Al-Nusairi calls for generalizing the experience of the Central Bank in involving university professors and experts in consulting and decision-making

by **claud39** Sun Jun 27, 2021 10:21 am

Al-Nusairi calls for generalizing the experience of the Central Bank in involving university professors and experts in consulting and decision-making

06/27/2021

Economy News _ Baghdad

On Sunday, the economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, called for the generalization of the successful experience of the Central Bank in accrediting experts specialized in economic and financial affairs and academics from university professors in the specializations of monetary policy and banking in the Board of Directors, banking advisory committees and other technical committees, in addition to representatives of the banking sector and involving them in discussing policies, applications and decision-making that serve the banking activity.

Al-Nusairi said in an interview with “Al-Iqtisad News”, that “through discussion, analysis and study of the economic reality that Iraq is going through, it is necessary to stand by logical, scientific and economic analysis on the most prominent axes that require finding solutions for them in the next stage with the aim of building sound premises for the transition to the proper construction. To the economy and to give a role to the national academic expertise specialized in making economic decisions, and for the purpose of implementing the monetary, financial, commercial, industrial and agricultural policies’ applications requires the ministries and economic institutions concerned to have an active role for private sector experts in all its banking, industrial, agricultural and service fields to participate and cooperate in the implementation of the strategy of development, reform and economic advancement in the directions that achieve interim, medium and long-term goals.

He stressed the need for special care for experts, university professors and Iraqi competencies in the private sector in the areas of economic and financial work, and adding them to specialized committees in ministries and economic institutions.

He pointed out that "this means involving experts and the private sector with a greater role in managing the economy," pointing to the need for "a representative of the private sector experts in the Ministerial Council for Economy in the Council of Ministers, in the Higher Committee for Economic and Financial Reform, and in opinion bodies in the relevant economic ministries and in special follow-up committees. To follow up the implementation of Cabinet decisions related to economic affairs.

Al-Nusairi concluded that there should be a clear vision of the role of the private sector for the new phase and the involvement of experts, non-governmental and academic specialists in the implementation of the comprehensive economic, financial and banking reform program.

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