02/04/2011
Amid expectations of economists for activating the production Baghdad, Hussein al-Tamimi Tgb
Stressed the economic expert Dr. The appearance of Mohammed on the importance of creating a genuine partnership between the state and the private sector, to make economic sector is able to lift the local market of the vulnerability of several decades ago.
Salih said in an interview (morning): The country inherited an economic system totalitarian state controls more than 80 percent of his fortune, and this raises the degree of weakness in joints various economic sectors, which leads to the need to work toward the creation of new work mechanisms to facilitate the partnership process and to engage in projects the contribution of capital allows to find a production environment commensurate with the ambitious economists.
"The next stage requires to work towards the creation of economic sectors able to diversify the revenues of the budget and try out the status of the economy profit-taking, which accompany the reality in Iraq for several years, based budget today on oil revenues to cover the expenses of the joints State.He noted that the bank accounts of parallel development is still weak, due to many factors stand in the forefront of market risk, as well as the situation confused suffered by the financial sector, and the general budget annually beginning deficit and end surpluses, pointing to the existence of the assets accumulated for the State of up to 32 trillion dinars, and the State-owned banks say that they have a deficit at the time you find have a surplus of non-user generates a deficit of activity in the real, although it phenomenon is not new but are caused by poor regulation of financial resources, noting that 90 percent of the reality of the banking sector dominated by state banks and the CBI and the Central Bank of Commerce (TPI)..
Which is characterized by these banks that have weight and wide on the Iraqi economy and provide great services to the state, but the services it provides to the citizens are still to this day is characterized by deficient and weaknesses, in particular that the citizen today is suffering from the most basic services that must be provided, including account opening and the withdrawal of amounts of cash.
He added that financial reform and of upholding the restructuring of State-owned banks requires the consideration money of these banks and construction of a new, money belonging to the state, and said raising the degree of banking services is important in the coming period, because the Iraqi economy needs to develop all facilities in the industrial, agricultural and service on a different, and this is desperately needed to raise the degree of banking services provided to citizens, especially that the country needs to enter the foreign investment on a large scale and here show the actual need to banking services fast and evolving in line with the reality of the case new.
And continued talking, saying: in the country a number of banks of which must be meted out development bank, indicating that some of them began to promote mechanisms of its work and services are provided by an acceptable level but did not reach the goal to which we aspire.
Saleh stressed the importance of the synchronization process of banking reform with the adoption of mechanisms for the advancement of new productive sectors of industrial, agricultural, which requires redoubled efforts by government agencies and the private sector, to achieve the growth of productive benefit to the local economy, pointing to the importance of standing when all legislation related legal work and production and using them to fit the current stage.
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