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The Minister of Finance identifies the most important challenges facing the next Iraqi government
Shafaq News/ Finance Minister Ali Abdul Amir Allawi identified the most prominent challenges facing the next government, referring at the same time to cooperation with the US Treasury Department on money laundering issues.
This came on the sidelines of the meetings of the Bank Group and the International Monetary Fund in Washington, while speaking to a group of journalists.
Allawi said, "The most prominent Iraqi challenges that the next government will face are the inherited laws and institutional procedures," stressing "the need to address them if we want to benefit from the country's resources, its strategic location, and how to transform the economy into a post-oil phase."
He stressed, "This visit came to deepen the economic relationship with international institutions, the World Bank, the International Monetary Fund, the US Treasury and the US Agency for Development."
Allawi also indicated that "the IMF supports the economic and reform policy of Iraq," noting that "the World Bank supports certain projects, and now they have several projects they are working on in Iraq and consultations are underway for the purpose of expanding them to include various vital sectors in the country."
He added, "There is continuous cooperation with the US Treasury on several issues, including money laundering and Iraqi-American relations in light of the repercussions of the Russian-Ukrainian war, because there are economic aspects that must be taken into consideration."
And he continued, the Minister of Finance, by saying that "in light of all these matters, it was necessary to come to Washington with a large and important team from the Iraqi Ministry of Finance and other ministries with the aim of activating bilateral relations, including support projects, and crystallizing them in a manner that is in the interest of the Iraqi economy."
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This came on the sidelines of the meetings of the Bank Group and the International Monetary Fund in Washington, while speaking to a group of journalists.
Allawi said, "The most prominent Iraqi challenges that the next government will face are the inherited laws and institutional procedures," stressing "the need to address them if we want to benefit from the country's resources, its strategic location, and how to transform the economy into a post-oil phase."
He stressed, "This visit came to deepen the economic relationship with international institutions, the World Bank, the International Monetary Fund, the US Treasury and the US Agency for Development."
Allawi also indicated that "the IMF supports the economic and reform policy of Iraq," noting that "the World Bank supports certain projects, and now they have several projects they are working on in Iraq and consultations are underway for the purpose of expanding them to include various vital sectors in the country."
He added, "There is continuous cooperation with the US Treasury on several issues, including money laundering and Iraqi-American relations in light of the repercussions of the Russian-Ukrainian war, because there are economic aspects that must be taken into consideration."
And he continued, the Minister of Finance, by saying that "in light of all these matters, it was necessary to come to Washington with a large and important team from the Iraqi Ministry of Finance and other ministries with the aim of activating bilateral relations, including support projects, and crystallizing them in a manner that is in the interest of the Iraqi economy."
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