Iraqi economy is progressive though it lacks vision and security is a major concern

Posted: September 2, 2013 in Iraqi Dinar/Politics
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01 Sep 2013
A member of the Parliamentary Committee on the economy stated that Iraqi economy is still stalled in place, pointing to the absence of true vision to elevate it.

MP, Mr. Amer stated, “The economy stalled in place and there is no true vision to elevate it,” he said, “If you look at the economy, it is moving towards the gradient and improvising the economy, but a lot of regulations and instructions hinder this progress.”

He further added that there are laws legislator who needs to reconsider fully because it is not consistent with a backward economy and global economic development.

Further his statement pointed out, “The Central Bank determines the activities of banks and banks with the Bank’s ability to re-consider and issue instructions and laws commensurate with the current situation in the country and even if it needs to legislation can our committee that contribute to this, because the diagnosis of the problem.”

He remarked that the formation of the graduate is responsible for the economic development of the country’s economy and not the government because it has no economic vision; especially that Iraq has become a country a result of these cash current plans.

Attribute a lot of specialists in economic affairs deterioration of investment to the deterioration of security happening in the country, especially in the current period, as witness the country deteriorated security is detonated car bombs and improvised explosive devices. It has to be noted that presently in Iraq terror is looming all over as recent attacks over Iraq pipelines and common masses of Iraq are raising concerns for the investors. The investors are concerned for the future of the country, while government has failed to take strict measures for stopping such activities and activists.

However, there are some positive sides too, and that is why Iraq has to get rid of its terror-related problems – just to secure that the country remains a safe haven for the investors. Otherwise, desired economic growth will never happen.


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