Al-Nusayri calls on the government to support and involve the private sector to achieve economic advancement
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Al-Nusayri calls on the government to support and involve the private sector to achieve economic advancement
Al-Nusayri calls on the government to support and involve the private sector to achieve economic advancement
3/13/2021

He said in a press interview with "Al-Eqtisad News", that international indicators, reports and expectations of "OPEC Plus" confirm that the instability of oil prices, up and down, will continue in 2021, at prices ranging between (50‐75) dollars a barrel at their best, indicating that according to the data that there is Relative improvement will happen for the years (2022-2023).
Al-Nusiri noted that the Iraqi economy, through study, capabilities, and available factors, can overcome the imbalances, deviations, and poor performance in the economic structure and achieve balanced and varied economic and structural reforms of the economy, with the assumption of continuing objective and subjective economic conditions in the country.
Al-Nusiri emphasized the stimulation, encouragement and support of the real private sector in accordance with the government's plan in the reform white paper, which aims to change the economic approach towards the proper strategic construction of the economy and to emphasize the adoption of the private banking sector as a lever for the economy and end the role of government banks as a basic arm of banking finance and create new foundations for balance and joint coordination For the return of banks to their financing and investment role and their transition from the role of banking to the developmental role.
He added that the focus is to move at steady institutional and legislative steps to implement the strategy for developing the private sector (2014 - 2030) and in accordance with the vision of Iraq 2030 based on the provisions of Article 25 of the Constitution which states (the development of a vibrant and prosperous national private sector that is locally initiated, regionally competitive and integrated globally with the aim of achieving economic diversity and development. Sustainable and job creation).
He indicated the need to leave the rentier economy dependent on 93 percent of oil revenues and to develop other vital economic sectors, agricultural, industrial, and tourism through, restructuring state-owned industries and a gradual shift towards the private sector, and encouraging partnerships with local and foreign investors as well as reviewing the environment. Legislative work for the industry and the provision of infrastructure to secure the requirements of a stable work environment, and the expansion of the establishment of industrial zones.
Al-Nusairi also considered improving agricultural production and livestock, providing effective supplies and treatments for fields and farms, maintaining irrigation and drainage projects, supporting agricultural products for export, improving the quality of seeds, and ensuring the state’s prices, as well as providing support to small and medium enterprises and activating the central bank’s initiatives to revitalize the economic cycle and grant soft loans. In order to ensure the availability of the elements of resilience and economic advancement.
And he indicated that the country is now suffering from a stifling and complicated economic and financial crisis. As a result of the continuing instability of oil prices in the global market, the requirements of the war on terror, the spread of the Corona pandemic for the second year in a row, as well as the mismanagement of public funds and the failure to approve the general budget for 2021.
Al-Nusiri hinted that the recent reports issued by the World Bank and the International Monetary Fund indicate the fragility of the Iraqi economy and the low rate of growth in the gross domestic product. And since the country has the elements of resilience and economic advancement, which is represented by the fact that it possesses oil reserves of up to 148 billion barrels, second in the Arab world and fifth in the world, and water resources in addition to a workforce estimated at more than 10 million people capable of work, and experts in economics and finance who possess academic and executive experiences, he can Overcoming the crisis and exiting healthy, by providing a suitable work environment and securing an encouraging investment climate to attract private capital and contribute to economic development.
Al-Nusiri concluded his speech by referring to the deficiency of the legislative environment for managing the economy and the laws that regulate economic work, which calls for reviewing and making fundamental adjustments for all of them in line with the new situation for managing the economy, to reduce the unemployment cases that rose to more than 30 percent and the poverty rate that exceeded 31 percent. Two negative indicators indicate the aggravation of the Iraqi economy crisis.
3/13/2021

