KRG Prime Minister Masrour Barzani on Wednesday chaired a meeting of the High Council for Investment to discuss current economic situation and the need to further develop investment in the Kurdistan Region.
In the meeting attended by Deputy Prime Minister Qubad Talabani and other cabinet members, Prime Minister Barzani stressed that the Kurdistan Regional Government (KRG) is working to build a stronger economy.
The Prime Minister also said the government will further develop agriculture, industry and tourism sectors to diversify the economy.
In that regard, the meeting also covered amendments to the investment law expected to be submitted to the cabinet for approval.
The meeting stressed that investment projects should serve the public needs and interest.
Prime Minister Barzani chairs cabinet meeting, calls for constitutional solution to problems with Baghdad
Prime Minister Masrour Barzani chaired a cabinet meeting in Erbil on Wednesday to discuss economic conditions in the Kurdistan Region and outstanding problems with the federal government.
In the meeting, which was also attended by Deputy Prime Minister Qubad Talabani, the Prime Minister wished success to the new Iraqi cabinet, and stressed the need for a constitutional solution to ongoing issues between Erbil and Baghdad.
The cabinet discussed proposed draft bills covering the selling and renting of public properties, investment, and patients’ rights. Relevant departments in the Kurdistan Regional Government (KRG) were assigned to prepare final drafts for parliament.
Prime Minister Barzani said the Kurdistan Region is going through difficult economic times due to falling oil prices and the impact of the coronavirus pandemic, and must make adjustments due to limited financial resources.
He called for a review of the economy in light of the regional financial downturn, and underlined the importance of continuing to implement the Reform Law (2020).
The Prime Minister said the KRG will do its best to pay public sector salaries, and reiterated his commitment to continue providing public services and strengthening the region’s infrastructure.
During the meeting, Deputy Prime Minister Talabani provided an update on recent discussions with federal authorities on budgetary issues and oil exports. He said dialogue with Baghdad will continue to reach a deal on outstanding problems.
The President of the Kurdistan Region, Nechirvan Barzani, has tasked Masrour Barzani, as Prime Minister of the Kurdistan Regional Government, to form the ninth ministerial cabinet, in the presence of the Speaker of the Kurdistan Parliament Ms. Vala Farid and the Head of the Judicial Council of the Kurdistan Region Judge Bangin Qasim.
It was proceeded by regional executive decree no. 1 (2019) and under the provisions of paragraph 12 of article 10 of the amended Law of Presidency of Kurdistan Region no.1 (2005), supported by parliamentary decision no. 7 of 2019.
According to the regional decree, the process of the formation of the ministerial cabinet must not exceed 30 days from the date of this decree, signed on Wednesday, 12 June 2019.