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DinarThug

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Posts posted by DinarThug

  1. LINK

    Kurdish deputy confirms the difficulty of the agreement between Baghdad and Erbil

     
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    17:26 - 10/22/2020
     
     

    On Thursday, a member of the Kurdistan Regional Parliament, on the movement of the new generation, Kawa Abdul Qadir, acknowledged the difficulty of Baghdad and Erbil reaching a comprehensive agreement on financial and oil issues.

    "The intransigence of officials in the Kurdistan region and the lack of clarity and transparency in the oil files and the issue of border crossings prevents reaching an agreement with the federal government," Abdul Qadir told Al-Maouma.

    He added, "It is clear that the Kurdistan Regional Government is procrastinating in not implementing the conditions and demands requested by the federal government regarding the delivery of oil and the proceeds of the border crossings and cooperation with Baghdad in preventing administrative corruption."

    He pointed out that "citizens in the region are tired of the lies and procrastination practiced by the power parties and their families, at a time when the citizen suffers from difficult living conditions."

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  2. LINK

    Al-Kazemi and Prince Charles discuss initiatives to enhance coexistence, community peace and environmental protection

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    22nd October, 2020


    Prime Minister Mustafa Al-Kazemi discussed today, Thursday, with the Crown Prince of the United Kingdom, Prince Charles, initiatives aimed at promoting coexistence, community peace and protecting the environment.

    The media office of the Prime Minister said , in a statement received by “Advance” a copy of it, that “Al-Kazemi met, today, Thursday, Prince Charles, Crown Prince of the United Kingdom, Prince of Wales, at the Royal Clarence House Palace in the British capital, London, as part of his current visit to Britain, "indicating that "during the meeting, bilateral relations between the two countries and ways of developing them were reviewed, as well as the development of prospects for cooperation between Iraq and the United Kingdom, in various fields.

    The statement added, "The meeting also discussed discussion of some initiatives that contribute to promoting coexistence, community peace and environmental protection, and some steps were discussed in this regard."

    ############

    LINK

    Al-Kazemi and Prince Charles discuss initiatives to enhance community peace and protect the environment


    Al-Kazemi and Prince Charles discuss initiatives to enhance community peace and protect the environment

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  3. Pictures: Iraq discusses its economic crisis with 3 influential international parties


    2020-10-22
     
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    Yes Iraq - Baghdad

     

    The British ambassador to Iraq, Stephen Hickey, expressed his happiness at the meeting of Iraq with the Group of Seven and the international criticism to discuss its economic crisis.

    Hickey said in his post that it is wonderful to see the meeting of the Group of Seven, the International Monetary Fund, the World Bank, and the Finance Committee in the Iraqi parliament to support economic reform.

    He added: International support is crucial at this difficult moment for the Iraqi economy.

     

    The United Kingdom announced earlier today, Thursday, October 22, 2020, the formation of the Economic Contact Group on Iraq in an effort to stimulate international support for the urgent economic reform program in Iraq.

    A statement by the British Foreign Office stated that the United Kingdom will launch a three-year program at a cost of 6 million pounds sterling to provide global expertise to achieve economic growth and improve the security situation.

    She added: Prior to his meeting with Iraqi Prime Minister Mustafa Al-Kazemi today (October 22), Foreign Minister Dominic Raab stressed the need to support the Iraqi economy, which is facing difficulties, and to work with the government to improve stability and security in the country, to ensure a better recovery from the Corona virus.

    She explained that, given the high number of COVID-19 cases and the decline in oil prices, Iraq is in urgent need of international aid. Therefore, the United Kingdom announces a three-year program, at a cost of 6 million pounds sterling, to support the ability of the Iraqi government to meet these challenges. This new program draws on international experiences from the public and private sectors to enhance stability in Iraq and introduce vital economic changes in order to accelerate growth.

    The Foreign Ministry continued: The United Kingdom also mobilized the international community to form an economic contact group on Iraq (the “Economic Contact Group”), which will work with the Iraqi government to develop a roadmap to implement change in an effort to stop the economic crisis and provide job opportunities so that the Iraqi people can secure a better future.

