintaining the value of the dinar against the rest of the foreign currency,
explaining the determination of the country to adopt a Platform for investment
practical and thoughtful to
develop the sectors of industry, mining, agriculture, through the promotion of
effective partnerships between the public and private sectors.
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