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Warnings of the impact of the political crisis on the economic reality of the country
Date: Monday 21/5/2012 7:00
Baghdad / follow-up long
warned MPs and economic experts from the continuation of political conflicts as a strain of the Iraqi economy and threatened to "collapse stressing the importance of political stability in building a national economy strong." The economist said Bassem Jamil Anton, according to the Agency (news): The continuing problems between the blocks political will of the country to a major economic downturn by reducing the movement of investment, lack of economic visions of the strategy by the officials concerned with the economic aspect.
He added, Anton: The one prerequisite for investment and economic growth in the country is the existence of political stability and the Government of homogeneous, because the conflict gives bad message to the foreign investor and suggest to him that the Iraqi environment unstable political and security, which will lead to a reluctance to come to Iraq, pointing out that the problems run responsible for the economic side and weaken economic visions and the movement of investment to the country, making it vulnerable to the collapse of a major economic difficult to treat.
He Anton: that conflicts affect the stock market is also making the index oscillating as well as increased prices in local markets, noting that the development of the Iraqi economy and the advancement of it depends on political stability in the country, because the process of advancement comes through investment, the investor does not enter in an environment dominated by political conflicts, stressing that the economy is part of the policy and its effect directly by, and political stability means economic stability and vice versa as well.
and Oaza decision of the Finance Committee in the House of Representatives Ahmed electrodes causes the instability of the dinar exchange rate to the political crisis continued that made traders and high net worth individuals fear for their money and pull the dollar from local markets.
said electrodes The political situation is closely linked to the country's economy, if there is political stability, the economy will stabilize, and vice versa, explaining that political differences also prevented the adoption of oil and gas law, which guarantees the rights of the provinces producing oil and gas.
Meanwhile, member of the Committee on Energy and Oil in the House of Representatives Furat al-Shara has provided drafts of the oil and gas law, one of them by the government in (2007) and the other was drafted by the House of Representatives, But political differences continued for the failure to agree to provide one of the drafts to the Council for a vote. A member of the Committee on Economy and Investment Aziz Mayahi that continued political disputes affecting the investment because investment companies, foreign need for a safe environment, to ensure that their funds.
said Mayahi The political conflicts dampen the interest of investors to come to Iraq, affecting the economic situation, and the aggrieved latter would be the Iraqi citizen.
For its part, confirmed the Ministry of Planning that the political problems led to the delay (the census) is important for economic development.
A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi said the political problems delayed the implementation of the census population which helps to plan the economic development of sound in the country.
He added that the economy and politics take turns to lead the vehicle market in general, "In the case of a political crisis, we note an increase in prices and high exchange rate of the dollar, indicating that the economy is closely linked to politics.
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