IBC Members Participate in the Launching of Private Sector Development Strategy Conference 2014 – 2030 On Thursday February 12th 2015 in Baghdad.
A delegation of IBC members participated in the Launching of Private Sector Development Strategy Conference in Iraq 2014 – 2030 organized by the Advisory Commission in collaboration with United Nations Development Program (UNDP) at Rashid Hotel – Baghdad on Thursday February 12th 2015 under the auspices of the Iraqi Prime Minister Dr. Haider Al-Abbadi under the title “Shifting to the Private Sector is a Basic Foundation to Support Iraqi Economy”.
The Conference was attended by the two Iraqi Vice Prime Minister, a number of Ministers, Council of Ministers Secretary-General, a number of officials and Ambassadors of foreign countries to Iraq as well as representatives of the Private and Civil Communities.
In his speech, the Iraqi Prime Minister Dr. Al-Abbadi said that Iraq needs economic diversity through gradual shifting from an economy relying solely on oil and oil revenues to adoption of multiple resources methods in order to achieve the required growth in this field.
Dr. Al-Abbadi further said that the economic shifting will contribute to the activation of economic movement in the country as well as providing employment opportunities to the unemployed. The Prime Minister further added that the Government would not dispense with the Private Sector Companies and will work on developing and re-structuring the Government-owned companies.
Dr. Al-Abbadi stressed the significance of developing the Agricultural, Banking and Industrial Sectors which will be under the Government chain-reforms plan, demanding from the international organizations, commissions and international advisors to provide relevant support in order to promote and develop the Iraqi Private Sector.
The UNDP Representative in Iraq Mrs. Liza Grand said during the Conference that the Advisory Commission and the UNDP have embarked on restoring the executive restructuring and arrangements to launch and implement the Private Sector Development Strategy in Iraq after being approved by the General Secretariate of the Council of Ministers in line with the Government Program.
Mrs. Grand further elaborated that activation of this Sector will provide the Iraqi youth with 250,000 employment opportunity at a time when the Government is no longer able to provide such employment opportunities in the Public Sector.
It is worth mentioning that IBC participated in the Conference as member of a Work Committee for laying out a strategy for the development of the Iraqi Private Sector 2014 – 2030 through a series of meetings held by the Iraqi Government in collaboration with the United Nations Development Program.
IBC also presented a number of worksheets with respect to this strategy as well as proposals to promote the investment environment and enhance the role of the Iraqi Private Sector.
Participants in the Conference were Messrs.
Turkey Al-Qaissi Vice Chairman, Usama Al-Quraishi Board member, Muhammad Jawad Al-Jubouri Board member and Luay Al-Shakerchi IBC member.
