Al-Kazemi: We are determined to overcome the wrong financial policies

Prime Minister Mustafa Al-Kazemi meets with a number of investors
 
10/20/2020

Economy News - Baghdad

The Prime Minister, Mr. Mustafa Al-Kazemi, met today, Tuesday, a number of heads of German companies in Berlin, on the second leg of his current European tour.

Al-Kazemi explained the level of challenges facing the Iraqi economy due to the Corona pandemic and the decline in oil export revenues, as well as the Iraqi government's relentless efforts to transform this crisis into a starting point and success that would advance the reality of the Iraqi economy.

Al-Kazemi said, during the meeting: The unilateral dependence on oil exports has left its negative effects on the economy, but we are determined to overcome many wrong financial policies, and that benefiting from the successful experiences of others, especially the German experience, will contribute to consolidating this goal.

He added that the Iraqi government is working with focus and race against time, to implement financial and administrative reforms, and the white paper presented by the government comes to outline a realistic path that contributes to overcoming crises and achieves development by making use of youth energies in various fields.

The Prime Minister also indicated, during his speech, that Iraq has an accumulation of confidence in the work of German companies and successful partnerships with them, and is working to provide a safe investment environment that supports the private sector, closes corruption gates and opens the door openly to long-term, established reforms.

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