The government plans to form a "Council of the Iraqi market," the private sector calls for "non-dramatize" the financial crisis


Government officials stressed the importance of the role of the private sector in improving the situation in Iraq and the advancement of its economy, and revealed the government's efforts to form a "Iraqi Market Council" over the next year in 2017, as a basis for understanding and partnership between the two parties, and was charged with representatives of organizations and unions professional government "not to open" doors after to take advantage of the private sector or experts, called for a "no-dramatize" the current financial distress.
The head of the Iraqi Business Council David Abdul Zayer during a joint press conference held at the Council's headquarters district Arsat Indian in the Karrada district, central Baghdad, and attended (range Press), "The Council today opened its new premises and held a seminar with the participation of a group of government officials and deputies," noting "The seminar talk and put the true image of other organizations outside the framework of the state and put forward several proposals which, in the framework of the Council's role to provide opinions and advice to the government to solve the problems between them and the private sector."
Abd al-Zayer said that "the Council deals with the two channels governmental First, the advisers in the Presidency of the Council of Ministers, and other legislative represented by the Commission on the economy and investment representative," adding that "the government is obliged to invest their projects to meet the operational requirements of the budget and supplement the state treasury, including help in overcoming the current crisis, By taking advantage of border crossings, airports, trains, hotels and government banks and the collection of water services and wages, as well as government agencies that operate self-funding. "
He accused the head of the Iraqi Business Council, the government "not to open their doors to listen to the private sector or experts Despite the current situation requires it," attributing the cause to "interlocking situations that pass by."
In turn, the prime minister for economic affairs adviser said the appearance of Mohammed Saleh in a speech during the symposium, "The next year, 2017 will see the formation of the Iraqi Market Council, to be a bond of understanding and partnership between the state and the market," pointing out that "the market Council should include the Iraqi Business Council and the Union Chambers of Commerce and the Federation of Industries and the Federation of Iraqi businessmen, to be active and influential. "
For his part, President of the National Investment Commission Sami al-Araji, said in his speech during the seminar that "the Authority is currently developing regulations and instructions that came in the second amendment to the investment law, which was released early in January 2016 of this, in order to clarify its paragraphs job contributed by the private sector estimated at large ", it can be returned," the private sector to contribute to an active role in helping the Government to overcome the current economic challenges. "
Araji acknowledged that "the governments of the post-2003 budget did not invest the power of Iraq to move to a market economy," and expressed hope that "contributes to the private sector in general and the Iraqi Business Council in particular, to see contribute to the advancement of Iraq."
In turn, President of the Trade Bank of Iraq Hamdiya Dry said in her speech that "the bank has been and remains supportive of the projects of the Iraqi Business Council, where the cooperation is successful," and stressed that "Iraq needs more than ever to cooperate serious and constructive between the business banking sector."
Meanwhile, President of the Federation of trade rooms Jaafar al-Hamdani called in his speech to "not dramatize financial distress with Iraq now," adding that "Iraq was able after the year 2003 from the management of its affairs budgets ranging from seven to 30 billion dollars, while the current budget of more than sixty billion dollars. "
Hamdani stressed the need not to "stumping on the existence of crises and problems in the Iraqi market," adding that "the concerted efforts of the private sector and the government Parliament can contribute to solving the current economic crisis in Iraq."
The decline in world oil prices more than 60% compared to the summer of 2014, led to the Iraq face a severe financial crisis, the government was forced to adopt austerity policy, and stopped the majority of public projects.