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Proposed the establishment of the Division in the Ministry of Finance specializes in partnership with the public sector and private
06/30/2013 12:00 AM
Baghdad - Mostafa Hashemi
called advisor at the Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini to the establishment of the Division of the Ministry of Finance be competent partnership between the public and private sectors and enact law to regulate the practices of their partnership.
Husseini said in a statement to the (morning): The main problem faced by the process of paying growth and economic development is the dichotomy is clear between the two sectors.
stressed that Iraq today is suffering from serious challenges back, according to a recent study prepared by the World Bank recently, to the deterioration and failure of the reality of the investment climate in Iraq, noting that the study pointed out that the three most important impediments to increasing the productivity of companies operating in the various economic sectors represented b power Pencah supplies 72.5 percent, and political instability increased by 70.3 percent, and financial and administrative corruption by 67.6 percent. In addition to constraints other no less important than its predecessors, such as the problems of access to land, tax administration, inadequate educated workforce, the laws regulating the work, theft and disorder and crime, and others.
He has indicated results of the survey that the loss of sales in Iraq higher than their counterparts in Syria, Lebanon, Libya Egypt, Jordan, Morocco, and this in itself puts the Iraqi economy is at stake, noting that there is an urgent need to enable the private sector today one of the reasons of force, as after monitoring weaknesses President and hitting Batnabha corners of the Iraqi economy, all these things make the Iraqi economy today need urgent and pressing to reform state-owned enterprises to create an atmosphere of equality and equal opportunities for the private sector so as to enhance economic diversification and growth.
called Husseini to adopt measures with the priorities of the utmost duty to implement fully and promptly, most notably the implementation of the roadmap governmental organizations concerned with reforming state-owned enterprises, through the call to establish a body graduate or the Council for Reconstruction takes it upon himself to a comprehensive restructuring of government institutions, and the development of a full range of commercial laws and modern regulatory-sensitive considerations specific sectoral, and conduct a full review of the assets of government, including the viability and growth potential, and to develop procedures on surplus labor force, including mechanisms absorbed in the private sector. He stressed that to ensure the application of that would open field practically in front of the work of the private sector and will work to improve the quality of the investment climate and public sectors in Iraq.
between that there is a limited role for the private sector and incentives for the advancement of this sector are almost non-existent, and the Systems credit and access to funding is limited due to the dominance of the state for long periods on the banking sector, which form another channel added to the predecessors of channels pressure and distortion of the corners of the Iraqi economy.
, adding that there is another challenge is immigration continued efficiencies Iraqi abroad and this in itself is an obstacle to the process of sustainable development in Iraq today. He pointed out that challenge the most prominent is the collapse of the infrastructure and the backwardness and reality, as the decline in rates of supply of electricity and drinking water, and the continued failure of transport networks and the sharp decline in the ability of industrial and agricultural formed obstacles most prominent in the growth and development of the private sector and provide an environment for attracting investment.
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