Thurs. PM KTFA News Articles 7-29-21



Don961 » July 29th, 2021

Welcoming the economic results of Al-Kazemi’s visit to Washington

Thursday 29 July 2021 Baghdad: Haider Al-Rubaie 

The economic results of Prime Minister Mustafa Al-Kazemi’s visit to Washington were widely welcomed by many specialists, who stressed the importance of the meetings that Al-Kazemi held in the United States, and his review of the reform packages implemented by the government in various economic fields, as well as his continuous assurances regarding efforts to attract investment companies, And the continuous efforts to overcome obstacles to global companies.

Al-Kazemi discussed with the President of the World Bank Group David Malpass supporting the government’s plans in housing projects, joint cooperation in various fields, supporting the Iraqi government’s efforts in administrative reform and combating corruption, supporting capacity building for Iraqi institutions, public sector reform, and banking sector reform efforts” as well as research Supporting government plans in housing projects, and encouraging investments in this sector by American companies and other companies. 

Al-Kazemi also stressed, during his meeting with the Businessmen Forum and the American Chamber of Commerce, that Iraq’s doors are open to investment, and that the Iraqi government has taken bold measures towards real reforms in the economy.

He said, “The government has taken bold measures towards real reforms in the economy, the most important of which is strengthening credit activity in the banking sector,” noting that “we have begun to address weak infrastructure despite the budget deficit, by encouraging private sector investments.”

economic renaissance

Adviser in the Cabinet, Dr. Mazhar Muhammad Salih, told Al-Sabah that “what Iraq is looking forward to is how the international community can help the country’s housing renaissance, an initiative launched by the Prime Minister recently, which came in light of a housing shortage and destitution exceeding three million housing units.” across the country.”

Saleh pointed out that the United States has had a historical idea since the end of World War II that allocating a home for each family, which was considered one of the beginnings of the family social renaissance in America, so transferring great experiences to our country, and encouraging the real estate investment sector is a gateway to spreading the economies of peace and building Civilization and the happiness of the Iraqi human being and building sustainable stability in our country. The economic advisor pointed out that the Prime Minister’s efforts represent “the beginning of strategic development relations with the United States with great technological expertise in building economic ties with Iraq and a positive interaction with American capital in the future.”

development opportunities

Salih stressed, Iraq’s aspiration to build a long-term strategic economic partnership with the United States, and to strengthen opportunities for development and economic cooperation in the region, which has fought long conflicts that undermined opportunities for development and economic progress for the peoples of the region. Development, investment and prosperity, while hopes for a better future remained weak due to the continuation of wars and long conflicts.

He pointed out that Iraq, through deepening cooperation with major countries, seeks that these strong relations lead to the establishment of a political economy of peace through major companies in technology and reconstruction, and the transition to building prosperity, rejecting conflicts and achieving stability.

messages of reassurance

For his part, the researcher in economic affairs, Ali Al-Difai, believes that the Prime Minister succeeded, during his visit to Washington, in transmitting messages of reassurance to international companies regarding economic reforms to be implemented by the government, especially in the investment field.

Al-Dafii indicated that investment laws and legislation have a vital and effective role in attracting capital and investors, which was confirmed by Al-Kazemi during meetings he held with American investors and companies, when he explained the government’s intention to introduce reform packages in the economy in general, and the investment reality in particular.    link

Source: Dinar Recaps


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