WASHINGTON: Iraq's economic reforms began effects increase non-oil imports

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Harithiya area west of the capital Baghdad Imaging (Mahmoud Raouf)

WASHINGTON: Iraq's economic reforms began effects increase non-oil imports

 

 

Author: BS, HH, MK 
Editor: BS, HH 4.20.2016 14:48 Number ofViews: 710 
 

 

 

 

Long-Presse / Baghdad

It confirmed the United States, on Wednesday that the economic reforms the Iraqi government began to show the effects of an increase of non-oil imports, while pointed to the success of the Iraqi government to reduce the budget deficit would mean obtaining a loan from the International Monetary Fund worth billions of dollars.

The US ambassador to Iraq, Stuart Jones said in an interview for a number of media, including (long-Presse), building the US embassy in Baghdad, he said that "the economic reforms the Iraqi government began its effects appear to increase non-oil imports," noting that "the continuation of the Iraqi government in this performance will contribute great in the elimination or reduction of the budget deficit. "

Jones added that "the Iraqi government's success in economic reforms would mean signing an agreement with the International Monetary Fund, you get a loan worth billions of dollars." 

 

 

[waterman13]

GO IRAQ GO!

WM13

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Making progress....

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¶ foreign investment contributes to amend the Trade Balance

 

 

4/21/2016 0:00   BAGHDAD - Mostafa Hashemi Economic researcher said state fair that a foreign investment in the productive sectors that there is a real trade balance for Iraq milder. It is intended balance of trade (BOT) , an acronym   for (Balance Of Trade) as a measurement of the overall difference between exports index (production) and imports for goods in the state, one of the components of the balance of payments, it is also one of the important economic indicators , which lies its value in the components of the analysis and not in its absolute value.  Adel said in an interview for «morning» It is important to encourage foreign investment and the provision of facilities for the adoption of single - window to get the right balance in the trade balance.  confirmed researcher importance of expediting the adjusted trade balance for Iraq being suffers imbalance clear because of the increased volume of imports to the volume of exports non - oil amid the absence of the policy of import deliberate.  she stressed that Iraq possesses vast potential for economic success , but it is not exploited properly due to lack of vision drawing economic policies as a whole, as well as they have not been in development properly service.  confirmed just that the launch of investment in the productive sectors he needs is a country in this circumstance being a help in providing job opportunities as he would also contribute to raising the level of production and thus lead to an increase in the gross domestic product. He pointed to the need for adoption of field studies carried out by the ministries and departments sector for the purpose of reality which can determine the actual need for import and what can be produced inside the country evaluate whether the product is the private public or.  And felt that the increase in the proportion of the investment program allocations in the total investment budget of the state and give responsibility to set up local projects in the governorates such as projects of educational, health, municipal services, water, sanitation and state