Wednesday, April 6, 2011

Federation of Chambers: International organizations working in the country purposely damaged the Iraqi economy

Baghdad (news) .. detect Secretary-General of the Federation of Iraqi Chambers of Commerce Jaber Abdul Hussein Rashid of the existence of a fierce attack of some international organizations operating in the country to the detriment of the Iraqi economy.
The blessed in a statement to the reporter (Agency news) today, that there is an attack can be described Bacharsp of some international organizations operating in the country to the detriment of the Iraqi economy, noting that these organizations are providing advice to some official circles under the pretext of economic reform, but the goal is to the destruction of the Iraqi economy and not repaired.
As an example one of the international organizations when providing advice to the Ministry of Finance and the Iraqi Central Bank to raise interest rates to 23 percent in order to reduce inflation, indicating that inflation can be treated in several ways away from raising interest rates, which consequently led to the escape of the Iraqi capital to abroad, and some banking institutions embrace them.
And eight years after the fall of the regime in Iraq continues to economic development is the most important concern for stability and to bridge the open wound in Iraq, which require an investment of $ 200 billion dollars in the coming years to restore its economic strength.
Some Iraqi economists in interviews published sites that there is poor planning and mismanagement, and lack the ability to reach to the development of new laws and regulations, and there is mixing between the privatization of the economy and comprehensiveness, and there are no limits of known organized under the laws, so the chaos and contradiction leading the country into a state of economic vulnerability responsible for the continuing flight of national capital.
For his part, as much as the expert in the market for the Baghdad Stock Exchange, Abdel-Wahab, proof, money transfer Iraqis outside their country of more than $ 23 billion, on the grounds that each individual among the three million Iraqis move with an average of about eight thousand dollars since he left, and for the last eight. / End / (5. T. M)
http://www.ikhnews.com/news_view_11253.html

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