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Expert: Iraq needs to restructure its economy according to the global context

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Expert: Iraq needs to restructure its economy according to the global context

On January 19, 2021

Al-Mustaqila ..
Economic specialist Fawzi Muhammad Al-Zobaei called for the need to restructure the economy in accordance with the global context and reform the business environment represented by procedures and laws and make it an appropriate and attractive environment for private sector activity.

He pointed to the importance of Iraqi economic reform according to modern economic foundations, meaning providing the necessary foundations for its transition from a central economy to a free market economy, as well as encouraging and developing the private sector in a way that ensures the full investment of its resources and diversification of its sources.

He explained that the private sector has a fundamental role in all societies as it is the main pillar of their economy,

noting that private sector projects are capable of eliminating unemployment as it will employ the largest possible number of manpower, as this vital sector will solve many files, including the banking sector.

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