Iraqi Vision for Public-Private Partnership (2018-2022)

For two consecutive days on 15 and 16 November, the annual Arab Banking Conference of 2018 was held in Beirut under the theme "Public-Private Partnership to Achieve Sustainable Development Goals". The conference discussed the experiences of some Arab countries involved in activating the partnership between the public and private sectors in achieving successful experiences in achieving financial inclusion and empowering women and youth. It was reached through the discussions of the conference's axes and sessions that the Arab countries suffer from the non-activation of the laws of the legislative environment and the institutional building. The realization of the goals of sustainable development and the real partnership between the public and private sectors are coordinated and inter-connected between the public and private sectors, banking, civil society, international organizations, universities and research centers. I have formed visions and proposals to activate the partnership in Iraq in the light of the dialogues of the conference and research, which presented the data and the methodology of the government of the cabin of Dr. Adel Abdul-Mahdi for the years (2018-2022) and what actually contributes to the development of As a nation in below: -



All indicators indicate that the new government plans to start moving from the rental economy to production during its next session, in line with the sustainable development plan for the years (2018-2022), diversification of resources, and reducing dependence on oil as a major source of revenue. In order to achieve this, there must be a clear role and a decree program to involve the private sector in the management of the economy and economic and development decision-making. This is achieved through the rebuilding of the institutional and legal structure of the private sector in the legislative, motivational and procedural aspects in a manner consistent with the objectives of the government program The private sector for the years (2014-2030) launched by the government in February 2015, to start these programs immediately, the establishment of mechanisms to involve the private sector in the national economic decision-making, in particular the development of the private banking sector and the completion of construction of And to restore the confidence to deal with him and attract the monetary bloc outside the banking system, which constitute up to 77% of the cash mass traded in accordance with a comprehensive view to stimulate all productive sectors, including mainly in agriculture, industry and construction (housing and reconstruction), energy and services and tourism, and adopt the government and private sector representatives Programs, contributions and operational measures calculated and supported materially and legally, and be years

(2018-2022) already years of support and activation and development of the private sector.



Institutional building of the private sector:

In order to achieve this, the government must first establish a higher council for the development of the private sector consisting of representatives of the private sector and the government. It will manage, supervise, review and evaluate the programs and policies set for making the decisions required to achieve the central economic goals through partnership and cooperation between the private and public sectors. The Council shall be represented in the opinion bodies of the ministries concerned with sustainable development. Its chairman shall be an active member. He shall attend all meetings of the Council of Ministers to express opinion in private sector discussions. The private sector shall also be represented in follow up committees and specialized committees in the Council of Ministers. Private as the primary responsible for financing and lending to SMEs and housing and reconstruction projects.

Therefore, I see that the stage and experience that Iraq has been living economically since 2003 needs an analytical and evaluative pause and review in order to build its national economy according to a new strategic vision to move to a market economy in accordance with a program prepared by the government and ratified by the Iraqi Council of Representatives. Several days included several main axes, Which highlights the role of the private sector and the role of banks in development, which emphasizes the need to apply important stages towards building a strategy for the development of the economy and support and development of the private sector to take its role in contributing to the new construction of the economy and diversify its resources to the budget without relying penny Great on

Oil.

In order to discuss and study the economic reality that Iraq is going through, it is necessary to stand up with logical, scientific and economic analysis on the most important axes that require finding solutions and solutions to the challenges and charting a roadmap for the implementation of the strategy of developing the private sector by the government and the private sector in all its banking, industrial, agricultural and service sectors. Develop trends that meet medium, long and long term goals. This means involving the private sector in a larger role

In economic decision-making and market leadership through the following:



Partnership Vision (2018-2022)



1 - Contribute to improve the business environment in Iraq and provide an encouraging investment climate to attract national capital. And promote public-private partnerships

2. Contribute to the creation of a new legislative environment based on reference to article 25 of the permanent constitution and strategies and laws for economic reform and development of the private sector to ensure its activation and leadership of the market in the future

3. Sustain and activate partnership, dialogue and cooperation between the private sector and the government through activating the partnership law, which has not been implemented for several years

4. Contribute to the development of policies, mechanisms and strategies and participate in the follow-up of their implementation to resolve the transition to stages programmed time to market economy

5. Work to provide additional sources of funding for the state budget by adopting the development and diversification of resources towards increasing the proportion of non-oil resources in GDP

6. Encouraging the establishment and development of micro, small and medium enterprises to achieve comprehensive and sustainable development, including the formation of specialized institutions for this purpose, issuing a special law for these projects and establishing a sovereign fund for youth empowerment.

7. Cooperation in ensuring the implementation of central plans in providing infrastructure to encourage and develop the private sector in industry, trade, agriculture, tourism, mineral wealth, energy and services

8 - Activate the role of specialized banks and private banks to provide soft loans to the national private sector as well as finding solutions to the problems of taxes and accrued interest of the owners of projects suspended production and the development of short and medium-term financial policy

9. Coordination and cooperation with the ministries and financial and statistical institutions involved in building a financial and statistical information base and ensuring transparency

10. Active participation with the government in the implementation of procedures to restructure public companies and facilitate partnerships with the private sector

11. Contribute to ensuring quality standards for local and imported products and services

12 - Cooperation and cooperation with relevant institutions in the rehabilitation and training of human resources specialized in the private sector. 31 - Encourage private banks to invest in economic projects, which enhance their contribution to GDP and accelerate legislative amendments to achieve this goal





Advisor to the Association of Iraqi Private Banks

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