Economy News

Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income

The Prime Minister for Economic Affairs and Finance Minister Fouad Hussein on Monday, the government adopted a new policy in the revitalization of the economy and diversification of sources of income.

“The latter met on the sidelines of the World Bank meetings in Washington with the Deputy Managing Director of the International Monetary Fund (IMF), Mitsuhiro Furosawa, and invited him to visit Iraq and open a fund office to promote joint cooperation,” a statement from Fouad Hussein’s office said.

“The finance minister explained the latest developments on the political and economic fronts in Iraq and the government’s efforts through its ambitious program to restore stability and reconstruction of the liberated areas of terrorist organizations and the government’s adoption of a new policy to stimulate the economy and diversify sources of income,” he added.

The statement said that “the meeting was also attended by the governor of the Central Bank of Iraq Ali Alalak.” Source