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Asadi: the stalled projects touches the lives of citizens
8/16/2015
Called for a real economic platform for the next five years
BAGHDAD
stressed the economic expert Hassan al-Asadi on the need to develop a real economic platform for the next five years includes a realistic treatment of past mistakes, notably the installation of the identity of the Iraqi economy and working on it, and processing projects lagging service ones from reality which it relates and determine the timeframe for the operation.
He said in an interview with "morning" that stage requires a real activation of investment and work to reduce the role of the state gradually task and entrust to the private sector and support to lead the country economically in the long run, pointing out the importance of establishing an accurate plan to fight financial corruption through bring efficiencies fair and the use of global expertise in that, although the global consulting firms
and pointed to the need not hesitate theme of continuity of development projects through loans, partly because of the most important of Iraq's ability to repay to the presence of many resources and fight resulting from development projects stop unemployment, pointing to the experiences of countries resorted to lending and was able to play its economy in a successful manner, such as Lebanon, which does not have the resources that compare Iraq.
Asadi said, could create significant competition between banks that can finance projects between companies that can effect on credit for the goal of reducing the benefits most from lending and benefit.
On the subject of payment on credit urged to speed up the adoption because of all the stalled projects of interest to the lives of citizens, mostly service projects and other development projects as possible the country to promote it and this improved the standard of living of the citizen and create many job opportunities, pointing to the importance of the formation of committees fair to find out the reality of the stalled projects and reconsider them in the light of reality case and not in the light of the assignment conditions.
He said that the issue of the 5 loan trillions must include all sectors and not allocated in a detailed without the other, warning of the importance of the development of the banking system in Iraq in the public and private sectors, pointing out that the government banks rely traditional work systems, while private banks lack sufficient for lending capital, especially that of the developed world economic blocs affecting adopt lending to stimulate the economy have, where there are those who have money and Aeetmknun of investment Viugeon to deposit it in banks in exchange for the benefit of the aspect ratio and contribute to the economic development of On the other hand.
He stressed the importance of activating the subject of loans in the country and adoption in the activation of developmental and service projects lagging whether local loans or foreign, especially as the Investment Law No. 13 of 2010, as amended, pointed to the importance of the Iraqi investor support soft loans that is running the local manpower to suit and the size of the loan that gets it.
He said there was a decision to that hyphen 30 percent of investment projects possible lending by government banks, but investor who completed 60 percent of his project is not guaranteed for the loan and this needs to be reviewed, noting that the investor who spend billions of dollars to reach to this percentage can lend to fully implement the project because the ground to ensure the project, noting the importance of facilitating the lending process.
He stressed the importance of paying income-generating sectors of the income of great importance, including the projects related to side entertainment and find a great turnout by the citizens, and this is what made noticeable when opening any project for tourism entertainment where they were shut down by Canal Street at the opening of Entertainment City, although it did not accomplish fully.
He noted that the housing sector is important, and housing projects loans were not economically viable since they were given individually and need to costs, although the amounts are up to 35 million Iraqi dinars up to the beneficiary difficulty often, noting that in the case of investment in these funds housing projects for the economic feasibility was better than during the production of integrated residential units and services necessary as well as maintaining a design foundation of the city, and reduce corruption in the projects.
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8/16/2015
Called for a real economic platform for the next five years
BAGHDAD
stressed the economic expert Hassan al-Asadi on the need to develop a real economic platform for the next five years includes a realistic treatment of past mistakes, notably the installation of the identity of the Iraqi economy and working on it, and processing projects lagging service ones from reality which it relates and determine the timeframe for the operation.
He said in an interview with "morning" that stage requires a real activation of investment and work to reduce the role of the state gradually task and entrust to the private sector and support to lead the country economically in the long run, pointing out the importance of establishing an accurate plan to fight financial corruption through bring efficiencies fair and the use of global expertise in that, although the global consulting firms
and pointed to the need not hesitate theme of continuity of development projects through loans, partly because of the most important of Iraq's ability to repay to the presence of many resources and fight resulting from development projects stop unemployment, pointing to the experiences of countries resorted to lending and was able to play its economy in a successful manner, such as Lebanon, which does not have the resources that compare Iraq.
Asadi said, could create significant competition between banks that can finance projects between companies that can effect on credit for the goal of reducing the benefits most from lending and benefit.
On the subject of payment on credit urged to speed up the adoption because of all the stalled projects of interest to the lives of citizens, mostly service projects and other development projects as possible the country to promote it and this improved the standard of living of the citizen and create many job opportunities, pointing to the importance of the formation of committees fair to find out the reality of the stalled projects and reconsider them in the light of reality case and not in the light of the assignment conditions.
He said that the issue of the 5 loan trillions must include all sectors and not allocated in a detailed without the other, warning of the importance of the development of the banking system in Iraq in the public and private sectors, pointing out that the government banks rely traditional work systems, while private banks lack sufficient for lending capital, especially that of the developed world economic blocs affecting adopt lending to stimulate the economy have, where there are those who have money and Aeetmknun of investment Viugeon to deposit it in banks in exchange for the benefit of the aspect ratio and contribute to the economic development of On the other hand.
He stressed the importance of activating the subject of loans in the country and adoption in the activation of developmental and service projects lagging whether local loans or foreign, especially as the Investment Law No. 13 of 2010, as amended, pointed to the importance of the Iraqi investor support soft loans that is running the local manpower to suit and the size of the loan that gets it.
He said there was a decision to that hyphen 30 percent of investment projects possible lending by government banks, but investor who completed 60 percent of his project is not guaranteed for the loan and this needs to be reviewed, noting that the investor who spend billions of dollars to reach to this percentage can lend to fully implement the project because the ground to ensure the project, noting the importance of facilitating the lending process.
He stressed the importance of paying income-generating sectors of the income of great importance, including the projects related to side entertainment and find a great turnout by the citizens, and this is what made noticeable when opening any project for tourism entertainment where they were shut down by Canal Street at the opening of Entertainment City, although it did not accomplish fully.
He noted that the housing sector is important, and housing projects loans were not economically viable since they were given individually and need to costs, although the amounts are up to 35 million Iraqi dinars up to the beneficiary difficulty often, noting that in the case of investment in these funds housing projects for the economic feasibility was better than during the production of integrated residential units and services necessary as well as maintaining a design foundation of the city, and reduce corruption in the projects.
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