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Sunday, 11 November 2012
Twilight news/World Bank cooperation with the Iraqi Prime Minister's advisers, fired three analytical reports on the management of oil revenues and economic diversity, and reform of the legal and regulatory environment to attract private sector investment.
According to a statement from the World Bank and the "twilight news", "shrift in Bank Kevin Carey kolaksz Siebel to provide such reports on the effectiveness of which was attended by a large number of government officials from various ministries, parliamentarians and international organizations and civil society participants, as well as the media and business representatives.
The Chief Adviser said Prime Minister thamir Al ghadhban, that "these reports provide many useful recommendations for the reform process under way in Iraq."
"We welcome the World Bank's support for our reforms, we look forward to identify ways that will contribute to the implementation of the recommendations made by these reports".
And reaffirms the country's economic memorandum (CEM) by statement on the importance of "management of oil revenues for economic diversification."
This report highlights the economic challenges faced by development policy in Iraq such as the sound management of the proceeds to reduce the growth of costs and volatility, and facilitate the development of the private sector.
The report of the public expenditure review (PER) should spend more efficiently to improve the delivery of services in Iraq, the main challenges faced by public spending in Iraq and provides policy recommendations on how to address these issues.
Recommendations include reorientation of fiscal policy to reduce dependence on oil and the volatility in oil prices, as well as promote economic diversification, and improving the management of oil revenues and efficient allocation of public expenditures to fiscal discipline for effective service delivery, public investment management framework to enhance the implementation capacity of the infrastructure projects.
The report said the investment climate assessment (ICA) on "the need to strengthen and reform the legal and regulatory environment in Iraq to attract private sector investment to facilitate the expansion of infrastructure and rehabilitation".
ICA recommendations include the establishment of a reform to oversee regulation of the private sector and increase the supply of electricity by public investment in power generation with the transport and distribution of energy, as well as to repair public facilities dealing with water and energy to become self-sufficient as well as investment in new infrastructure, improved water and transport.
The Special Representative said the World Bank in Iraq, Marie Helen brikenl, "pass the new procurement law is crucial for the reform process in Iraq and that this law is one of the main points of a regulatory framework in Iraq."
The Foreign Ministry Undersecretary for planning political and bilateral relations in search abaui Lapid 7 this month, with the representative of the World Bank in Iraq Mary Helen activities and projects of the World Bank to implement them in Iraq.
He said the Foreign Ministry statement received "twilight news" "Helen reviewed the activities and projects of the World Bank to implement them in Iraq in cooperation with Iraqi institutions in agricultural and industrial areas, service and investment.
"The World Bank representative in Iraq expressed hope that the Bank's activity in Iraq as a model for attracting investment in Iraq built in cooperation with the Office of the Iraqi ministries in Baghdad
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