[size=36]Finance Minister: The white paper has restored balance to the Iraqi economy[/size]
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, Minister of Finance, Ali Abdul Amir Allawi, confirmed today, Saturday, that the white paper restored balance to the Iraqi economy.
The media office of the Minister of Finance stated in a statement, "The Minister of Finance, Ali Abdul-Amir Allawi, participated in the activities of the Doha Forum for International Dialogue held in the sisterly State of Qatar in its 20th session, which will continue for the period from 26 to 27 March 2022."
The statement indicated that the forum, which bore the slogan "Transformation into a New Era," aims to launch a dialogue on the critical challenges facing the world, promote the exchange of ideas and policy-making, and present viable recommendations.
Allawi said, during his speech at the forum, that "the goal of reaching a world free of crises, violations and wars is not easy to achieve, unless there are good intentions, international will and equal dialogue to resolve differences and reduce conflicts to silence the sound of war and the omens of destruction, so health recovery is no longer worrisome after intense suffering." One of the effects of the Corona pandemic, but rather the multiplicity of foci of armed conflict and its expansion is what worries the world.
The minister added, "There is no doubt that the establishment of security and stability and the settlement of differences between the Arab countries and their regional and international surroundings add to the world the factors of recovery, peace and prosperity, which is the hoped-for role of reviving the factors of history and geography in spreading incentives for dialogue as an objective and moral alternative to conflict."
And he indicated, "The Iraqi society suffers from chronic and costly crises deepened by fluctuations in oil prices in the global market, due to the impact of the Corona pandemic and terrorism, and that the decline in Iraqi oil revenues and terrorism were sources of concern at all governmental, political and popular levels, and it is a legitimate concern in the context of the historical deterioration of the global economy, so The national need for a financial strategy was for two reasons, the first is short related to borrowing for the purposes of meeting urgent needs, and the second is long-term, represented by the white paper for economic and financial reform, to avoid expected fluctuations, achieve reassurance of a decent life, and create new economic partnerships at all levels.
He continued, "The importance of the white paper is embodied in rebalancing the Iraqi economy and placing it on a path that allows the state to take appropriate steps in the future to develop it into a dynamic, diversified economy that creates opportunities for Iraqis to live a decent life by proposing a set of comprehensive reforms and policies, and protecting the weak and fragile groups in society, which are most affected." For some aspects of reform by increasing social protection allocations, supporting the food basket, small and medium enterprises, and activating health measures to counter the effects of the pandemic.
He concluded his speech, saying: "I take this opportunity to express my sincere thanks for the hospitality and organization, and our sincere and heartfelt wishes for the continued progress and prosperity of the organizing sister country and all participating countries." Ended 29 / h