Iraq need a money management plan on a high degree of accuracy
30 June 2013 12: 37 pm
Large number of specialists and academics, economists, the importance of the investment opportunity of the provisions of Chapter VII in achieving sustainable development and fast through the development of joint administrative, legislative and executive power to a global level, as well as the adoption of local experiences capable of providing consultancy in all sectors.
Two rivers Bank Director General Abdul Hussein Al-mundhiri said Iraq out of Chapter VII gate concludes three years lean left us bitter losses tied politically, socially and economically. And here we must pause and look at our circumstances to override errors above and afraid of who more than count the losses of the past.
Gate of prosperity, "(the morning) the next stage requires the health conditions of living away from the problems of unemployment and underdevelopment of technological or scientific, pointing out that economic port is the main corridor for portal development and prosperity, rethinking our economic committed and put quick fixes to address degradation of productive sectors, industrial and agricultural real estate and finance.
Precise plans and noted the importance that all sectors to develop precise plans to lift the deteriorating situation and the process of the development of the sector or economic or service detailed, to benefit from the experiences of developed countries adopted such a method such as Japan, Germany and Italy after the loss of World War II and given the status of these States currently as started and get back 70 years back.
Experienced Al-mundhiri said it is time for the Government to develop confidence and her experienced economists, however, Iraqis who are known in our country more and understanding in all disciplines and from international experience and global developments, processions, and cost less than the cost of consultation consulting companies and foreign experts because they are aware of precession and all problems and confusing work and this gives us the time wasted if we relied on others to diagnose our problems for they need time and money that we most need to provide it.
Planning and the importance of money comes in for it in our country, but you need to manage, plan and implement a high degree of accuracy.
And here we must pause urgent financial sector, especially the banking sector which will be as soon as the beneficiaries of the entry of the global financial market and wider doors and use the opportunity and developing the sector both through public and private partnerships and building relationships with leading international banks.
Al-mundhiri asked banks to embark on the development of electronic systems and method of work and instructions of all thinking and management as well as expand the network of branches inside and outside Iraq especially in States that have a strong trade with like Turkey and China, Saudi Arabia, South Korea, Iran, Russia and others, where there are no banks have existed, as legal barriers and not political and not economic sanctions still today prevent us from communicating with the world.
The close results and academic Dr. Ayman Abbas spoke of the College of management and Economics (morning), said that the positive economic consequences of this decision will emerge in the near term after he got Iraq to full sovereignty and no remaining obstacles to the entry of foreign companies to implement strategic projects related to the daily lives of citizens.
The implementation of projects in the past years was relying primarily on local companies that may not have the great potential to carry out their duties in addition to some companies of the regional countries that have been unable to meet its obligations towards Iraq, which hindered the implementation of such projects and become negatively on services but this decision would allow big companies wish to enter the large investments in Iraq.
Third reserve with economic expert explained Mazen Abbas should exit Iraq from Chapter VII would finalize it in the forefront is keen to promote its economy, especially the oil States of the Iraq mission, which has the world's third largest reserves of wealth but that requires Iraq to be free of certain laws that prevent the advancement of investment as required such as routine government services and the movement of money transfer and banking system.
A tourist hub, noting that Babil province, for example, is one of the most important tourist areas in the world for its historic and cultural heritage and religion in ancient city of Babylon, ancient city of spank and holy shrines scattered in many areas and it's going to be an important hub in the global tourism in the near future and this enhances our national economy and opens up thousands of employment opportunities for graduates and the unemployed.
Package laws drew Professor of Economics University of Babylon Dr. Amal Salman to exit Iraq from Chapter VII requires a package of laws to give more powers to the provinces in respect of concluding agreements and the granting of investment opportunities. many international companies were complaining about the suffering of the decisions limited the movement of capital and financial and banking transfer in Iraq.
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