Are my eyes seeing something here or are they deceiving me.....Anbuge: should activate the role of the private sector and provide full needs

23/01/2013 12:00 am

Praised the role of private banks in the investment process

BAGHDAD - Haider al-Rubaie Flaih

Announced an economic advisor in the Prime Minister Dr. Abdul Hussein Al-Anbuge and there is a strong desire of the government to develop and revive the private sector, pointing out that the global economies managed to advancement thanks to the role of the private sector, which contributed significantly to the increase in the size of the gross national product Total in their countries, and Iraq is seeking to restructure a number of public sector companies and turn them into private companies, Anbuge stressed the need to activate the private banking sector, stressing that the development of the banking reality would increase the volume of foreign investments that are looking permanently More advanced banking services.

The number of private sector summarized the men during conversations (morning), among other things said it prominent Marqlat industry local in Iraq now, putting the absence of electrical power at the head of those Almarqlat stated that it contributed largely to a halt local industry and the disruption of the private sector and the demobilization of thousands of employees, but they pointed out that the most dangerous thing that can produced stopped the work and activities of the private sector is capital flight and local investors to work in neighboring countries, stating that the lack of support government in all its forms, whether in the form of loans or financial or banking facilities laws to protect product or tax breaks, the other Marqlat is added to the total barriers to the growth of the private sector, both agricultural and industrial at the moment.

Though Iraqi constitution stressed market policy as an economic approach to Iraq, the Anbuge Speaking (morning) said important economic decisions in Iraq often face a number of her المتصدين, as some of these المتصدين often has different economic vision or that some people still fearful of the role of the private sector and the transition to a market economy.

Anbuge called to the importance of taking into account the fact that the private sector is the heart of the economy, and the country simply run the economy, working to draw a set of policies that could lead to activate the work of the sector and maintain their rights.

Between adviser Government is willing and strongly in the development of the economic reality in general, although the size of the obstacles that stand in the way of implementation of many of the economic reforms in this area, particularly to revive the private sector, and enable it to contribute to increasing the size of the gross domestic product.

seeks Government to restructure a large number of companies owned by it, in a move aimed at reducing dependence on the public sector, according to a road map to restructure public companies, which have been prepared by a team and the unity of the Iraqi mission on economic reform, With the help of the advisers in the prime minister, and the United Nations and the World Bank, aims map that got the (morning) to copy them to the advancement of the industrial reality on the one hand and to increase gross domestic product the other hand, the project is based on rehabilitation of nearly 192 state-owned company by turning them into joint-stock companies or mixed and strive to create an economic environment that enables the private sector to expand and restore the competitiveness of state-owned companies and encourage them to achieve self-employment.

despite efforts official in Iraq, which emphasizes the importance of the private sector in sustainable development programs, but the economic expert, Dr. Kamal Al-Basri said that this sector suffers a lot because of structural imbalances in the structure of the economy in general, stressing that what happened since 2004 until now is the best proof of the government away from the economic approach aimed at the development of the private sector.


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