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Economist: optimal payment on credit option and fears excluded despite its legitimacy
10/04/2012 12:00 am
Faltering implementation of infrastructure projects and weak investment pay him
BAGHDAD - Hussein Tgb Tamimi
finished project infrastructure much of the attention of Parliament, the government and economists decision-makers chapter in its economic feasibility and most importantly fill times citizens who are waiting for approval to bring them from returns social in providing services and opportunities Labour turned the project into the issue of this controversy and objection demonstrates fully aware of the importance of enriching any draft resolution clause to exclude political goals and so they are healthy in order to enrich the draft resolution and leaving an integrated project preserves the interests of all parties benefiting government and people as well as executing companies. Meanwhile announced desire 15 provinces approve the project while continuing owners experience assessing the project and display its advantages and disadvantages, leaving the decision-makers the final say in it. found in vision and analysis of economic expert Hassan Asadi some مايفيد to clarify the confusion about the project during an interview for the economic (morning) which tracks objectively and impartially debate on project in order to reach common convictions of the importance and feasibility of the project or not. legitimate concerns Asadi not far from the fears of some about the weights Iraq debts extra and this is no different by two, but taking from the perspective of another importance of this debt in solving the many problems afflicting the national economy, particularly the lack of Iraq to strategic projects that contribute to the return Iraq to refineries developed countries in addition to that the project will produce great services for the country is difficult under the potential current is not only financial but technology and human expertise, planning and organizational where Iraq's failure to achieve any useful project during the nine years from the time of change According to Asadi. exclude the phenomenon of corruption and sees Asadi said placed corruption that delayed the country and raised some and doubted that the project will contribute to the deepening will end, because the companies, which will cost in the implementation of projects characterized in maintaining their international reputation as that part of them has the money as far as Iraq's budget, as These companies will implement their projects without relying on loans from banks, in reference to the corruption nestles in the small companies that Atqoy implementation resorting to bribes at the expense of quality and this is often the case with large projects outside the potential of such companies. interest rate low and reduced economic expert fears of some in the weights Iraq debt because the global financial crisis hit most of the world and so the interest rate on the debt will be reduced by more than half of that payment be on credit The economic feasibility of the country at the moment, then that Iraq's failure to attract foreign investment despite the passage of 6 years on the issuance of the investment law and the lack of success in improving the investment environment including generates financial and investment indicators advanced international help to attract businesses. Prompting the government to think about the implementation of projects payment on credit. pointed Asadi said the budget deficit in the coverage of important projects and filling gaps in the side service, infrastructure and development led to the government resorting to try foreign investment did not succeed in this aspect also so resorted to a bill infrastructure payment method on credit as the best option to achieve the development goals. Asadi counting this option Balamthel because payment on credit is a contract guaranteed payment 100 percent and there is no risk in the capital for companies, pointing out that this law will encourage the attraction of investments and businesses because of the positives of this law stimulate the investment environment. problem Planning He repeated Asadi say I'm not against the fears of some of it legitimate and genuine when excluding goals and intersections political because it alarm bell for the government to prepare for the work to overcome them through the introduction of the necessary adjustments prescribed by economists and not others, pointing out that the problem of the country is the problem of planning in the selection of priority to any project, and even in this law problem arose planning at the level of need and implementation, so I call on the government to take into account the interest of the observations for the success of the law to انضاجه to the fullest and without accused of doing to the country list as described by al-Asadi. reality infrastructure and cautioned Asadi to placed great significance when pointed out that the infrastructure Current is able to afford the entry so the size of the business, I mean road networks current and railways, airports and transport so tell planning and without نتلكأ us in experience seventies good indicator where the roads were, for example, inefficient and not bear trucks and vehicles so reiterate our call for the attention of planning and study all the challenges before implementation. 's future development is promising and concluded economic expert Hassan Asadi his speech by saying that the future of development in Iraq and promising but with planning rationale for this matter and law infrastructure and payment on credit are through salvation country's economy from the downturn, underdevelopment and will contribute to creating prosperity for the Iraqis and their happiness and enjoy the wealth of their country, as I missed to tell the politicians that the success of this project will not record to the owners because the draft strategic shown to results only after three election cycles, but will be recorded for all Iraqis who are keen to create happiness of a people deprived for many years and is now entitled to receive the fruit of change.
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