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Economy News - Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed that the needs of the Iraqis are increasing with their population growth and that oil revenues cannot cover them. While he indicated that his government has a vision for economic reform, he considered that the development road project, Al-Faw port and the rest of the projects associated with it “will change the shape of Iraq with a new and diversified economic face.” ".
Below are the highlights of Al-Sudani’s speech during the dialogue session he held at the US Council on Foreign Relations, on the sidelines of his visit to New York, according to a statement from his media office:
Reforming the economic reality is one of the important challenges that requires diversifying the economy and not adopting economic unilateralism
The needs of Iraqis are increasing with their population growth and cannot be covered by oil revenues
We have a vision for economic reform through which we work to invest wasted resources and direct them to vital sectors, such as agriculture, industry, trade and tourism.
-The development road project, Al-Faw port, and other related projects will change the shape of Iraq with a new and diversified economic face
The importance of investing in associated gas is to address our environmental problems as well, and we have signed agreements to produce electricity from solar energy up to (2500) megawatts.
-The theft of the century involved leaders from the highest decision-making centers in Iraq, and senior officials from the previous government were involved, and arrest warrants were issued against them.
-Some of those accused of stealing the century are in the United States and hold American and British citizenship, and we are awaiting the assistance of these countries in retrieving them.
-The Iraqis are establishing their relations with countries based on their response in handing over those wanted for the theft of the century, and our government will continue to pursue them and subject them to justice, regardless of their positions.
-More than 3 trillion dinars were stolen in full view of the previous government, with its security services at the highest levels, and the largest percentage of this money went to banks outside Iraq, and we are working to recover the remainder inside Iraq.
Iraq has many religious and historical tourist sites, and many delegations began to come to Iraq after the Pope’s visit, and the tourism sector falls within the government’s interests.
We explained to representatives of American companies that we provide all the requirements for a safe environment for investment in Iraq
-There is no political crisis between Baghdad and the Iraqi Kurdistan Region, but rather financial legal problems that have been overcome through dialogue and understanding, and the region is a key actor in the political process, and an important part of our economic projects that benefit the Iraqis.
We are currently studying a strategic water management project, the first of its kind in the history of Iraq, for optimal use of it
The water issue represents an existential challenge in Iraq, and the crisis coincided with the projects of upstream countries that affected our water shares, and there is intense diplomatic work with neighboring countries.
-We are working on a Gulf water desalination project to provide water to Basra and the rest of the southern governorates
Added 09/22/2023 - 5:12 PM
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