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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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The Minister of Finance reveals the most important challenges facing the next government regarding t

rocky
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The Minister of Finance reveals the most important challenges facing the next government regarding t Empty The Minister of Finance reveals the most important challenges facing the next government regarding t

Post by rocky Mon 25 Apr 2022, 2:37 pm

[size=46]The Minister of Finance reveals the most important challenges facing the next government regarding the country's resources[/size]


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[size=30]Finance Minister Ali Abdel Amir Allawi stressed that the most important challenges facing the next government are the inherited institutional laws and procedures, pointing to cooperation with the US Treasury on money laundering issues.

This came on the sidelines of the meetings of the World Bank Group and the International Monetary Fund, today, Saturday, in Washington, while speaking to a group of journalists.

Allawi said that "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 and its strategic location and how to transform the economy into the post-oil stage."

"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," he added.

Allawi indicated that "the IMF supports the general economic and reform policy for 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 noted that "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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