KTFA
Samson » August 3rd, 2019
Private Sector Council Institutional and legal pillar of economic reform
3rd August, 2019 by Samir Al-Nasiri
- In light of my study and analysis of the reality of the Iraqi economy and the challenges faced in sixteen years, I reached my vision for economic reform as follows
1 - Draw a road map at the level of the strategic and strategic to re-formulate the new economic approach to Iraq, Article 25 of the Constitution reassesses and revises the structural, structural, institutional and legislative system of economic management. Also review and evaluate the basis of coordination between the financial and monetary policies and review the structure and presentation of the general budget and the transition from the budget of items to the budget of programs
2. Adopting the policies set out in the National Development Plan for the years 2018-2022 and the vision of Iraq 2030 and activating the decisions reached by the joint experience committees between the government and the private sector formed by the Council of Ministers in 2015 for each productive economic sector. These decisions are for monitoring,monitoring and evaluation
3- Forming a joint legal committee between the government and the private sector to re-draft, amend and issue new laws and activate all the laws issued and currently suspended, which govern the management of the economic process and serve the implementation of the road map which is approved, namely all the laws of the legislative environment that regulate and manage the Iraqi economy in its new curriculum, Government-private sector partnership and local product protection law
4- Establishing the Private Sector Council, whose tasks will be in accordance with the strategy for the development of the private sector for the years (2014-2030). Special efforts are under way by the Ministry of Planning in cooperation with representatives of the private sector and the United Nations Development Program and under the direct supervision and management of the Minister of Planning for the establishment of this Council. The criteria and weights for selecting members of the General Assembly of the Private Sector Council have been reached. His duties are in formulating policies, strategies and visions to lead the economy in the next phase
5. Involve the private sector in economic decision-making and represent it in the membership of the Council of Ministers, the Council of Advisors and all opinion bodies in the ministries
6. Establishing a central follow-up body linked to the Council of Ministers and representing the private sector, whose task is to follow up the implementation of the decisions of the Council of Ministers
What is the role of the Central Bank, banks and financial technology companies in achieving financial coverage?
With the utmost confidence and confidence in the ability of the Iraqi financial and technical cadres to overcome the challenges of the technical gap that Iraq has suffered due to the repercussions of the siege, wars and instability during the period of the information revolution
The Central Bank, banks and technical companies have been able to overcome the challenges of the technical gap between Iraq and the rest of the countries with sound procedures and mechanisms and to move in the right direction in the near future economic and security conditions that our country has suffered over the past yearsand charting a sound roadmap to catch up with technical developments in the countries of the world
The follower of the situation of Iraq during the past five years notes the extent of faith in the Iraqi capabilities and competencies on the events of change and bridging the technical gap between us and the developed world and this is - -evidenced by the important achievements have been achieved as follows
The methodology adopted by the Central Bank has always focused on working under a sound legislative, regulatory and legal umbrella, as well as promoting global governance concepts and standards with respect to information technology and financial technologies
22- Issuing the electronic payment system for money No. 3 for the year 2014, establishing the National Payments Council, the governance controls, the institutional management of information and communication technology, and the legal regulations and instructions that regulate the work of banks and electronic payment service providers
3. The Central Bank shall play a pivotal role in establishing advanced infrastructure and following the latest international technologies and developing the bank's financial and banking systems, payment systems and advanced communication networks according to the latest technologies
4. The central bank has advanced payment systems as well as retail payment structures
5- Issuing work permits for many electronic payment service providers (card issuers, collectors, processing of mobile payment companies, bills and payment channels through different channels)
6 - Extensive attention to the implementation of the first objective of the strategy of the Bank for the years (2016-2020) is to achieve financial stability through a sound financial system with attention to achieving financial inclusion and reduce risks as well as the adoption of the project to settle the salaries of employees
It is clear from the above achievements that the Central Bank has overcome the challenges of the technical gap due to the siege, occupation and terrorism. It iscurrently at a steady pace to achieve the digital transformation in the financial sector towards achieving financial stability and moving from the monetary society to the society of money. It is also one of the objectives of the government platform in the fourth axis LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Samson » August 3rd, 2019
