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Abadi: The World Bank announced its support for the reform plans in Iraq


yota691
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Economy News _ Baghdad:
 
 
 
A senior Iraqi delegation participated, on Friday, at the spring meetings of the IMF and World Bank currently being held in Washington. 
 
A statement by the Ministry of Finance "Economy News" received a copy of it, that the Iraqi delegation headed by Minister of Finance Dr. Abdul Razzaq al-Essa discussed with the IMF team headed by Christian Jos team manager negotiator for the International Fund for the second review of the program to prepare the credit (SBA) between Iraq and the International Monetary Fund within the spring meetings of the IMF and the World Bank agenda Ateyen currently being held in Washington in 2017.
 
The statement added, that the Iraqi delegation included the Iraqi Central Bank Governor Dr. Ali Keywords Advisor to the Prime Minister for Financial Affairs, Dr. Mohammed Saleh and the appearance of agents and general managers from finance ministries, electricity and the Central Bank of Iraq.
 
 
 
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Views 646   Date Added 04/21/2017 - 19:14   Last updated 22/04/2017 - 13:38   No. Content 7227
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World Bank is ready to allocate $ 9 million to support the associated gas investment in Iraq

The World Bank is ready to allocate $ 9 million to support the associated gas investment in Iraq

 

 

 2 hours ago

 

 

The World Bank is ready to allocate $ 9 million to support investment and development in the field of associated gas, Finance Minister Abdul Razzaq al-Issa said on Friday.

 

He said during the spring meetings of the International Monetary Fund and the World Bank in Washington that the Iraqi government will intensify the work of the joint committee between the ministries of finance, electricity and oil to activate the investment of gas associated with and benefit from the operation of electric power projects pointing to the World Bank's readiness to provide a grant of nine million dollars to support projects and studies to invest gas associated with in Iraq.

 
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  • yota691 changed the title to Iraq discusses with the IMF the credit readiness program

Iraq discusses with the IMF the credit readiness program

 
Date: 19:50 2017/04/21
 
 

Iraq Monetary Fund

Information / Baghdad ...

Iraq, Friday, discussed with the International Monetary Fund, the program of credit readiness "SBA".

"The delegation was headed by the Minister of Finance and the Agency of the Governor of Iraq at the World Bank, Abdul Razzaq Al-Issa, in the presence of the Governor of the Bank," said a statement issued by the Ministry of Finance, a copy of which was received by a senior Iraqi delegation participating in the spring meetings of the IMF and World Bank currently held in Washington. The Iraqi Central Ali Al-Aalak and the Prime Minister's Advisor for Financial Affairs, the appearance of Mohammed Saleh and agents and directors-general of the Ministries of Finance and Electricity and the Central Bank of Iraq. "

"The delegation discussed with the International Monetary Fund team led by Christian Goose, director of the negotiating team for the International Fund, the second revision of the SBA between Iraq and the International Monetary Fund in the framework of the Spring Meetings of the IMF and the World Bank currently held in Washington 2017. Ending / 25

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  • yota691 changed the title to The World Bank welcomes the Iraqi government's steps in resource management and reform visions

The World Bank welcomes the Iraqi government's steps in resource management and reform visions

economy

 Since 2017-04-22 at 18:16 (Baghdad time)

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Baghdad - Mawazine News

The World Bank on Saturday confirmed its support for Iraq's economic reforms and development through an integrated financial management system, while welcoming the steps taken by the Iraqi government in the field of resource management and the crystallization of reform visions.

The Ministry of Finance said in a statement issued on the sidelines of a joint meeting between an Iraqi delegation headed by the Minister of Finance and Agency Abdul Razzaq al-Issa and in the presence of the adviser to the Prime Minister appearance of Mohammed Saleh and a number of officials of the Ministry of Finance and the World Bank team and representatives in Baghdad in the spring meetings of the IMF and the World Bank in Washington, "The representatives of the World Bank have pointed out that economic reforms are a major necessity to reach an integrated system to manage the financial process of the state at the federal and local levels."

The ministry added that "the participants explained that the percentage of the task achieved by Iraqi institutions in this area, which gives the appropriate room for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required."

"The World Bank welcomed the steps of the Iraqi government in the field of resource management and crystallization of reform visions in coordination with international financial organizations and institutions."

Finance Minister Abdul Razzaq al-Issa said on Friday that the World Bank has indicated its readiness to allocate nine million dollars to support the investment of associated gas in Iraq. Ending 29/34 R.

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Editor Haider Majid - Saturday April 22, 2017 17:50
 
 
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Alsumaria News / Baghdad
The World Bank on Saturday confirmed its support for Iraq's economic reforms and development through an integrated financial management system, while welcoming the steps taken by the Iraqi government in the field of resource management and the crystallization of reform visions.
 
