22/02/2011Calls for private sector involvement in economic decisions
بغداد – الصباح BAGHDAD - morning
The private sector in light of the economic transformations taking place in Iraq currently, an active partner and a key role in the process of construction, reconstruction and hoped him to be the real driving force for overall economic activities in Iraq, to take the initiative in all areas of business and finance different, after the year 2003 occurred in the Iraqi private sector, major developments the possibilities of technical and financial, logistical, and taken the leading role of the many projects and in striking employees all the capabilities and capacities at its disposal to meet the requirements of economic transformation to a market economy.
He said Ibrahim al-Baghdadi President of the Iraqi National Business Council, has emerged as we have many large companies in most sectors and in the construction sector in particular, hence the successive steps and distinctive of the founding of communities and economic blocs specialized to unify and mobilize its energies to become the prime mover and the pulpit, which represents the private sector in Iraq.
Baghdadi said that due to keenness of selected large and distinguished group of Iraqi businessmen from inside and outside Iraq to unify their efforts to add their expertise and abilities to the efforts in the process of development and investment in Iraq was the establishment of Iraqi National Business Council, as it is keen that the Council to sustain the link between the sectors and economic organizations that concerned with the affairs of the private sector to shed light on issues and developments of contemporary economic problems and constraints encountered in the development process and investment in Iraq, in addition to the submission of proposals and recommendations to develop the solutions that can contribute effectively to solve many economic problems, investment, and which unfortunately we have suffered and still we are suffering a lot in Iraq .
He believes that the involvement of the Iraqi private sector in economic decision-making and recruitment expertise to put at the disposal of economic decision-makers and advise the field to them will enhance the confidence and the ability to continue this sector to work actively to accelerate the receipt of the leading role for the reconstruction of Iraq and the overall development through investment projects in small and medium-sized and large still slow and have not started on the ground is clearly up to now.
He called on the State because it enhances the role of the private sector in Iraq through the support and continuing to this sector and through the amendment and passage of legislation, laws and regulations to facilitate the task entrusted to this sector to take a great deal of responsibility in the process of reconstruction and investment, as well as activating the supervisory role, which can contribute and help the sector Special significantly.
He stressed that the first stage you need to begin to create the conditions for a strategic alliance between the private and public sectors in many of the joints of Economic and this is what we have proposed and we called the reconciliation of economic, as the cooperation and effective communication between the public and private sectors and in all economic sectors will enhance the creativity and enthusiasm in the community and the business environment to raise the level of performance and efficiency to mobilize public support and government and legislative power to be a dolly for the national economy to promote economic reform desired.
He called for the need to speed up institutional reform banking in both the public and private sectors, where requires re-consideration of legislation, the old and promote new laws to create the appropriate environment and appropriate for investors from the Iraqi private sector policy and the mechanism of lending and reducing interest rates and through the establishment of institutions and funds lending to private investment projects, and allowing that the intervention those banks and financial institutions in partnership in these investments, while also focusing on activating the role of security institutions and insurance companies from public and private sectors.
He noted that the private sector and the Business Council, received considerable support from many political leaders before its foundation and government support, pointing out that the contributions and the presence of ministers and advisers to the Council's activities but also involves the evaluation of the role of the private sector in construction and reconstruction and investment.
He said at the conclusion of his speech for the (morning), that the private sector and the Business Council will work to support the process of development, investment and reconstruction in the country.
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