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Economic Forum league .. symposium held under the banner of the challenges and opportunities to support the Iraqi economy
By / Prince Majed Jawad
Rehab Hotel Babylon contract Economic Forum hosted by the Sabah Center for Strategic Studies to support the Iraqi economy according to studies include banks axes, privatization, investment.
Was in the forefront of general secretary of the Council of Ministers, Mr. Mahdi Keywords and Mr. Waleed ornaments and a group of specialists in the middle Parliamentary participated in the forum, a group of researchers and interested in economic affairs with a number of officials.
Within the forum program discussed a working paper banks, and in the introduction to the head of the Association of Banks, a professor Wadih Handal included the possibility of the application of the recommendations made in the last Association Conference, especially in dealing with the relationship between the central bank and private banks and the need to establish a credit bureau to enable banks to launch their projects in accordance with the centralized information blocks the road the joints of corruption in banking by banks and dealers, which determines all banking transactions and recover loans from beneficiaries.
Dr. Mehdi al-Hafez, an economist and member of the Iraqi parliament and the worksheet in placed privatization included ideas to transform the ownership of governmental and non-producing companies to the private sector activities, on the basis of investment, rental or manufacturing of non through the commissioning of the private sector to carry out government services by contracting the same time, the obligation to protect the consumer and the principles of national development, and concludes from this that this process provides a better possibility to expand employment opportunities and improve the level of wages, as well as accommodate modern technology, which is part of the process of economic reform.
The information and studies that the public sector in Iraq monopolize the most important economic joints in most sectors, with more than 4 million employees, a high percentage compared to the size of Iraq's population.
In a review of the working paper presented by the Industrial Bank Director Mr. Kazim fistula under the leading role of the industrial bank in industrial companies in Iraq financing address, which gave a brief history of TBI and its origins and objectives of the decree to achieve industrial development through the development of industrial development plans and preparing feasibility studies with counseling for the industry, taking into consideration his or her duties in the provision of banking services for industrialists way that secures the sustainability of these factories.
The third axis Private Investment Authority, the Investment Authority submitted a working paper by the Commission reviewed the aspect of investment projects
Completed 100%, reaching 40 projects at a cost of $ 421 million
With a review of the projects planned industrial and residential such as cities.
On the sidelines of the conference was a dialogue with the economic expert, Dr. Mehdi al-Hafez placed on privatization, confirmed that all the tools and the means available to the private sector to enter the state institutions as investors and participants effectively within the parameters that we talked to above,
In an interview with Mr. Wadih Handal, president of the Association of Banks pointed out the necessity placed private banks, which have become under the weight of terrorism and how to deal with the stolen money and compensation mechanism study, and by the last touched on the relationship between the private and government banks and the importance of developing and under the auspices of the Central Bank.
In reducing government spending within the budget of 2015 had to be a dialogue with the economist Professor contrary goldsmith, who pointed to a number of government processors toward reducing your ministries of the state and its institutions, especially non-ruling spending according to the status quo to get to the figures can be handled within the budget tables.
At the end of the economic forum was necessary to come up with recommendations to support the new government program, according to economic indicators above.
We can only thank all the interlocutors on their breasts capacity and interests in this matter, and God bless.
[You must be registered and logged in to see this link.]
By / Prince Majed Jawad
Rehab Hotel Babylon contract Economic Forum hosted by the Sabah Center for Strategic Studies to support the Iraqi economy according to studies include banks axes, privatization, investment.
Was in the forefront of general secretary of the Council of Ministers, Mr. Mahdi Keywords and Mr. Waleed ornaments and a group of specialists in the middle Parliamentary participated in the forum, a group of researchers and interested in economic affairs with a number of officials.
Within the forum program discussed a working paper banks, and in the introduction to the head of the Association of Banks, a professor Wadih Handal included the possibility of the application of the recommendations made in the last Association Conference, especially in dealing with the relationship between the central bank and private banks and the need to establish a credit bureau to enable banks to launch their projects in accordance with the centralized information blocks the road the joints of corruption in banking by banks and dealers, which determines all banking transactions and recover loans from beneficiaries.
Dr. Mehdi al-Hafez, an economist and member of the Iraqi parliament and the worksheet in placed privatization included ideas to transform the ownership of governmental and non-producing companies to the private sector activities, on the basis of investment, rental or manufacturing of non through the commissioning of the private sector to carry out government services by contracting the same time, the obligation to protect the consumer and the principles of national development, and concludes from this that this process provides a better possibility to expand employment opportunities and improve the level of wages, as well as accommodate modern technology, which is part of the process of economic reform.
The information and studies that the public sector in Iraq monopolize the most important economic joints in most sectors, with more than 4 million employees, a high percentage compared to the size of Iraq's population.
In a review of the working paper presented by the Industrial Bank Director Mr. Kazim fistula under the leading role of the industrial bank in industrial companies in Iraq financing address, which gave a brief history of TBI and its origins and objectives of the decree to achieve industrial development through the development of industrial development plans and preparing feasibility studies with counseling for the industry, taking into consideration his or her duties in the provision of banking services for industrialists way that secures the sustainability of these factories.
The third axis Private Investment Authority, the Investment Authority submitted a working paper by the Commission reviewed the aspect of investment projects
Completed 100%, reaching 40 projects at a cost of $ 421 million
With a review of the projects planned industrial and residential such as cities.
On the sidelines of the conference was a dialogue with the economic expert, Dr. Mehdi al-Hafez placed on privatization, confirmed that all the tools and the means available to the private sector to enter the state institutions as investors and participants effectively within the parameters that we talked to above,
In an interview with Mr. Wadih Handal, president of the Association of Banks pointed out the necessity placed private banks, which have become under the weight of terrorism and how to deal with the stolen money and compensation mechanism study, and by the last touched on the relationship between the private and government banks and the importance of developing and under the auspices of the Central Bank.
In reducing government spending within the budget of 2015 had to be a dialogue with the economist Professor contrary goldsmith, who pointed to a number of government processors toward reducing your ministries of the state and its institutions, especially non-ruling spending according to the status quo to get to the figures can be handled within the budget tables.
At the end of the economic forum was necessary to come up with recommendations to support the new government program, according to economic indicators above.
We can only thank all the interlocutors on their breasts capacity and interests in this matter, and God bless.
[You must be registered and logged in to see this link.]
