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Finance: The Economy Has Begun To Recover As A Result Of The Reform Steps In The White Paper
02/05/2022
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02/05/2022
228
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Earth News/ The Ministry of Finance announced today, Saturday, that the Iraqi economy has begun to recover as a result of the reform steps of the White Paper.
And the ministry said in a statement received by "Earth News", "The Minister of Finance, Ali Abdul-Amir Allawi, participated in the activities of the Bahr Al-Uloom Forum for Dialogue, which aimed to activate dialogue between the Iraqi elites and fill part of the void that the arena suffers from in its various axes, and one of its requirements is openness to various segments." Iraq is far from partisan, sectarian and nationalist trenches.”
And she added, "The forum granted Allawi the shield of creativity and excellence and a certificate of appreciation for the distinguished efforts he made during the short period that passed since his assumption of the ministerial position," noting that "the main goal of such intellectual activities and meaningful dialogues is to produce a movement that helps create a moderate climate for the practice of work." political and economic.”
And she indicated that "the forum witnessed the presentation of many of the pivotal axes that His Excellency the Minister touched on, the most important of which is the policy of changing the exchange rate that guarantees the revival of the Iraqi economy by supporting the productive sectors in the private sector and discussing opinions and ideas related to the current economic reality and ways to move from the current low level of productivity and income. To a high level of productivity and income, which is done by addressing the factors that led to low labor productivity in Iraq, which recorded in 2018 less than half of what it was in the seventies of the last century due to the dominance of the unproductive public sector, in addition to the decline in the tradable goods sector, and the effects The negative impact of the non-competitive exchange rate of the Iraqi dinar - especially against the exchange rates of the currencies of Iraq's trading partners - on the agricultural and basic industries in Iraq over the past decades.
And she added, "Reports of the World Bank, the International Monetary Fund and international organizations show that the Iraqi economy began to gradually recover at the beginning of 2021, as the World Bank and the International Monetary Fund expected the growth of the Iraqi economy, as a result of the reform steps that the Iraqi government is working on, embodied in the White Paper and its contents."
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And the ministry said in a statement received by "Earth News", "The Minister of Finance, Ali Abdul-Amir Allawi, participated in the activities of the Bahr Al-Uloom Forum for Dialogue, which aimed to activate dialogue between the Iraqi elites and fill part of the void that the arena suffers from in its various axes, and one of its requirements is openness to various segments." Iraq is far from partisan, sectarian and nationalist trenches.”
And she added, "The forum granted Allawi the shield of creativity and excellence and a certificate of appreciation for the distinguished efforts he made during the short period that passed since his assumption of the ministerial position," noting that "the main goal of such intellectual activities and meaningful dialogues is to produce a movement that helps create a moderate climate for the practice of work." political and economic.”
And she indicated that "the forum witnessed the presentation of many of the pivotal axes that His Excellency the Minister touched on, the most important of which is the policy of changing the exchange rate that guarantees the revival of the Iraqi economy by supporting the productive sectors in the private sector and discussing opinions and ideas related to the current economic reality and ways to move from the current low level of productivity and income. To a high level of productivity and income, which is done by addressing the factors that led to low labor productivity in Iraq, which recorded in 2018 less than half of what it was in the seventies of the last century due to the dominance of the unproductive public sector, in addition to the decline in the tradable goods sector, and the effects The negative impact of the non-competitive exchange rate of the Iraqi dinar - especially against the exchange rates of the currencies of Iraq's trading partners - on the agricultural and basic industries in Iraq over the past decades.
And she added, "Reports of the World Bank, the International Monetary Fund and international organizations show that the Iraqi economy began to gradually recover at the beginning of 2021, as the World Bank and the International Monetary Fund expected the growth of the Iraqi economy, as a result of the reform steps that the Iraqi government is working on, embodied in the White Paper and its contents."
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