The Ministry of Finance said in a statement on the sidelines of a joint meeting between an Iraqi delegation led by Finance Minister Abdul Razzaq al-Issa and in the presence of Prime Minister's Adviser, the appearance of Mohammed Saleh and a number of officials of the Ministry of Finance and the World Bank team and its representatives in Baghdad in the spring meetings of the IMF and the World Bank in Washington, , "Alsumaria News, a copy of it," The representatives of the World Bank have pointed out that economic reforms are a key need to reach an integrated system to manage the financial process of the state at the federal and local levels. "
 
 
 
The ministry added that "the participants explained that the percentage of the task achieved by Iraqi institutions in this area, which gives the appropriate room for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required."
 
"The World Bank welcomed the steps of the Iraqi government in the field of resource management and crystallization of reform visions in coordination with international financial organizations and institutions."
 
Finance Minister Abdul Razzaq al-Issa said on Friday that the World Bank has indicated its readiness to allocate nine million dollars to support the investment of associated gas in Iraq.
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Bank of Iraq: Economic reforms need to Head

The World Bank Tells Iraq: Economic Reforms are Essential

 

 

8 hours ago

 

The World Bank told Iraqi officials on Saturday that economic reforms are a key need to reach an integrated system to manage the state's fiscal process at the federal and local levels.

 

This came during a meeting between a team from the World Bank and its representatives in Iraq and an Iraqi delegation headed by the Minister of Finance and Agency Abdul Razzaq al-Issa and in the presence of adviser to the Prime Minister and the appearance of Mohammed Saleh and a number of officials of the Ministry of Finance, as part of the spring meetings of the International Monetary Fund and the World Bank in Washington, Reply to Twilight News.

 

According to the statement, representatives of the World Bank noted that economic reforms are a major necessity to reach an integrated system to manage the financial process of the state at the federal and local levels.

 

The statement added that the two sides clarified that the percentage of the task achieved by the Iraqi institutions in this area, which gives the appropriate room for the World Bank to support the budget and reconstruction projects within the time limits achieve their objectives required.

 

The bank welcomed the steps taken by the Iraqi government in the field of resource management and the crystallization of reform visions in coordination with international financial organizations and institutions, according to the statement.

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14 hours ago, 10 YEARS LATER said:

WB & IMF articles abound lately . . . looks like this :moneybag:pie is about done  -  who's ready to take their own " piece of this :moneybag:PIE "

Man, I am so fringing ready I can see my new life in front of means it is looking good.  

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World Bank allocates $ 9 million to support gas investment in Iraq

World Bank allocates $ 9 million to support gas investment in Iraq
Last updated: April 23, 2017 - 11:04

 Baghdad / News Network Iraq, said the World Bank, Sunday, support for reforms of Iraq's economic and development through an integrated financial management system, while welcomed the steps the Iraqi government in the field of resource management and the development of visions Alasalahih.oukalt the Ministry of Finance in a statement issued on the sidelines of a joint meeting between the Iraqi delegation headed by Minister of Finance agency Abdul Razzaq al-Issa and in the presence of Prime Minister Advisor to the appearance of Mohammed Saleh and a number of Ministry of Finance officials and the World Bank team and its representatives in Baghdad as part of the spring meetings of the IMF and World Bank held in Washington: "the World Bank representatives have indicated that reforms Alaguetsa Yeh is a need for the President of access to an integrated system for the management of the financial operation of the state at the federal and local level, "it added the ministry, that" the meeting pointed out that a significant percentage achieved by the Iraqi institutions in this area, giving room appropriate to the World Bank to support the budget and reconstruction projects within the time limits to achieve its objectives required ".utabat ministry, that" the World Bank welcomed the steps the Iraqi government in the field of resource management and the development of visions of reform in coordination with international organizations and financial institutions ".ooaln Minister of Finance agency Abdul Razzaq al-Essa, the World Bank expressed its readiness to allocate nine Mlao N dollars to support the associated gas investment in Iraq. 

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On April 22, 2017 IMF held their 35th meeting. Here is a snippet of what was said regarding Iraq:

Several countries in our constituency have embarked on major economic transformations—
with ongoing Fund programs in Egypt, Iraq, and Jordan. In these cases, politically and
socially difficult reforms were implemented. Reforms centered on cutting current spending,
reducing subsidies, generating higher revenue by broadening the base of existing taxes, and
preserving space for infrastructure and social spending. In Egypt, the flotation of the
exchange rate in November marked a historical step—that was well prepared and
implemented, with virtually no central bank intervention. The move was coordinated with a
package of tax including a new VAT law, as well as expenditure cuts that included wage
restraint and price increases on a wide range of subsidized goods. In all these countries, there
is a broad-based recognition of the need for deep and broad structural reforms to move to a
higher and more inclusive growth trajectory. We call on the Fund to consider binding
political economy constraints to ensure successful conclusion of existing programs. Fund
documents and press statements should adequately recognize the authorities’ home grown
initiatives and seek to build mutual trust with the authorities. The Fund’s provision of timely
technical assistance is much appreciated and continues to play an important role.

The region continues to struggle with conflicts and security disruptions that have held back
growth and increased uncertainty. Fund analysis highlights the immense humanitarian and
economic losses associated with the, and related spillovers. As estimated by the Fund, postconflict
2020 GDP in Iraq, Libya, Yemen, and Syria is estimated to range between 30 and 90
percent lower than what was forecast for 2020. 