    She explained: The first meeting of the Economic Contact Group will be held at the Ministry of Foreign Affairs and Development headed by Deputy Prime Minister and Minister of Finance Ali Allawi, Minister of Middle East Affairs James Cleverley, and in the virtual presence of participants from around the world.

    LINK

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  4. Finance Minister: European countries are preparing the White Paper, an ambitious program for comprehensive economic reform in Iraq


    2020-10-22
     
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    Yes Iraq - Baghdad

     

    The Minister of Finance, Ali Abdul Amir Allawi, announced, on Thursday, October 22, 2020, the support of international organizations and industrial countries for the White Paper.

    The media office of the Minister of Finance said in a statement: “Allawi confirmed, after his participation in the tour of Prime Minister Mustafa Al-Kazemi to a number of European countries, that the White Paper received absolute support from industrialized countries and international organizations for the first time.”

    The statement added that “international support and welcoming the white paper is an achievement of the Ministry of Finance,” indicating that “international organizations have seen that Iraq faces arduous economic challenges overshadowed by the crisis of Corona and the decline in oil prices, and that the White Paper is an ambitious program for comprehensive economic reform, enhancing the growth of the private economy and protecting the most groups Double ”.

    He pointed out that "the industrialized countries and international organizations announced their support for the Iraqi government's vision of reform not only to ward off the current crises, but to create permanent economic opportunities for the Iraqi people that meet their aspirations."

    The statement pointed out that “earlier, the Finance Committee in the Iraqi Council of Representatives announced its support for the white paper that aims to reform and activate the private sector and change the course of the national economy from the role of state control to the role of regulation, law enforcement, attention to vulnerable groups, social welfare and work to make radical improvements to The state administration of the public financial system to reduce the continuous waste of resources, and also seeks to restructure the banking sector and put in place scientific and real solutions to raise the production of the public sector.

     

    LINK

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  5. 6 trillion dollars “latent” in Iraqi lands without use: establishing an annual budget for the state for 60 years!


    2020-10-22
     
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    Yes Iraq: Baghdad

     

    The Parliamentary Economic and Investment Committee said that Iraq possesses 11 billion tons of phosphates and 600 thousand tons of sulfur, which is equivalent to about 6 trillion dollars latent in Iraqi lands if invested and sold globally.

    Committee member Hassan Jalal Al-Tamimi said that the industrial sector has been suffering from a difficult reality since 2003 until now, due to political quotas and corruption.

    He added that the local industry was supplying the budget with more than 16% of the revenues, pointing out that Iraq has a mine of minerals, but it is not properly exploited.

    He pointed out that Iraq possesses 600 thousand tons of sulfur and the global price per ton is more than $ 700. It also has more than 11 billion tons of phosphates, and its global price is estimated at $ 530.

    He explained, that Iraqi sulfur is one of the finest species in the world, but it needs real exploitation, pointing out that his committee agreed with the former Minister of Industry to rehabilitate the national industry, but the agreement was not implemented.

    Al-Kinani considered the local industry as scrap iron, warning against referring cement and other mineral projects to investment.

    He pointed out that he had collected 160 signatures in Parliament to stop the mineral investment law because its passage would lead to a disaster for the right of the people, stressing that every person who allows mineral investment is a criminal against the people.

    LINK

    • Upvote 3
  6. LINK

    Mazhar Saleh: I do not worry about the salaries of October

     

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    22nd October, 2020


    The Economic Adviser to the Prime Minister, Mazhar Muhammad Salih, stated, Wednesday, October 21, 2020, that there is no need to worry about the salaries of employees for the current month of October.

    Salih told Al-Masalla, "The issue of paying salaries for the current month of October is not a concern, and that the delay will not be as it happened last month," noting that "there is flexibility on the part of the concerned authorities to disburse salaries without delay."

    And that "the rights are guaranteed and there is a directive from the House of Representatives and the government to disburse salaries by approving the internal borrowing law submitted to the House of Representatives."

     

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  7. LINK

    Al-Kazemi: We do not want to be dragged into any conflicts in the region and we boiled over to protect our economy from collapse

    Al-Kazemi: We do not want to be dragged into any conflicts in the region and we boiled over to protect our economy from collapse
     
     
    22nd October, 2020
     
    The Prime Minister’s Office revealed, on Thursday evening, the results of Mustafa Al-Kazemi’s meetings with Prince Charles and his British counterpart Boris Johnson in London.

