Saturday, March 10, 2012

Calls for activating the role of the financial sector during the economic reform

10/03/2012


Although he worked in all the circumstances
BAGHDAD - Al Sabah
Claims adopting a policy of economic reform promote productive sectors and services is needed to have a monetary and fiscal policies in support of the reform process, and achieve the desired goals during the time periods required by identified according to strategic plans, minutes, especially that the Iraqi economy suffered the devastation and destruction after 2003 is widely, as well as the great neglect experienced by all sectors prior to that date for a period of decades.
Economic researcher Riyad Obeid Saudi said that the structure of the Iraqi economy was hit in the period after 2003 much of the deformation result of exposure to many aspects of sabotage material in the general areas of the country, pointing to poor economic policies of the incubator for this structure, which seeks to promote the strengths of the Iraqi economy and to address weaknesses emerging in it.
He noted that the financial sector, even in these difficult circumstances of sectors efficient components of the various markets, institutions and tools running on the mobilization of domestic savings, and then directed towards sectors and economic activities more efficient and profitable, it works to attract foreign investment to provide additional funding would undoubtedly finance development efficiently. Noting that when the heads of State for re-building the pillars of the economy, it is a must-have to surround the sector priority in the programs of economic reform Taatkhaddha to cancel or reduce the degree of restrictions on the financial system in order to enhance the level of efficiency and the liberalization of market operations of financial constraints, which hinder the Securities at the local and international. For More Click Blow.

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