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Minister of Planning: the current economic crisis will help us to activate other development sectors
Wednesday 22-07-2015
Twilight News / saw and Planning Minister Salman Jumaili said Wednesday that Iraq is going through what the economic and financial crisis will help to activate other development sectors, including the private sector.
This came when the reception Jumaili agents ministry and heads of agencies, centers and directors-general and the deputy inspector general, according to a statement issued by the ministry.
Jumaily said that "Iraq today is facing an economic problem is low oil prices led to a shortage of liquidity which has affected negatively on the reality of development projects", calling for the need to take advantage of this crisis in the activation of other development sectors such as agriculture, industry and tourism, as well as giving role the largest private sector.
The minister pointed out that "the last phase witnessed a great deal of projects some of which were unnecessary causing it to spend revenue by about useless," noting that "the current stage and what Iraq is going through economic crisis invites us to reconsider prioritize investment projects according to economic importance and utility and service with the need to distribute among the provinces and be part of the five-year development plan and this gives the Ministry of Planning and task distribution and follow-up of these projects. "
He said the "Ministry of Planning Within the framework of the current directions of the government and in order to address the economic situation they strive to move the project finance-style payment on credit and put the required standards and controls that define the projects implemented in this way, particularly services and infrastructure projects."
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Wednesday 22-07-2015
Twilight News / saw and Planning Minister Salman Jumaili said Wednesday that Iraq is going through what the economic and financial crisis will help to activate other development sectors, including the private sector.
This came when the reception Jumaili agents ministry and heads of agencies, centers and directors-general and the deputy inspector general, according to a statement issued by the ministry.
Jumaily said that "Iraq today is facing an economic problem is low oil prices led to a shortage of liquidity which has affected negatively on the reality of development projects", calling for the need to take advantage of this crisis in the activation of other development sectors such as agriculture, industry and tourism, as well as giving role the largest private sector.
The minister pointed out that "the last phase witnessed a great deal of projects some of which were unnecessary causing it to spend revenue by about useless," noting that "the current stage and what Iraq is going through economic crisis invites us to reconsider prioritize investment projects according to economic importance and utility and service with the need to distribute among the provinces and be part of the five-year development plan and this gives the Ministry of Planning and task distribution and follow-up of these projects. "
He said the "Ministry of Planning Within the framework of the current directions of the government and in order to address the economic situation they strive to move the project finance-style payment on credit and put the required standards and controls that define the projects implemented in this way, particularly services and infrastructure projects."
[You must be registered and logged in to see this link.]
