The economics of the private sector
8/14/2015 0 Comments
Ali Hassan al-Fawaz
Economies of the countries dependent on the presence and economic programs realistic, doable, feasible and in the expansion of interest, and in reducing the unemployment rate, and in the success of some economic development workshops ..
Central Bank of Iraq policy put itself in the context of the search for identity amid a lot of problems of the continent and potential, and figured that the bank aims to launch loans for small businesses Altosth will be part of the face Matbdy in the economic reality of these problems, and if determining the loan amount to JD 50 million and determine the timeframe for repayment within three or four years for these loans realistic target, inflation to escalate Taker will also be an obstacle to the success of such loans. Moreover, this endeavor will be unconscious for its value if not accompanied by the existence of a plan and a program aimed at activating the scientific and statistical base for the economics of the private sector, and with a protectionist and legal for the sector policies, it is not reasonable to establishing projects for industries and national as opposed to a random and unplanned goods imports can be produced locally. .
And regardless of concessions announced by the bank in conjunction with giving these loans, the presence of good environment and local markets will be is a big bet on the feasibility of Najat such loans, and to secure real opportunities guarantor of being reimbursed by the beneficiaries of the entrepreneurs, and attributes this environment you also need to a package of measures and laws, as well as the requirements of the regulatory policies can have to strengthen the path of this process to restore confidence in the private sector, and to secure guarantors areas to encourage craft skill level, and marketing industry and consumption, towards the reorganization of the sector and strengthen its role in the economic structure, as well as boost confidence in banks own important Xand official banks, which can ensure the agency agreement by the Central Bank of Iraq to secure such a specific and well-known loans and guarantees ..
The recovery of the private sector, and activate the policy loans by banks aims to expand the movement of labor and employment non-governmental organizations, as well as its role in creating economic spaces for development and to contribute to the diversification of national sources of wealth and overcoming the economic recession and reduce unemployment rates knots, and the creation of a national competition with imported goods ..
Thinking support own economies also requires serious review, and developing frameworks to regulate such economies in industry, agriculture, trade, tourism and other sectors, and in accordance with the market need and compensation for the importing, and away from the slums which have put such an idea in front of another face of corruption, speculation, and even the sale of projects the views become a professional in this aspect .. The obliging entrepreneurs of small and medium beneficiaries of these loans provide guarantees and warranties about the seriousness of this project, and even economic feasibility will be assigned to sustainability component, and save the money you spend on such loans of waste and exploitation, especially since the Bank CBI has launched last June amounted to $ trillion dinars for those banks to finance such loans, and to address the cash flow, which has become questionable phenomenon during the last few days the problem, which reflected negatively on the economic transactions and on the street and the citizen ..