Economic reform and partnership in the industrial sector in Iraq (The Ministry of Industry and Minerals is a model)

Abstract

Many countries have contributed to achieving economic reform of their own volition or working with an external focus, aiming to correct the imbalances they suffer from (a rise as a result, a permanent deficit in e-mail and public budgets, a rise in the trade deficit for work) and they have contributed to economic reform policies in institutions. International Finance as a foundation fund and a specific bank, which in grouping into the role of the public sector in economic activity and reducing the support granted to it, strengthening the role of the private sector in economic activity and encouraging private investment.

Accordingly, formulas and methods emerged centered around integration and cooperation between the public and private sectors in managing economic activity, which were called (Public-Private Partnership).

This topic was adopted with great importance in Iraq after 2003, whether in the field of legislation or application, as the new state’s directions were to open the way for the private sector to participate in development and economic activity while giving a special role to the state in regulating this sector and adopting the market mechanism in the economy. A package of economic measures have been taken to strengthen this role, including: stimulating and encouraging private investment (local and foreign), carrying out broad financial and monetary reforms, and Iraq has achieved fruitful partnerships with well-known foreign companies in addition to national companies from the private sector.