Iraqi PM discusses cooperation with IFC

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Iraqi PM discusses cooperation with IFC

• Amr Salem
•  March 5, 2024
•  77
•  2 min

The Iraqi Prime Minister, Mohammed Shia Al-Sudani, and a delegation from the IFC, headed by the IFC’s Vice President for Middle East Affairs, Hala Sheikh Ruhu. Photo: INA

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, reviewed on Tuesday prospects for cooperation between Iraq and the International Finance Corporation (IFC), one of the World Bank’s institutions.

Al-Sudani received a delegation from the IFC, headed by the IFC’s Vice President for Middle East Affairs, Hala Sheikh Ruhu, where he emphasized that the Iraqi government is continuing with economic reforms and measures to improve the investment climate, according to a statement released by the Prime Minister’s Office (PMO).

The Iraqi Prime Minister indicated that the government encourages non-oil industries, gives the private sector more influence, and implements initiatives that increase the country’s gross domestic product (GDP).

Al-Sudani urged the IFC to establish a training center in Iraq that focuses on developing banking operations, preparing project economic models, and supporting the private sector in Iraq’s building materials industry, given the growing need brought about by the advancement of new city projects.

The Prime Minister highlighted the importance of supporting projects related to the Development Road project and completing the plans prepared for the renovation of Baghdad International Airport.

Ruhu affirmed the IFC’s eagerness to cooperate with Iraq in different sectors, lauding the role of the Iraqi government in expanding reforms and adopting plans that reduce carbon emissions.

According to the IFC official, the organization is aiming to assist sustainable development, accelerate the development of Iraq’s diverse economic sectors, and finish the renovation and expansion plans of Baghdad International Airport.

https://www.iraqinews.com/iraq/iraqi-pm-discusses-cooperation-with-ifc/

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