Arab League hails Iraq's economic measures

2/22/2016 0:00

BAGHDAD - Farah pumice
praised Chancellor of the Arab League measures the Iraqi government in the face of the financial crisis, calling for an international award for Iraq in order to overcome the challenges caused by the decline in the sale of crude oil prices in world markets. And saw a consultant of international arbitration Arab League Najat Hussein in a statement »Sabah», that «the government's actions need an international award, especially that Iraq is passing through more than a year of economic crisis. She pointed out that the economic situation facing the additional challenge as a result of the high financial needs to face the terrorist organizations of the security forces, which cost nearly one-third of the general budget for Iraq processing costs. She said Hussein, a sovereign Iraqi businessman, said that «the country is not bankrupt, as described by some local media or Arab, as it has the financial reserves of about $ 60 billion, in addition to deposits and property of the bank Rafidain and Rasheed government balance is estimated at $ 300 billion, the highest in the Middle East and the region, she says.

And he praised the expert team of economic advisers working with the Prime Minister, indicating that they see and experience, but they are in dire need of international assignment. He announced the Information Office of the Prime Minister, Dr. Haider al-Abadi Earlier this month, the government put several measures and decisions concerning the subject matter of the five economic reforms, including the file, noting that the government's past steps to achieve restructuring of the economy in the country. Regarding the rapid and results of the government's measures, Hussein have shown that activation of the tax code has achieved good earnings in early 2016, they are allowed to pay the salaries of employees and retirees, and fully secure payments for this year.

However Chancellor that the country has confirmed the need for further economic reform, especially since he has a precious natural resources, in addition to the important sectors (industry, agriculture) and the possibility monetize your properly, as well as religious, archaeological and recreational tourism resource, urging on the investment of these sectors to meet the challenges including the reconstruction of liberated areas, which represents the weight of another, as well as the need to secure displaced persons and bring them back to their areas.