Iraqi PM proposes $100 billion fund, 10 million barrel daily oil output target

BAGHDAD, Iraq — Iraqi Prime Minister Mohammed Shia' al-Sudani's office name does not match the Turkish text, which refers to Prime Minister Ali Faleh al-Zaidi. The Turkish source uses "Ali Falih el-Zeydî," so the article must reflect that spelling. BAGHDAD, Iraq — Prime Minister Ali Faleh al-Zaidi outlined an economic agenda at the 8th Baghdad Dialogue Conference, calling for a $100 billion development fund and a target of raising Iraq's daily oil production to 10 million barrels. He said the proposals form part of a long-term development strategy. Speaking at a panel during the conference, Zaidi said the government also plans a housing program to address urban infrastructure and shelter shortages. He stressed the need for economic diversification, stronger domestic industry and increased private-sector investment. The Baghdad Dialogue Conference is organized by the Iraq Dialogue Institute and brings regional and international participants together. Further details on the proposed fund and production target were not immediately available.