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Towards stimulating action of the private sector in Iraq
2015-09-22
((About stimulating measures for the private sector in Iraq)) in the presence of Dr. Ihsan Secretary-Chairman of the Board of Trustees of the House of Wisdom and a number of professors, researchers, academics and intellectuals House of Wisdom holding Department of Economic Studies seminar entitled ((about stimulating measures for the private sector in Iraq)) on the morning of Tuesday, 15 / 9/2015 ten o'clock in the morning in a meeting room at the House of Wisdom. Chair Prof. Dr. Falah Hassan Thuwaini Musharraf's Department of Economic Studies at the House of Wisdom and its decisions researcher Hussein Ghazi Rashid - the restructuring of state-owned enterprises to the researcher, Dr. Abdul Hussein Al-Anbuge economic adviser in the Cabinet between The researcher said the former industrialization policies wrong that led to the existence of these companies that was not built on economic grounds .oonh in the 2009 study was prepared for the restructuring of these companies has the Council of Ministers approved the study but had not been implemented, as a result appeared in a timely manner Opponents many. Then he mentioned that staff salaries and other costs have become a major burden on the budget, salaries paid to employees of these companies amounted to 13 trillion dinars between the years 2003-2012, particularly since the reform process has not lived up to the level of seriousness. He said researcher that Iraq will face financial problems in the budget of 2016 because of lower oil prices, which makes ending the problem of these companies through restructuring imperative. - Role of the banking sector in stimulating the sector researcher Dr Majid picture representative of the private banks in the Board of the Central Bank between researcher he it is essential that the banking sector plays a role in stimulating the private sector, then taken by showing the number of banks and types (government and private) and its terms of reference in Alarac.tm However, his speech by saying that the activity of the banking system a reflection of economic activity. Since that commercial activity is prevalent in Iraq, it is difficult for banks agricultural and industrial work. As technically the banking system in Iraq complain of administrative problems and lack of supervision required and monitoring by the central bank on these banks have voices rose to claim the restructuring of State-owned banks in Iraq, but so far has not been anything in this regard . Explain researcher that the five loan trillion dinars to be submitted by the central bank for banks specialized (industrial, agricultural, real estate), will contribute to stimulate all of these activities if it was applied the correct standards in the granting of these loans only for productive activities, especially since the interest rate will not exceed 4% For beneficiaries. then he allowed Dr. Falah to attend to ask questions to the researchers, was the intervention of Dr. Wafa James Baldwin among the most important interventions, which emphasized that the privatization should begin Winning companies to encourage the private sector to rush it. As the losers of which must be owned by turning to its employees in equities in order to encourage them to promote these companies.
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2015-09-22
((About stimulating measures for the private sector in Iraq)) in the presence of Dr. Ihsan Secretary-Chairman of the Board of Trustees of the House of Wisdom and a number of professors, researchers, academics and intellectuals House of Wisdom holding Department of Economic Studies seminar entitled ((about stimulating measures for the private sector in Iraq)) on the morning of Tuesday, 15 / 9/2015 ten o'clock in the morning in a meeting room at the House of Wisdom. Chair Prof. Dr. Falah Hassan Thuwaini Musharraf's Department of Economic Studies at the House of Wisdom and its decisions researcher Hussein Ghazi Rashid - the restructuring of state-owned enterprises to the researcher, Dr. Abdul Hussein Al-Anbuge economic adviser in the Cabinet between The researcher said the former industrialization policies wrong that led to the existence of these companies that was not built on economic grounds .oonh in the 2009 study was prepared for the restructuring of these companies has the Council of Ministers approved the study but had not been implemented, as a result appeared in a timely manner Opponents many. Then he mentioned that staff salaries and other costs have become a major burden on the budget, salaries paid to employees of these companies amounted to 13 trillion dinars between the years 2003-2012, particularly since the reform process has not lived up to the level of seriousness. He said researcher that Iraq will face financial problems in the budget of 2016 because of lower oil prices, which makes ending the problem of these companies through restructuring imperative. - Role of the banking sector in stimulating the sector researcher Dr Majid picture representative of the private banks in the Board of the Central Bank between researcher he it is essential that the banking sector plays a role in stimulating the private sector, then taken by showing the number of banks and types (government and private) and its terms of reference in Alarac.tm However, his speech by saying that the activity of the banking system a reflection of economic activity. Since that commercial activity is prevalent in Iraq, it is difficult for banks agricultural and industrial work. As technically the banking system in Iraq complain of administrative problems and lack of supervision required and monitoring by the central bank on these banks have voices rose to claim the restructuring of State-owned banks in Iraq, but so far has not been anything in this regard . Explain researcher that the five loan trillion dinars to be submitted by the central bank for banks specialized (industrial, agricultural, real estate), will contribute to stimulate all of these activities if it was applied the correct standards in the granting of these loans only for productive activities, especially since the interest rate will not exceed 4% For beneficiaries. then he allowed Dr. Falah to attend to ask questions to the researchers, was the intervention of Dr. Wafa James Baldwin among the most important interventions, which emphasized that the privatization should begin Winning companies to encourage the private sector to rush it. As the losers of which must be owned by turning to its employees in equities in order to encourage them to promote these companies.
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