It Includes Several Priorities.. Al-Najjar Explains The Strategy Of The Iraq Development Fund, 26 FEB

 It Includes Several Priorities.. Al-Najjar Explains The Strategy Of The Iraq Development Fund 

Economy    02-22-2025, 15:54  Baghdad - WAA - Mohammed Al-Talibi  The Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, explained today, Saturday, the most prominent strategic priorities that the fund is working on to  support economic growth in the country, while stressing the work to   create new guarantees that allow citizens to obtain loans.

Al-Najjar said in a statement to the Iraqi News Agency (INA): 

"The  priorities of the strategy that the Iraq Development Fund is working on to  
     support economic growth in the country are to find and create projects capable of accomplishing several things, including
 
     withdrawing the cash mass available to citizens,
     finding investment outlets for it, and also rebuilding projects that
     rebuild human capital in Iraq, in addition to projects that work to
     improve the environment in all its aspects, whether the actual environment, the economic environment, or the community." 

He added that"the fund is also working to revive small and medium enterprises after
 they were the basis of the economy, but today their role is very weak, and we are working to rebuild them, and we are also working seriously to restore the spirit of initiative and leadership among young citizens," noting that
 
"working to create new types of guarantees that allow citizens to obtain loans other than the current guarantees." He continued:
 
"We are also working on three types of projects, including
 
     projects with a societal return, and
     projects with a return on capital  or what is called a catalyst, and our role is a catalyst, and we are working on so-called
     growth projects, which are projects that generate money," noting that "the nature of the
 
fund's work is not only profit, but
 
our goal is development in all its forms,
 
     human development,
     wealth development,
     water development, and
     attracting the private sector to invest."

Regarding the monitoring and evaluation mechanisms adopted by the Fund to ensure the efficient and transparent implementation of projects and the achievement of their desired objectives, Al-Najjar pointed out that
 
“there is an international company that does this work, and
 
it submits its reports to the Fund’s Board of Directors.
 
We also adopt international standards for financial accounting for this purpose, as
 
we have internal and external auditing, as well as an audit from the Audit Bureau.”   https://www.ina.iq/228587--.html