     

    "The meeting discussed issues of common interest and the development of bilateral relations. It also discussed agreement on further cooperation and the way forward for strategic cooperation," his media office said in a statement.  

    He added, "Al-Kazemi stressed the work to conduct early, fair elections that meet the demands of the Iraqi people and their ambitions, as he made clear that this round comes to document Iraq's relations with friends and allies who contributed to the war on ISIS."

    Al-Kazemi also announced during the meetings, according to the statement, that "Iraq can play a positive role in the calm," saying, "We want to protect the Iraqi economy from collapse, so we presented the white paper for reform," stressing, "Working to hold early and fair elections that meet the people's demands." Iraqi and his ambition. "
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  8. LINK

    Baghdad asks for support from Moscow in 4 sectors and invites it to contribute to increasing Iraqi oil exports to OPEC

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    22nd October, 2020


    On Thursday, the Iraqi Parliament called on Russia to contribute to increasing the ceiling of oil exports to Iraq in "OPEC Plus", and also requested support from it in 4 sectors.

    The office of the First Deputy Speaker, Hassan Al-Kaabi, said, in a statement received by Shafaq News, that "the First Deputy Speaker of Parliament, Hassan Karim Al-Kaabi received the Russian ambassador to Iraq, Maxim Maximov and his accompanying delegation, where bilateral relations were discussed, and the work of the parliamentary friendship committees was activated between The two countries, in addition to reviewing a number of regional and international files."

    Al-Kaabi considered the "role and position that Russia plays as "influential and important" with the "OPEC Plus" organization, which makes it capable of influencing the aspect of showing possible facilities to increase the ceiling of oil exports to Iraq to finance the current financial deficit, especially after reducing production according to the last OPEC meeting, which committed In which all the member states, including Iraq, recently, despite the financial and economic situation that he is going through."

    During the meeting, the deputy speaker of the Iraqi parliament called for "the possibility of the Russian government helping Iraq by providing loans to finance the implementation of strategic projects and infrastructure in Baghdad and the governorates" electricity / housing / water / sanitation networks "and showing the necessary support for Iraq to overcome the current economic and financial crisis." And he called for "the necessity of working on the return of Iraqi students to Russia because of the urgent need for them to communicate with their universities, especially since many of them do not obtain sufficient information via the Internet due to the poor service mentioned in the country."

    In turn, the Russian ambassador expressed the support of his country's government to facilitate the issue of increasing Iraqi oil exports and revitalizing relations at various levels, in addition to activating reciprocal meetings in a way that serves the interest of the two friendly peoples, "expressing support for Russian companies to implement important strategic projects in all parts of Iraq."

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  9. 14 minutes ago, DinarThug said:

    After a meeting in London that included the Minister of Finance .. Statement of the Economic Contact Group for Iraq 

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    330 Policy 2020/10/22 19:05


    Baghdad Today - Baghdad 

     

    The British Embassy in Baghdad, Thursday, October 22, 2020, published a statement that resulted from the meeting of the Iraqi government and international partners in London today. 

    "The Iraqi government and international partners met today to launch the Economic Contact Group for Iraq, which is an international coalition to support the government of Iraq in pushing for the implementation of critical economic reforms," the embassy said in a statement. 

    The embassy published the text of a statement issued by the Economic Contact Group for Iraq, as shown below.

     

    31221.jpg?watermark=4

    link

     

    LINK

    Baghdad and London agree on more cooperation in three areas

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    22nd October, 2020


    The Prime Minister, Mustafa Al-Kazemi, met today, Thursday, in the British capital, London, with British Prime Minister Boris Johnson, as part of his European tour that also included France and Germany.

    A statement issued by Al-Kazemi's media office stated that the meeting discussed issues of common interest, reviewing the overall developments and political and security positions in Iraq and the region, and developing bilateral relations between the two countries in a way that serves local and regional peace and stability.

