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Shafaq News/ Today, Saturday, the Prime Minister, Muhammad Shia'a Al-Sudani stressed the need to adopt a new path for economic reform, by approving the Iraq Fund for Development, indicating that the fund will carry an orientation towards the implementation of projects by the private sector.
This came while he received a delegation such as the chairmen of the boards of directors of private banks and their representatives, and the Association of Private Private Banks in Iraq, according to a statement received by Shafaq News agency.
At the outset of the meeting, Al-Sudani reviewed the most important basic economic action axes that the government adopts in its curriculum, as well as the most prominent financial and social challenges and crises facing the goal of sustainable development, most notably the problems of poverty and unemployment.
The Prime Minister expressed his conviction in the importance of economic solutions, and relying on them to improve the service and living conditions of citizens.
Al-Sudani stressed the need to adopt a new path for economic reform, by approving the Iraq Development Fund, which will carry an orientation towards the implementation of projects by the private sector, through specialized funds that contribute to development programs.
He pointed out the need for an efficient banking sector that enjoys the confidence of citizens, and without it the government cannot support development and the private sector.
For their part, bank managers and representatives presented their vision, problems, and proposals, which are in the path of supporting development, and the Prime Minister directed to work on facilitating it, and to form a joint team of advisors in the Presidency of the Council of Ministers and private banks, to review legislation that impedes the work of banks, and to propose projects investment, and setting up mechanisms to support private banks and activate their role, as well as receiving studies and proposals and providing possible solutions.
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