The Minister of Finance reveals the most important challenges of the next government

BAGHDAD-INA

Finance Minister Ali Allawi revealed  Thursday the most important challenges facing the next government, while referring to cooperation with the US Treasury Department on money laundering.

 Allawi said, during a symposium organized by the Atlantic Research Institute in Washington, and followed by the Iraqi News Agency (INA), that "the most prominent Iraqi challenges that the next government will face are the inherited laws and institutional procedures," stressing "the need to address them if we want to benefit from the country's resources and strategic location and how to transform the economy into a post-oil era.

Allawi confirmed in a statement to Al-Iraqiya News, which was followed by the Iraqi News Agency (INA), on the sidelines of his participation in the spring meetings held in Washington, that "this visit came to deepen the economic relationship with international institutions, the World Bank, the International Monetary Fund, the US Treasury and the US Agency for Development, and we aspire to strengthen relations."

 He added, "The IMF supports the overall economic and reform policy for Iraq," noting that "the World Bank supports certain projects, and now they have several projects they are working on in Iraq."

He continued, "There is cooperation with the US Treasury on several issues, including money laundering and Iraqi-American relations in light of the Russian-Ukrainian war, because there are economic aspects that must be taken into consideration."

 He continued, "In light of all these matters, it was necessary for us to come to Washington with a large and important team from the (Iraqi Finance) Ministry and other ministries."