"We have to make some amendments to some of the articles to improve the law so that there will be more encouragement to the investors to invest," she said.
Hamid said the ministry had opted for gradual economic reform by choosing a slow move toward privatization in order to protect government employees from losing their jobs.
Iraq has half a million employees that are seen as a burden on the ministry's shoulders as it cannot dismiss them because of the law and has to keep paying them salaries.
Hamid said the Finance Ministry had allocated 1.8 trillion Iraqi dinars to the ministry since 2006.
(Source: Reuters)
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