International Finance Corporation: Iraq is moving rapidly towards a better economic future
The resident representative of the International Finance Corporation, Bilal Al-Saghir, confirmed on Wednesday that the investment package launched in Iraq amounts to approximately one million dollars in the energy, health and industry sectors, while noting that Iraq is moving rapidly towards a better economic future.
Al-Saghir told the Iraqi News Agency (INA): “The institution is concerned with developing the private sector in emerging economies by providing investment services primarily, in addition to consulting services.”
He added that "the investment package launched amounts to approximately one million dollars and relates to providing a range of financial, funding and advisory services to a large number of projects."
He added that "part of these projects are in the energy sector, including gas conversion and preventing its flaring and converting it into energy, while the other part relates to the health, industrial and banking systems," noting that "this comes as a translation of our desire to invest more in Iraq."
He continued: "We will announce a large group of projects very soon," noting that "Iraq is moving forward rapidly towards a better future."
He affirmed that "the organization believes in the ability of Iraq and Iraqis to achieve a sustainable economy," expressing his "happiness to participate in this trip." link