Abadi to take immediate action to address the financial crisis

By Abdelhak Mamoun - Aug 25, 2015

(IraqiNews.com) Baghdad – Prime Minister Haider al-Abadi announced Tuesday, that he will be taking immediate action to face the financial crisis in Iraq.

Ebadi said in a statement issued on the sidelines of the cabinet meeting, which was held today, and followed by IraqiNews.com, “the ministries should take a role in the reform process, and provide better services to citizens.”

Abadi stressed “taking immediate action to cope with the financial crisis resulting from the decline in oil prices,” noting that “among those actions will be the allocation of five trillion dinars for the revitalization of agriculture, industry and housing sectors and to encourage investment, as well as creating jobs.”

Abadi instructed on Monday (24 August 2015) to take immediate action to stimulate the private sector and reduce the unemployment rate.