Iraq ~ Consultant: the economic reform process requires activation of the private sector

Wednesday, 14/12/2011

Consultant: the economic reform process requires activation of the private sector

Baghdad, Called on the Adviser to the Prime Minister for Economic Affairs Abdullah Al-Hussein

Anbuge to the need to adopt a clear program of economic reform, and that the private sector an active role in achieving growth in all sectors.

He said Anbuge (of the Agency news): The economic reform must begin to direct government spending in the paths serve to activate economic sectors, pointing out that the phase transformation to a market economy requires a private sector a more active role and be directed to the economy of the country, explaining: that thus went require a banking system capable of mobilizing large financial savings expected by Iraq, especially that coming on the stage of economic growth and broad, as well as follow-up of the various economic projects, and stand at the economic feasibility of them earned.

He Anbuge: that the economic reform process requires that the head of government banks towards lending to private banks, to expand its work and services that must be provided to the local economy.

The majority of economists calling for concerted efforts of the private sector and government to develop the local economy by examining the reality of work, legislation and legal requirements of international companies.

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