April 25, 2010
Government provides a project to reform the Iraqi economy and stresses that the Cabinet be approved soon ...
The Iraqi government announced, Sunday, it is currently considering a bill for economic reform will contribute to increase the productive base of Iraq, noting at the same time that the transfer of the Iraqi economy from a socialist to a market economy requires a number of measures and steps that must be carried out by all the executive and legislative in the country.
The Secretary-General of the Iraqi Council of Ministers on the Keywords in a speech on the sidelines of the meeting organized by the Secretariat of the Council of Ministers on the Draft law on economic reform in Iraq, said that "This project prepared by the panel in the Council of Ministers in cooperation with the United Nations will be among the priorities House of Representatives next year."
The Keywords that "the meeting between the United Nations and the Iraqi side to study the draft law of economic reform is the cornerstone for economic development on the foundations that are consistent with the new Iraqi state," asserting that "The country needs to re-examine laws and regulations to keep pace with the development and completion of the central sharp".
The Secretary-General of the Iraqi Council of Ministers that "the bill of economic reform that is currently being discussed is an important framework and a strategy for making the economic movement in the country and is a project to manage the economic process in Iraq in the future," noting that "the Iraqi Council of Ministers will work to expedite the ratification of it."
The Keywords that "the law will contribute to the restructuring of the Iraqi economy in accordance with the requirements of the transition from a centrally planned economy, public economy to the private market to ensure the expansion of the productive base of the Iraqi economy for adoption of free market mechanism and regulation of prices and your internal and external trade."
The International Monetary Fund has demanded the Iraqi government over the past years editing certain sectors of the economy of state intervention through the withdrawal of the ad hoc support for industrialists and farmers, and reduce the current support of petroleum products, amounted to the country's reserves of foreign currency for the time being the end of 2009 to 42 billion dollars, After it was 27 billion dollars in 2008, after the rise in oil prices worldwide.
The International Fund has expressed appreciation for the economic reforms in Iraq, which included enhancing the Central Bank and the restructuring of two large public sector and the reduction of inflation, which reached more than 50% in 2006, was also considered that the payment of Iraq's dues, which was scheduled in 2009 reflects the success of Baghdad in the reform of financial policies and the exploitation of the substantial financial resources that derive from higher oil prices.
einnews
The Iraqi government announced, Sunday, it is currently considering a bill for economic reform will contribute to increase the productive base of Iraq, noting at the same time that the transfer of the Iraqi economy from a socialist to a market economy requires a number of measures and steps that must be carried out by all the executive and legislative in the country.
The Secretary-General of the Iraqi Council of Ministers on the Keywords in a speech on the sidelines of the meeting organized by the Secretariat of the Council of Ministers on the Draft law on economic reform in Iraq, said that "This project prepared by the panel in the Council of Ministers in cooperation with the United Nations will be among the priorities House of Representatives next year."
The Keywords that "the meeting between the United Nations and the Iraqi side to study the draft law of economic reform is the cornerstone for economic development on the foundations that are consistent with the new Iraqi state," asserting that "The country needs to re-examine laws and regulations to keep pace with the development and completion of the central sharp".
The Secretary-General of the Iraqi Council of Ministers that "the bill of economic reform that is currently being discussed is an important framework and a strategy for making the economic movement in the country and is a project to manage the economic process in Iraq in the future," noting that "the Iraqi Council of Ministers will work to expedite the ratification of it."
The Keywords that "the law will contribute to the restructuring of the Iraqi economy in accordance with the requirements of the transition from a centrally planned economy, public economy to the private market to ensure the expansion of the productive base of the Iraqi economy for adoption of free market mechanism and regulation of prices and your internal and external trade."
The International Monetary Fund has demanded the Iraqi government over the past years editing certain sectors of the economy of state intervention through the withdrawal of the ad hoc support for industrialists and farmers, and reduce the current support of petroleum products, amounted to the country's reserves of foreign currency for the time being the end of 2009 to 42 billion dollars, After it was 27 billion dollars in 2008, after the rise in oil prices worldwide.
The International Fund has expressed appreciation for the economic reforms in Iraq, which included enhancing the Central Bank and the restructuring of two large public sector and the reduction of inflation, which reached more than 50% in 2006, was also considered that the payment of Iraq's dues, which was scheduled in 2009 reflects the success of Baghdad in the reform of financial policies and the exploitation of the substantial financial resources that derive from higher oil prices.
einnews
