Reform plans awaiting allocations and mechanisms of action

Reform plans awaiting allocations and mechanisms of action

7/24/2016 0:00

BAGHDAD Shokran Fatlawi

Said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation, on the parallels that initiate the private sector to reform itself and regulate the joints of his work to the best technologies that the world is witnessing.

He suggested Alnasiri «morning» in order to achieve the goals of the strategy of reform need to allocate the amount of the IMF loan is distributed according to the grant provided by the Bank to the government each time for a period of three years, which accompanied customization distribution to finance industrial and agricultural sectors, housing, according to the mechanisms Awaltalimat approved by the Council of Ministers to participate with private sector representatives.

Creation of an independent body

He pointed out the importance of creating an independent body for the private sector, undertake the implementation of the government's plans designed to support and stimulate the private sector in coordination with its representatives, pointing to the need to form a unified council to the private sector represents all unions and organizations, forums and meetings and sectoral public holds these parties elected under the supervision of the legislative, executive and judicial power, as well as subjecting distribution and exchange and finance operations for monitoring and follow-up, audit and evaluation based on audit firms
International.

General Federation of cooperation

Alnasiri He noted the need for the General Union of cooperation activated by stimulating and encouraging housing cooperative societies and the Municipality of Baghdad and local governments in the provinces to allocate residential land, sorting and preparing designs for the construction of cities and residential complexes in coordination with investment and private sector circles that the keys are delivered the citizen and the subject of distribution operations for Oatia income and resident slums and benefit from the World Bank loan fund in this sector to be subject of exchange operations for review and monitoring and auditing.

Nasiri said that the government through the Ministry of Agriculture and Water Resources inventory of arable land in all the provinces, including the provinces of Kurdistan and ask local governments to secure the requirements of supplies cultivate these lands and invest directly activates all graduates of agricultural colleges and institutes through a contract or with them with sector Special to cultivate and invest and marketing of agricultural production and the division of the income earned between the workers and the local government and thus achieved the first two goals and is an economic shift to the productive economy and the second is a social and young graduates run and transferred to the producers.

The launch of the electronic form

The Council of Ministers issued a decision during the past few days the release of the electronic form for promoting and facilitating the financing of the government's measures for small and medium enterprises and to encourage the production process in agriculture, industry, housing, support and stimulate the private sector.

He added that the investment allocated from the central bank's six trillion five hundred billion dinars, the amount is designed to achieve the government's plan to restructure the Iraqi economy and its transition from a rentier economy to a productive economy and give the private sector a key role in
Achieve it.

The central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives, which has identified and painted the road of reform and in accordance with the objectives of the main and foremost to support and achieve financial stability, activating the role of financial institutions and the banking sector, the development of the organizational structure and the organizational structure, development human capital and activation and integration of internal relations
And external.

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