Abadi: The government has planned a strategy to face the economic challenge

14/5/2016

BAGHDAD / Ibrahim Ibrahim

Stressed the Prime Minister Haider al-Abadi, possession of the government to the vision and strategies to meet the economic challenge in the country, while noting that the government program aimed at fundamental reform of the state, called specialize in economic affairs on the government to put a real austerity plan to reduce expenditures is necessary, which cost the budget a lot of money.

Information Office of the Prime Minister Haider al-Abadi, said in a statement received (range), a copy of it, that "the Prime Minister Haider al-Abadi chaired a meeting with agents and general managers in the financial, oil, planning and electricity and the central bank in the presence of Finance Minister Hoshyar Zebari and ministries."

The statement added that "the meeting discussed Alantmaia standby agreement with the International Monetary Fund and the ongoing negotiations around the strategies and plans of the government for the promotion of sectors."

Abadi stressed that "the government aims to fundamental reform of the state within the policy and program and plans have been developed in the public purview and there is international support for Iraq in this area," the statement said.

The Chairman of the Council of Ministers that "the government has the vision and strategies to cope with the economic and financial challenge that Iraq is going through as a result of lower oil prices," noting that "this matter gradually be reflected positively on the country and its citizens."

In turn, economist Mohammed Abdul Latif Al-Ani said in an interview for the "long" that "the government proved unable to find alternatives to the process and is guaranteed to increase its financial resources since the start of the financial crisis to date."

"The economic plans were limited to a focus to provide salaries for nearly 7 million employees between civilian and military as well as retirees and beneficiaries of the social safety net."

Ani said that "the few steps the government and the lagging since it was formed toward the economic crisis has been in accordance with the perspective of statements and unrealistic and left the prosecution of the biggest corrupt politicians and those with special grades who stole nearly $ 500 billion over the past 10 years."

He pointed out that "the private sector in Iraq's semi-disabled, due to lack of electric power even though the electricity sector, it has spent billions of dollars, but it is still faltering, because of financial and administrative corruption and poor planning that has accompanied the successive governments."

"The investment sector is still dependent only some of the projects that contribute to the increased consumption of imported materials that took local product in the Iraqi market niche."

Ani confirmed that "the government needs to process actual austere resources, daily and monthly Srvyatea in the fight against financial corruption hotbeds center according to the strategic plans to prevent waste of public money and control over the actual spending amounts of liquidity."

And endorsed Prime Minister Haider al-Abadi, Tuesday (10 May 2016) on the recommendations of the Supreme Committee for establishing controls the completion of the distribution of benefits Contractors process, while the distribution mechanism included a number of steps to ensure receivables.

Information Office of the Prime Minister, said in a statement received (range), a copy of it, that "the Prime Minister Haider al-Abadi approved the recommendations of the Supreme Committee for the completion of the distribution of controls dues contractors through the process of government bonds."

The statement added that "the distribution of entitlements mechanism to ensure the necessary steps to ensure payment of those dues-friendly manner."

The Council of Ministers decided in the (April 19, 2016) the formation of a committee headed by Minister of Planning and the membership of the governor of the Iraqi Central Bank and economic advisor to the Prime Minister and Financial Advisor to the Prime Minister and the Undersecretary of the Ministry of Finance, Undersecretary of Technical Planning, holds the structural controls and put the completion of the distribution of Contractors benefits process through government bonds, and submit its recommendations to the Prime Minister for approval within a week.

For his part, President of the Republic Search Fuad Masum, with Finance Minister Hoshyar Zebari, ways to support Iraq in its negotiations with international financial institutions in order to overcome its economic crisis and reduce the budget deficit. She said the presidency in a statement received "long", a copy of which, "The infallible received, Zebari in Baghdad," and discussed the financial and economic situation, as well as an appropriate reforms and the fight against corruption and the need to develop and diversify the national economy and developments in the political crisis. "

The statement added that the meeting was "particularly addressed ways to support Iraq to deal with the current financial crisis, plans and actions required in the light of the negotiations conducted by Iraq with the International Monetary Fund, World Bank and other international financial institutions to ensure Neil financial and technical support to the sponsor to go beyond the financial crisis and reduce the deficit in the current year's budget and ensuring reconstruction supplies ".

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