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Wednesday 22 September 2021 13:15
Baghdad / NINA / - Minister of Finance, Ali Allawi, announced that the first economic fund of its kind in Iraq will be working closely.
Allawi stressed, during his speech at the Finance and Banking Services Conference in Iraq, that "the Ministry of Finance is promoting the first fund to support economic digitization, which will be implemented in the coming weeks."
He added, "Iraq must develop its economy, or the so-called 'green economy'."
Allawi explained that "Iraq cannot be separated from technological changes, especially in the time of transition to a technological economy," adding, "We aspire for government banks to start digitization and support all business owners and digital payment systems."
He pointed out, "The state relies on a non-diversified rentier economy," noting that "the standards of governance are unstable and the high rates of corruption all impede economic reform."
The Minister of Finance indicated, "The launch of the large Al-Faw construction project and a deal with Total that includes water, gas and water injection for Basra and other major initiatives launched by the government," stressing that "there are major strategic investments that are subject to international project management advice."
And he indicated that "Iraq is witnessing a good recovery in 2021," noting that "the World Bank Fund supported our reform program, but the white paper will have a significant impact on the economic track." / End 8
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