The current situation requires the involvement of the private sector in development

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The current situation requires the involvement of the private sector in development

 

 

       

10/10/2015 0:00 

Expert promised to enhance the country's position economically 

BAGHDAD Shokran Fatlawi 

confirmed economic expert need to provide an opportunity for the private sector to carry out his duties as a key driver of the economy and a participant in the decision-making process, by virtue of the stage through which the country's economy as a result of recent developments, especially after the crisis, falling oil prices and economic status 

quo . 

She Dr. peace Sumaisem Speaking »Sabah» on the sidelines of a seminar held by the progress of policy development institute necessary to make rapid economic reforms and a review of economic policy through the diversification of sources of income Maevrd first to make way for the Iraqi private sector and open the way to the outside of the private sector to boost investment similar to countries that have the laws encourage future investments to it. 

noting that the risks to the country require the presence of large financial hedges to eliminate the terrorist organizations as well as the financing of the country's basic needs what cost him a great burden. 

She noted that Iraq is obliged in front of international organizations, particularly the International Monetary Fund and the World Bank giving assurances that he was serious in the reform process which requires more than a review of the economic policy measures, especially with regard to fiscal and monetary policies as well as in relation to the price of the dollar as far 

as saying. 

They pointed out that it is supposed to state reduce its dominance of the most productive sectors and make way for more in front of the private sector and give the freedom of economic deal so as to enhance confidence in the existence of climates safe for the private sector making it easier for the arrival of Astosmarforeig foreigner and therefore give an idea of the views of foreign and international organizations seriously Iraq policies and economic reforms. increase the productive base and stressed the importance of paying the partnership between the public and private sectors and try to take advantage of public projects and put it to the doors of self-financing through this review in order to activate and increase the productive base inside the country and the concomitant strengthening of the economy and operation of labor and absorb unemployment and to try to get rid of the erosion of capital as a result of non-work periods for quite some time Sumaisem She concluded by reference to The activation energies productivity potential to generate material production and the creation of amounts of access to help move the economy and private financing after the decline in economic growth rates due to the decline in activity levels and economic. soft loan should be noted that an economic advisor to Prime Minister Abdul Hussein Al-Anbuge revealed during a press statement from the the allocation of the World Bank two billion soft loan to support the government in its economic reforms. indicating that «the World Bank will launch the Iraq billion dollars this year, and will be watching the government's work in the field of economic reforms to be launched next billion over the next year». He added that «the money will be spent on support balancing the current and next year and the reforms of special economic projects to support local governments and activation of some sectors that are in the service of the citizen and enterprise service ». He said Anbuge that« the World Bank is working on loans to countries affected by economic exchange, such as Iraq to improve the economic reality and support the financial budget for the activation of some aspects of the economic sectors to curb Austerity ».