Because of the rentier economy .. Minister of Planning: Iraq is going through the most difficult crisis in its history
Because of the rentier economy .. Minister of Planning: Iraq is going through the most difficult crisis in its history
12/21/2020 15:02
[Baghdad-Where]
Minister of Planning, Khaled Battal Al-Najm, said on Monday that the Iraqi economy is going through the most difficult crisis in its history, resulting from the unilateralism and rentier nature of this economy.
The minister said, according to a statement, that “the Iraqi economy is going through the most difficult crisis in its history, which is a complex crisis, accumulated over long decades of failures, resulting from the unilateralism and rentier nature of this economy, making it reach a dead end.”
And, “This matter requires urgent and effective measures to overcome the crisis, by establishing economic policies that help the growth of productive sectors and diversify sources of financing,” he said.
Al-Najm pointed out, “Iraq’s obligations with the international community to achieve the goals of sustainable development, which will require important obligations on all sectors of the state, including governmental, private sector, civil society organizations, and the media.”
He pointed out, “the important role that sectoral ministries play in achieving sustainable development goals, which represent a basis for the economic reforms that the government is working to achieve.”
The Minister of Planning called for “adopting sustainable development standards in the construction of residential complexes, which adopt thermal insulation processes, and thus reduce electrical energy consumption, while continuing to educate citizens about the need to rationalize energy consumption in general.”
The Minister of Planning, Khaled Battal Al-Najm, chaired a meeting of the follow-up cell today, Monday, to achieve the goals of sustainable development 2030, and to prepare the second national voluntary report, which will be presented during the high-level meeting of the United Nations in the middle of next year.
alliraqnews.com
