Al-Ansari to "Al-Eqtisadiah News": The Economic Contact Group will accelerate the implementation of economic reforms

Economic expert Aqeel Al-Ansari. "Internet"
 
11/25/2020

Economy News - Baghdad

The economic expert, Aqeel Al-Ansari, said that the formation of the Economic Contact Group for Iraq will contribute to the implementation of economic reforms in Iraq.

He added in a statement to "Al-Iqtisad News" that "the group's role lies in helping the Iraqi government to draw a roadmap to get out of the economic predicament that it is experiencing, as a result of the outbreak of Corona virus and the low oil prices."

He added, "The importance of the group also relates to that it is a contact group and not a financial or economic alliance, meaning that they will not provide loans like the Kuwait Donors Conference.

"It is hoped that the group will monitor the progress of reforms, provide advice and expertise that is lacking in Iraq, and mobilize the international community to help it and bring it closer to international or legal accounting firms," ​​Al-Ansari said.

He pointed out that "the periodic meeting of the group, every three months, will push all the parties to implement what they have agreed upon and to progress according to the drawn road map."

He added that "the international community is represented in this group by the World Bank and the Monetary Fund, as well as the Group of Seven, which gives an indication that the international community is morally committed to helping Iraq out of this ordeal and build a better future."

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