DINAR REVALUATION REPORT UPDATE
PROGRESS OF THE BANKING REFORMS IN IRAQ
Iraq is making significant economic strides through international cooperation, banking reforms, and census initiatives, focusing on strengthening its financial stability.
Tues. 19 Nov. 2024 Bruce
Trade: The General Population Census Will Be A Starting Point For Important Economic Transformations
Tuesday 19 November 2024 19:10 | Economic Number of readings: 45 Baghdad / NINA / The Ministry of Trade confirmed that the general population census is an important step in directing investments, which accelerate development steps in all regions of Iraq.
A statement by the ministry quoted the official spokesman for the ministry, Mohammed Hanoun, as saying: "The government's approach through conducting the general population census, despite the difficulties it faced, is aimed at attracting international efforts to the national labor market in a way that revives the economy, and gives those in charge of the economic file a clear vision of the economic reality by creating a database that represents a starting point for economic policies that aim to address the imbalance in the economic structure."
Hanoun pointed out that "the general population census step will accurately reflect the reality of human wealth and the percentage of young people, as they represent an important economic force that can be employed in the sectors of knowledge, investment, and various aspects of the economy that have the elements of advancement and development."
The official spokesman for the Ministry of Commerce confirmed that "the general population census is a statistical procedure that represents a database on the numbers of Iraqis and the nature of their work," noting that "it is the first of its kind in decades, as the last census was conducted in 1987."
He continued, "It is a developmental work, the aim of which is to direct the country's resources in the right direction, and it is a procedure that serves the country economically and socially, by addressing poverty and unemployment, identifying needy families, the number of workers and unemployed, and improving the economic situation in general. It is a "message of reassurance to citizens and the country alike, meaning that the country is now safe from saboteurs and terrorist acts, and in a position that allows it to carry out this major and important procedure.
" Hanoun confirmed that "the census will determine the actual number of residents inside the country, and those residing outside the country in cooperation with the Ministry of Foreign Affairs later, and non-Iraqis working and residing will be counted, which will contribute to limiting their numbers and knowing their living conditions."
He pointed out that "the census is the most important source of economic and social data for all countries of the world," indicating that "knowing the results of the census enables the formulation of general policies and the development of strategies related to investment, housing, education, health, and capital investment related to road and communications networks, and the development of public services and development programs, accompanied by enabling countries to distribute Budgets between administrative regions according to development needs.
He continued: "The census helps enable the private sector and investors to drive development, raise the level of urban planning, and support decision-makers in making decisions."
He explained: "The economic view of the population is limited to two aspects: The first is that the population is a consumer force that exerts pressure on the available economic resources, and that these pressures increase in intensity the more limited and unilateral the resources are." / End8
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