The World Bank criticizes the way the Iraqi government manages the economy

[yota691]

World Bank: More than 600,000 employees in public companies are redundant

 

Director of the World Bank Mission in Iraq Yara Salem «Economy News»

money and business Economy News Baghdad: The World Bank announced that more than 600 thousand employees working in public companies surplus, stressing the need for partnership between the public and private sectors, describing the Iraqi economy as "central." The World Bank representative, Yara Salem, said in a research paper presented during her participation in the third series of workshops organized in partnership between the Baghdad Economic Forum and the Secretariat General of the Council of Ministers, reviewed by the "Economy News" that the World Bank emphasizes the importance of partnership between the private sector and the public , Pointing to the challenges facing the role of public companies in the partnership between the public and private sectors. And signals that the Iraqi economy is a central economy and suffer from public companies in the cost of production is high and surplus in the workforce more than 600 thousand employees, about 60 percent of the surplus, as well as unemployment, which is a major problem in Iraq. The existence of such proportions of the unemployed was seen as a major obstacle to reform and restructuring.   Views 654   Date Added 01/17/2018

[magawatt]

600,000 unneeded employees in the goverment payroll... who knew Maliki had that many cousins?

[currenzcraze]

Time to trim the fat.  Maliki's cousins get to keep 50% of their checks and must give the other 50% to their good ol cousin.

[Laid Back]

Privatization is the solution 

Private companies will ensure they improve their operational efficiency in order to reduce their costs and improve on profits. Privatization reduces the government's political interference. 

[yota691]

World Bank: More than 600,000 redundant employees in Iraq

By

 rami

 -

January 18, 2018

27

0

 

 

 

The World Bank announced that more than 600 thousand employees working in public companies redundant need, while stressing the need for partnership between the public and private sectors, describing the Iraqi economy centers.
The World Bank’s representative, Yara Salem, said in a paper presented during her participation in the third series of workshops organized in partnership between the Baghdad Economic Forum and the Secretariat General of the Council of Ministers today that the World Bank emphasizes the importance of partnership between the private and public sectors, Faces the role of public companies in public-private partnerships.
And signals that the Iraqi economy is a central economy and suffer from public companies in the cost of production is high and surplus in the workforce more than 600 thousand employees, about 60 percent of the surplus, as well as unemployment, which is a major problem in Iraq.
The existence of such proportions of the unemployed was seen as a major obstacle to reform and restructuring.

[yota691]

The World Bank criticizes the way the Iraqi government manages the economy

 

 

 

Number of readings: 4728 26-01-2018 10:46 AM

 

 

26-01-2018 10:46 AM 

 

The World Bank has criticized the management of the Iraqi economy, with hundreds of thousands of redundant employees in public sector companies, stressing the need for public-private partnership.

"The World Bank underlines the importance of public-private partnership, with challenges facing the role of public companies," said World Bank Representative Yara Salem in a report to the Secretariat of the Council of Ministers. 

"The Iraqi economy remains a central economy, with public companies suffering from high production costs as well as unemployment, which is a major obstacle to reform and restructuring," she said.

[TOMINVEGAS]

IMO we can thank parliament, and Maliki and his cronies for the severe and purposeful lack of progress....

[DinarDavo]

39 minutes ago, TOMINVEGAS said:

severe and purposeful lack of progress....

 

.....well said.

[bostonangler]

Well that can't be good...

 

B/A

[10 YEARS LATER]

Chalk up another milestone for Planet Iraq. 'Til  Omniverse Comes.