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Adviser Abadi calls for openness to foreign investment to cope with the financial distress
Saturday 26 September 2015 21:12
Alsumaria News / Baghdad
The Prime Minister called for economic affairs adviser appearance of Mohammed Saleh, Saturday, to open up to foreign investment to cope with the financial hardship experienced by the country, warning of alarming reports about the economic situation.
Saleh said in an interview with Alsumaria News, said that "Iraq live financial hardship, but at the same time not slumped countries or poor, but we nevertheless must tend to caution and anticipation," noting that "there are reports raise a lot of panic in this regard."
Saleh stressed the need to "open up to foreign investment and meet the excess expenditure to cope with this distress," adding that "the reforms launched by Prime Minister Haydar al-Abadi recently are beginning to re-examine the structure of the Iraqi economy."
It is said that Iraq live under a severe financial crisis due to the deficit in the state budget as a result of the sharp and continuous decline in world oil prices.