Abadi: reviving the economy depends on the support of the private sector

[yota691]

Abadi: reviving the economy depends on the support of the private sector

 

 

       

2/14/2015 0:10 

During the conference saw the launch of a new national strategy 
 BAGHDAD - Alaa al-Tai 
counting the Prime Minister, Dr. Haider al-Abadi, the process of promotion of the private sector, and find real ways of partnership with his public, will be insufficient to revive the economic reality in the country, as called for a need to amend the legislation that would develop the banking sector, has denied any intention of the government to lay off workers in state-owned companies. 
came assurances Abadi, during the conference, during which announced the launch of the government initiative for the advancement of the national economy and attended the "morning", which was held under the slogan "a shift towards the private sector a key pillar of support for the Iraqi economy." saw officially an extensive presence, as well as a large participation of the private sector. genuine partnership urged Abadi, in his speech at the conference, the importance of promotion of the private sector and develop and find real between him and the general partnership, considering that these steps will contribute to the advancement of the Iraqi economy, as well as being one of the most important towards the restructuring of state-owned public companies steps in order to make them more effective in the economic sector. He Abadi, that "the Council of Ministers approved during a recent meeting, restructuring of public companies to the state," referring to the absence of the intention of the Government to dispense with workers in the public companies of the State or laid off from work. He called on the Prime Minister, to the need to amend some of the legislation for the development of the banking sector, especially those engaged in the former regime, which led to the transformation of the economy into a one-sided, noting that "the Council of Ministers asked the consultants and international organizations to assist in this matter." He Abadi, that "the private sector need to infrastructure, communications and industrial cities in order to promote it," he said at the same time to the urgent need for the state to support the agricultural and livestock sectors to create jobs and provide hard currency and reduce import, pointing saying "We are economically dependent on oil by 85 percent, which led to the deterioration of the country's economy, especially after the drop in oil prices. " The head of the government, the continuation of the economic situation as it is now, noting that the stay would lead to the country is facing a big problem, stressing that the achievement of the new economic plan will contribute to the improve the economic situation of the individual and increase employment opportunities, especially as the private sector is the front-runner in providing employment opportunities. the development of the private sector , in turn, said the Director of the Office of the Prime Minister Dr. Mahdi Keywords, in a statement singled out the "morning" that "the strategy that has been launched will develop the private sector, which promise the most prominent sectors in a position to provide real opportunities for the operation and increase the resources of the country and achieve economic and social well-being. He Keywords: that after the significant decline of the role of the private sector Over the decades of neglect and focus on the public sector and government companies that have entered into all aspects of production and service life, it is very necessary that the state is seeking to change the philosophy of the transformation from a planned economy to a market economy, noting that the government is largely focused on stimulating the private sector, stressing that the starting to the free market is a great opportunity resulting from a long-term strategy extends until 2030, or over 15 years. Among the Keywords, "The launch of the government strategy for the development of the private sector has an important role in supporting and activating this important economic facility, especially that he can provide real opportunities to run and increase the resources of the country and achieve economic and social well-being. " He stressed that the government initiative results "in the medium and short term probably will be positive, besides we have a big effort in the policy of Ministers in order to prepare a package decisions and actions advocate of this strategy and the government's program to support the private sector." .the national goal of strategic  government spokesman tributary Jabouri, between in a statement the "morning" that "strengthening the private sector and increase financial its revenues and provide social security and retirement to him, is the most prominent targets that seek national strategy to achieve them, stressing that those points able to feel the citizens how important work in the private sector. " In turn, the Economic Adviser to the Prime Minister, Dr. He said the appearance of Mohammed Saleh said in a statement singled out the "morning," said the strategy was launched pledge government and the presence of a full commitment to its implementation, is part of the government curriculum approved in parliament next four years . " Saleh added that the government continues to implement its commitments all, including economic reforms, noting that the initiative is a signal transmission to shift to a market economy, and the state and the private sector should work together. Salih noted two main points, and describing them as elements of the success of the initiative, The first concerned the necessity of the aspects of the state to operate flexibly away from the bureaucracy to facilitate the work of the private sector and strengthening the partnership, while the second point recommended the importance of the organized private sector in the institutions that are in the business associations and industrialists and chambers of commerce men and Farmers Union to develop the idea and demands, adding that institutional Thought must play its role and not individual thought. " management of financial liquidity to the Iraqi Central Bank Governor Dr Ali Alak said in his speech for the "morning" that "we believe that the availability of liquidity management in Iraq form in which it can mobilize resources for economic activity and to achieve the imports of the country issue very important. " He pointed out that the past years have seen the accumulation of a lot of liquidity in banks  and among the citizens in different directions has not been tapped as the best "and expressed regret at the absence of a plan, procedures or liquidity management can be collected and invested and routed to the real sectors of the economy." He revealed relationship, saying that the central bank is working with The banking sector closely, as supposed, but the central bank is separate from the fact, as the work of many years, unfortunately, where busy selling the currency and stability, but today the central van trying to get closer to the private sector and strengthening the relationship between the government and the banking sector Ahli. And on the central bank deal mechanism with public and private sectors and to prevent delayed salary payments "between the governor," The central bank is trying to invest liquidity on all levels that are complaining of poor in the management of this liquidity with availability at a high level, especially in the cluster of large cash availability in the country among the public and banks public and private.  The Keywords to the country's need for the plan sponsor to mobilize and manage resources properly. " private banks and stressed Keywords "We are coordinating with private banks to find outlets to finance a lot of small and medium enterprises," adding that the Central Bank has provided a model for this and suggested that lends to commercial banks specialized amount of 6 trillion dinars, and industrial, agricultural and housing as well, in order not to affect the contraction in its work.

[nadia]

Yota, I have read your thousands of posts for the past several years, and I just wanted to say a humble thank you for your efforts to keep us all informed.  The information you have posted has educated me on a country that I knew little about before this investment, and keeps me positive.   You Rock! 

[sandfly]

THANKS