Iraq needs to money management planning on a high degree of accuracy

Iraq needs to money management planning on a high degree of accuracy

06/30/2013 12:00 AM

Specialists: Out of the provisions of Chapter VII ended 23 years of bitterness losses

BAGHDAD - Hussein Tamimi ثغب - Mohammed Ajil
Collect a number of specialists and academics, economists on the importance of investment opportunity into force of the provisions of Chapter VII in achieving rapid and sustainable development through the development of joint administrative, legislative, executive, and upgrade them to a global level, as well as the adoption of local expertise capable of providing consultancy in all sectors.

Director General of the Bank of Mesopotamia Abdul Hussein Mundhiri said the exit of Iraq from the gate of the provisions of Chapter VII we had finished twenty-three years Aajafa left us bitter loss syndrome politically and socially and economically. And here we must pause and review our situation to overcome the mistakes of the above and نتحسب came more than count the losses of the past.

Gateway prosperity

He said in an interview for the (morning) that the next stage requires the creation of conditions of health to live decent away from the problems of unemployment and technological backwardness or scientific research, pointing out that the port economic represents the main corridor for the gate of development and prosperity, asking to reconsider our policies economic confused and put quick solutions appropriate to address the deterioration of sectors industrial and agricultural productivity, real estate and finance.

Plans minutes

He pointed to the importance of the initiative of all sectors to develop plans minute to lift its reality deteriorating and the required process of development of the sector or detailed economic or service, calling to benefit from the experiences of developed countries that have adopted such style, including Japan, Germany and Italy after losing World War II and look at what has reached to these countries is currently not in accordance with what I started and get back seventy years back.

Owners experience

Mundhiri said the time has come for the Government develop confidence and hands with the owners of the experience of Iraqi economists known understand in our country a lot and in all disciplines and some of them have international experience and processions of global developments, and that the cost consulted less than the cost of consulting companies and foreign experts because they are aware of and administrative more than others all problems and Mrbakat the work and this provides us the time that is wasted if we relied on others to diagnose our problems, because these people need many time and money that we desperately need to be provided.

Planning a high

He pointed out that the importance of the money comes second place because it is in our country, but they need to manage the planning and implementation of a high degree of accuracy. Here, they have to stand up and stop urgent financial sector and private sector banks, which will be faster beneficiaries from entering the global financial market and wider doors and therefore seize the opportunity and develop its sector Bashklah government and private sectors through partnerships and the formation of relationships with leading international banks known. Mundhiri asked banks to begin developing their electronic instructions and method of work and foremost a way of thinking and management as well as the expansion of its branch network both inside and outside Iraq, especially in the countries that we have with the trade as strong as Turkey, China, Saudi Arabia, South Korea, Iran, Russia and others, where do not have our banks there is any occurrence, It is not legal barriers, nor political, nor economic sanctions after today prevent us from communicating with the world.

Results close

He also spoke academic Dr Ayman Abbas, from the Faculty of Business and Economics (morning), saying that the economic results positive for the issuance of this decision will appear in the near term after he got Iraq to full sovereignty did not تتبق barriers to entry of foreign companies for the implementation of strategic projects related to the lives of citizens daily.
He stressed that the implementation of projects in the past years was based mainly on local businesses that may not have the great potential to carry out its duties in addition to some of the companies from the regional countries that were unable to fulfill their obligations towards Iraq, which hindered the implementation of these projects and thus become adversely affect the fact the service but This decision will allow big companies desire access to large investments in Iraq.

Third reserves

The economic expert said Mazen Abbas, said Iraq would emerge from Chapter VII be established at the forefront of which is keen to promote its economy, especially since the Iraq of the important oil-producing countries where he owns the world's third largest reserves of this wealth, but it requires that Iraq is liberated from some of the laws that prevent investment promotion as required, such as red tape in government circles and the movement of money transfer and banking system.

Tourist hub

He pointed out that the province of Babylon, for example, is one of the most important tourist areas in the world because of its historical heritage and cultural and religious represented in the city of Babylon archaeological or city rump ancient and holy shrines scattered in many areas and it will be an important focus in the movement of international tourism in the near future and this enhances our national economy and opens thousands of jobs for graduates and unemployed.

Rules package

She drew a professor of international economics at the University of Babylon d. I hope Salman to be out of Iraq from Chapter VII needs to be a package of laws which give authority over the provinces in terms of contract agreements and the granting of investment opportunities. Because a lot of international companies were complaining about the suffering of the decisions made and limited the movement of capital and transfer of financial and banking sector in Iraq .



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Planning a high  He pointed out that the importance of the money comes second place because it is in our country, but they need to manage the planning and implementation of a high degree of accuracy. Here, they have to stand up and stop urgent financial sector and private sector banks, which will be faster beneficiaries from entering the global financial market and wider doors and therefore seize the opportunity and develop its sector Bashklah government and private sectors through partnerships and the formation of relationships with leading international banks known. Mundhiri asked banks to begin developing their electronic instructions and method of work and foremost a way of thinking and management as well as the expansion of its branch network both inside and outside Iraq, especially in the countries that we have with the trade as strong as Turkey, China, Saudi Arabia, South Korea, Iran, Russia and others, where do not have our banks there is any occurrence, It is not legal barriers, nor political, nor economic sanctions after today prevent us from communicating with the world.