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Economist calls for Baghdad to approach the Kurdistan regionin economic development

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Baghdad Ambassador: News}

Revealed an economist specializing in monetary policy and development for the absence of strategic economic and indulging in political crises by the federal government stands are all behind the repeated failures of the plans five-year development prepared by the Iraqi Ministry of Planning, while likely to achieve Baghdad mutations great quality if followed an approach that goes by Region Kurdistan in the economic development and opening up to the free market. said the expert Majid picture in a press statement on Thursday: "The Iraqi government and the executive have failed for the second time in the success of plans five-year development which is placed under the supervision and coordination with the United Nations." development plans and failed repeatedly .. He Suri that "unfortunately, the two governments current and former Prime Minister Nuri al-Maliki failed to achieve or success of the five-year plan announced by the Ministry of Planning and cooperation with the United Nations." and the figurehead that the reasons for failure are limited set of things, notably "overlapping political action economist, conflict of government programs with plans five-year, non-implementation of the majority of the terms of five-year plans a final, political instability, lack of executive bodies in understanding the political, economic and development in Iraq, plunged the government in political crises, volatility of government action as a result political and security crises, "as well as" download public institutions more functional and neglect deliberate the private sector and Tnmami rates of financial and administrative corruption and the lack of a census. " said economic expert said: "despite the provision of a large number of international experts of the United Nations and the World Bank and the countries supporting Iraq for advice and guidance in the development of the plan five-year development for the years (2010-2014), but the failure Pat frequent. " This has shown the Ministry of Planning for a rise in inflation for the month of April compared with the month of April 2012 by (2.5%). said a press release of the ministry, received "Khandan" a copy of it, "said the Central Bureau of Statistics completed inflation report for the month of April 2013 which was prepared on the basis of field data collection "on the prices of goods and services components of the consumer basket of selected sample of sales outlets in all provinces of Iraq," noting, "The general index of consumer prices was (144.1%) in the month of April 2013 registered increased by 1.1% for Alshahralsabak, at a rate of 1.2% compared with April 2012. " at a time point when reports of the Ministry to bypass ratios of deprivation and poverty level exceeded 30 percent in the southern provinces. political chaos caused by atrophy ingredients for success: He Suri in his speech for "Khandan "that" the political chaos and lack of strategy in the joints of the federal government reflected negatively on the economic policy of Iraq and kept him in the economic climate is very bad. " said Suri that "the repeated crises that accompanied the years governments present and past Prime Minister Nuri al-Maliki blew all the efforts and economic plans and caused atrophy ingredients the success of the five-year plan that bet by the Iraqi Ministry of Planning before. " In a bold endorsed the Iraqi Ministry of Planning, the failure of five-year plan developed by the years (2010-2014), and confirmed that Iraq is still far from the border drawn by the United Nations development services. said Planning Minister Ali Shukri, in an interview with the media in Baghdad on the sidelines of the final session to discuss the report of the ministry with the United Nations Development Programme last week, about the progress in health and education services "The ministry has developed a program to work with the United Nations embarked on by more than two years to see progress in services in the provinces of Iraq. " said Shukri that "access to the extent that was drawn by the United Nations for Iraq to provide development services to its citizens is still far away," noting that "Five-Year Plan (2010-2014), did not achieve its goals due to lack of security and political stability." mono economy over the ambiguity of the future: He noted economic expert to many risks you may encounter Iraq's future economic result of unilateral economy represented by the oil sector compared to the collapse of infrastructure and the electricity sector and basic services, and the absence of Astmthar foreign real. " said Suri said "follow the federal government's policy Mtzbzh towards foreign investment in the Iraq and interference in the political work of the Iraqi Central Bank increases confined الاستمثار foreigner in the country. " and warned the figurehead of the "not to rely on economic diversification and opening the doors of economic investment for the major countries will keep Iraq late and retreating from neighboring countries and regional and possibly cause a decline in the increasing political interference in Iraq and control or subjected to economic policies specific, "noting that" oil prices high is that contributed to the improved financial budgets for Iraq and not to increase its oil exports or exploiting Moradh other. " He added that "any decline in world oil prices, which are mainly increased due to increased tensions in the the Middle East will topple the economy of Iraq and cripple the government's performance. " The Economic Commission representative has confirmed that the fluctuation of the exchange rate of the Iraqi currency against the U.S. dollar is an indication of the deterioration of the economic and increased poverty. A member of the Economic Committee Abdul-Hussein Abtan, during a press conference that "the exchange rate dinar in 2006 amounted to 1160 to the dollar against the dinar, and was a reserve central bank at the time of the coin about $ 10 billion, but today Valahtaati cash amounted to $ 74 billion but the exchange rate rose to 1,300 dinars in the markets. " said Abtan that "the low exchange rate of the dinar against the dollar is an indication of a serious deterioration of the Iraqi economy, as well as increase the problems of the poor and low income earners. " This has been announced by the Secretariat of the Council of Ministers on Wednesday, 05/15/2013, "The Council will hold a special meeting early next week to discuss the National Development Plan for the years 2013-2017" , also announced the General Secretariat of the Council of Ministers, said the council had agreed to "a bill exempting Iraqi and foreign companies implementing investment projects from taxes, fees and forwarded to the House of Representatives." The Maliki government has allocated $ 186 billion to implement the five-year plan, of which $ 100 billion of public budgets of the country, and $ 86 billion of the remaining investment projects, local and foreign. experience Kurdistan pioneering experiment .. Conversely describe economic expert Majid picture of economic development in the Kurdistan region of Iraq a "successful and promising," while the most likely to "verify Baghdad mutations great quality if followed the approach going for it Irbil in economic development and opening to the free market. " said Suri, "The political and economic pursued by the Kurdistan region has successfully achieved many economic achievements, which has proved its presence on the ground." said Suri, "The development plans that have been implemented over recent years in the region resulted in a significant increase in foreign investment and reduce unemployment, poverty and increase employment opportunities for young people. " And that "Iraq's Kurdistan region is the most advanced in the field of infrastructure and the electricity sector and services," adding that "the province follow the political, economic, enabled the private sector to promote and achieve breakthroughs the quality of it, "as well as" the region has become a promising opportunity for many international companies that aspire to start their investments, "he said.

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