Nusseiri calls for the need to involve the private sector in the management of the economy in the next stage

The adviser, economic and banking adviser to the Association of Iraqi Private Banks Samir Nusairi, the need to review the laws governing the economic process and involve the private sector in the management of the economy in the next phase and the formation of the Market Council.
Al-Nusairi said in an interview on the sidelines of the symposium organized by the Iraqi Business Council in partnership with the Iraqi Institute for Economic Reform entitled "Scenarios on Iraq's economic and financial situation for 2018" and attended by "Economy News", "to discuss the program of economic and financial reform for the years 2017-2019 in line with the Convention Signed with the International Monetary Fund is basically based on the government's view of economic and financial reform, which was launched by the Prime Minister in 2015 and the government program with the need for radical and comprehensive change of all the negative aspects and challenges faced by the national economy during the bitter The previous stage of the stage of instability of security and economic mismanagement of public funds and the lack of clarity of economic methodology adopted. "
He pointed out that "the structural and structural imbalance in the economy and the challenges facing stability in the monetary system and the financial system, the deficit in non-oil revenues and the country's dependence on oil imports by 95%, the deficit in previous public budgets and the budget of 2017 and the deficit in the balance of payments led to confusion visions in both policies In the past two years, the Central Bank has been working with a department that believes in scientific, technical and practical development in accordance with international standards regarding compliance rules and regulations, combating money laundering, terrorism financing and risk management. The Central Bank is able to evaluate banks and classify them to serve the criteria of providing the best services to citizens and overcome one of the challenges of monetary policy and address the challenges facing the banking sector and beyond and create opportunities for development and growth for the next three years in line with the program of financial and economic reform of the International Monetary Fund.
Al-Nusairi referred to "the initiatives of the Central Bank to activate the economic cycle by allocating 6 trillion dinars to finance and operate small and medium enterprises, and allocated 5 trillion dinars to specialized banks (housing, real estate, agricultural and industrial) and trillion for private banks.
Calling for the need to review the laws governing the economic process and involve the private sector in the management of the economy in the next phase and the formation of the Market Council and be managed market market mentality, and that the reform and comprehensive change by adopting the foundations of the revolution of administrative and economic and adopt the methodology and vision for the years to 2030 as applicable In Saudi Arabia and the UAE not to rely on oil as a major resource. "

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