Friday, November 23, 2018 03:49 PM
BAGHDAD / President Barham Saleh said on Friday that "corruption and misuse of public funds" undermine efforts to reconstruct Iraq.
"Iraq is planning to launch a reconstruction agency that will focus on projects such as a deep-water portand a rail network as the country seeks to overcome years of unrest," Saleh said at a conference of the Mediterranean Dialogue in Rome.
"Iraq is also planning to work with foreign entities, including sovereign wealth funds, in a few infrastructure projects," he said, adding that corruption and misuse of public funds are problems undermining reconstruction efforts.
He pointed out that "Iraqi private sector companies and foreign and international financial institutions and donor countries and sovereign wealth funds will be invited to invest in these projects (infrastructure)."
aynaliraqnews.com
