Baghdad: Prime Minister Ali al-Zaidi addressed the pressing economic and political challenges facing Iraq at the 8th Baghdad Dialogue Conference, emphasizing a multi-faceted approach to resolving the country’s current difficulties.

According to National Iraqi News Agency, Al-Zaidi highlighted the significant regional and economic hurdles Iraq is facing, particularly in light of potential disruptions like the closure of the Strait of Hormuz. He assured that the government is actively working to address these issues through various strategies, including the activation of border crossings and the development of robust economic policies.

During his address, Al-Zaidi stressed the importance of submitting a draft budget that incorporates reform plans to tackle economic challenges. He reassured the audience that the government is committed to combating corruption and consolidating weapons under state control, with support from various political forces.

Al-Zaidi also emphasized the government’s achievements in securing employee salaries and government payments while outlining plans to present a comprehensive budget that will serve as a roadmap for Iraq’s economic future. He noted that the upcoming budget will prioritize the electricity sector, with an emphasis on expanding solar energy usage.

In the oil sector, Al-Zaidi announced efforts to increase Iraq’s oil exports through various ports and secure a more favorable export quota from OPEC. He highlighted Iraq’s significant role in combating ISIS, advocating for an oil export quota that reflects the country’s population and reserves.

On foreign relations, Al-Zaidi underscored Iraq’s role as a stabilizing force in the region, working to transform its position from a conflict zone to a bridge for negotiation and understanding. He confirmed his commitment not to seek a second term, emphasizing the long-term benefits of the government’s reform programs.

Al-Zaidi outlined plans for a Development Fund with a capital of $100 billion, aimed at supporting the private sector and encouraging its growth. He also detailed a project to distribute one million residential plots, targeting citizens without property, which will be implemented over the next three years.

The Prime Minister reiterated the government’s commitment to improving the investment environment and creating conditions favorable to investors and the private sector. He explained that tax revenues on imports will be collected in advance to generate state revenue, with a system in place to refund the amounts if imports do not occur.

Al-Zaidi concluded by highlighting the government’s shift towards pre-audit and price controls to combat corruption, expressing confidence in Iraq’s potential to become a stable and economically powerful nation in the region.