Economists: the failure of five-year plan in the country
On: Thu 1/19/2012 7:53
□ Baghdad / term
A number of economists that the five-year plan did not prove successful in the implementation of investment and reduce unemployment and poverty in Iraq, arguing that the effects of political differences in this plan and impeding their implementation.
The economist said Bassem Jamil Antoine told the Kurdish news agency (Rn): The five-year plan launched in 2010 has not achieved its potential after two years to begin implementation as the poverty rate by 23% did not fall to 19% as planned at the end of 2011.
He added that the unemployment rate was in 2010 amounted to 15% predicted by the Central Statistics to arrive at the end of 2011 to 13% at least. "
He pointed out that government investment was supposed to be the last two years has reached seven billion dollars, but that it did not happen despite the fact that the budgets of the past two years amounted to $ 180 billion. " In turn, member of the Chamber of Commerce of Iraq, Kamal Mehdi (Rn) that "the five-year plan plan a default which is not ripe for the application and can not be implemented on current economic realities, because it requires a lot of legislation and administrative facilities."
He added that "Such plans require that the ministry can actually address the problems facing the implementation of the five-year plan, but it could not because of lack of management talent that possess the expertise to implement such projects. "
He noted that "Iraq is paying a lot of the price due to lack of planning and a clear, balanced and consistent with the economic reality of Iraq."
For his part, said the spokesman Spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi (Rn) that "the Ministry of Planning decided to begin the five-year plan from
2013 to 2017 due to political differences and the security situation was hampering the implementation of the security plan. "
He pointed out that "the plan developed by the Ministry is not a default because it was based on the reality of engagement with the private sector and there are 2700 project that will reduce poverty and unemployment and the expansion of investment business in the country. "
The Ministry of Planning that the rate of economic growth will reach according to the strategic plan set by the ministry to 47% after it is completed in 2014.
The IMF International confirmed earlier that the economic growth of Iraq has been slower than expected during 2010 in the Economic Review of the Fund, due to expected growth in oil production.
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