By John Lee.
Iraq's Private Sector Development Council has held its second session to discuss current economic developments and measures to support economic and financial stability.
The meeting was attended by representatives from several government institutions, including the Ministry of Planning, with Dr Sabah Jundi Mansour, Director of the Economic and Financial Policies Department, representing the ministry. Also present were the council's Secretary-General Mohammed Sadiq Al-Harr and members of the board.
Abdullah Al-Jubouri, Deputy Chairman of the council, said the adoption of the Private Sector Development Council Strategy for 2026-2036, prepared in cooperation with the Ministry of Planning, represents an important step in strengthening the role of the private sector in economic development.
The strategy has been submitted to the Ministerial Council for the Economy for approval, after which it will be referred to the Council of Ministers for formal adoption and circulation to relevant authorities.
The session also reviewed recommendations from the council's first meeting of 2026 and mechanisms for monitoring their implementation. Additional topics discussed included:
- Financial dues related to Modern Paint Industries Company;
- Proposals for a banking support package;
- Entrepreneurship and women's economic empowerment initiatives;
- An analytical report on monetary and financial stability in the Iraqi economy;
- Progress in implementing the Industrial Strategy for 2024-2030.
Representatives from the Ministries of Oil, Labour and Social Affairs, Trade, and Industry and Minerals also attended the meeting, along with the Central Bank of Iraq (CBI) and the Federation of Iraqi Industries (FII).
(Source: Ministry of Planning)
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