The private sector council... and the necessity of direct management
Thursday, October 21, 2021 251
Baghdad: Mustafa Al-Hashemi
The formation of the private sector board of directors, which was supervised by the Ministry of Planning, is the first step on the right path towards giving it leadership and leadership in development in Iraq, and although the role of this board is temporary, there are expectations that it will be unproductive as it is not directly linked to the presidency of the Council of Ministers / Economic Committee, to be The decision is issued by its owners directly to the stakeholders.
And the Secretary-General of the Acting Federation of Businessmen, Abdul Hassan Al-Ziyadi, said that “restricting the council and limiting it to the Ministry of Planning will make the council a routine economic circle, linked to the ministry only without being productive or effective in reality, calling for its association with the Economic Committee of the Council of Ministers, which has broader authority and decision effective to reach directly to all units of the Economic Council.
Al-Ziyadi pointed out, in a statement to Al-Sabah, that “the existence of a free economic system in Iraq requires the presence of a private sector, which has sufficient capacity and flexibility, to manage this market, in accordance with the development policies required by the current stage, not to restrict the private sector council,
because the country It needs someone to draw up integrated economic policies in which the role of the government is to supervise the activities of the private sector only, and the implementation is done by it.”
The Minister of Planning, Khaled Battal Al-Najm, had previously stated that “the board of directors of the private sector aims to enhance the opportunities for companies and business institutions to obtain financing, as well as to enhance the role of regulatory authorities in implementing quality standards and granting licenses, as well as supervising the management and implementation of a development strategy.”
The private sector, coordination with international development organizations and agencies, and adoption of programs for the development and protection of small and medium enterprises, calling on representatives of the private sector, to give this council special attention, and consider it the first priority among their concerns, because it represents the most important window, to achieve real partnership with the public sector.
Al-Najm stated, at the time, that "the role of this council will be temporary, until the formation of the permanent council, after preparing all the legislative, legal and administrative requirements."
Al-Ziyadi said that "activating the work of this council would contribute to the redistribution of wealth and income in a way that achieves part of the welfare of citizens by employing the largest number of unemployed and graduates of both sexes."
Al-Zayadi expected that the activation of the council would contribute to “optimal recruitment and operation of human resources while controlling the public debt and placing it within safe limits,
in addition to emphasizing the equitable distribution of income and opportunities to diversify the economic base and increase the sources of public revenue, especially since Iraq has opened up economically to neighboring countries wishing to exchange Inter-investments through the contribution of the Iraqi private sector with its counterparts from the rest of the countries that have a unified entity representing the private sector}.