77. Integration of Completion of the Completion of the Completion of the Full adoption and The SOEs system Further integration SOEs Restructuring Roadmap. State Owned restructuring of all classification and asset corporatization of enforcement of the of Iraq efficiently in global chains State budget allocations for Enterprises with viable SOEs and valuation of the SOEs of the restructured relevant legislative managed by the and continuation SOEs. the Private Sector at least 50 strategic all line ministries and SOEs and 30% and regulatory Private Sector of the privatization Restructuring plans, already PPPs established establishment of an SOEs increase of the n. of frameworks under except for strategic processes. implemented and ongoing with national/ Corporatization Agency strategic and Pillar 2. industries/sectors PPPs, social mitigation plans international (under Pillar 2) public - private Initial privatization controlled by the and studies undertaken by private sector partnerships. of selected viable state. international and national businesses. 100% financial self SOEs. Total employment organizations. Creation of new reliance achieved in the established business and jobs for all viable SOEs. value chains and for excess All viable SOEs clusters amount to employees for at become part of about 15% of total Implementation of least 30% of the well defined employment of the restructuring and social employees of all clusters and value private sector. mitigation plans and (viable and chains with Contribution of improved corporate SOEs. significant no. of 30% to the total governance, with the new jobs created. private sector participation of the contribution to the Private Sector and non - oil GDP creation of partnerships (70%). and value chains between restructured SOEs and SMEs, and academic and educational institutions. Launch of visibility and dissemination campaign Achievement of consensus through establishment of a dialogue platform among SOEs, private sector, trade unions and local institutional stakeholders. Definition and initial adoption of liquidation procedures for non-viable SOEs
77. Integration of State Owned Enterprises with the Private Sector Completion of the restructuring of all viable SOEs and at least 50 strategic PPPs established with national/ international private sector businesses. Creation of new business and jobs for excess employees for at least 30% of the employees of all (viable and SOEs. Completion of the classification and asset valuation of the SOEs of all line ministries and establishment of an SOEs Corporatization Agency (under Pillar 2) Completion of the corporatization of the restructured SOEs and 30% increase of the n. of strategic and public - private partnerships. 100% financial self reliance achieved for all viable SOEs. All viable SOEs become part of well defined clusters and value chains with significant no. of new jobs created. Full adoption and enforcement of the relevant legislative and regulatory frameworks under Pillar 2. Initial privatization of selected viable SOEs. The SOEs system of Iraq efficiently managed by the Private Sector except for strategic industries/sectors controlled by the state. Total employment in the established value chains and clusters amount to about 15% of total employment of the private sector. Contribution of 30% to the total private sector contribution to the non - oil GDP (70%). Further integration in global chains and continuation of the privatization processes. SOEs Restructuring Roadmap. State budget allocations for SOEs. Restructuring plans, already implemented and ongoing PPPs, social mitigation plans and studies undertaken by international and national organizations. Implementation of restructuring and social mitigation plans and improved corporate governance, with the participation of the Private Sector and creation of partnerships and value chains between restructured SOEs and SMEs, and academic and educational institutions. Launch of visibility and dissemination campaign Achievement of consensus through establishment of a dialogue platform among SOEs, private sector, trade unions and local institutional stakeholders. Definition and initial adoption of liquidation procedures for non-viable SOEs