On Sunday, Mazhar Muhammad Saleh, the financial advisor to the Prime Minister, emphasized the importance of enacting the economic reform law and outlined potential partnership opportunities between the government and private sector.
During an interview with the official agency, Saleh stated that the government aims to develop the country’s economic system by creating a genuine partnership between the state and the private sector. This partnership is intended to promote economic diversification and gradually reduce the state’s reliance on oil revenues to finance economic activities.
During a recent conversation, he elaborated on the various ways in which the private sector can collaborate, such as financing partnerships, carbon bonds issuance, and reconstruction bonds for acquiring funding from financial markets. He also emphasized the importance of the Iraq Fund for Development in supporting private sector investments at different levels by providing financial assistance.
During the discussion, Saleh emphasized the crucial role of the government as a reliable guarantor for the supply of Western technology to the private sector, particularly in the areas of industry, agriculture, and digital technology. He further added that this partnership with the government would ensure the availability of advanced technology in the country, backed by financial guarantees provided by the government.
He emphasized the need to pass the economic reform law, which will involve a new model of partnership in investing in strategic economic activities and improve infrastructure.
