Iraq spends $1.52 billion to complete investment projects
Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, ordered on Tuesday to accelerate the financing of several investment projects in Iraq.
Al-Sudani's decision was made during a meeting chaired to approve the dues for investment projects carried out by Iraqi ministries, according to a statement released by the Prime Minister's Office (PMO).
The meeting addressed the details of the projects and authorized the release of two trillion Iraqi dinars ($1.52 billion) to cover the ministries' investment plan projects.
The meeting also authorized 1.4 trillion Iraqi dinars (approximately $1.07 billion) to fund investment projects in different Iraqi provinces, according to the statement.
Al-Sudani urged the Ministry of Finance and the Ministry of Planning to accelerate funding procedures to ensure that projects are completed as soon as possible.
This step demonstrates the government's commitment to completing its service projects, which will be implemented more quickly in accordance with the government's agenda to develop productive investment, service, and economic sectors.
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