Nearly two years after launching the White Paper, what are the achievements?

Shafaq Information/ The Iraqi Ministry of Finance revealed its “achievements” from the White Paper prior to now interval.

In October 2020, the Iraqi authorities accredited the so-called “White Paper,” a plan to reform the financial system.

The Ministry stated, “the Iraqi authorities continues to implement the initiatives within the White Paper, and the Ministry of Finance has superior and made profitable steps underneath the steerage and follow-up of Minister Ali Abdul-Amir Allawi.”

The Ministry’s assertion listed the achieved initiatives, together with “growing the principles of organizing the state’s common finances, getting ready the federal government debt technique, and getting ready for automating the tax system.”

The Ministry added that it appointed international consultants within the insurance coverage sector, and “work is underway to check the insurance coverage market in Iraq in preparation for amending the sector’s laws in cooperation with the British Adam Smith Institute.”

Holding on itemizing its “achievement,” the Ministry stated it launched the 4G expertise providers in Iraq, “activated initiatives from the Central Financial institution for giving loans to encourage using different power in Iraq, and “work is underway to finish {the electrical} reference to neighboring nations.”

The assertion additionally referred to the rise within the variety of folks coated by the “social safety” program and the initiation of the 1000 faculties program in cooperation with China.

In response to Al-Kadhimi’s authorities, the White Paper is a complete program that units out a transparent roadmap to reform the Iraqi financial system and deal with the collected, decades-old critical challenges that confront it.

The paper includes 5 axes to realize reforms in finance, economics, important providers, and regulation.

https://shafaq.com/en/Financial system/Almost-two-years-after-launching-the-White-Paper-what-are-the-achievements