Finance: The Iraqi economy has begun to recover as a result of the reform steps of the White Paper
Economie Yesterday, 20:43
Baghdad - conscious
Today, Saturday, the Ministry of Finance confirmed that the Iraqi economy has begun to recover as a result of the reform steps of the White Paper.
The ministry said in a statement received by the Iraqi News Agency (INA), that "Finance Minister Ali Abdul-Amir Allawi participated in the activities of the Bahr al-Ulum Dialogue Forum, which aimed to activate dialogue between the Iraqi elites and fill part of the void that the arena suffers from in its various axes, and one of its requirements is openness." On the various Iraqi segments, away from partisan, sectarian and nationalist entrenchments.
She pointed out that "the main objective of establishing such intellectual activities and meaningful dialogues is to produce a movement that helps create a moderate climate for the practice of political and economic work."
And she continued, "The forum witnessed the presentation of many of the articulated axes that His Excellency the Minister touched upon, the most important of which is the policy of changing the exchange rate that guarantees the revival of the Iraqi economy by supporting the productive sectors in the private sector and discussing opinions and ideas related to the current economic reality, and ways to move from the current low level of productivity.
And income to a high level of productivity and income, which is done by addressing the factors that led to low labor productivity in Iraq, which in 2018 recorded less than half of what it was in the seventies of the last century due to the dominance of the unproductive public sector, in addition to the decline in the goods sector. tradable, and the negative effects of the non-competitive exchange rate of the Iraqi dinar - especially against the exchange rates of the currencies of Iraq's trading partners - on the agricultural and basic industries sectors in Iraq over the past decades.
She pointed out that "reports of the World Bank, the International Monetary Fund and international organizations show that the Iraqi economy began to recover gradually at the beginning of 2021, as the World Bank and the International Monetary Fund expected the growth of the Iraqi economy, as a result of the reform steps that the Iraqi government is working on, embodied in the White Paper and its contents."
And she indicated that "the forum granted Allawi the shield of creativity and excellence and a certificate of appreciation for the distinguished efforts he made during the short period that passed since his assumption of the ministerial position."