Call for international experience to help build Iraqi economy

Posted: September 2, 2013 in Iraqi Dinar/Politics
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09/02/2013 12:00 AM

called Academy economic government agencies to quote a number of experiments special economic countries advanced passed conditions similar to the conditions of Iraq for the purpose of developing economic sectors.

said Tahsin Ali told the (morning) that there are several states have passed conditions similar to the conditions experienced by Iraq (k Germany and South Korea) and other countries that girl its economy from the ruins of war and the ruins of the wrong policies. said Ali that Germany began the process of economic reform through reform of the banking business and the establishment of the largest bank to finance projects of industrial production, adding that it led to the establishment of industrial revival in that country and developed by in the ranks of developed nations.

drew academic economic to it is possible to benefit from the experience of South Korea, which has developed its economy through an alliance with businessmen and investors and attention to industries existing and developing them in addition to the expansion of the commercial capital and then turn it into industrial investments and fiscal policy for the benefit of industrial companies President, and the establishment of Export-Import Bank to provide financing for exports.

noting that the policy Korean included reducing government interference in the economy and the privatization of commercial banks and to cancel a number of laws and regulations impeding the economic activity and to seek regional balance and to provide a platform for social welfare.

between Ali said government economic agencies could provide feasibility studies in this regard and to consider the possibility of quotation experience of these two countries because Iraq needs a government reform of the banking system in addition to the advancement of the domestic industry and the development of production in order to achieve self-sufficiency and export the surplus of it.


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