Samir Nasiri: 2017 beginning of the road to economic advancement, led by the national private sector

Business & Finance

Economy News / Baghdad ...

Almscharalamsrvi and a member of the World Union of Arab Bankers Samir Alnasiri indicators that international reports and final meeting of the Organization "OPEC", according to the data, said there is a relative improvement in oil prices during 2017 will range between (55-60) dollars per barrel. He noted Alnasiri in his speech, "that the Iraqi economy and through the study, potential, available factors, he can overcome the distortions and distractions, and poor performance in economic structure and achieve economic reforms and structural balanced and diverse economy, with the premise of the continuation objective and subjective economic circumstances of the coming years the country until 2018 promised Alnasiri motivate, encourage and support the private sector, according to the government program and the first phase of the strategic development of the private sector (2014-2030) adopted by the government is according to a new vision based on the false article 25 of the Constitution, which states (the development of private sector and national vital and thriving Entrepreneurial locally and competitive regionally and globally integrated in order to achieve economic diversification and sustainable development and job creation) necessary and appropriate step. Unfortunately Mamajtt not achieved the contribution of the private sector by 35 Balmayh of GDP and run 30 Balmayh of the workforce and reducing the rate of unemployment to 6 Balmayh pointed to the need to leave based on a rate of 93 percent of oil revenues rentier economy and the development of vital economic sectors of agricultural and other industrial, and tourism through, the restructuring of state-owned industries and the gradual shift towards the private sector, and encouraging partnerships with local and foreign investors as well as, to reconsider the legislative environment for the work of the industry and the provision of infrastructure to secure work environment requirements, and the expansion of the establishment of industrial zones.

Alnasiri also counted, the advancement of the agricultural production, livestock and the provision of supplies and effective treatments for the fields and farms and maintenance of irrigation and drainage and to support the stomach of agricultural products for export and improve the quality of the seed and the state guarantee for the price projects, as well as support for small and medium enterprises and the granting of soft loans, Balkvelh the availability of elements of steadfastness and economic advancement. He stressed that the country is suffering now from the economic and financial crisis, stifling not passed since the nineties of the last century and the imposition of Alhsaralaguetsada, the result of a sudden and sustained fall in oil prices in the global market and the requirements of the war on terror as well as poor management of public funds, and hinted Alnasiri that the country in which elements of steadfastness and advancement available economic and is being has the second largest oil reserves in the world's water resources in addition to the workforce estimated at more than 10 million people able to work, experts in economics and finance have the academic and executive experience, we can overcome the crisis and get out healthy, by providing a suitable working environment and secure investment climate fans to bring private capital and contribute to economic development. He concluded Alnasiri his speech referring to the lack of legislative environment for the management of the economy and the laws governing economic action, which requires reconsider and make substantial modifications to all of them consistent with the new situation for the management of the economy, to reduce the incidence of unemployment, which rose to more than 30 percent and the poverty rate, which exceeded the 22.5 percent the two indicators Maan indicate a worsening of the crisis economy Alaraca.oajb implementation of the false budget in 2017 to give an important role for the private sector and involvement in the decision-economic and contribution Wan in economic life through the achievement of its contribution rates in the gross domestic product and reducing the rate of unemployment and the leadership of the market-making and thus diversify financing the general budget sources.


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