    The statement stated that during the meeting, it was agreed on more cooperation between Baghdad and London, in the field of combating terrorism, and also in the political and economic sphere, in light of the economic challenges that Iraq faces due to the decline in global oil prices and the repercussions of the Corona pandemic, and moving forward for strategic cooperation between Iraq And the United Kingdom, includes multiple hubs.

    Last Sunday, Iraqi Prime Minister Mustafa Al-Kazemi left the capital, Baghdad, heading to the French capital, Paris, on his European tour that included Britain and Germany. Al-Kazemi is accompanied, on his European tour, by a high-ranking government delegation that includes a number of ministers and heads of independent bodies. 

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  10. Just now, DinarThug said:

    Representative economics: The partnership law with the private sector will reduce the demand for government jobs

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    Iraq is on a date with a law that "reduces" the importance of appointments and the demand for them


    2020-10-22
     
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    Yes Iraq: Baghdad

     

    The Parliamentary Economic and Investment Committee announced, today, Thursday, that Parliament is about to vote on the law on partnership between the private and public sector, stressing that the law can provide job opportunities and reduce the trend towards jobs.

    Committee member Yahya Al-Ithawi said, "Parliament is going to vote on the partnership between the private and public sector law, as it is one of the most important laws."

    He added that "investment in Iraq, and law enforcement, can provide job opportunities, employ the workforce, and reduce the trend towards government jobs."

    He pointed out that “the amended investment law in Parliament includes several criteria, including its submission to international courts. The investor can file a lawsuit against the party extracted from him in the event his rights are taken from him, as well as his ability to own land inside Iraq, and take out hard currency when he has revenues. In addition to the possibility of bringing in experts and stakeholders from abroad and employment. ”

     

    He explained that "Iraq has many investment opportunities that can be benefited from,
     such as extracting oil and other minerals, in addition to gas, where there are discovered fields that have not been utilized so far."

    LINK 

    • Upvote 2
  11. LINK

    Representative economics: The partnership law with the private sector will reduce the demand for government jobs

    23738.jpg

     

    22nd October, 2020


    The Parliamentary Economic and Investment Committee announced, today, Thursday, that Parliament is about to vote on the law on partnership between the private and public sector, stressing that the law can provide job opportunities and reduce the trend towards jobs.

    Committee member Yahya Al-Ithawi said, "Parliament is going to vote on the partnership between the private and public sector law, as it is one of the most important laws." He added that "investment in Iraq, and law enforcement, can provide job opportunities, employ the workforce, and reduce the trend towards government jobs."

    He pointed out that “the amended investment law in Parliament includes several criteria, including its submission to international courts, so the investor can file a lawsuit against the party extracted from him in the event his rights are taken from him, as well as his ability to own land inside Iraq, and he takes out hard currency when he has revenues. In addition to the possibility of bringing in experts and stakeholders from abroad and employment.”

     

    He explained that "Iraq has many investment opportunities that can be benefited from, such as extracting oil and other minerals, in addition to gas, where there are discovered fields that have not been utilized so far."

    • Upvote 2
  12. 1 minute ago, DinarThug said:

    Al-Tamimi explains the legal way to return the smuggled
    money

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    19:39 - 10/21/2020

     

    Iraq has 600 billion dollars and is not asking about it ... a great possibility to obtain it "for free" and without effort


    2020-10-22
     
    %D8%BA%D8%B3%D9%8A%D9%84-%D8%A7%D9%85%D9
     

    Yes Iraq: Baghdad

     

    Statements are escalating demanding the return of the smuggled Iraqi money and indicating the government's ambiguous laxity in dealing with this file, especially with the presence of many international indications to help Iraq recover its smuggled money.

    A member of the Parliamentary Integrity Committee, Alia Nassif said, "The federal government has not taken any real action to return the smuggled and frozen money outside Iraq."

    Nassif said, "The United Nations supported Iraq by retrieving its smuggled money without any restrictions or conditions, and this UN support has not been used so far," noting that "the government has not moved and has no intention of returning the smuggled and frozen money outside Iraq."

    She added, "These funds can be returned quickly by making use of international support, as it will solve a major crisis and also serve the government by reducing foreign debts," noting that "returning these funds requires pressure from the executive authority on all institutions to return their money quickly."

    For his part, the legal expert, Ali Al-Tamimi, revealed the possibility of Iraq recovering up to 600 billion dollars of its smuggled and frozen funds abroad.

    Al-Tamimi said that “the money smuggled abroad, which is estimated at 500 billion US dollars, can be recovered through the 2005 money laundering agreement signed by Iraq with the help of the countries of France, England and Germany, as well as in cooperation with the American side in accordance with Article 28 of the Iraqi-American Agreement for the year 2008, and also according to Article 50 Of the United Nations Charter, which affirms the right of states fighting organizations placed under Chapter VII of the United Nations Charter to request the United Nations help, and Iraq was fighting ISIS, subject to Chapter VII under Resolution 2170 of 2017, indicating that “Britain has shown willingness to help.”

    He added that "these countries contain in their countries a lot of smuggled money and can also help us in retrieving these funds," noting that "an amount of $ 65 billion in the American Federal Bank is frozen for the former regime, which Iraq can claim according to the above agreement for the year 2008."

    LINK

    • Upvote 2
  13. LINK

    Al-Tamimi explains the legal way to return the smuggled
    money

     

    %D8%B9%D9%84%D9%8A-%D8%A7%D9%84%D8%AA%D9

    19:39 - 10/21/2020

     

    Legal expert Ali Al-Tamimi clarified, on Wednesday, the legal way to return the smuggled and frozen funds outside Iraq.

    Al-Tamimi said in a statement to "the information", that "the money smuggled abroad, which is estimated at 500 billion dollars, can be recovered through the 2005 money laundering agreement signed by Iraq with the help of a number of countries," noting that "Iraq can benefit from Article 50 of The United Nations Charter to collect the funds, which affirms the right of countries fighting organizations placed under Chapter VII to request the assistance of the United Nations, as Iraq was fighting ISIS, which is under Chapter VII under Resolution 2170 of 2017.


    He added, "Britain has shown its willingness to assist Iraq in returning and recovering these funds," indicating that "there is an amount of 65 billion dollars in the American Federal Bank, frozen for the former regime, which Iraq can claim according to the 2008 Iraqi-American agreement."

    The Parliamentary Integrity Committee confirmed, today, Wednesday, that the federal government has not taken any real action to return the smuggled and frozen money outside Iraq.

    • Like 1
    • Upvote 2
  14. After a meeting in London that included the Minister of Finance .. Statement of the Economic Contact Group for Iraq 

     

    137653.jpg?watermark=4
     

    330 Policy 2020/10/22 19:05


    Baghdad Today - Baghdad 

     

    The British Embassy in Baghdad, Thursday, October 22, 2020, published a statement that resulted from the meeting of the Iraqi government and international partners in London today. 

    "The Iraqi government and international partners met today to launch the Economic Contact Group for Iraq, which is an international coalition to support the government of Iraq in pushing for the implementation of critical economic reforms," the embassy said in a statement. 

    The embassy published the text of a statement issued by the Economic Contact Group for Iraq, as shown below.

     

    31221.jpg?watermark=4

    link

    • Upvote 1
  15. LINK

    A close associate of Al-Amiri detonates it: Iraq will witness the formation of its second region very soon

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    22nd October, 2020


    The Al-Fateh Alliance, led by Hadi Al-Amiri, revealed on Thursday the existence of a movement, which he described as effective and strong, that might lead to the announcement of the formation of the Sunni region, and pointed out that this region will be supported by the United States.

    This talk is in harmony with information revealed by political and parliamentary sources to Shafaq News, about persistent local and regional efforts to form a Sunni region in Iraq, which strengthens the US military presence and keeps the popular crowd formations away from the Sunni provinces and curbing missile attacks targeting US bases in the country.

    The leader of the coalition, Ghazanfar al-Battikh, told Shafaq News, "The formation of the Sunni region is not just media talk, but there is work on the ground by political parties and tribal figures with the support of the United States of America." And that "the United States of America, when it set up a large military base for it in Anbar (Ain al-Assad), based on economic foundations, it knows what is in that province in terms of gas sources, minerals and other economic power." "Now the ground is ready to announce the Sunni region, more than at any other time," he added. "There is support for this project by tribal, political and popular personalities, and for this the announcement of the formation of the Sunni region will be very soon."

