- Today 11:55
The Ministry of Planning announced today, Monday, the approval of Prime Minister Muhammad Shia al-Sudani for Minister Muhammad Tamim to assume the presidency of the Permanent Council for the Development of the Private Sector, confirming the imminent formation of the council.
A statement from the ministry, received by Al-Maalouma, stated that “Prime Minister Muhammad Shiaa Al-Sudani agreed to assume the presidency of the Permanent Council for Private Sector Development, based on a request submitted by Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, in order to give the council the role and space it deserves.” "He should occupy it."
The statement explained, “The formation of the Permanent Council for Private Sector Management comes in line with the adoptions of the ministerial curriculum, which emphasizes the commitment to support the private sector, whether in the field of implementation or legislation, as a partner in reconstruction and construction,” pointing out that “the Ministry is keen to provide all kinds of support for this.” The sector, for its vital role in revitalizing and developing the Iraqi economy.”
He pointed out, "The Permanent Council for Private Sector Development will include in its membership representatives of private sector unions and associations in accordance with the objectives of the government program," indicating that "the Ministry has taken a number of measures as part of preparations to transform the Council from its temporary capacity to its permanent capacity."
He stated, “The Private Sector Development Council was formed in 2021 to be one of the main outcomes of the Private Sector Development Strategy, 2014-2030, and represents the highest structure to supervise the strategy, and provides the appropriate opportunity for the private sector to manage itself, and it will also be a platform for dialogue and interaction.” Coordination and integration between the public and private sectors.”
The statement noted, “The Council includes in its membership representatives of more than (15) entities representing unions, associations, and private sector actors, including businesswomen and youth, in addition to the participation of government agencies, namely the Ministries of Planning, Finance, Industry, Minerals, Trade, Labor, and Social Affairs, in addition to the Central Bank.”
He pointed out, "Nominations for membership in the General Authority of the Council in its permanent capacity were opened for approximately three months, and the number of applicants reached (228) candidates representing most of the private sector entities. The applicants were evaluated according to the differentiation points based on the criteria that were approved after presenting them to the private sector." (160) members will be selected for membership in the Public Authority, distributed among 13 economic and investment sectors.
The statement explained that “the Public Authority seats are distributed among the economic and investment sectors among the (13) sectors according to the relative importance of each sector,” noting that “it is hoped to benefit from From the experiences of countries whose economies have developed by relying on the private sector, as a pioneer and partner in the state’s economic decision-making, including the experience of South Korea.”
The statement stressed that “the Council will seek to provide an opportunity to hold periodic meetings with the Council of Ministers, in the presence of the private sector and direct dialogue to reach decisions to be implemented.” Sectoral ministries, entities not affiliated with a ministry, and governorates, in addition to the attendance of the Council and its representatives at the meetings of the Ministerial Council for the Economy, which discusses topics related to the private sector.”
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