Millionday News 4/8/14 Post By Rudie Part 1
Welcome to news time with Millionday! Tuesday Night
[millionday] Centre for Private Sector Development in Iraq (PSDC), which was held under the auspices of the advisers with the support of the World Bank under the title "for Iraqi economy stronger,"
the need to promote a competitive and inclusive private sector through building trust between the public and private sectors as well as to call for economic reform and activities geared toward a market economy
this Macdh chairman of the private sector Khaled Mahdi during a speech in which he said that the conference aims to activate the role of the private sector to identify obstacles that limit the development of its energy production and impair its ability competitiveness through dealing with the rapid technological developments and modern means of communication,
accompanied by free movement of capital. theory and reality of his part, Undersecretary of the Ministry of Planning.
[millionday] note -- the call for the entire economic reform, reality of rate, private sector, and the best -- movement of money (capital)
[millionday] Mahdi Mohsen Keywords presentation on how to promote economic development under the theme "Investing in Iraq between theory and reality," pointed out in which the importance of achieving harmony and consistency in the direction of national development plans and identify tracks and visions,
pointing out that through this work will be to provide an important criterion to evaluate achievements in Light convergence or deviation from the developmental pathways as well as the possibility of standing on the challenges facing the growth and development of the private sector,
which has faced internal challenges composite of weakness and imbalance aspects of administrative, legal and palaces of infrastructure and basic services, as well as the challenges of self that are related to weak institutional arrangements for the private sector.
[millionday] note -- this is a speech of how to move forward now that legal issues and regulations have been dealt with --- huge huge announcement
[millionday] Among the most prominent external challenges faced by the public and private sectors that IT-related production and marketing methods and access to foreign markets, or what he called «the requirements of globalization». reasons for encouragement Keywords someone reasons that necessitate the promotion of the role of the private sector in order to alleviate the burden on the state budget and the development of diversifying the sources of access –
to reduce costs production and services, and reduce the time required for production, pointing out that all of this will impact on the resettlement of local capital and the re-migratory ones, as well as attracting foreign investment and the transfer of modern technology and raising the level of quality and specifications.
[millionday] note -- the hardest of all things to do is to get the "new Iraq" out there and market the opportunities that are there -- in other words move to the globe and be successful to earn money for the private sector -- whooopow
[millionday] note -- this is fantastic and obviously the move to the globe for the private sector -- its time that is for sure
[millionday] and pointed out that in order to create an environment for investment and the creation of an attractive investment climate must adopt policies that are flexible and respond to changes domestic and international economic and work to encourage the private sector to set up projects and the development of appropriate systems to ensure that finding a fair competition
as well as expansion in the establishment of joint stock companies economically viable not to mention the need for a transparency in investment policies between state institutions and the private sector through the presence of the information base necessary to set up projects and modernization of economic legislation in support of a market economy approach., and on the sidelines of the seminar, he head of the International Federation of businessmen d.
[millionday] note -- this last part is very important -- it is of course the move to allow investment in their stock market and also merge to grow and also to place flexible regulations as they are needing change as the globe enters the market of Iraq
[millionday] Hamid punitive »Sabah» explaining that the center of the development of the private sector requires an entity jointly interested in economic reform and activities geared toward a market economy,
as well as his contribution to the promotion of competitive and inclusive private sector through the building of trust and dialogue between the public and private sectors, pointing out that all of this is done through guidance carried out by the World Bank and the presence of international experts in order to support and ensure the success of this center.
millionday] note -- the entry of the world bank development center has a lot done and a lot to offer now that they are moving to the economic reform
[millionday] solutions for his part spoke specialist in the affairs of private sector development at the World Bank Mohammed al-Ani »Sabah» that these conferences and gatherings of great significance in finding solutions to the problems faced by the sector Special afterthought that even if these reflections were not directly, but the results will appear in the long run through increased awareness and increase understanding of the state Baanaajha for both sectors.
[millionday] so this is saying that the way it is now will be the beginning and the rest of problems that occur they will deal with as they come -- they feel they have a great base for the economic reform and move to a market economy and also have experts that are able and ready to help them make any changes needed -- whooopow i agree -- great news
[mydinar100] millionday With the news you are bringing, we will have an RV buy the time you're through.
