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Finance Minister: The white paper was launched to correct distortions in the Iraqi economy

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Finance Minister: The white paper was launched to correct distortions in the Iraqi economy

Friday 10 December 2021 23:13 | economic    Number of readings: 982

Baghdad / NINA / -
Deputy Prime Minister and Minister of Finance Ali Abdul Amir Allawi inaugurated the Iraqi pavilion at Expo 2020 in the United Arab Emirates.

Allawi said in a speech on the occasion: "The white reform paper was launched to correct the structural distortions in the economy, the labor market, and the financial and monetary policies, and

during its second year, despite the challenges, it achieved impressive results in overcoming the financial collapse and global indebtedness and achieving a cash surplus that will be a basis for addressing the deterioration that hit the productive economic sectors.

He stressed: "The reform paper stressed the need to rebuild all sectors and in various fields, whether leadership, administrative, humanitarian and personal.

Technological skills occupied a large part of the government's concerns, such as digitization and automation of systems and the application of the ASYCUDA system, which is one of the modern systems to strengthen reform measures to improve the performance of financial institutions, including the collection of customs taxes at ports and border crossings."

He continued: "our participation in this platform civilization in Dubai for the year 2021 provides us with many opportunities to take advantage of science and technology outputs, and artificial intelligence in particular and open up new horizons in the world of economy, education and motivate talent and leadership Business".

The Iraqi delegation included the Minister of Commerce, the Governor of the Central Bank, the Chairman of the Investment Authority, a number of deputy ministers and advisors to the Prime Minister.
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