Almasalah

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Washington: We are committed to supporting Iraq’s efforts to implement the white paper on economic reforms

US Ambassador to Iraq Matthew Tueller highlighted, on Thursday, September 23, 2021, the projects supported by the American Development Finance Corporation to improve access to finance in Iraq, during a welcome speech at the Iraq Finance Fair, which was held on Wednesday, September 22, 2021 .

In a statement received by Al-Masala, the US embassy said that the US Agency for International Development has provided more than (8) million dollars in loans since 2015 to help small and medium-sized enterprises recover from the war against ISIS .

The ambassador noted the US government’s cooperation with the Ministry of Finance in the new financial transparency initiative to strengthen open budget procedures and improve public access to budget documents, including state-owned companies .

He pointed out the importance of the private sector, given that the three state-owned banks own about 85% of the total deposits.

And he indicated that the United States is committed to supporting Iraq’s efforts to implement the White Paper on economic reforms and build a vibrant and developed economy that provides job opportunities in the private sector.