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BAGHDAD / Economy News ... Said banking expert and a member of the World Union of Arab Bankers Samir Nasiri that indicators and international reports and organization "OPEC", confirms that lower oil prices will continue for the years 2016 - 2017 and at prices not to exceed 50 Dularellbrmel at their best, noting that, according to the data that there is a relative improvement will happen for the years 2019-2020 ranges between (60-80) dollars. He noted Alnasiri in his speech, "that the Iraqi economy and through the study, potential, available factors, he can overcome the distortions and distractions, and poor performance in economic structure and achieve economic reforms and structural balanced and diverse economy, with the premise of the continuation objective and subjective economic circumstances of the coming years the country until 2018 promised Alnasiri motivate, encourage and support the private sector, according to the government program for the first phase of the strategic development of the private sector (2014-2030) adopted by the currently state according to a new vision based on the false article 25 of the Constitution, which states (the development of private sector and national vital and prosperous entrepreneur locally, regionally and integrated competitor globally in order to achieve economic diversification and sustainable development and job creation) necessary and appropriate step. He pointed to the need to leave based on a rate of 93 percent of oil revenues and the development of vital economic sectors of agricultural and other industrial rentier economy, and tourism through, the restructuring of state-owned industries and the gradual shift towards the private sector, encourage partnerships with local and foreign investors as well as, to reconsider the environment legislative work of the industry and the provision of infrastructure to secure work environment requirements, and the expansion of the establishment of industrial zones. Alnasiri also counted, the advancement of the agricultural production, livestock and the provision of supplies and effective treatments for the fields and farms and maintenance of irrigation and drainage and to support the stomach of agricultural products for export and improve the quality of the seed and the state guarantee for the price projects, as well as support for small and medium enterprises and the granting of soft loans, Balkvelh the availability of elements of steadfastness and economic advancement. He stressed that the country is suffering now from the economic and financial crisis, stifling not passed since the nineties of the last century and the imposition of Alhsaralaguetsada, the result of a sudden and sustained fall in oil prices in the global market and the requirements of the war on terror as well as poor management of public funds and failure to approve the general budget for 2014, let alone act with money the country without economic and financial planning. He hinted Alnasiri that the reports issued by the International Monetary Fund indicate that Iraq and some oil-producing countries will go bankrupt after five years as the country in which elements of steadfastness and the advancement of available economic and is being has the second largest oil reserves in the world's water resources in addition to the workforce estimated at more than 10 million people able to work, experts in economics and finance have the academic and executive experience, we can overcome the crisis and go out and sound, through the provision of adequate and secure investment climate is encouraging to bring private capital and contribute to the economic development of the work environment. He concluded Alnasiri his speech referring to the lack of legislative environment for the management of the economy and the laws governing economic action, which requires reconsider and make substantial modifications to all of them consistent with the new situation for the management of the economy, to reduce the incidence of unemployment, which rose to more than 30 percent and the poverty rate, which exceeded the 22.5 percent Maan two indicators indicate a worsening of the crisis of the Iraqi economy [You must be registered and logged in to see this link.] |
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