GOI is responsible and has a priority to transition to a market economy; Economist calls for economic reform

Posted by on Oct 29, 2013 | Leave a Comment

Priorities for the transition to a market economy

10/23/2013 12:00 AM

warned an economist that the economic reality and the existing social in Iraq requires a bigger role for the state without confined to the general budget, but stressed the need not to overlook the role of the private sector in this activity, calling for the need to lay the foundations of modern economic order to ensure investment full resources and diversifying its sources and encouraging the private The development of the private.

said economic expert d. Emad Salem “morning”: that Article (112) Second, the constitutional basis for the characterization of the economic system in Iraq as a market economy, pointing out that this article provides that the federal government and the governments of the region and producing provinces together draw a strategic policies to develop oil and gas wealth, including achieves the highest benefit of the people supported the latest techniques of market principles and encouraging investment.

Called to the need for economic reforms and to identify priorities for the transition to a market economy, pointing out the importance of providing sound foundations for the realization of the process by completing the necessary legislation and put it into practice.

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