Edited by Theseus
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http://journaliraq.com/صندوق-النقد-والبنك-الدوليان-يدعوان-ال/.....................

Washington Journal

It discussed the Iraqi delegation, with the IMF team headed by team manager negotiator for the International Fund for Christian Jos, the second review of the program to prepare the credit (SBA) between Iraq and the International Monetary Fund in the spring meetings of the IMF agenda and the Bank Ateyen currently being held in Washington, 2017.

An informed financial officer on Iraq's recent talks with the International Monetary Fund and the World Bank, in a statement singled out by the (Journal), the summary of the recent discussions, is that the two international financial, demanded the Iraqi government to proceed with financial reform, at the local and international levels, and that economic reforms represent a major need to reach an integrated system for the management of the financial operation of the state at the federal and local level.

While the Minister of Finance Agency, Dr. Abdul Razzaq al-Issa revealed the readiness of the World Bank to allocate nine million dollars to support investment and development in the field of associated gas.

Issa said during the spring meetings of the IMF and the World Bank in Washington, said the Iraqi government will intensify the work of the joint committee between the ministries of finance, electricity and oil to activate the gas investment associated with and benefit from the operation of electric power projects, drawing attention to the readiness of the World Bank to provide a grant of nine million dollars to support projects and studies to invest the associated gas in Iraq.

The Finance Ministry said in a statement that the World Bank representatives have indicated that economic reforms are a major need to reach an integrated system for the management of the financial operation of the state at the federal and local level.

The statement added that the meeting made it clear that a significant percentage achieved by the Iraqi institutions in this area gives the appropriate scope of the World Bank to support the budget and reconstruction projects within the time limits required to achieve its objectives.

The Bank welcomed the steps the Iraqi government in the field of resource management and the development of visions of reform in coordination with international organizations and financial institutions, according to the statement.

He participated, a senior Iraqi delegation at the spring meetings of the IMF and the World Bank is currently held in Washington, as the delegation was headed by the Minister of Finance Agency Governor of Iraq at the World Bank, Dr. Abdul Razzaq al-Issa in the presence of the Iraqi Central Bank Governor Dr. Ali Keywords Advisor to the Prime Minister for Financial Affairs appearance of Dr. Mohammed Saleh, agents and managers two years of finance ministries and electricity and the Central Bank of Iraq.

Members of the International Monetary Fund states pledged on Saturday to work to reduce global imbalances, but failed to repeat the pledge announced in the past to resist all forms of protection Altjarah.okrrt is also the Finance Committee of the Fund, a specialized body under the guidance fund policies, commitments announced earlier on currency exchange rates.

She said, "we'll refrain from competitive currency cuts will target prices for currency exchange for competitive purposes.

"We will also work together to reduce excessive global imbalances by following the proportionate policies, working to enhance the contribution of trade to our economy."

The adoption of the statement to a large extent the tone of a statement issued by the Group of Twenty last month in Baden-Baden, Germany, where US Treasury Secretary Stephen Mnotchen said that the pledge to combat trade protectionism is no longer the right thing.

Said Agustin Carstens of Mexico's central bank governor, who chairs the steering committee of the International Monetary Fund that protectionism "is a relative term" and "fuzzy".

"There is no country has no texts on trade.

"Instead of a long talk about what it means this concept we were able to put it in a positive framework and more constructive."

And Carstens a financial worlds officials attending the spring meetings of the International Monetary Fund and the World Bank during the current week.

He said the goal is to take advantage of the trade and that all members "biased" to the need for a free and fair trade.

The statement said the Finance Committee IMF said that although the global economic recovery is gaining momentum, the growth "is still modest," and warned of the growing political uncertainty.

Members of the International Monetary Fund gave up on Saturday vowed to fight trade protectionism amid disagreement over trade policy and focused their attention on the threat of another global economic integration looms on the horizon, namely the first round of the French presidential elections.

During the spring meetings of the International Monetary Fund and the World Bank have increased fears of offering Marine Le Pen and the far-right candidate Jean-Luc Melenchon candidate left in the first round of the French presidential election, as well as concern over US trade policy.

He said Christine Lagarde, director of the International Monetary Fund, told a news conference: "There was a clear understanding in the room we switched from (talk) about the financial and economic risks to geopolitical risks greater."

It failed a statement issued by the Steering Committee of the International Monetary Fund on Saturday to repeat the pledge announced in the past to resist all forms of trade protectionism. The statement adopted the tone of the US administration sought her last month in Germany, while the development of a strategy to reduce the US trade deficit.

A few days ago the IMF warned that the protection that restrict trade policies may stifle the ever-improving global growth.

The statement pledged to the International Monetary and Financial Committee for the affairs of the Fund in the statement that the members work "together" to reduce the current imbalance in the balance of world trade.

 
 

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  • yota691 changed the title to Abadi: The World Bank announced its support for the reform plans in Iraq
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