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US envoy: Government corruption harms Iraq growth DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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US envoy: Government corruption harms Iraq growth

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Post by GirlBye on Tue Dec 11, 2018 12:01 pm

A Saudi Arabian diplomat said that his country "allocated one billion US dollars as development loans" to support the reconstruction of Iraq at a conference aimed to encourage investment in the country.

Hassan al Omari made the remarks on Wednesday at a conference in Baghdad that focuses on investment and reconstruction.
The conference is under the patronage of the Iraqi government, Central Bank, National Investment Commission (NIC) and the Reconstruction Fund for Areas Affected by Terrorist Operations (REFAATO).

At the event, the US Ambassador to Iraq, Douglas A. Silliman, said that Iraq needed to focus more on the private sector and combat "corruption and impenetrable bureaucracy" in the public sector to prepare for demographic challenges ahead.

A year has passed since Islamic State group fighters ceased control of Iraqi areas and cities.
People displaced from the affected areas meanwhile continue to live in tents waiting for their return.
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