Central and small enterprises
21/6/2018 12:00 am
Dr. Basem Ibrahimi
The goal of stimulating investment in all its forms of economic objectives is important because of its positive implications on the overall output and therefore on the operation and entry, as is known, reaching this goal requires the integration of roles between all economic policies and the nature of the tools of those policies, and in turn sought monetary policy During the past years to achieve the objectives set forth by the law of the central bank in force and foremost financial stability, which is one of the pillars of the investment environment that promotes sustainable development in Iraq.
The current economic indicators confirm the success of the Central Bank in achieving the goal of financial stability and price during the last phase in terms of stability of the annual inflation rates that are still within the decimal point, and the exchange rate of the Iraqi dinar, which represents the nominal stabilizer of inflationary expectations is moving within its target rates, Is important for real investment, especially after the Central Bank through a number of measures to close the gap between the official price and market price, and thus end the state of volatility and speculation.
In order to move the investment wheel, especially in light of the double crisis (financial - security) suffered by the Iraqi economy during the past years, monetary policy has seen a shift in tools towards the use of non - traditional instruments or what is known as the policy of quantitative easing, as well as increased coordination with economic policies The other was the central bank deducting treasury transfers with a value of more than 16 trillion dinars.
It also launched two financing initiatives: the first for large projects worth five trillions dinars through specialized banks and the second for small projects worth one trillion through private banks.
In spite of the high oil prices again to exceed the threshold of seventy dollars and thus the possibility of providing funding for projects through the budget, but the Central Bank announced the continuation of the development initiative and keen to review the experience to develop and this is important in the context of strengthening the development aspect in the private sector specifically,
In this step, we call on banks and media to shed more light on this initiative to enhance their results in support of microenterprises, which are today the key to growth and employment in many countries of the world.