Iraq has some of the worlds biggest Oil Reserves

[Nathan Giffin Vertical Artisans]

Read this article Click Here

Article #2

Article #3

This all leads to one thing.....becoming a economic super power.

Five-Year Plan

Marked National Development Plan 2010-2014 a number of things that distinguished it from previous plans , which can be summarized as
follows:

A- Adoption of a participatory approach in preparing the plan.

The partnership approach adopted in preparing the plan forms and multiple versions to ensure the contribution of all actors in the process of
preparing the plan for them.

First: A workshop was invited by a number of experts from United Nations organizations , officials and specialists in the Ministry of Planning
and other ministries.

Secondly: Formation 12 Commission Art In various areas of the Plan

Thirdly: Two conferences First discuss the general framework of the plan and direction of the aggregate and sectoral and spatial in April 2009, and
the second in November 2009 in Erbil to discuss papers Sectoral and
technical Final Plan

IV: In order to promote the participation of the provinces and local administrations have been held three conferences to the development of
the provinces were selected provinces of Thi Qar , Basra and Diyala
models.

Fifth: the involvement of Ministries and departments not associated with the Ministry and the Kurdistan region and all provinces in all stages of
preparation of the plan and submit their views and perceptions regarding
the plan document and proposals of the investment program Of the plan.

Sixth: the use of experts and experts of the development project of the United Nations mission to help Iraq In various stages of preparation Plan ,
have been received important set of observations and opinions Whom On
the papers presented at the conferenceYen Its first- The second And take
advantage of Preparation of the final document of the plan.

With- Not only plan in dealing with the significant development investment Government only, but considered the private sector a key partner in the
development process and expects to contribute to securing up to 46 % of
the investments required to achieve the visions and objectives of this
plan. Have been diagnosed with sectors , activities and events that can
be the local private sector and foreign investment.

C- The plan calls for promoting decentralized management of development, and to give more effective role for the provinces in this area , according
to the development of their potential and capacities to manage the
development process .

D- The plan included axes have not received attention in previous plans in Iraq. One such example is the subject of the spatial dimension of
development and distribution of the fruits of development in a fair and
equitable across Iraq, according to the level of deprivation and need
And volume Population in the area of public services And infrastructure
Master According to the potential and comparative advantage in
productive sectors and sectors of ports , tourism and antiquities. As
well as plan, which covers the subject of sustainable development and
stressed the balance in the development decision on the three dimensions
of sustainable development and the economic dimension of the social
dimension and the environmental dimension , and a call plan to use
Technologies Environment-friendly and address the cumulative
environmental impacts of the previous decades.

E- plan, which covers aspects of social and human were not taken precedence in previous plans , Kalahtmam groups vulnerable , poverty and the need to
limit it, and the degree of achievement of the Millennium Development
Goals, and the issue of institutional reform and good governance , as
well as focus on the areas of empowerment in many activities,
particularly the issue of securing housing.

Vision:

Iraq seeks to be a country of peace and stability in an atmosphere of the Federal Democratic and seeks to be a country active by working in accordance
with market mechanisms and be a force of regional economic integration
and to integrate into the global economy embody the principle of
international partnership and on this basis will employ Iraq's economic
resources, Both human and natural resources effectively and efficiently
to reach a competitive economy diversified assume the private sector a
leading role in generating wealth and jobs while the government is
engaged in a regulatory and enabling to cope with market failures and
ensure a fair distribution of national income to enable groups of
society most vulnerable to the risk that the exercise of their role and
actively In achieving economic and social progress . All this is
achieved through guided by the principles of democracy and the rule of
law and good governance , sustainable development, competitiveness ,
social justice, freedom and human rights.

Strategic goals of the plan

1) Work to increase the GDP by 9.38 % average annual growth during the period of the plan.

2) to diversify the economy, which relies very heavily on oil revenues is now , to an economy characterized by a gradual increase in the proportion of
contribution Other sectors in GDP, and in particular the productive
sectors (agriculture, industry) and tourism And is characterized by a
growing participation of the private sector along the path of the
transition to a market economy.

3) work to improve and increase the level of productivity And the development level of competition in sectors of the economy all ,
especially the activities of a competitive advantage, for example , oil ,
gas, petrochemical and chemicals , cement, plastic industries,
pharmaceutical industries , electricity , as well as over the regions,
and all Iraqi provinces, and in order to ensure and confirm the economy
Recovering continuously for Iraq.

4) the increase in the rate of operation and in particular among the youth population , women, and through activating the role of the private
sector in operation and what he believes to reduce high unemployment
rates taking place in Iraq currently (15%) , including seasonal
unemployment and underemployment, and Associated with unemployment,
social problems. It is expected to generate between 3-4.5 million jobs
as a result of the implementation of the plan.

8) The rural development in Iraq are facing big challenges because of the modest performance of the agricultural sector in the area of
productivity and employment generation , as well as inadequate housing
and poor infrastructure in rural areas. The plan seeks to these reasons
To Reducing Differences And barriers between urban and rural areas in
terms of providing Structures Infrastructure , social services, and
areas of new job creation , in order to reach to contain migration from
the countryside to the city, which cause negative pressure on services
and existing infrastructure , especially in the metropolis .

9) Increased awareness and acceptance of the principles of sustainable development and the principles of quality of life and the requirements
of the level of the sectors of the economy all , and that is the
observance of these principles in the urban and rural planning , so as
to mitigate the negative effects over the years during which to ignore
or neglect these principles , as well as Improve the economic, social
and environmental associated with the life of the population.

To the private sector

Vision:

Private sector towards an interactive participatory competitive lever for sustainable growth.

Goals :

- enhancing the developmental role of the private sector

- Partnership between the private and public sector

- strengthen the enabling environment for investment

- Privatization of public sector projects

- the development of banking systems and to support financial institutions.

- The development of competitiveness and export capacity of the private sector

- Strengthening the role of the private sector in developing regions

Requirements for achieving the objectives of the plan :

1 - Security

2 - Provide planned investment sectoral and spatial

3 - a supportive financial policies , including:

A - reducing the budget deficit

B - alleviating imbalances structure of public expenditure

C - Diversification of sources of non-oil revenues

D - reform the system of government support

4 - a supportive monetary policies , including:

A - maintain low inflation , stable

B - a reference rate of interest as a catalyst for investment by emphasizing the full liberalization of interest rates and reduced rates and in
conformity and stability Economic growth and lower inflation rates and
stimulate investment

C - Maintaining the stability of the exchange rate

D - Activate the role of banks Specialist

E - raise the proportion of density banking in the economy

And - to maintain an optimal level of foreign reserves with the Central Bank

5 - promote the principles of good governance and public sector reform and the reduction of the phenomenon of corruption

6 - Strengthening decentralized management of development

7 - tighten the mechanisms for monitoring the implementation of the draft plan and assess the degree to achieve its objectives