Privatization

The program’s privatization component is designed to assist the Government of Iraq a) establish a legal framework for the privatization of selected state-owned enterprises, b) provide technical support for a transparent, government-designated privatization organization, c) develop a database including company profiles to promote investor interest on the basis of transparency, and d) provide advice and support on improving awareness and acceptance by industry, the public, and government of the benefits of transitioning to a market-based economy.

Implementation activities currently underway include:

Privatization Inter-Ministerial Commission
Establishment and skills training of government-designated implementing organization on privatization.

Privatization Legislation
Development of “best practices” privatization legislation to support Iraq’s privatization efforts and create a single, transparent regulatory framework for privatization of state-owned enterprises (SOEs) throughout the country.

State-Owned Enterprise Database
Development and maintenance of a searchable database containing current profiles and financial analyses of state-owned enterprises that could be privatized in Iraq.

Displaced Workers Program
Development of a study examining options for providing appropriate compensation packages and/or transition employment for SOE workers displaced by privatization actions.

Public Awareness Campaign
Development and support for the implementation of communications designed to increase public awareness about the public benefits of privatization.