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Tishwash:  Report: Al-Kazemi’s ‘white’ paper includes 4 themes … and its success needs a ‘revolution’!

On Wednesday, parliamentarians and economic experts unveiled the features of the “white reform paper” launched by Prime Minister Mustafa Al-Kazemi, and set conditions for its success.

The official newspaper stated in a report by Nass (June 24, 2020), “The paper supports the gradual departure from the rentier economy of the state and maximizing its non-oil resources to support the budget, as well as operating the factories that have been idle since 2003 and creating an appropriate environment for investment away from financial corruption.”

According to the report, a member of the Economy and Investment Committee, Mazen Al-Fili, said, “The committee’s meeting with the Prime Minister touched on the need to gradually move away from the rentier economy and go to the multiplicity of state resources to support the budget, including operating factories that have been idle for years and supporting the local agricultural product, and the need to close borders to products. Importing, and how to create an appropriate investment environment in which there is fair competition for reducing red tape, which closes the doors of bribery and the coming of many investors.  

Al-Fili added, “The Prime Minister wishes to serve the people of the people and get out of the economic and health crises that the country is experiencing at the present time, despite the pressures exerted on it, whether by the political blocs or from the street,” noting that “the seriousness and the will to implement the white reform paper are from They will make it obligatory to apply to all institutions, “criticizing” the previous policies that caused inflation in the number of employees, who numbered 4 million due to electoral compliments and propaganda. ”

Al-Fili stressed that “the prime minister should be given an opportunity to reform without objecting to the steps he is taking, whether it is on the economic, financial or health level.”

Committee member Saad Al-Khazali stated that “the House of Representatives has stipulated that the Prime Minister, from the beginning of his assumption of office, treat the economic and health crises in the country,” noting that “the government has started taking such measures at this time.”

Khazali added, “Reliance on oil in support of the budget has been going on for 17 years,” noting that “governments have forgotten the existence of revenues for border ports and customs and the revitalization of other economic sectors.”

He stressed that “the current government announced earlier that it will go towards internal borrowing despite the absence of any liquidity in banks, and it remains before it except external borrowing, which will cause the collapse of the Iraqi economy because of its negative effects, including high interest rates and the state’s restriction of many things with Inability to open appointments or confirm contract holders.

In addition, the economist, Dr. Abdul Rahman Al-Mashhadani, stated, “The white reform paper will be binding for everyone, as it is one of the conditions of the International Monetary Fund for Iraq since 2016.”

Al-Mashhadani added to the official newspaper, “The Monetary Fund contributed to the development of this paper, as it indicated at the time that it is necessary to address the conditions of 250 thousand people who earn more than 3 salaries, the majority of whom are of special grades and cost the state annually more than $ 18 billion.”

Al-Mashhadani stressed, “Iraq does not need the fund’s loans, which amount to about 3 – 5 billion dollars, granted over five years, with periodic reforms, and then release about 600 – 700 million dollars every six months when implementing these reforms. Rather, it needs to sign an agreement with The fund provides guarantees that allow Iraq to borrow about $ 20 billion from major countries such as Britain, which has promised loans of up to $ 14 billion in addition to France, Canada, and Italy, to go to the investment fields and not to the salaries, noting that “Iraq needs these guarantees and with which the application requires Those reform conditions. ”

As for the head of the Asia Center for Economic Studies, Diaa Al-Mohsen, he stated, “Iraq needs a major revolution to reform its economic system.”  

Al-Mohsen added, according to the report, that “Iraq needs to hit the big corruption heads that have wasted public money over 17 years, and legislate laws that can support the investment side in it, reduce unemployment levels, and take advantage of the economic experiences that exist in the country and that can give solutions And guarantees to reform the economic system during the next stage. ”  

Al-Mohsen emphasized that “this paper cannot be applied unless it is accompanied by decisive decisions towards the economic mistakes that were committed during the last stage and put the economic reality in the country on the correct track.”     link