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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Planning: The private sector contributes to employing half of the workforce

    Rocky
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    Planning: The private sector contributes to employing half of the workforce Empty Planning: The private sector contributes to employing half of the workforce

    Post by Rocky Sun 15 Jan 2023, 4:31 am

    Planning: The private sector contributes to employing half of the workforce

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    Economy News-Baghdad
    The Ministry of Planning announced, on Sunday, that the private sector contributes to employing half of the labor force in Iraq, and contributes to 37 percent of the gross domestic product.
    "The private sector is an essential partner for the public sector in achieving growth, as the participation rate of the private sector in the formation of the gross domestic product reaches 37 percent, and this percentage seems high, but in fact it is less than the required percentage," said the ministry's spokesman, Abdul Zahra Al-Hindawi, in a statement. He stressed that "this sector contributes to the employment of 50 to 55 percent of the workforce."
    Al-Hindawi pointed out that "private sector indicators in Iraq are divided into two categories, the first is an organized private sector and the other is unregulated," noting that "the largest percentage is for the unorganized private sector, and in order for the private sector's activity to be more effective, a number of governing and regulating legislation should be reviewed. As well as the laws that activate the effectiveness and contribution of this sector, in addition to the necessity of activating the private sector strategy that the Ministry of Planning emphasized years ago in cooperation with national agencies and international organizations.
    He explained, "The strategy of the private sector proceeds in three stages, the first includes preparing and preparing this sector, while the second stage represents the procedures for forming the private sector, and the third is the stage of leadership and pioneering," pointing out that "the step that was implemented in this direction is the formation of a development council." The private sector, which is headed by the Minister of Planning and includes in its membership representatives of the relevant economic sectors and representatives of the ministries of finance and trade and other relevant authorities.
     And Al-Hindawi stated, "The mission of this council is to involve the private sector in economic decision-making and other procedures and tasks that the council undertakes, including activating the banking sector so that it can enter strongly into financing projects."

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