Abdel Mahdi stresses the need for the survival of an independent central bank

Posted: January 12, 2011

Baghdad (news) .. Vice President Adel Abdul-Mahdi, the need to keep the Iraqi Central Bank independent of and not allow for the impact on fiscal policy or financial prejudice to its origins.
A statement from the office of Abdul-Mahdi received Agency (news) on Wednesday: that the Vice President of the Republic sponsored a panel discussion yesterday on the prospects Ttoiralaguetsad Iraqi and promote private sector investments and attended the meeting Shabibi Iraqi Central Bank Governor, and Saberalisawi Mayor of Baghdad, the central bank adviser Mzarmohamd Saleh, Ibrahim al-Baghdadi, head of the Iraqi Business Council, and a large number of businessmen, investors and managers of private banks in Iraq.
And the Mahdi: that the Iraqi economy is still economical Rieia depends mainly on oil imports, and should work hard to diversify the national Massadraldkhal by encouraging businessmen and investors and to provide opportunities Alastosmaromamanm.
He stressed the need to keep the Iraqi Central Bank retains its independence and not allow for the influence on fiscal policy or prejudice to the origins of Finance, pointing out that agriculture and industry in the country Asabhma neglect and vandalism and does not constitute Mentugema only a small percentage of the national production-General calls for development of plans and scientific thought to increase the pace of production in those sectors vital and open investment.
And Asttrdabd Mahdi: there is a lack of strategies that regulate the banking sector in Iraq, and economic process without a banking system successful in futility, “stressing” the importance of supporting the private sector and providing the requirements of promotion, as well as encourage private banks as playing a key role in building the country’s economy .
The statement said: “Some speakers hinted at the talk that the Iraqi constitution to the stage after the fall of the former regime, said the adoption of the policy and the market economy, but the region’s reality Chaiban added that the government is still captures all the joints of the economy and the economic process in the country.
The statement stressed: that those speakers stressed the need to restore life to the private sector and civil banks and the importance of activating the investment law, and that there is an urgent need for government decisions that do justice to the private sector and encourage its economics as well as support the policy of the market.
The statement noted that “some of the speakers noted the need to build an industrial city a modern and sophisticated on the outskirts of the capital, including housing for workers and the plant to generate electricity and transportation network actors as well as factories and plants that contain them, to suit the stage Tauferspl industry promotion next Iraqi.
He concluded the business, “according to the statement” to the need for there to be advisers from the private sector accredited institutions and ministries concerned with the economy, industry and development in the country to Issaraly take advantage of views and experiences, representing the side of the field of the process the country’s economic contribution in advancing development and economic recovery expected in the country “.
http://bit.ly/hRCNYb