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Iraq Discusses Reforming Its Economy With Germany

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Iraq Discusses Reforming Its Economy With Germany

09/04/2022    43
 
Earth News/
The Minister of Finance, Ihsan Abdul-Jabbar Agency, received today, Sunday, the Ambassador of the Federal Republic of Germany to Iraq, Mr. Martin Jekar and his accompanying delegation.

According to a statement by the Ministry of Finance, received by Earth News,

"during the meeting, they discussed the extent of joint cooperation between the two countries in various fields, especially economic and investment, and ways to develop bilateral relations to include broader horizons of partnership."  The minister stressed

"the Iraqi government's aspiration to enhance cooperation by benefiting from German expertise in developing various development sectors in Iraq, praising the distinguished role of the German government and its great support for Iraq in various fields."

For his part, Ambassador Yekar praised the level of cooperation between Iraq and Germany in various fields,

stressing his country's readiness to continue providing all kinds of support to the Iraqi government and the Iraqi people in the path of the Iraqi economic reform program and achieving sustainable development requirements.

On the other hand, Minister Ihsan Abdul-Jabbar met “the delegation of the German International Cooperation Agency, to discuss strengthening the public financial policy programs and the financial market in Iraq, where

they exchanged views and the capabilities available to the two parties and common goals,

taking into account the developments in the global arena that require more cooperation and strategic partnerships, and

Requesting more technical details about all components of the project and

discussing the development of project mechanisms to achieve maximum benefit for the ministry’s cadres and institutions.”

During the meeting, the German Agency for International Cooperation (GIZ) provided a "detailed explanation of the program for the development of public financial management and the financial market in Iraq, which is funded by the German Ministry of Economic Cooperation (BMZ) and the European Union (EU)."

The program includes “developing the capabilities of the Ministry of Finance in the field of

    public financial policy and
    budget building,
    tax and customs administration,
    comprehensive digital transformation,
    combating money laundering,
    financing the private sector and small businesses
.”

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