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Investment Advisor: Our dependence on oil will lead to economic ruin
Range / Zahraa Al Jassim
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Investment Advisor: Our dependence on oil will lead to economic ruin
Range / Zahraa Al Jassim
The Iraqi government is studying and examining several economic files, in preparation for legislation of important laws and decisions, most notably the system of private partnership with the state, or the so-called "BPB system" to implement the projects of the strategy of industrial production, agricultural and service major, as revealed to the (range) Prime Minister for Investment Thaer al-Fili, which confirms that this partnership is the best solution to promote the realities of economic and service to Iraq, which will also avoid the state a lot of problems such as corruption and lack of experience and accuracy and speed of completion of projects, especially as we are a country going through a very difficult economic and adoption Oil as a single resource is extremely dangerous and could lead to bankruptcy, delaying the delivery of services and exposing the country to a very large economic ruin.
The partnership between the public and private sectors is of great interest to governments, communities and research centers around the world, especially as it contributes to the development of the economic and social development process in order to gather the potential of society, including the capacities, resources and expertise of both the public and private sectors. The establishment and operation of projects of various types after the separate and independent sectoral institutional organizations faced challenges and difficulties in achieving the development goals at the target levels. Therefore, both developed and illiterate countries seek to build Participatory organizations which contribute to all sectors of society in the direction and management and operation of projects, business development and development. Thaer al-Faily mentions in his speech: That the Iraqi economy and beyond doubt, is going through a very difficult stage and the entry or dependence on oil as a single resource is very dangerous, because it could lead to the bankruptcy of the state and its delay in providing services and depression and even economic ruin is very large, so must produce other solutions to help The state in the development of the Iraqi economy: including many programs for the development of the country and the provision of services and rebuild properly as with the rest of the world, which has recovered its economic status from underdevelopment and delay to progress and development of services, one of these solutions is the important economic system in place globally, Which means public-private partnership with the private sector, as it is a kind of investment in the state partnership with the private sector.
He added that this system or partnership is established to provide services and build factories, which is to find solutions that the government is unable to provide. If, for example, schools are installed, the state needs more than 4,500 schools, and it needs 4,000 or 5,000. In the next stage, and certainly the state does not have the financial potential, although the money spent on schools is too many, but it was not built, and the reason was and still corruption between the departments, connected: so the system of "BBB" or investment through partnership The public sector with the private sector, the state will avoid much of it Eat, and the first is corruption, because it is spent on the project is the investor or invested companies or financial institutions or banks.
He added: "This system will avoid the state lack of experience, because we know that the Iraqi state at present does not have this experience, which is not strange, but that most of the world does not have the experience of managing projects properly, and here found that the private sector More and more active and accurate than the state, and this is not only in Iraq but in America and Britain, so that more developed countries are needed to experience and activity of the private sector, stressing: that the state in the system, "BPP" for example, provide land and maps To the investor and contract with him, and here the latter spend money on the construction of projects, whether it is a tide Or the role of a court or government institutions or other service projects, as the investor leased to the state, and in this case we have alleviated the financial pressure on the state and built corruption and provided expertise and project management in a precise and sophisticated. Faily concludes by saying:
He added that this system or partnership is established to provide services and build factories, which is to find solutions that the government is unable to provide. If, for example, schools are installed, the state needs more than 4,500 schools, and it needs 4,000 or 5,000. In the next stage, and certainly the state does not have the financial potential, although the money spent on schools is too many, but it was not built, and the reason was and still corruption between the departments, connected: so the system of "BBB" or investment through partnership The public sector with the private sector, the state will avoid much of it Eat, and the first is corruption, because it is spent on the project is the investor or invested companies or financial institutions or banks.
He added: "This system will avoid the state lack of experience, because we know that the Iraqi state at present does not have this experience, which is not strange, but that most of the world does not have the experience of managing projects properly, and here found that the private sector More and more active and accurate than the state, and this is not only in Iraq but in America and Britain, so that more developed countries are needed to experience and activity of the private sector, stressing: that the state in the system, "BPP" for example, provide land and maps To the investor and contract with him, and here the latter spend money on the construction of projects, whether it is a tide Or the role of a court or government institutions or other service projects, as the investor leased to the state, and in this case we have alleviated the financial pressure on the state and built corruption and provided expertise and project management in a precise and sophisticated. Faily concludes by saying:
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