Iraq ~ International Federation of business calls for private sector involvement with the country's economic development ...

Friday, 09-12-2011

International Federation of business calls for private sector involvement with the country's economic development

Baghdad, Opinion of the International Union of businessmen Iraq Hamid punitive need to involve the private sector with public sector in the economic development of the country.

Punitive said in a statement to a reporter (News Agency news) Friday: Iraqi private sector does not have a major and active role in the process of economic development as a result of the non-activated and rehabilitate its operand, by calling: the need to engage with the public sector for the development of the country's economy.

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And between punitive: rehabilitation of the private sector comes through the distribution of soft loans and involvement with the public sector is subjected to abnormal conditions such as war of Iraq and the continuing terrorist operations which led to the deterioration of infrastructure and isolation on the local and global markets.

He added: the Federal Government did not go so far as activating the economic sectors of the private sector as the agricultural and industrial and other vital sectors preoccupied with political issues and leaving important economic topics.

Head of the International Union of businessmen Iraq: there is no legislation and laws serving the private sector and supported by, making it an active role in developing the economy of the country as a result of the absence of clear economic visions in Iraq.
Earlier, economic researcher stressed the need to implement star's economic sectors prepared in anticipation of a global economic recession during the coming years.

The star said in a statement earlier (News News Agency): the Federal Government must take to activate the country's strategic economic sectors such as industrial and agricultural as well as to take advantage of human brains in public and private sectors in anticipation of a global economic recession are difficult to treat.

The Star: If there is recession in the world, this impacts greatly on Iraq's economy because it produces one-sided supported on the oil sector, therefore, any global economic crisis affect the local market.

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