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Asadi: Update sponsor investment methods of addressing them
5/27/2015 0:00
BAGHDAD
stressed expert in economic affairs Hassan al-Asadi on the importance of developing new economic strategies and apply them to help Iraq get out in a better position than the current economic condition and can stand up and withstand the long-term economic challenges.
He said al-Asadi "morning": that major problems are the economy based on a single source of income which is oil ... Add to disguised unemployment significantly, where we have more than 4 million government employees, a number probably does not exist in Nfosha states four and five times the population of Iraq, as well as administrative corruption rampant in parallel with the routine and bureaucracy inherited from totalitarian systems economically and politically for decades financially corrupt thrive result mainly from administrative corruption, formed all major cause continuous waste of money.
Description Asadi our environment Btardh to invest while he is in dire need to exploit the potential and its ability to rebuild and build a specific one of the most important features of this repellant environment is the banking system in Iraq, which needs to keep pace with global developments, noting that in its current form does not serve the productive and service sectors.
He said we should not forget the big dilemma we face now and in the foreseeable future after he defeated Daash a reconstruction of the affected areas and to address the deterioration of the infrastructure is not in the occupied territories of Daash but in the whole of Iraq and a large shortage of basic public services all of which add significant burden on the national economy in light of declining oil revenues and the lack of economic alternatives to make up for the shortfall in oil imports.
Asadi between that what is required during the current phase is to develop and modernize investment methods , which requires taking several quick steps promote the sectors of public services such as electricity, water, sewage, health, transport, roads, bridges, telecommunications and housing to high levels and remove from the state for the expenses is not in the current capabilities or even long-term at best.
He pointed out that the electricity sector estimates that Iraq It needs more than $ 300 billion to conducts electricity to all regions of Iraq and rebuilding its infrastructure and build a power production capacity is sufficient to meet the various sectors, especially oil, wondering where we come from these amounts? Indicating the existence of two options: either continue the policy of government spending limited and slow and delay the desired growth of the country and either have to take a bold step this sector and N_khas_khas completely not part of production only .. This is similar to the rest of the public services sectors.
He said al-Asadi said that the allocation mechanism that is attracting international companies large high operational experience in the required field and has the financial and technical ability high to create the required infrastructure, stressing that in return for Iraq to give these institutions a work permit for periods be of economic benefit reasonable in order to achieve financial goals ... and be extended privilege between (50-75 ) a year because of the high costs of setting up the infrastructure and we in this case have to be realistic and not compare ourselves with countries granted investment licenses which has integrated infrastructure and do not require a huge investment like we need size.
He pointed to the importance of the agreement with these institutions to be responsible for infrastructure sector in full and that the Iraqi government is involved income at reasonable rates ranging from 10-20 percent are beneficial to both parties.
He said that to encourage such institutions to enter the Iraqi market to be tax breaks for periods of up to 25 years ... Iraq would also be consistent with these companies Ask a proportion of its shares in the Iraqi financial market so that the Iraqi private sector to have a stake in these companies with a portion of the shares to its employees from Iraq similar to what is customary in the world Alokhry.uan benefits to Iraq is represented by providing billions of dollars (infrastructure expenses infrastructure) annually and that can not state provision and use them in other necessary expenses, building infrastructure upscale stepping up the country to the levels required to Iraq occupies a position between the developed countries and help him to continue the development of its economy, and ease the financial and administrative burden on the government to transfer some employees of institutions government to the private sector, and provide job opportunities for unemployed youth, particularly university graduates and trained in modern administrative and technical systems, as well as to participate in income will add to the government and to the state budget large sums exploited in other areas.
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5/27/2015 0:00
BAGHDAD
stressed expert in economic affairs Hassan al-Asadi on the importance of developing new economic strategies and apply them to help Iraq get out in a better position than the current economic condition and can stand up and withstand the long-term economic challenges.
He said al-Asadi "morning": that major problems are the economy based on a single source of income which is oil ... Add to disguised unemployment significantly, where we have more than 4 million government employees, a number probably does not exist in Nfosha states four and five times the population of Iraq, as well as administrative corruption rampant in parallel with the routine and bureaucracy inherited from totalitarian systems economically and politically for decades financially corrupt thrive result mainly from administrative corruption, formed all major cause continuous waste of money.
Description Asadi our environment Btardh to invest while he is in dire need to exploit the potential and its ability to rebuild and build a specific one of the most important features of this repellant environment is the banking system in Iraq, which needs to keep pace with global developments, noting that in its current form does not serve the productive and service sectors.
He said we should not forget the big dilemma we face now and in the foreseeable future after he defeated Daash a reconstruction of the affected areas and to address the deterioration of the infrastructure is not in the occupied territories of Daash but in the whole of Iraq and a large shortage of basic public services all of which add significant burden on the national economy in light of declining oil revenues and the lack of economic alternatives to make up for the shortfall in oil imports.
Asadi between that what is required during the current phase is to develop and modernize investment methods , which requires taking several quick steps promote the sectors of public services such as electricity, water, sewage, health, transport, roads, bridges, telecommunications and housing to high levels and remove from the state for the expenses is not in the current capabilities or even long-term at best.
He pointed out that the electricity sector estimates that Iraq It needs more than $ 300 billion to conducts electricity to all regions of Iraq and rebuilding its infrastructure and build a power production capacity is sufficient to meet the various sectors, especially oil, wondering where we come from these amounts? Indicating the existence of two options: either continue the policy of government spending limited and slow and delay the desired growth of the country and either have to take a bold step this sector and N_khas_khas completely not part of production only .. This is similar to the rest of the public services sectors.
He said al-Asadi said that the allocation mechanism that is attracting international companies large high operational experience in the required field and has the financial and technical ability high to create the required infrastructure, stressing that in return for Iraq to give these institutions a work permit for periods be of economic benefit reasonable in order to achieve financial goals ... and be extended privilege between (50-75 ) a year because of the high costs of setting up the infrastructure and we in this case have to be realistic and not compare ourselves with countries granted investment licenses which has integrated infrastructure and do not require a huge investment like we need size.
He pointed to the importance of the agreement with these institutions to be responsible for infrastructure sector in full and that the Iraqi government is involved income at reasonable rates ranging from 10-20 percent are beneficial to both parties.
He said that to encourage such institutions to enter the Iraqi market to be tax breaks for periods of up to 25 years ... Iraq would also be consistent with these companies Ask a proportion of its shares in the Iraqi financial market so that the Iraqi private sector to have a stake in these companies with a portion of the shares to its employees from Iraq similar to what is customary in the world Alokhry.uan benefits to Iraq is represented by providing billions of dollars (infrastructure expenses infrastructure) annually and that can not state provision and use them in other necessary expenses, building infrastructure upscale stepping up the country to the levels required to Iraq occupies a position between the developed countries and help him to continue the development of its economy, and ease the financial and administrative burden on the government to transfer some employees of institutions government to the private sector, and provide job opportunities for unemployed youth, particularly university graduates and trained in modern administrative and technical systems, as well as to participate in income will add to the government and to the state budget large sums exploited in other areas.
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