Economists say that Iraq is too late in the implementation of economic development projects

Economists say that Iraq is too late in the implementation of economic development projects
Tuesday, 06 January 1 / December 2011 17:59 | | |



{Baghdad} Euphrates News - Economists confirmed that Iraq is still behind in economic development.


The head of the Iraqi government had earlier predicted that Iraq tops the list of countries that have succeeded in economic development over the next two years.



He said economic expert and director of the Center on the Iraqi market Ke Ji told News} {Euphrates, "Iraq is still behind in development and investment laws and procedures because of bureaucratic red tape that characterize the Iraqi state."



"The Iraqi government did not work to strengthen its role in the implementation of investment projects, the concern that hangs over foreign investors about the security situation in Iraq."




He continued that "the problem of development in Iraq not to carry out development projects have priority for the needs of the citizens of the main services Bmtat water and sewer, housing and modern markets."



In turn, said a member of Iraqi Organization for Economic and Development Ibrahim al-Shara's Euphrates News} {"The 2011 budget has not implemented the projects and economic development are important because of poor planning and management, which suffer from the economic system in the Iraqi state."



Shara added that "the government's assertions that Iraq will top the list of countries that have succeeded in economic development but it is a form of fiction because of the economic legacy that has plagued Iraq."



He explained that "the development problem in Iraq is in need of economic security, legislation and both factors are not available in Iraq."




For his part, economist and President of the Association of Iraqi businessmen dominant al-Baghdadi's News} {Euphrates that "economic development depends on the extent of Iraq's ability to attract international companies to the task of implementation of investment projects."




He added that the "economic investment was not Najkha through the budget in 2011 because of political differences that companies fear the integration of markets in Iraq."



"The problem of administrative red tape and poor planning and follow-up one of the main obstacles that stand in front of economic development in Iraq."


In turn, the adviser said the Iraqi government's peace Quraishi Euphrates News} {"The Iraqi government has been able to accomplish a lot of projects that contribute to raising the country's economic development."


He explained that "Iraq needs to changes in the mechanisms for the registration of companies and activating the economic role of consultation with regional countries and the World."



The Central Bank of Iraq announced that the average per capita income of 4.5 Iraqi thousand dollars a year.

Defines economic development as the mechanism includes a high growth rate of real per capita income over an extended period of time on a regular basis and is important in increasing the real income and thus improve the lives of citizens and the provision of goods and reduce economic disparities between the social circles in addition to providing jobs for people in the community and provide food security.

The UN reports indicated that more than seven million Iraqis are living below the poverty line in the country despite the increase in the size of Iraq's oil exports to 2.5 million barrels per day

According to the Ministry of Planning said that Iraq needs U.S. $ 6.8 billion to reduce the level of poverty in the country.

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