[millionday] and announced to the citizens
[Pablo] I hope so mydinar100.
[millionday] mydinar100 i hope you are right because i would like to see your smiling faces smile
[millionday] here we go -- this is the changes they are making and also more on the move to economic reforms
[millionday] Farah pumice see legal counsel that the economic reforms contribute to improving the regulatory environment for business in some areas, particularly that Iraq suffers from a regulatory environment of high cost and the risks that make investors hesitant.
attributed adviser Adel al-Lami, the current problems faced by the Doing Business in Iraq high costs and risks of doing business, and the complexity of the procedures relating to the granting of licenses of the Forms and approvals and fees,
as well as the confusion caused by the estimates excessive by the state administration, and the large number of legislation that overlap and conflict with each other, as well as lower initiatives foreign direct investment.
[millionday] note -- these are all things that have to be applied at the same time -- if one law contradicts the other it makes one illegal activity without the other etc -- that is why we know most has to all be applied together
[millionday] therefore called Lami to begin the process of economic reform for the existence of a basic need (not marginal) to improve performance in the public and private sector to generate higher levels of sustainable growth and development to meet the ambitious goals of poverty reduction, adding that the government are determined by the process according to the scope of the guillotine laws.
[millionday] note -- love it
[millionday] explained that the guillotine laws can include certain types only from government actions such formalities or licenses, or may include certain categories of legal documents, such as orders of government, recommending that be done on a large scale to get a more profound effect on the markets, especially that some countries,
including Acts of Parliament in the scope of the review, while other countries, including decrees and decisions of government and ministerial, noting the time himself to the process of the guillotine produce a range of recommended reforms,
and are supported this package by the legal authority of the appropriate (the government or the parliament.) and the Chancellor that the success of the guillotine laws will lead to Lower costs and risks of doing business and even investment clearly, as well as improving competitiveness, investment and job creation.
[millionday] note -- this is something that we are all very aware of -- some countries are easier to set up business with and some not so much -- the paperwork and taxes etc may be much more in one country and not so much in others --
so they are talking about that some may have a harder time than others but the idea is to make all as easy and successful as possible with the other country`s laws they have in place to do with business
[millionday] , and pointed out that the economic reforms are designed to ensure the maintenance of the necessary protection, as it is reviewed each system three times to make sure of being necessary, and keep it, Besides simplifying regulatory procedures in fact, increase the effectiveness of important procedures and regulations that still exist.
millionday] couldnt have said it better -- some that are great and some that are not but the goal is effectiveness -- we have something on the budget as well – smile brb with more
[millionday] here we go -- MP for the coalition of state law, Mahmoud Hassan, on Tuesday, the determination of the coalition to pass the budget law before the next legislative elections, as revealed from the unwillingness of some blocks to pass the law.
Hassan said, the coalition of state law seeks strongly to the enactment of the budget, adding that there was no desire with blocks that disrupted the law, which builds houses for the poor laws and other important that serve the Iraqi people, to pass the budget bill.
millionday] Pointed Hassan to it excludes the adoption of the budget law, the existence of intention by some political blocs not to the enactment of the budget, being one of the most important laws that relating to all aspects of public spending, also disrupted the supplementary budget for 2013 and sent the middle of last year.
[millionday] so they are saying that they are pushing to get it through --- that will go along very well with the economic reform -- smile
[babe688] Was the budget already been read twice?
[millionday] no it is listed as legislation in parliament and shows that it has only been read once
[Pablo] Are they going to push it through without the Kurds?
[millionday] they have a committee set up to move it forward and help resolve it from all parties
Pablo] There's no time to discuss this in committee!!
[kevin311312] the dream team
[millionday] the kurds are in talks with them for resolve
[buck] it seems the budget is victim to a lot of rhetoric and delay, who does this benefit politically plz?
[millionday] no one that i can see -- they seem to have a power trip going on for the placement of the funds
[Richard Incrocci] If the GOI doesn't agree to the 17% and they push budget through, then what?
[millionday] the goi has agreed to that portion -- the 17%
[letsroll] do u feel Iraq can even do all the economic reform they want without the real rate in place[jtank] and 350k daily and banking
[millionday] no they will have to have the reality rate in place for the economic reform
[millionday] ok brb with more lets look at the printing report brb
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