Private Sector Council Institutional and legal pillar of economic reform
3rd August, 2019 by Samir Al-Nasiri
- In light of my study and analysis of the reality of the Iraqi economy and the challenges faced in sixteen years, I reached my vision for economic reform as follows
1 - Draw a road map at the level of the strategic and strategic to re-formulate the new economic approach to Iraq, Article 25 of the Constitution reassesses and revises the structural, structural, institutional and legislative system of economic management. Also review and evaluate the basis of coordination between the financial and monetary policies and review the structure and presentation of the general budget and the transition from the budget of items to the budget of programs
2. Adopting the policies set out in the National Development Plan for the years 2018-2022 and the vision of Iraq 2030 and activating the decisions reached by the joint experience committees between the government and the private sector formed by the Council of Ministers in 2015 for each productive economic sector. These decisions are for monitoring,monitoring and evaluation
3- Forming a joint legal committee between the government and the private sector to re-draft, amend and issue new laws and activate all the laws issued and currently suspended, which govern the management of the economic process and serve the implementation of the road map which is approved, namely all the laws of the legislative environment that regulate and manage the Iraqi economy in its new curriculum, Government-private sector partnership and local product protection law
4- Establishing the Private Sector Council, whose tasks will be in accordance with the strategy for the development of the private sector for the years (2014-2030). Special efforts are under way by the Ministry of Planning in cooperation with representatives of the private sector and the United Nations Development Program and under the direct supervision and management of the Minister of Planning for the establishment of this Council. The criteria and weights for selecting members of the General Assembly of the Private Sector Council have been reached. His duties are in formulating policies, strategies and visions to lead the economy in the next phase
5. Involve the private sector in economic decision-making and represent it in the membership of the Council of Ministers, the Council of Advisors and all opinion bodies in the ministries
6. Establishing a central follow-up body linked to the Council of Ministers and representing the private sector, whose task is to follow up the implementation of the decisions of the Council of Ministers
What is the role of the Central Bank, banks and financial technology companies in achieving financial coverage?
With the utmost confidence and confidence in the ability of the Iraqi financial and technical cadres to overcome the challenges of the technical gap that Iraq has suffered due to the repercussions of the siege, wars and instability during the period of the information revolution
The Central Bank, banks and technical companies have been able to overcome the challenges of the technical gap between Iraq and the rest of the countries with sound procedures and mechanisms and to move in the right direction in the near future economic and security conditions that our country has suffered over the past yearsand charting a sound roadmap to catch up with technical developments in the countries of the world
The follower of the situation of Iraq during the past five years notes the extent of faith in the Iraqi capabilities and competencies on the events of change and bridging the technical gap between us and the developed world and this is - -evidenced by the important achievements have been achieved as follows
The methodology adopted by the Central Bank has always focused on working under a sound legislative, regulatory and legal umbrella, as well as promoting global governance concepts and standards with respect to information technology and financial technologies
22- Issuing the electronic payment system for money No. 3 for the year 2014, establishing the National Payments Council, the governance controls, the institutional management of information and communication technology, and the legal regulations and instructions that regulate the work of banks and electronic payment service providers
3. The Central Bank shall play a pivotal role in establishing advanced infrastructure and following the latest international technologies and developing the bank's financial and banking systems, payment systems and advanced communication networks according to the latest technologies
4. The central bank has advanced payment systems as well as retail payment structures
5- Issuing work permits for many electronic payment service providers (card issuers, collectors, processing of mobile payment companies, bills and payment channels through different channels)
6 - Extensive attention to the implementation of the first objective of the strategy of the Bank for the years (2016-2020) is to achieve financial stability through a sound financial system with attention to achieving financial inclusion and reduce risks as well as the adoption of the project to settle the salaries of employees
It is clear from the above achievements that the Central Bank has overcome the challenges of the technical gap due to the siege, occupation and terrorism. It iscurrently at a steady pace to achieve the digital transformation in the financial sector towards achieving financial stability and moving from the monetary society to the society of money. It is also one of the objectives of the government platform in the fourth axis LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
0 Comments: