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Free market economy in Iraq hampered by Government domination
June 12 2011
Sumerian news/Baghdad
Free market economy is facing in Iraq, which constitutionally recognized within the new orientation of the Iraqi economy after 2003, many difficulties are colliding with Government domination on the economy, which economists describe as "the most dangerous policy" on the country's economic sector growth.
Economist and former Planning Minister Mehdi Al-Hafez, in an interview for "Sumerian news, that" Iraq is a big problem for a future on the contradiction between the principles of free economy and State policy, and practice followed by bodies ", stating that" there is a problem now in Iraq and that country's financial administration and management, and exercise authoritarianism to unreasonable manner ".
Adds Hafiz it "cannot serve free economy which call him, because free economy is based on free initiative", adding that "this freedom cannot allow any government intervention outside the systems governing these activities".
Turn banking Adviser finds Ali Abdel Rasool, Super in an interview the cuneiform for "news", that "as long as there is a Government banking sector and the Government sponsor is possessed of resources equivalent to 90% of Bank resources, there will be no list of private banking sector.
Rasul said "as long as these banks is a provider of private-sector funding, these resources will find they have, therefore, not be able to meet its promotion and development", adding that "the chart shows that change with the mentality that we lived previously, when the oil in Iraq ends economic life".
Other experts joins to reject the Government's economic policies and operate from breaches and gaps in governmental banking to confirm Government Administration failed to file the country's economy.
As economic expert says peace til, Sumerian for "news", "this question refers to the issue and find openings and failure of the State administration of State banks.
And تتساءلت smism "why go private sector issue, rather we go mental state how we manage these banking regulations, now reflected in the performance of private banks.
And eligibility for its part called on banks to conduct wide-ranging reforms in banking regulations and modified in the control system of monetary policy and banking transactions in accordance with international standards in the step count private banks to restore the confidence of the Government.
Gulf Bank Manager calls for investment Abu Taleb Hashmi, in an interview for "Sumerian news, to reform the banking system to fulfill its mission of incorrect and incomplete", stating that "monetary and fiscal policy requires a clear strategy and vision of inclusive and joint Iraqi economy and address the serious imbalances in the structure."
Al refers to "the need to give sufficient flexibility without compromising risk systems and governance and transparency, strengthen and expand micro banking and accounting control based on international standards in this area".
Defines a free market economy with free markets and Government interventions, in addition to its operational capacity to maintain legal order and protecting public property and free from personal and special forces of cheats.
The Iraqi Government presented in April last year, 2010, in cooperation with experts from the United Nations for economic reform project includes restructuring the Iraqi economy in accordance with the requirements of the transition from the centrally planned economy to a market economy to ensure expansion of the productive base of the Iraqi economy by adopting free market mechanism and organizing your prices and external and internal trade.
The Iraqi Cabinet approved last year, five-year national development plan for the years (2010 – 2014) finalized revised by the Ministry of planning with the amendments proposed by some ministries into account authentication, and the bracketing and barriers between urban and rural areas and provision of infrastructure and social services, and generate new jobs and increase awareness and acceptance of the principles of sustainable development for integrated and coherent guarantee optimal investment and activation of human and natural resources in all governorates of Iraq, through increased throughput in particular among young people And women and increase and improve the quantity of water supplied for human consumption and quality and hard work to alleviate mass poverty in Iraq.
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June 12 2011
Sumerian news/Baghdad
Free market economy is facing in Iraq, which constitutionally recognized within the new orientation of the Iraqi economy after 2003, many difficulties are colliding with Government domination on the economy, which economists describe as "the most dangerous policy" on the country's economic sector growth.
Economist and former Planning Minister Mehdi Al-Hafez, in an interview for "Sumerian news, that" Iraq is a big problem for a future on the contradiction between the principles of free economy and State policy, and practice followed by bodies ", stating that" there is a problem now in Iraq and that country's financial administration and management, and exercise authoritarianism to unreasonable manner ".
Adds Hafiz it "cannot serve free economy which call him, because free economy is based on free initiative", adding that "this freedom cannot allow any government intervention outside the systems governing these activities".
Turn banking Adviser finds Ali Abdel Rasool, Super in an interview the cuneiform for "news", that "as long as there is a Government banking sector and the Government sponsor is possessed of resources equivalent to 90% of Bank resources, there will be no list of private banking sector.
Rasul said "as long as these banks is a provider of private-sector funding, these resources will find they have, therefore, not be able to meet its promotion and development", adding that "the chart shows that change with the mentality that we lived previously, when the oil in Iraq ends economic life".
Other experts joins to reject the Government's economic policies and operate from breaches and gaps in governmental banking to confirm Government Administration failed to file the country's economy.
As economic expert says peace til, Sumerian for "news", "this question refers to the issue and find openings and failure of the State administration of State banks.
And تتساءلت smism "why go private sector issue, rather we go mental state how we manage these banking regulations, now reflected in the performance of private banks.
And eligibility for its part called on banks to conduct wide-ranging reforms in banking regulations and modified in the control system of monetary policy and banking transactions in accordance with international standards in the step count private banks to restore the confidence of the Government.
Gulf Bank Manager calls for investment Abu Taleb Hashmi, in an interview for "Sumerian news, to reform the banking system to fulfill its mission of incorrect and incomplete", stating that "monetary and fiscal policy requires a clear strategy and vision of inclusive and joint Iraqi economy and address the serious imbalances in the structure."
Al refers to "the need to give sufficient flexibility without compromising risk systems and governance and transparency, strengthen and expand micro banking and accounting control based on international standards in this area".
Defines a free market economy with free markets and Government interventions, in addition to its operational capacity to maintain legal order and protecting public property and free from personal and special forces of cheats.
The Iraqi Government presented in April last year, 2010, in cooperation with experts from the United Nations for economic reform project includes restructuring the Iraqi economy in accordance with the requirements of the transition from the centrally planned economy to a market economy to ensure expansion of the productive base of the Iraqi economy by adopting free market mechanism and organizing your prices and external and internal trade.
The Iraqi Cabinet approved last year, five-year national development plan for the years (2010 – 2014) finalized revised by the Ministry of planning with the amendments proposed by some ministries into account authentication, and the bracketing and barriers between urban and rural areas and provision of infrastructure and social services, and generate new jobs and increase awareness and acceptance of the principles of sustainable development for integrated and coherent guarantee optimal investment and activation of human and natural resources in all governorates of Iraq, through increased throughput in particular among young people And women and increase and improve the quantity of water supplied for human consumption and quality and hard work to alleviate mass poverty in Iraq.
[You must be registered and logged in to see this link.]
