VISION STATEMENT AND STRATEGIC OBJECTIVES Establishing an economically, socially and environmentally viable Private Sector system that: operates under efficient institutions and a fair and transparent governance structure is supported by an efficient business environment contributing to economic growth within an effective transition to open market economy, to creation of job opportunities, to the improvement of the standards of living for the Iraqi people is regionally and internationally competitive is integrated into the regional and global value chains. The vision: Is ambitious but achievable. Is broad and comprehensive with sufficient flexibility to change implementation strategies according to new developments. Is the result of a consultative and participatory process engaging multiple stakeholders to build consensus and agree on implementation means. Its implementation is designed in phases that add up to realizing the aspired future vision: 2030: There is rapid growth in the private sector due to the concentrated efforts in private sector development by GoI from 2013 2022 – Employment in the private sector has increased to constitute 60%-70 % of total employment Assuming a conservative GDP growth (around 6% CAGR), the private sector contributes to 45 -50% of the total national GDP
VISION STATEMENT AND STRATEGIC OBJECTIVES Establishing an economically, socially and environmentally viable Private Sector system that: operates under efficient institutions and a fair and transparent governance structure is supported by an efficient business environment contributing to economic growth within an effective transition to open market economy, to creation of job opportunities, to the improvement of the standards of living for the Iraqi people is regionally and internationally competitive is integrated into the regional and global value chains. The vision: Is ambitious but achievable. Is broad and comprehensive with sufficient flexibility to change implementation strategies according to new developments. Is the result of a consultative and participatory process engaging multiple stakeholders to build consensus and agree on implementation means. Its implementation is designed in phases that add up to realizing the aspired future vision: 2030: There is rapid growth in the private sector due to the concentrated efforts in private sector development by GoI from 2013 – 2022 Employment in the private sector has increased to constitute 60%-70 % of total employment Assuming a conservative GDP growth (around 6% CAGR), the private sector contributes to 45 -50% of the total national GDP
Draft%20PSD%20Strategy%2020130409.docx