THE FIRST PHASE OF THE TRANSITION TO THE MARKET ECONOMY IN IRAQ WILL CONTINUE UNTIL 2011

Economic Adviser to Prime Minister Abdul Hussein Al-Anbuge, Tuesday, Iraq started in 2009 to draft the economic reform in the first phase will last until 2011 to work on a gradual transition to a market economy, in cooperation with the United Nations.

He said Abdul Hussein Al-Anbuge told (Voices of Iraq) the Iraqi government "launched in 2009 and in cooperation with the United Nations first phase of economic reform in Iraq, which will continue until the year 2011 to a new phase starts after" noting that the project includes a "gradual transition to a market economy in accordance with paragraphs implemented on the ground by four teams interested in the work of each one of them next to a particular economic. "

The first team Anbuge that "the meaning of legislative reform, where we have a lot of legal obstacles that have prevented the transition to a market economy, taking into account that the Iraqi constitution stipulated that the economic system of Iraq is free" Moreover, "Article 25 of the Constitution also stipulates that the duty of the State carry out economic reforms for the transition and therefore became necessary for us to explain this vision and translate it to action items. "

The second working group is related to his work to "reform state-owned enterprises may be privatized or any percentage, without requiring to be sold entirely to the private sector, but starts to gradually shift" in order to maintain the "state's rights and ownership at the same time protect the staff and workers and the occurrence of shock the social aspect of the economy "in addition to this work is proceeding at the same time with the" third team to support private sector capabilities and knowledge of their problems, as there is in Iraq up to 17 thousand unemployed factory operation and are trying to find reasons for failure to perform its work. "

The fourth team will take care of "the promotion of investment and drawing his map and develop a strategy to him, and everything related to investment issues, then it could be our ability to transition to a market economy unless we have investors and the private sector is capable of investment, and lending institutions capable of providing banking facilities and other ".

According Anbuge the four teams "working for a year and come games in the field of legislation and the working mechanism and the transition to reform public institutions with which we started in three state-owned companies as a model waiting for approval of the Council of Ministers, to start working on 50% of the state institutions in the same way" as there are "Several methods can be adopted for companies that we are studying every one of them the qualities and characteristics differ from the other in the privacy of its transformation according to the status quo."
Asked told (Voices of Iraq) on the extent of benefit from the experiences of countries in the transition to a market economy, he explained Anbuge was "access to the experiences of many countries such as Poland, China, Egypt and Romania have benefited greatly from these experiences," As a result, we found "the importance of the development team the work of others working on the first tax reform and the other is the process of land reform "and that we have" important work to be done, a banking reform, and this system if it is integrated will be the first phase of transition to a market system according to the time limit issue until the end of 2011, and direct phase the suffix ".

In conclusion, Economic Adviser to the Prime Minister by saying "We have achieved much in the area of economic transformation is a complex subject and can not say Snthol and end up" because it cost expensive and needs to be funding and hard work, "noting that" some countries have begun to turn twenty years ago did not even finish it Today, we started the first step and continuing it. "
Wednesday, December 30, 2009

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