Government adopts a «developmental program» with the World Bank to support the private sector until

Government adopts a «developmental program» with the World Bank to support the private sector until 2019




21/10/2015

Baghdad, Mohammed Hadi

government is moving to activate the market economy, to contain labor through the private sector, which the government says that support loans and legislation chock ongoing actions; there are more than 4 million and a half million workers with that sector without social and financial guarantees, at the time announced the Economic Adviser to the Prime Minister and the adoption of the government, "a development program" in collaboration with the World Bank until 2019, includes the unification of social security funds and the inclusion of global private sector pensions, as well as creating training and qualification of manpower centers, but observers economic affairs believe that making this sector "Engine foundation "to the process of economic development," will not work "unless the application of the tariff laws, and protect the national product and the consumer.

He says the appearance of Mohammed Saleh Economic Adviser to the Prime Minister in a statement to" the world ", that" the government is now moving towards the activation of a market economy in earnest, is to be The first operator of labor instead of the state through private sector support by meeting all the necessary facilities for his work from loans and legislation dolly and others.

"According to World Bank statistics that unemployment rate in Iraq of more than 50%, but the survey conducted by the Ministry of Planning and Development Cooperation results in cooperation with the The Ministry of Labour and Social Affairs pointed out that the unemployment rate in Iraq has 28.1%, and non-official organizations set the unemployment rate in Iraq (40-60%), and regardless of conflicting figures, the economic theories suggest that 15% of the workforce is capable and seeking work, what threatens the existence of a real crisis that the government did not take and in cooperation with international and civil organizations and the private sector practical solutions to address them.

Saleh revealed the adoption of government developmental program in collaboration with the World Bank ends in 2019.

Saleh pointed out that the program "includes three steps Chairperson; first include the unification of social security funds, and secondly, the inclusion of private sector employees salary pension.

"According to the benefit of the general government sector has a four and a half million workers, themselves and prepare comprising the private sector, adding that the workers of the public sector enjoy guarantees pensions, while the absence of those the privileges of the private sector.

The third step he says favor of it "involve the establishment of training centers and employment both in the private or public sector, according to specialization and qualifications, in order to work opportunities equally distributed among the unemployed," he said, adding also includes the move "to provide social welfare for those unable to work.

"He noted that" this program falls within the framework of the strategy of the government with the support of the private sector.

"The prime minister Haider al-Abadi announced on February 12, 2015 the launch of a strategy for the development of the private sector within the government curriculum, stressing his government's commitment under the auspices of workers in the state.

He Abadi, that "the state is seeking, through the central bank loans to make the productive non-oil sectors are born foundation of wealth."

On 8 August, the central bank announced an initiative to support the banks, agricultural, industrial and real estate sectors and fund housing loans worth five trillion dinars, for the recovery of the situation Economic and financial liquidity.

But as Abdul Hadi, the observer of economic affairs, believes that "the government steps in support of the private sector is still shy, despite the initiative launched by the central bank," stressing the need to "restore confidence in banks civil as the base engine for the market."

He called Abdul Hadi said in an interview to the correspondent of "the world" to "legislate promote the private sector and make it the base engine in the process of economic development, in addition to the application of customs tariff laws, and protect the national product, and consumer protection."

nor Abdul Hadi sees "no merit" in bank loans Central unless the government is considering "database" for the provincial needs of the projects to be funded from those loans, as well as the size of the jobs to be provided by loans.

The Executive Director of the Iraqi market for securities Ahmed Abdul Salam, said earlier that "the drop in world oil prices since the end of in 2014, the past and so far from the most important variables that affect the Iraqi economy being Rieia depends on those natural wealth as a source Chairman of resources and government revenues, "noting that" the Iraqi and foreign investors are studying this effect and they build it on the basis of their decisions. " He said Abdul Salam, that "the contraction of the economy because of the weakness of resources leads to the identification or postpone some investment decisions, and affects the overall indicators both for the economy or the financial market, as reflected thus on trading in rates," stressing that "the government pays to get the economy moving definitely small and medium enterprises to enhance the resources in the medium and long-term future, and operation of the workforce in the non-governmental activity.

"The Ministry of Finance, on Sunday, talks about an" international finance "to support private sector projects in the energy and electricity areas.

The ministry said in a statement seen by" the world "The Finance Minister Hoshyar Zebari," discuss with the Vice President of the International Finance Corporation (IFC) Demetris Tset Syracuse, support private sector projects in the energy and electricity areas.

"The ministry said in its statement that it" has been discussed also in financing projects for the Foundation in Zakho, Baghdad and Basra. " And has the (IFC) recently to strengthen its role in Iraq in the field of energy; where allocated about billion dollars to support the electricity sector in the country.

The International Finance Corporation (IFC), is a member of the World Bank Group, and the largest global development institution focused exclusively on the private sector in countries the scientist.


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