Alnasiri in an interview with the morning newspaper: we need a new approach diversifies resources



BY SAMIR ALNASIRI

PUBLISHED IN 04/20/2016


Financial expert Samir Nasiri called for the need to have an economic approach decree and is based on several important economic pillars adopt a new philosophy for the management of the economy and achieve the central goal of creating sustainable development [...]

Financial expert Samir Nasiri called for the need to have an economic approach decree and is based on several important economic pillars adopt a new philosophy for the management of the economy and achieve the central goal of creating sustainable development and the achievement of diversity in the resources and the development of economic and human infrastructure for the proper construction of the Iraqi economy and build introductions transition to a market economy social. He added in an interview with «morning» We need serious work of economic transformation, we should look to the future and the possibilities available and the roadmap realistic and ambitious management and distribution of public funds in a transparent and impartial to be the beneficiary in the results and outputs of the people and depends feels the citizen that the national resources and its bounty dedicated its economy to ensure a decent living as Word in the permanent Iraqi constitution and to achieve the well-being of the community.

Success Stories

He Alnasiri need for a new reformist approach by our experts and Iraqi competencies and good Not reliance and the use of international experts, particularly from countries that have successful experiences in economic construction in recent history and similar to us in some circumstances, problems, and can be learned from Japan, China, Malaysia and Singapore experiences and some other countries that the social market economy system were adopted. Alnasiri out the possibility of determining the road map to achieve the approach of economic reform in Iraq, according to several data, the most important of the formation of the Supreme Council for economic reform that prescribed for him binding law for the ministries to implement the decisions and has a follow-up, monitoring and evaluation headed by the Prime Minister and membership of a group of ministers and experts the power to technocrats in the public sector and private, indicating the importance of policies and mechanisms put to diversify financing sources and the general budget and not rely mainly on oil only.

Decentralized management

He noted that the orientation of reform requires a transition to a decentralized economy, administration and transfer the necessary powers to local governments in the provinces that led the boards of technocrats and independent, as well as to achieve sustainable economic development and the creation and the creation of the investment climate for local and foreign, motivate and encourage them to investors and ensure the contractual rights to attract their capital and protect them from the pressures of spoilers

He said the reform axes must include the provision of soft loans to finance small and medium enterprises and the establishment of legal and institutional system for the management and development and development, as well as issuing and amending the legal environment for the organization of the economic process laws and the means here to issue new laws rather than laws passed in 2004 by the US ruling.

Activating investment

Alnasiri stressed the need for activating the investment in the agricultural and industrial sectors, energy, tourism and services, construction and housing, as well as work on the reform of the banking sector through a review of the monetary policy and regulate the relationship and the constraints that fiscal and monetary policies control applications, as well as to go hard to reform the tax, financial and customs system. And the importance of addressing cases of failure to achieve the required growth rates in the national income and exceeded the rise in unemployment and poverty, which indicates the last reports that the Iraqi economy shrank by 2.1 percent and increased trade deficit, which exhausted the reserves of foreign currency of $ 67 billion to $ 54 billion in the end of 2015 and is currently less than $ 50 billion and the unemployment rate of 31 percent and the poverty rate of 25 percent.

Source: Al-Sabah, April 19, 2016

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