The private sector reforms package .. The second breakthrough

The private sector reforms package .. The second breakthrough

2/16/2016 0:00

Iraqi economy and development of the private sector

is looking forward the economic program of the government to fulfill the functions of the implementation of Articles 25 and 26 of the Constitution of the Republic of Iraq for the year 2005 which contain; the reform of the Iraqi economy according to modern foundations that ensures complete investment of its resources, diversifying its sources, and support for the private development sector and encourage investment in the various sectors. And it requires the implementation obligation to conduct a series of structural changes at the level of the national economy, in turn require the adoption of an integrated set of policies, legislation and procedures relating to various activities

economic.

In order to achieve this the government worked on the foundations of its economic program in the formulation of policies and procedures for the support of the private sector package, to reflect the general orientations in this direction

and are as follows:

1. A national vision shared between the public sector and the private sector, beyond political considerations and personal and factional interests narrow, in that prolong the transitional period which began the transition in 2003, missed important opportunities, though the postponement of reform would have negative effects.

2. The need to strengthen the capacity of the national economy on a sustainable growth, modernization of production technology, diversify sources of income, creating jobs, keeping the national wealth of material and human resources development.

3 for sale. The reform embodied in the government program linked to the government of age; short and average 1-4 years, but it;

• establishes for the future being performed structural changes in the structure of the economy determines the roles and paths of the private sector and its relationship to the state.

• Do not overlook the effects of the current crisis and how to treat them through the reform of the budget public.

4 for sale. No development without the private sector; and vary vision between:

• be given the leading role in the activities withdraw from the state (manufacturing, agriculture, trade, tourism, services, ...)

• partnership between the state and the private sector in certain activities within the service and finance sectors

and insurance.

• State support to the initiatives of the private sector in new activities.

• improve the business environment and investment climate by the government to simplify procedures and remove legal and administrative barriers.

. 5. The need to strengthen the bonds of cooperation and perhaps integration or integration with the Arab, regional and global economy, which requires:

• to live up to international standards and compliance with the general conditions of the WTO, which seeks Iraq (and its continuous) to join them.

• partnership with international companies in new or existing in various projects activities that possess the competitive advantage of its products in the domestic market or export markets. (Note that international companies and foreign investment would prefer a partnership with the private sector, not governments)

6. The policy position of the competence of the federal government and the responsibility (under the Constitution), but the regions and provinces concerned with policies and procedures in accordance with the priorities determined by the characteristics and conditions of the local economy, and will be implemented Mnata local governments according to the powers granted by the law of the provinces.

7. Reform of the public sector and the government sector, restructuring of public enterprises and the banking system, and the general budget.

8. The reform of the private sector to ensure the reorganization and strengthening of the institutional side reinforces the negotiating positions and representation in front of the government and international companies.

9. Strengthening civil society institutions; organizations and centers of research and studies for the exercise of its supervisory role on the performance of the government and the private sector to ensure the protection of

the consumer.

10. Reform measures coincided with a media campaign, educational institutions, universities and the private sector to contribute to the media by government institutions.

11. Coincided with the reform measures of social protection measures such as insurance and retirement of workers in the private sector, and health insurance.

12 for sale. Give priority to drivers and micro-credit for young people and women to increase their participation low in economic activity rates. Policies and procedures to support the private sector package has been drafted this package based on the study and the reality of the situation and the results of the experience of the past ten years, and visions of the practical and theoretical that share a set group of experienced with large team of government officials and the private sector, academia and civil society. I have worked ministries, agencies and private sector organizations and international organizations over the past decade to develop plans and studies, and recommendations were made ​​and implemented programs, formed an important backdrop for the team. The program supports a phased action stretching from 2015 to 2018, but it lays the foundations for economic structures, and the roles of government and local governments and the private sector and civil society, and the pattern of sound and efficient economic governance that will lead the national economy in the long term; if integrated policies have been implemented in one package. 1. Policies and procedures to encourage the private sector package through: • the restructuring of state-owned public companies. • encourage the private industrial sector. • reform of the financing structures and insurance. • improve the business environment and encourage investment. 2. Policies and procedures to diversify sources of income and job creation package, and include: • agricultural activity and livestock. • commercial activity. • tourist activity. • service activities. 3 for sale. The reform of the general budget by: • maximizing public revenue. • rationalization of public expenditures. 4 for sale. Taking into account the social dimension b: economic transition gradually be less damage and negative repercussions, through the application of new mechanisms of social security rebalance in favor of the private sector.