Al-Sudani: The government will continue its measures to reform the banking sector
Al-Sudani: The government will continue its measures to reform the banking sector
2-3-2024
Information / Baghdad..
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that the government has provided sovereign guarantees for projects implemented by the private sector.
A statement from Al-Sudani’s office received by the Al-Ma’louma Agency stated that “the Prime Minister received a number of investors and businessmen who own medium-sized projects.”
The statement added, “The meeting witnessed a review of the most important projects being implemented, the obstacles and problems facing employers, and ways to address them.”
During the meeting, the Prime Minister stressed “the government’s orientation towards supporting the private sector and supporting small companies,” noting “activation measures taken for the first time, including the sovereign guarantees provided by the government for projects implemented by the private sector.”
Al-Sudani stated, “These steps come from the government’s vision of the state’s work that it cannot be managed only through government institutions and the public sector, relying on the budget and oil prices, and on government jobs. Rather, there must be a societal understanding of the private sector, and experience with projects.” Small and developing.
According to the statement, the Prime Minister touched on “the challenges facing economic and financial reform in several files, as the implementation of the electronic payment system faces many obstacles, and there are also attempts to circumvent tax reform, company registration and customs procedures, and all of them are being addressed,” stressing that “the government also continues to… Its measures to reform the banking sector.
The statement indicated that “the Prime Minister talked about contracts for new residential city projects,” explaining that they “aim to solve the housing crisis and revitalize industry at the same time, as the construction sector serves this trend, which increases local production capacity in these industries.”
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