Economy News _ Baghdad
The banking advisor and member of the International Union of Arab Bankers, Samir Al-Nusiri, called on Saturday the government’s Supreme Committee for Economic Reform, headed by the Prime Minister, to develop, support and involve a vital national private sector that contributes to achieving economic advancement and reform.
He said in a press interview with "Al-Eqtisad News", that international indicators, reports and expectations of "OPEC Plus" confirm that the instability of oil prices, up and down, will continue in 2021, at prices ranging between (50‐75) dollars a barrel at their best, indicating that according to the data that there is Relative improvement will happen for the years (2022-2023).
Al-Nusiri noted that the Iraqi economy, through study, capabilities, and available factors, can overcome the imbalances, deviations, and poor performance in the economic structure and achieve balanced and varied economic and structural reforms of the economy, with the assumption of continuing objective and subjective economic conditions in the country.
Al-Nusiri emphasized the stimulation, encouragement and support of the real private sector in accordance with the government's plan in the reform white paper, which aims to change the economic approach towards the proper strategic construction of the economy and to emphasize the adoption of the private banking sector as a lever for the economy and end the role of government banks as a basic arm of banking finance and create new foundations for balance and joint coordination For the return of banks to their financing and investment role and their transition from the role of banking to the developmental role.
He added that the focus is to move at steady institutional and legislative steps to implement the strategy for developing the private sector (2014 - 2030) and in accordance with the vision of Iraq 2030 based on the provisions of Article 25 of the Constitution which states (the development of a vibrant and prosperous national private sector that is locally initiated, regionally competitive and integrated globally with the aim of achieving economic diversity and development. Sustainable and job creation).
He indicated the need to leave the rentier economy dependent on 93 percent of oil revenues and to develop other vital economic sectors, agricultural, industrial, and tourism through, restructuring state-owned industries and a gradual shift towards the private sector, and encouraging partnerships with local and foreign investors as well as reviewing the environment. Legislative work for the industry and the provision of infrastructure to secure the requirements of a stable work environment, and the expansion of the establishment of industrial zones.
Al-Nusairi also considered improving agricultural production and livestock, providing effective supplies and treatments for fields and farms, maintaining irrigation and drainage projects, supporting agricultural products for export, improving the quality of seeds, and ensuring the state’s prices, as well as providing support to small and medium enterprises and activating the central bank’s initiatives to revitalize the economic cycle and grant soft loans. In order to ensure the availability of the elements of resilience and economic advancement.
And he indicated that the country is now suffering from a stifling and complicated economic and financial crisis. As a result of the continuing instability of oil prices in the global market, the requirements of the war on terror, the spread of the Corona pandemic for the second year in a row, as well as the mismanagement of public funds and the failure to approve the general budget for 2021.
Al-Nusiri hinted that the recent reports issued by the World Bank and the International Monetary Fund indicate the fragility of the Iraqi economy and the low rate of growth in the gross domestic product. And since the country has the elements of resilience and economic advancement, which is represented by the fact that it possesses oil reserves of up to 148 billion barrels, second in the Arab world and fifth in the world, and water resources in addition to a workforce estimated at more than 10 million people capable of work, and experts in economics and finance who possess academic and executive experiences, he can Overcoming the crisis and exiting healthy, by providing a suitable work environment and securing an encouraging investment climate to attract private capital and contribute to economic development.
Al-Nusiri concluded his speech by referring to the deficiency of the legislative environment for managing the economy and the laws that regulate economic work, which calls for reviewing and making fundamental adjustments for all of them in line with the new situation for managing the economy, to reduce the unemployment cases that rose to more than 30 percent and the poverty rate that exceeded 31 percent. Two negative indicators indicate the aggravation of the Iraqi economy crisis.
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04

» A strategy of cooperation between the government and the private sector to achieve economic reform
» Alaq calls on the ministries of state to cooperate with the private sector to achieve the e-government project
» Al-Nassiri: Government support to the private sector is the savior for achieving economic reform
» Minister of Trade: We are working to involve the private sector in various government programs
» Minister of Trade: We are working to involve the private sector in various government programs and to formulate trade policy
» Alaq calls on the ministries of state to cooperate with the private sector to achieve the e-government project
» Al-Nassiri: Government support to the private sector is the savior for achieving economic reform
» Minister of Trade: We are working to involve the private sector in various government programs
» Minister of Trade: We are working to involve the private sector in various government programs and to formulate trade policy
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Cabinet Approves Loan Agreement for Water Supply and Sanitation Project in Baghdad
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt