Recognizing the importance of public-private partnership
17/1/2018 12:00 am [rtl]Baghdad Economic Forum and the Secretariat General of the Council of Ministers Baghdad / morning work team The third of a series of workshops organized in partnership between the Baghdad Economic Forum and the General Secretariat of the Council of Ministers coincides with the reformist approaches of the Prime Minister to adopt realistic solutions in the presence of the Prime Minister and the House of Representatives and economists working in the public and private sectors and the World Bank and the US Agency for International Development Economic Thought The President of the Baghdad Economic Forum, Fares Al Salman, said: "The forum will be held in partnership with the General Secretariat of the Council of Ministers. The third workshop of a series of workshops agreed between the two sides with the participation of leaders of economic thought in Iraq and parliamentarians and academics and specialists in state institutions, the private sector, civil society and intellectuals . He said , "this workshop comes as a complement to the two previous two workshops ( to maximize the resources of the state, sovereign funds and their role in national development) to be the package 's recommendations constitute a plan for economic reform aimed at the general framework to promote the economy of Iraq." "We know that national security is based on three basic pillars of military security, social security and economic security. Economic security is defined as working to provide economic stability, develop national industries, raise the citizens' living capacity, provide all the people with food and services, Self-sufficiency of local resources, as well as the development of human resources and the creation of sustainable economic and social development. " living standard He said, "Sarkis is on the industry because it provides jobs and technology transfer and contributes to raising the standard of living of citizens, and the industry should be based on national and foreign capital not to be held hostage by hostile foreign forces. State that the diversity of its industry between the civil industries to produce goods for domestic consumption and for export, and military industries in order to achieve at least a minimum of self-reliance. He said the partnership between the public and private sectors from our help to create a modern and sustainable infrastructure that aims to raise economic growth rates, and provide employment opportunities through investment in human capital. " Development projects Economic Adviser in the Prime Minister d. "The country is unable to finance development projects, ease the burden on the state budget, diversify sources of public revenues, and avoid falling into the trap of borrowing, especially from abroad, absorbing unemployment and creating new jobs," he said. Through investment in projects and work on the transfer of technology in order to increase productivity and efficiency in operating and localization locally, and get a project ready at the end of the term of the concession without burdening the burden and the survival of the project under the control of the government in terms of strategy, as well as a means of privatization, For the role of the state in the economy and a constitutional Homtalb. " Al-Anbuge also answered the reason for the partnership contracts. He added that the adoption of these agreements is aimed at raising the quality of the services provided to the public, reducing their costs, localizing local capital and expanding its exploitation, attracting foreign investments in large projects, reducing the cost and time required to build and operate the services and create good financing opportunities for markets. And local financial institutions. The World Bank The challenges of performance and reform, as well as the reality of the Iraqi economy and it is a central economy suffer public companies from high production costs and excess labor in more than 600 thousand employees, about 60 percent of the surplus, as well as unemployment is a major problem in Iraq, and therefore the presence of larger numbers And the decision of the Council of Ministers that all government institutions purchase goods from public companies, unless they can not meet the requirements of tenders, and the proportion of purchases about 23 percent of the GDP and nearly 45 percent of the annual budget. Public companies have the lion's share in 2009 and the adoption of the Corporate Governance Charter and the Roadmap for Public Enterprises, 2017. Government Contracting President of the Institute of Economic Reform d. Kamal Al Basri said: "In order to avoid the risks faced by government contracts, the design of" public sector partnership contracts for the private sector "has emerged as a way out of many of these risks which the private sector can deal with efficiently. The partnership is a form of cooperation between the public and private sectors Establish arrangements whereby the public sector can provide public goods and services by allowing the private sector to provide them rather than directly by the public sector itself. "The form of contracting depends between the public and private sectors on the functions that can be managed by the private sector. Some literature sets out a framework that divides the project offering the product or service into four tasks, including project definition and design, project capital financing, construction and construction, project operation and maintenance "In general, the methods of partnership with the private sector can be used to the extent of their contribution, as follows: service contracts, management and operating contracts, leases, long-term use contracts, concession contracts, and solidarity and privatization contracts. Since the 1930s, the private sector has dominated the overall economic activity in Iraq.In 1964 the government nationalized most of the large industrial companies working in the manufacture of cement, textiles, food industries, cigarettes and the service sector in insurance and banks. The Ministry of Industry The Ministry of Industry focused on the technical and economic reasons for investment and participation with the private sector, which contributes to the development of the product and work seriously and keen to remain in the market with increasing production through entering new products needed by the market, and the importance of developing technical specifications and technological paths and allowing companies to reach the latest Technology development, in addition to the development of technical competencies and development of their abilities, and the development of the marketing mechanism by opening up to the local and global markets and to meet the wishes of the market, as well as openness to local and global markets and the flexibility of global cooperation For market and product marketing. The Ministry of Industry is keen to take advantage of the various expertise of technical support, which will be a strategic partner in the development of the company and build its technical capacity, and reduce costs through flexibility in the selection of suppliers of raw materials and good timing and at reasonable prices and by reducing some costs such as administrative and marketing, Pressure on the government, reduction of government spending, ability to keep abreast of economic developments under the WTO, attracting capital and re-employment in various fields. The process of transforming public companies into joint stock companies and registering them in the Iraqi Stock Exchange will result in the public and employees being shareholders. This will lead to restoring the confidence of the public in the national industry. The private sector is also more capable of mobilizing resources and channeling savings towards projects. Profit institutions and to spread the ownership of these institutions to the largest sector of citizens and create an active financial market that encourages savings and provides a national channel for financing. "The partnership between the public and private sectors is a contractual arrangement between a government agency (federal, state or local) and a private sector destination," said Michael Nerbas, director of governance and economic opportunity at USAID. From the public and private sectors when providing a service or facility for use by the general public. In addition to sharing resources, the parties share potential risks and rewards when providing the service or facility. "There are pillars of successful partnerships between the public and private sectors, including the legal environment, the structure of the public sector, a detailed plan for the contract or business, as well as a clearly defined revenue source, supporting the parties concerned and choosing your partner carefully." Activation of participation Member of the Baghdad Economic Forum Jacob Shonia focused on "prospects and determinants of participation and transformation into companies and the requirements of this, starting with the labor force, which is a very influential factor in activating public-private participation in Iraq, because of the large expansion in the number of workers and the high rates of salaries and wages paid in public sector companies, To take corrective measures to facilitate the process of participation, and the transformation requires the assessment of assets and land and sources of capital and special projects and schedule and prioritize. He also pointed to other requirements of the partnership, including amendments to be made in the current laws and regulations, coordination with Iraqi businessmen organizations in the administration of the participation and transformation program, selection of qualified personnel to manage the program and follow up implementation, Safety procedures In force. " Partnership methods of the administrative board of the Forum of Baghdad Economic member Imad Al - Kassab said:" The process of converting state - owned enterprises into joint stock companies is one of partnership methods between the public and private sectors and a privatization methods, though we find in the literature that studied the subject there is a difference in the definition of Each of which, according to the definition of the World Bank for privatization is the sale of assets of public companies to the private sector, the transition to the shareholding companies is that the structure of ownership in the Transformation Company will be multiple to include parties outside the public sector as shareholders of their shares.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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