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A market economy requires the implementation of direct contracts

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tlm724

tlm724
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A market economy requires the implementation of direct contracts
 
3/1/2014 0:00
Baghdad, Mustafa al-Hashemi liberate the country from the shackles of Chapter VII showed the need to strengthen the economy and facilitating the procedures of contracting directly with foreign companies after it was economic sanctions prevent direct contracting only by an international mediator that shares down infrastructure and the emergence of cases of corruption are many, especially in the oil for food program and medicine. In this regard, the expert said academic Economist Dr. Essam Mohamed Hassan said that Iraq would emerge from Chapter VII Pat gives him the freedom to make contracts directly with investment companies for the reconstruction of infrastructure and without the need for an intermediary. added Hassan told the (morning) that it is necessary activating the economic side, especially after the demise of the constraint that was tying the country during the last two decades, indicating that business contracts which was conducted by the Iraq previously been marred by many cases of corruption, especially within the oil for food and medicine.explained that the engagements undertaken by Iraq, whether governmental or a private sector that will draw a clear picture of the implementation of the projects, it's also so shorten the time and effort in the event of poor implementation or otherwise on the topic of processing and commitment to implement the terms of the contracts. called Mohammed Hassan competent authorities not to continue contractual indirect with companies and liberation actual constraints of Chapter VII of the Charter of the United Nations, indicating that the labor market economy requires a contracting direct to promote opportunities for competition among the productive sectors of both public and private sectors. noting that Iraq's entry into Chapter VIII of the Charter of the United Nations, would bring various investments, especially in the field of infrastructure to achieve economic development in line with the new economic reality of Iraq. felt that the government contracting current are not in line with international developments in this field for a lack of clarity of some of the legislation in the field of the contracts, or the continuation of work in accordance with the requirements of Chapter VII, as well as the qualifications of professional staff working in the field of government contracting weak. stressed academic economic that the issue of direct advocacy and style of implementation of the projects in a manner Dex in turn would lead to the strengthening of contracting procedures and follow-up of contracts as it will reduce significantly the incidence of corruption, noting the importance of developing a system of contracts in Iraq and the need to make efforts for the rehabilitation of cadres working in the departments of contracts in each government departments and training on how to conduct the contract for the purpose of benefiting from the development of expertise in this area.
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tlm724

tlm724
ADMINISTRATOR
ADMINISTRATOR

[tlm724] the way I see this is that they are still operating under the "old ways" as far as contracts being signed and then implemented, still using the rules and legislation from when they were under the constraints of Chapter 7. It's now time to turn the page on that chapter of Iraq's history and begin doing business according to modern, free market economic practices.

[tlm724] What I found interesting was the reference to Chapter VIII of the UN Charter which states this :


CHAPTER VIII: REGIONAL ARRANGEMENTS
Article 52

   Nothing in the present Charter precludes the existence of regional arrangements or agencies for dealing with such matters relating to the maintenance of international peace and security as are appropriate for regional action provided that such arrangements or agencies and their activities are consistent with the Purposes and Principles of the United Nations.

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[tlm724] IMO I believe this article is referencing the IMF Chapter VIII rules as it does not have anything to do with regional disputes etc... as stated above in the UN notes. So as they move forward it is obvious they are gearing up to play with the big boys, become compliant and do that "quantum leap" we have been looking for !


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Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

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