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Private sector development, basic pillar
10/14/2015 0:00
BAGHDAD - Hussein al-Tamimi Tgb
represents the process of economic development goals pursued by the government and the private sector, both of which fall within the responsibilities of a number of duties to achieve the objective the government required to provide the ideal working environment that enables the private sector of the qualitative implementation of the projects of service and productivity, at a time when investment opportunities are available in all regions Iraq.
Vice President of the Iraqi private banks association Ali tempted said that the local private sector has the operational capabilities that enable it to accomplish specific projects, pointing out that the Iraqi economy is in dire need to coordinate efforts between the government and the private sector to activate the productive and service sectors to achieve economic viability. simplification of procedures He added in an interview (morning) that investment is the solution most prominent for the advancement of the Iraqi economy, pointing to the need to be done to facilitate and simplify the procedures related to the investment process that represent attractive investment environment for the heads of immigrant and foreign money to employ them in a large development projects, noting that the single-window must be considered to them the importance of seriously its role in the dimensions of the investor for the complex rings routine that negatively affect the reality of domestic investment. tempted stressed that the local private sector carried out a number of important investment projects in the industrial sector and service projects, noting that he has the operational capacities of the projects strategy in most disciplines, referring to the the need to bring partnerships with specialized international companies with advanced classification on the list of the rankings advanced to its role in the development of local capacities and make them compete with global counterparts, as the partnership contribute to the transfer of advanced technology to the country and help in the reduction of time and effort to the implementation of projects of different kinds. crises and pointed to the importance of The government is working on the follow-up to the reality of the private sector and consider the needs and be supportive to him when it is exposed to the various crises and as it happens in the developed world, pointing to the importance that the exchange of receivables of completed projects of the private sector and that in progress, especially as the executing companies have equipped with contractors obligations secondary and contractors and other obligations, urging the need to schedule the payment of these benefits to the private sector to be able to continue the implementation and completion of the business. He urged the need for the private sector to be an outlet for 20 percent of the civil works which represent an important part of the project is usually described foundations upon which the investment project production or service, noting that it contributes to the achievement of constructive cooperation between the private sector and government. overcome the challenges and said tempted: We are now in the fourth quarter of this year, and despite the lack of liquidity, but the country was able to exceed these challenges, and the banks, despite the lack of deposits managed to achieve a good smooth flow of business. And on the trillion and a half provided allocations by the Central Bank of Iraq tempted he said describing it: the job and wise and are in favor of the Iraqi economy and its citizens, stressing the need for the adoption of the Court of mechanisms to lend to the real projects that actually contribute to rotate the wheel of production and increase services. international experiences and the importance of that employ the experiences of countries another went through the same conditions experienced by Iraq to serve our economy and employ money direction that achieves real economic development. And the banking sector pointed out that he was ready to adopt a special lending to small and medium enterprises of the Central instructions, indicating that the domestic banking sector in dire need of cooperation with international banks that adopt the advanced banking systems, pointing to the importance that contribute to cooperation in advanced banking technology transfer and to create products New touches the wishes of all customers, whether they are companies or individuals.
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