Experts: activating the role of the private sector sponsor to build a solid economy

9/4/2014 0:00

Settling with the aim of domestic capital and the return of migratory ones
BAGHDAD - Shkran Fatlawi


Recommended that the first conference of the Centre for Private Sector Development in Iraq (PSDC) , which was held under the auspices of the advisers with the support of the World Bank under the title "in order to Iraqi economy stronger ," the need to promote a competitive and inclusive private sector through the building of trust between the public and private sectors as well as to call for economic reform and activities geared toward a market economy this Macdh chairman of the private sector Khaled Mahdi during a speech in which he said that the conference aims to activate the role of the private sector to identify obstacles that limit the development of its energy production and weaken its competitiveness through dealing with the rapid technological developments and modern means of communication , accompanied freedom of movement of capital .

Theory and reality

For his part, Undersecretary of the Ministry of Planning . Mahdi Mohsen Keywords presentation on how to promote economic development under the theme "Investing in Iraq between theory and reality," pointed out in which the importance of achieving harmony and consistency in the direction of national development plans and identify tracks and visions , pointing out that through this work will be to provide an important criterion to evaluate achievements in light convergence or deviation from the developmental pathways as well as the possibility of standing on the challenges facing the growth and development of the private sector, which has faced internal challenges composite of weakness and imbalance aspects of administrative, legal and palaces of infrastructure and basic services, as well as the challenges of self that are related to weak institutional arrangements for the private sector . among the most prominent external challenges faced by the public and private sectors that iT-related production and marketing methods and access to foreign markets , or what he called « the requirements of globalization » .

Reasons for encouragement

Keywords someone reasons that necessitate the promotion of the role of the private sector in order to alleviate the burden on the state budget and the development of diversifying the sources of access - to reduce the cost of production and services and reduce the time required for production , pointing out that all of this will impact on the resettlement of local capital and the re- migratory ones , as well as attract foreign investment and technology transfer modern and raise the level of quality and specifications. , and pointed out that in order to create an environment for investment and the creation of an attractive investment climate must adopt policies that are flexible and responsive to changes in domestic and international economic and work to encourage the private sector to set up projects and the development of appropriate systems to ensure that finding a fair competition as well as expansion in the creation of companies contribute economically viable not to mention the need for a transparency in investment policies between state institutions and the private sector through the presence of the information base necessary for the establishment of projects and modernization of economic legislation in support of the curriculum market economy . and on the sidelines of the seminar, he head of the International Federation of businessmen d . Hamid punitive »Sabah » explaining that the center of the development of the private sector requires an entity jointly interested in economic reform and activities geared toward a market economy , as well as his contribution to the promotion of competitive and inclusive private sector through the building of trust and dialogue between the public and private sectors , pointing out that all of this is done through guidance carried out by the World Bank and the presence of international experts in order to support and ensure the success of this center .



Solutions

For his part, spoke specialist in the affairs of private sector development at the World Bank Mohammed al-Ani »Sabah » that these conferences and gatherings of great significance in finding solutions to the problems faced by the private sector, adding that these reflections even if were not directly , but the results will appear in the long term through increased awareness and increase understanding of the state Baanaajha for both sectors.

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