The Minister of Finance confirms from Doha the importance of the white paper to restore balance to the Iraqi economy

Saturday 26 March 2022 19:22
 
Baghdad / NINA / - Minister of Finance Ali Abdul-Amir Allawi participated in the activities of the Doha Forum for International Dialogue held in the sisterly State of Qatar in its 20th session, which will continue for the period from 26 to 27 March 2022.

Allawi said, according to a statement by the ministry: The goal of reaching a world free of crises, violations and wars is not easy to achieve, unless there are good intentions, international will and equal dialogue to resolve differences and reduce conflicts to silence the sound of war and the omens of destruction, so health recovery is no longer worrisome after suffering severely from the effects of the Corona pandemic. It is the multiplicity of foci of armed conflict and the expansion of its scope that troubles the world.

He added: The Iraqi society suffers from chronic and costly crises deepened by fluctuations in oil prices in the global market, due to the impact of the Corona pandemic and terrorism, and that the decline in Iraqi oil revenues and terrorism were sources of concern at all governmental, political and popular levels, and it is a legitimate concern in the context of the historical deterioration of the global economy, so it was The national need for a financial strategy for two things, the first is short related to borrowing for the purposes of meeting urgent needs, and the second is long-term, represented by the white paper for economic and financial reform to avoid expected fluctuations and achieve reassurance of a decent life, and create new economic partnerships at all levels.

Allawi explained the importance of the white paper embodying the rebalancing of the Iraqi economy and putting it on a path that allows the state to take appropriate steps in the future to develop it into a dynamic diversified economy that creates opportunities for Iraqis to live a decent life by proposing a set of comprehensive reforms and policies, and the protection of weak and fragile groups in society.

The forum, which carried the slogan "Transformation into a New Era", aims to launch a dialogue on the critical challenges facing the world, promote the exchange of ideas and policy-making and provide viable recommendations./End 3

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