********** Private sector involvement in the management of the Iraqi economy boosts resources

All initial indications pointed in preparing the budget for 2017 that the non-oil revenues will be at a higher rate compared to what has been allocated in previous years and this means that the government is planning to begin the transition from a rentier economy to a productive and diversify resources and reduce dependence on oil from 95 percent to 85 percent in 2017 of total revenue for that to happen it has to be that there is a clear role and program decree for private sector involvement in the management of the economy comes through rebuilding Moasse structure of the private sector in the legislative aspects and motivational, procedural and consistent and in conformity with the false axis (III) of the government program (to encourage the shift to the private sector ) and implementation phases of its development for years strategy (from 2014 to 2030) launched by the government in February 2015 to actually start these programs immediately prepare mechanisms to involve the national private sector in making economic industry according to the Overview to stimulate the productive sectors, all of which mainly in agriculture, industry and construction (housing and reconstruction), energy, services, tourism and adopt a government representations private sector programs and contributions and operating procedures calculated physically, legally and backed up and to be in 2017 is really the year of the private sector for the purpose of achieving this has to be to take over the government chiefly Alaoly.tasas Council, the highest for the sector: the private composed of representatives of the private sector and the government The management and supervision, audit and evaluation of programs and policies designed for the manufacture of decisions required to achieve the economic goals of centralization participation and cooperation between the private and public sectors


So I see that the stage and experience experienced by economically Iraq since the (2003-2016) amounting to thirteen years need to be analytical and pause and evaluation dedicated to building the national economy, according to a look a new strategy for the transition to a market economy, according to the program prepared by the government and approved by the Iraqi Council of Representatives included six axes notably economic hub, which emphasizes the need to implement phase mission towards building a strategy for the development of the economy and to support and develop the private sector to take its role in contributing to the new construction of the economy and diversify its resources for the budget without relying largely on the oil, and for the purpose of discussing and studying the economic reality that Iraq is going through we must stand logical, scientific and economic analysis on the most prominent themes that require solutions in order to build a proper introductions to move to the mechanisms of the market economy's prompt, and requires for the purpose of implementation of private sector development strategy of the government and the private all banking and industrial, agricultural and service fields to participate and cooperate in the implementation of development trends and strategy sector that achieve interim, medium and long goals.


This means engaging the private sector a greater role in economic decision-making and lead the market through the following:

1. contribute to the improvement of the business environment in Iraq and providing encouraging investment climate to attract domestic and foreign capital and encourage the achievement of partnerships between the public and private sector.

Contribute to the creation of new legislative environment based on the terms of reference to Article 25 of the Permanent Constitution and the laws and strategies for economic reform and private sector development so as to ensure its activation and its leadership of the market in the future.

2. perpetuate and activating the partnership, dialogue and cooperation between the private sector and government.

3. contribute to the policies, mechanisms and strategies and participate in the follow-up implementation mode to resolve the transition stages programmed in time to a market economy.

4. Work on the provision of additional sources of financing of the general budget of the State of the adoption of the development and diversification of resources towards raising the proportion of other resources in the non-oil GDP.

5. Work on promoting the establishment and development of micro, small and medium enterprises Pmaahakq comprehensive and sustainable, including the formation of specialized institutions for the purpose of development.

6. cooperation in ensuring the implementation of the central plans in the provision of infrastructure to encourage private sector development in industry, commerce, agriculture, tourism and mineral resources, energy, and services.

7. activating the role of specialized banks and private banks to provide soft loans to the private sector and the national as well as finding solutions to the problems of taxes and accrued interest resulting from the owners of the stalled production projects and the development of short and medium-term fiscal policy solutions.

8. coordination and cooperation with the ministries of Finance and statistical and institutions involved in the construction of the base and statistical financial information and ensure transparency.

9. actively participate with the government in the implementation of the restructuring of public companies and facilitate partnerships with the private sector measures.

10. to contribute to ensuring the quality of local products and services and imported standards.

11. cooperate and contribute with relevant institutions in the rehabilitation and training specialized in the private sector and human resources.

12. encourage private banks to invest in economic projects so as to enhance the proportion of its contribution to GDP and to accelerate the legislative amendments to achieve this goal


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