Shaways: eager to conduct a thorough reform of the Iraqi economy expanded {}

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Shaways: eager to conduct a thorough reform of the Iraqi economy expanded {}

History of edits:: 02.12.2015 twelve fifty-nine • 0 times readable

{Baghdad: Euphrates News} Deputy Prime Minister for Economic Affairs Rose Noi Shaways "The Iraqi government is keen to conduct a comprehensive reform process, the Iraqi economy by identifying the steps that advance the Iraqi economy and make it more lively."

Shaways said at the conference held by the advisers in the prime minister about the support of the private sector attended Agency correspondent {Euphrates News} that "Iraq is facing difficulties and great challenges, due to the political and security conditions taking place in Iraq, who are exposed to the worst terrorist attack to block construction, economic progress and operations." He said, "We went after the change in 2003 towards economic reform and growth of the radical in the country, as the process of the Iraqi economy is characterized by the central character singular, and by building a diversified economy led by industry, energy, agriculture and tourism sectors Koqtab development essential to be public and private sectors are partners in development and investment." He noted that "we were serious about heading to take several steps political, legislative, legal and administrative procedures at the level of adoption of economy policy." He explained that the "open market and mobilize the role of the private sector, to be a key lever in the development process, as we were keen to create a genuine partnership between the public and private sectors and private investment promotion and opening to the outside world and the trend to integrate the Iraqi and the global economy and get the rewards of this merger, and join the World Trade Organization. " He added that "the decline of industry, agriculture and limited developmental role of the banking system, and that the current conditions and the delay in human development, as well as chronic inflation the body of the Iraqi economy through laws set by the previous regime, which does not correspond with the current situation, caused the deterioration of the Iraqi economy. " He added that "Iraq's continued dependence on oil and the lack of industry and agriculture caused the deterioration of the economic situation is larger." He stressed Shaways on the need to cooperate larger for the advancement system of the educational system, pointing out that this crisis will leave a negative impact on economic directives. He attributed also the economic decline to the low participation of women in economic activity, stressing the need to find represented solutions with the participation of aspects of the industry, agriculture, energy and work to build the foundations of the quality of partnership between the public sector and private sectors. He noted that the "act in accordance with the market economy, and the partnership between the local administrations, and the central administration, economic, financial and political ask to get to the economic stability and reduce inflation, through competition between private investment areas." He called on government agencies to the private sector investment support, large importance and working on new meetings in this regard and walk according to the strategy of the private sector, which includes the most important challenges facing the Iraqi economy. He concluded that we are confident that the successful investment will promote the economic reality of the country, stressing the determination of responsible parties to continue their efforts for the advancement of economic reality, the private investment .anthy

 

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Shaways: development plan based on the economic partnership between sectors and ensure equitable distribution of resources
Thu, February 12, 2015 13:17

 

[baghdad-where]

Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, the economic development plan based on the economic partnership between the various sectors, and to ensure equitable distribution of resources among the provinces, by setting clear directions to achieve a stable economic environment.

Shaways said during his speech at the conference declaration of private sector development strategy in Iraq, attended by Agency correspondent all of Iraq [where], "We went after the change in 2003 towards economic reform and growth of the radical in the country's process, by building a diversified economy led by industry, energy, agriculture and tourism sectors Koqtab development and be a key public and private sectors are partners in development and investment. "

"We we are serious in the direction to take several steps political, legislative, legal and administrative procedures at the level of adoption of an open market economy policy and mobilize the role of the private sector, to be a key lever in the development process, as we were keen to create a genuine partnership between the public and private sectors and encourage investment and openness to the outside world and the trend to integrate the Iraqi and the global economy and get the rewards of this merger, and join the World Trade Organization. "

He said, "We are keen to promote the confidence of the world of the Iraqi economy and the accompanying great achievements," explaining that "within this context, we went to make a financial administrative reform and comprehensive restructuring of the banking system process to mobilize its development role, and in proportion to the new economic trends of the necessary measures to make the economy more steps ability to respond to the requirements of the launch of a comprehensive development process. "

And between Shaways "We faced difficulties and great challenges for reform, including the security policy, which times out of the country, and its exposure to the worst terrorist attack claimed the lives of tens of thousands of victims and martyrs, and inflicted heavy losses to the economy and hampered the construction and development process for several years the circumstances."

He pointed out that "the road is still long to achieve the desired economic reform goals, but there are still significant challenges in front of the Iraqi economy, as indicated national development for the years Plan 2013-2017, and the challenges represented by the continuation of a rentier economy and its dependence on the extraction and export of oil, the lower the percentage contribution of the sectors of industry and agriculture, energy and tourism gross domestic product supply. "

He continued, "as that of the challenges facing the economy, is the strategic role of the private sector in the overall economic development process in spite of the strategic approach demands upgrade this role and its promotion, in addition to the limitations of the developmental role of the banking system despite structural reform to improve the efficiency efforts, and the continuation of human development was delayed in Iraq's health, educational, environmental, and chronic inflation in the Iraqi economy and its effects on the balance of payments, in addition to laws inherited and legislation of the former regime that are not compatible with the philosophy of the state and the new Iraqi constitution, and the disruption of public spending structure in favor of operating expenses to capital expenditures. "

He said Shaways "as that of the challenges facing the economy is unemployment and the challenge of demographic as the high rate of population increase is a major challenge in Iraq, and illiteracy, the biggest obstacle in the educational building system which attribute to reach about one-fifth of the population, and the weakness of the overall rate of women's participation in economic activity, Despite the efforts of the anti-corruption plan, we still need to go a long way against this serious challenge. "

He pointed out that "the financial crisis as a result of lower oil prices on the world market and the requirements of military confrontation with Daash large budget required for the relief of two million and a half million displaced people and this will leave a significant adverse impact on our attitudes and our plans in economic reform," noting that "we in the referred to the development plan, we have identified winches fundamental economic reform, and we insisted on lifting the contribution of agriculture, industry, energy, agriculture and tourism sectors, and work on the basis of economic partnership and activated between the public and private sectors and the contribution of the year by 79% of the total plan investments, and your 21% of investments, so as to ensure a gradual transition to a market economy in accordance with the principle of efficiency and competition. "

It was to be "the plan set clear directions for achieving sustainable growth in order to ensure equitable distribution of resources among the provinces on the basis of population gravity and indicators Mahromep stable economic environment, and identified the plan ways to determine the consistency and harmony between the two policies arms of economic policy, fiscal and monetary policies that can reach sustainable growth and economic stability brake inflation and equitable distribution of the fruits of development between the community, the plan also stressed the competitiveness of the economy and its diversity and be the private sector an active role in the investment. "

He Shaways he "will continue the study of everything that would support the private sector to take the role, as dozens of meetings were held with representatives of the sector, and here the reference to the role of the advisers and policy for the development of 2014-2030 the private sector, which includes the challenges facing the Iraqi economy," noting, "We are sure that through the successful investment with private sector development to take its role in the economic process will stand up the Iraqi economy, and emphasize the readiness to continue the efforts that led to this way ".anthy