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Economy News _ Baghdad
Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, outlined the paths of partnership between the state and the private sector, while explaining the importance of legislating the economic reform law.
Saleh said, in an interview with the Iraqi News Agency, followed by “Al-Eqtisad News,” that “the government’s current and future economic vision has been touched upon by the government program through many axes focused on describing the future of the economic system in the country,” indicating that “the description took its way in building a real partnership between the state and And the private sector, with the aim of creating a gradual separation from the dominance of oil rents in keeping the country captive to economic unilateralism and relying on oil wealth revenues alone as the sole basis for financing productive activities in the economy.”
He explained, "Partnership opportunities with the private sector have taken different paths today, including financing partnerships, which include issuing carbon bonds or reconstruction bonds toward market resources," noting that "the private sector will contribute to financing economic development, in addition to the role of the Iraq Development Fund, which There will be an increase in direct financing from the government to meet the need of civil society activity to finance its investments at various levels, according to a strategy targeting small and medium-sized activities and others.”
He pointed out that “among the paths is the government’s role as an actual guarantor in supplying Western technology to private activity, especially in the industrial sector, agricultural industries, and other digital activities,” stressing that it is “a guarantor partnership for the supply of advanced technology to the country with financial government guarantees within the vision of partnership between the state and the private sector.” To achieve a unified development goal in which human, financial and organizational resources are mobilized between the state and the private sector and with advanced external technological support.”
He continued, "The legislation of the economic reform law, the implementation of which will represent a new pattern of partnership in investing in strategic economic activities, especially between the arms of the productive private sector and the government, to extend investment activities to wide areas such as unexploited natural resources and forms of jointly operated infrastructure."
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