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Finance Minister: We will introduce reforms within three months and they will be presented to the people

The Deputy Prime Minister and Minister of Finance Ali Allawi held a press conference in Baghdad in which he briefed the media on the Iraqi government’s strategy to address the economic and financial crisis and the reform program that it will embark on.

Allawi said at the conference that “the Iraqi government is now in the process of dealing with the accumulations of previous wrong policies, the repercussions of the Corona epidemic and the decline in oil prices, through a reform process based on justice. We will introduce reforms within three months, and we will work to implement them in cooperation with all groups of society.”

He added: “We will introduce reforms within three months, and they will be presented to the people, the cabinet, and the parliament. We will work to start reform in cooperation with all groups of society.”

He continued: “We do not want Iraq to remain a country dependent on oil as a primary source of revenue. Therefore, one of the priorities of the Iraqi government is to stimulate the private sector and enable it to play its leading role in the economy.”

He explained: “During my visit to the Kingdom of Saudi Arabia and the State of Kuwait, we discussed investment and opening up prospects for cooperation with countries in the region, we want to create a kind of balance and complementarity in investment opportunities and this is an essential part of government policy.” Source