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An international conference discusses empowering the Iraqi private sector in dealing with the curren

rocky
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An international conference discusses empowering the Iraqi private sector in dealing with the curren Empty An international conference discusses empowering the Iraqi private sector in dealing with the curren

Post by rocky on Sun 04 Oct 2020, 4:14 pm

[size=35][size=35]An international conference discusses empowering the Iraqi private sector in dealing with the current crises[/size]
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Economie

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2020-10-04 | 10:02
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A conference organized by the German Foundation for International Cooperation discussed the method that enables the Iraqi private sector to deal with the current crises, considering that economic reform and removing bureaucratic obstacles are basic requirements for diversifying the Iraqi economy.


According to a report by the German Foundation, a conference was held via the Internet and attended by about 250 people, and was organized by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German government.






He added that "among the guests were officials from various Iraqi ministries, chambers of commerce, business associations and private sector companies, in addition to experts from the World Bank, the International Labor Organization, GIZ partners implementing in Iraq, university lecturers and researchers, as well as Salem Chalabi, head of the economic reform unit, advisor to the Iraqi prime minister and the German ambassador." In Iraq, Dr. Ole Diehl. "

In his opening speech, according to the report, the ambassador stressed "Iraq's urgent need for economic reforms," ​​and said, "Germany is strongly committed to supporting Iraqi efforts to develop a thriving private sector."


He added, "Only the private economic sector can create job opportunities. There is no economy in the world that can achieve and maintain a good level of wealth without entrepreneurs or competitive industries, so they needed a government to put in place the legal framework, thus ensuring conditions for free entrepreneurs to develop their ideas." , Stressing that "the German government has already allocated more than 2.4 billion dollars to support projects in Iraq."

For his part, Salem Chalabi expressed the Iraqi government's readiness for economic reform. He also saw that “the only way to make the country independent of oil sales, create sufficient job opportunities for the youth and the unemployed outside the public sector, initiate innovation and new business ideas, and ultimately contribute to economic growth.

During the conference, participants discussed "possible measures to address the current economic crisis, for example through digitization and digital transformation, focusing on agribusiness and the agricultural sector, as well as supporting emerging companies that can create new jobs."

 
It was agreed that "economic reform and removing bureaucratic obstacles are essential requirements for diversifying the Iraqi economy and developing a private sector that can provide job opportunities and support economic growth and flexibility in the long run."
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