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The Minister of Finance reveals the first economic fund of its kind in Iraq
- Time: 09/22/2021 11:01:15
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{Economic: Al Furat News} Finance Minister Ali Allawi revealed that the first economic fund of its kind in Iraq is close to working.
Allawi stressed, during his speech at the Finance and Banking Services Conference in Iraq, that "the Ministry of Finance is promoting the first fund to support economic digitization, which will be implemented in the coming weeks."
He added, "Iraq must develop its economy, or the so-called 'green economy'."
Allawi explained that "Iraq cannot be separated from technological changes, especially at the time of transition to a technological economy," adding, "We aspire that government banks will start digitizing and support all business owners and digital payment systems."
He pointed out, "The state relies on a non-diversified rentier economy," noting that "unstable governance standards and high levels of corruption all impede economic reform."
The Minister of Finance indicated, "The launch of the large Al-Faw construction project and a deal with Total that includes water, gas and water injection for Basra and other major initiatives launched by the government," stressing that "there are major strategic investments that are subject to international project management advice."
And he indicated that "Iraq is witnessing a good recovery in 2021," noting that "the World Bank Fund supported our reform program, but the white paper will have a significant impact on the economic track."
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{Economic: Al Furat News} Finance Minister Ali Allawi revealed that the first economic fund of its kind in Iraq is close to working.
Allawi stressed, during his speech at the Finance and Banking Services Conference in Iraq, that "the Ministry of Finance is promoting the first fund to support economic digitization, which will be implemented in the coming weeks."
He added, "Iraq must develop its economy, or the so-called 'green economy'."
Allawi explained that "Iraq cannot be separated from technological changes, especially at the time of transition to a technological economy," adding, "We aspire that government banks will start digitizing and support all business owners and digital payment systems."
He pointed out, "The state relies on a non-diversified rentier economy," noting that "unstable governance standards and high levels of corruption all impede economic reform."
The Minister of Finance indicated, "The launch of the large Al-Faw construction project and a deal with Total that includes water, gas and water injection for Basra and other major initiatives launched by the government," stressing that "there are major strategic investments that are subject to international project management advice."
And he indicated that "Iraq is witnessing a good recovery in 2021," noting that "the World Bank Fund supported our reform program, but the white paper will have a significant impact on the economic track."
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