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Abadi vows to carry out further measures to ensure the strategy to revive local economic reality
January 24, 2015 Fayhaa Economics , reports
Abadi, during his speech at the Davos Economic Forum to hold further action strategy to ensure reviving economic reality in the country, stressing the government's determination to activate the role of the public and private sectors and enable them to production and contribute to the growth of support in Iraq .akd the Davos Economic Forum in its 45th on the beat decline in world oil prices Lagging exceeded 60 percent of the prices, which reached the previous prices to around $ 110 a barrel in addition to the political and security crises the world is witnessing because Alarharb in the Middle East .alarac participated high-level delegation representing the Prime Minister Haider al-Abadi, and Iyad Allawi, Vice President of the Republic the introduction of the new vision of Iraq in the Forum, which includes more than 2,500 political and economic character is an opportunity Iraq needs in light of the economic crisis and the current conditions that require the expansion of economic and trade exchanges with countries in the world and gain information on how the planning, management and exploitation of resources and face Alozmat.alebadi said during the forum that Iraq lost 40% of its economy due to lower global oil prices, adding that Iraq is not a poor, we do not want to have to stop the international military support because of that the current crisis to an examination of the Prime Minister at his residence in the Swiss city of Davos, with Jim Yong Kim, President of the World Bank's overall challenges faced by Iraq by the decline in global oil prices and increased military spending. The meeting dealt to the tireless efforts of the government's restructuring of the Iraqi economy and transform these challenges into opportunities for direct real and effective program of reform in the field of economy and governance efforts.
For his part, President of the World Bank's full support for the bank's vision put forward by Prime Minister Haider al-Abadi at the World Economic Forum in Davos and praise the steps initiated by Iraq in the field of administrative reform
It was suggested Abadi, set up a fund financed internationally for the reconstruction of Iraq to be a model to help our neighbors who suffer human losses and economic costs of the civil war, terrorist attacks and the displacement of millions of men, women and children.
In light of the decline in oil prices, which have fallen to less than half with rising supply and slowing demand and the size of the US shale production .. the oil companies did not expect to get a big change in Saudi Arabia's oil policy after the death of the Saudi king, which insists on the survival of OPEC production as it is, for its part, said Secretary General of OPEC Abdullah al-Badri said oil prices will not fall below which 20 or $ 25 a barrel. He called on producers outside of OPEC cut production to get rid of the global surplus, and with the continuing decline in the price of oil giant in the oil sector companies have started to reduce its operations in employment and investment in the oil shale fields and even aging oil fields.
With the intensification of the financial crisis in Iraq and the drop in oil prices calls for the Iraqi government to find new sources of financial revenues, including the imposition of taxes at the time of the search for alternative industries for the development of economy and trade, create jobs and increase revenue and reduce dependence on oil and to strengthen the relationship between the public and private sectors must.
Haider al-Abadi / Iraqi Prime Minister
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January 24, 2015 Fayhaa Economics , reports
Abadi, during his speech at the Davos Economic Forum to hold further action strategy to ensure reviving economic reality in the country, stressing the government's determination to activate the role of the public and private sectors and enable them to production and contribute to the growth of support in Iraq .akd the Davos Economic Forum in its 45th on the beat decline in world oil prices Lagging exceeded 60 percent of the prices, which reached the previous prices to around $ 110 a barrel in addition to the political and security crises the world is witnessing because Alarharb in the Middle East .alarac participated high-level delegation representing the Prime Minister Haider al-Abadi, and Iyad Allawi, Vice President of the Republic the introduction of the new vision of Iraq in the Forum, which includes more than 2,500 political and economic character is an opportunity Iraq needs in light of the economic crisis and the current conditions that require the expansion of economic and trade exchanges with countries in the world and gain information on how the planning, management and exploitation of resources and face Alozmat.alebadi said during the forum that Iraq lost 40% of its economy due to lower global oil prices, adding that Iraq is not a poor, we do not want to have to stop the international military support because of that the current crisis to an examination of the Prime Minister at his residence in the Swiss city of Davos, with Jim Yong Kim, President of the World Bank's overall challenges faced by Iraq by the decline in global oil prices and increased military spending. The meeting dealt to the tireless efforts of the government's restructuring of the Iraqi economy and transform these challenges into opportunities for direct real and effective program of reform in the field of economy and governance efforts.
For his part, President of the World Bank's full support for the bank's vision put forward by Prime Minister Haider al-Abadi at the World Economic Forum in Davos and praise the steps initiated by Iraq in the field of administrative reform
It was suggested Abadi, set up a fund financed internationally for the reconstruction of Iraq to be a model to help our neighbors who suffer human losses and economic costs of the civil war, terrorist attacks and the displacement of millions of men, women and children.
In light of the decline in oil prices, which have fallen to less than half with rising supply and slowing demand and the size of the US shale production .. the oil companies did not expect to get a big change in Saudi Arabia's oil policy after the death of the Saudi king, which insists on the survival of OPEC production as it is, for its part, said Secretary General of OPEC Abdullah al-Badri said oil prices will not fall below which 20 or $ 25 a barrel. He called on producers outside of OPEC cut production to get rid of the global surplus, and with the continuing decline in the price of oil giant in the oil sector companies have started to reduce its operations in employment and investment in the oil shale fields and even aging oil fields.
With the intensification of the financial crisis in Iraq and the drop in oil prices calls for the Iraqi government to find new sources of financial revenues, including the imposition of taxes at the time of the search for alternative industries for the development of economy and trade, create jobs and increase revenue and reduce dependence on oil and to strengthen the relationship between the public and private sectors must.
Haider al-Abadi / Iraqi Prime Minister
[You must be registered and logged in to see this link.]
