The Private Sector Development Council in Iraq held its second meeting to talk about the latest economic changes and how to keep the country’s economy and financial system stable.
The meeting included officials from several government institutions. The Ministry of Planning was represented by Sabah Jundi Mansour, who heads the department for economic and financial policies. The council’s Secretary-General Mohammed Sadiq Al-Harr and other board members were also present.
During the session, Abdullah Al-Jubouri said the new Private Sector Development Strategy for 2026–2036 is an important step for Iraq. The plan was prepared together with the Ministry of Planning and aims to strengthen the role of private businesses in the country’s economic growth.
He explained that the strategy has already been sent to the Ministerial Council for the Economy for approval. Once approved there, it will move to the Council of Ministers for final adoption and then be shared with the relevant government bodies.
The meeting also looked at the recommendations made during the council’s first meeting of 2026 and discussed how to track their progress.
Several other important topics were also discussed, including:
- Financial payments related to Modern Paint Industries Company
- New proposals for a banking support package
- Programs that support entrepreneurship and help empower women in the economy
- A report analyzing monetary and financial stability in Iraq
- Progress on the Industrial Strategy for 2024–2030
Officials from the Ministry of Oil, Ministry of Labour and Social Affairs, Ministry of Trade, and Ministry of Industry and Minerals also attended. Representatives from the Central Bank of Iraq and the Federation of Iraqi Industries were present as well.
