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Small and medium enterprises

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1 Small and medium enterprises on Thu Jun 07, 2018 12:54 am


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Small and medium enterprises

07/6/2018 12:00 am
Haidar Kazem al-Baghdadi

When the voices call for an economic revival in the country, it must be based on the existence of data that will drive the development goals of any country in the world.

Here in Iraq, we have to start moving the national economy, and this is possible, as we can walk the small and medium-sized enterprises to be the first in a series of sustainable economic development we seek.

The 1,000-mile journey starts with a step, and we will make our next step out of these projects that have achieved great successes in the outside world and have become effective in the world's largest economies and support large companies.

We have all the capabilities that would do this kind of projects, and at the forefront of these funding possibilities, where we find that the Central Bank of Iraq allocated about 6 billion dinars for this type of projects and can find the appropriate mechanisms to pass these funds to the market and make them contribute effectively to the economy the National.

Small and medium-sized enterprises (SMEs) are the starting point for the economic recovery process, which requires strong strategic plans to contribute effectively to the process of activating production and services in Iraq.

The strategy of development of small enterprises, as described by one of the international banking experts, means "the development of a national plan to support, encourage and sponsor these projects, so that the objectives are clear and determine the mechanisms and tools and procedures necessary to implement this plan within a clear timetable in line with the strategy of development on the one hand and the possibility of participation and coordination in Between the concerned parties in the country.

On the other hand, the realization of SME strategy means a set of integrated policies in different areas. Small and medium enterprises now provide 80% of the total employment opportunities and contribute With 90 percent of the gross domestic product, which is one of the most important elements of the strategies of economic development and development in most of the world.

"Iraq has the fertile land and the birth of a new generation of small and medium enterprises contribute effectively in moving the wheel of national production and create employment opportunities for a large segment of young people, In making the role of capital in a local framework that contributes to the strengthening of the national economy through the expansion of production, which means opportunities for workplaces for all disciplines.

Since small and medium-sized enterprises can cover all sectors, balanced development is possible with the availability of human capital and the market as well as finance.

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