    And the Kurdistan Region is the only entity independent of the center’s management in Baghdad, and after 2003, attempts were made to form the Basra region and a region for Sunni Arabs in the country, but they failed.

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  16. LINK

    Defense Minister from London: Iraq is a strong and secure country, unlike what the media portrays

    http://almasalah.com/MediaStorage/GalleryImages/148903.jpg?width=750&&height=375

     

    22nd October, 2020


    The Minister of Defense, Jumah Inad, confirmed, Thursday, October 22, 2020, that Iraq is a strong country despite the problems it is going through, while it was shown that it is possible to move around in Iraq safely, unlike what the media portrays.

    A ministry statement received by Al-Masala stated that during his accompaniment to the Prime Minister and Commander-in-Chief of the Armed Forces, Minister of Defense Jumah Inad, accompanied by the Minister of Foreign Affairs, held an expanded video conference at the Russian Institute RUSI, the Royal Institute for United Studies for Strategic, International and Security Studies in London with many researchers from different parts of the country. The United Kingdom and the World.

    The statement added that the Minister of Defense presented a brief explanation of the security situation in Iraq and the Middle East region, indicating that despite the problems that Iraq is going through, it is a strong country with great capabilities and qualifications, and anyone can now go to Iraq and travel day and night in all its parts with great safety, unlike Some media channels portray it to the world.

    The statement quoted Inad as his assertion that the Iraqi government is continuing to implement its tasks until the elections next year.

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  17. LINK

    Kurdistan government clarifies the region’s contribution to implementing Iraq’s commitment to the OPEC agreement

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    22nd October, 2020


    The Kurdistan Regional Government said on Thursday that it has committed to reducing its crude oil production in light of the decisions of OPEC Plus (+ OPEC) meetings at "fair" rates consistent with the quantities of oil produced from its fields.

    This position comes in response to the statements of Federal Oil Minister Ihsan Abdul-Jabbar, in which he said that "the Kurdistan Region still does not contribute to OPEC + cuts," according to "Reuters".

    The regional government spokesman, Jotiar Adel, said in a statement received by Shafaq News that the region's production of crude oil does not exceed 10% of the total production of Iraq .

    He explained that "there is no objection to the regional government to continue with the reduction procedures in accordance with the fair percentage that are agreed upon, provided that the federal government is committed to securing the region’s dues to cover its financial expenses in exchange for the oil revenues that it loses as a result of the production reduction. Otherwise, the region cannot manage its affairs and cover its basic expenses." Led by the salaries of his employees.

    Adel added, "The amount allocated to part of employees' compensation has also been reduced by the Federal Ministry of Finance from 453 billion dinars to 320 billion dinars per month, in addition to the significant decline in non-oil revenues due to the consequences of the (Covid-19) pandemic, and the federal government has also not acted. So far, the part devoted to compensation for the region’s employees for months 5, 6 and 7 for the year 2020, stressing that “this requires the federal government to take into account the dire financial crisis that the region has faced since February 2014 after deducting its prescribed share from the federal budget.”

    The regional government spokesman continued that "an agreement was reached in this regard in Baghdad, on 4/18/2020, between the federal government delegation headed by the Deputy Prime Minister for Energy and Oil Minister, and the regional government delegation headed by the Minister of Finance and Economy, and this agreement was announced in a joint press conference," In it, the two sides emphasized the necessity of observing fairness in determining the percentage of the reduction in the region’s crude oil production, so that it would be based on the quantity of what the region produces relative to the total production of Iraq, and that this reduction should not cause additional significant financial damages to the region.

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    LINK

    Regional government: We are ready to reduce oil production, provided Baghdad is committed to securing financial dues
     

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    22nd October, 2020

    • Upvote 2
  18. On 10/21/2020 at 10:44 AM, DinarThug said:

    State of law clarifies the fact that Maliki intends to withdraw from the upcoming elections

    image.jpeg.01adf057852373fe2566ae5b4913c67a.jpeg

     

    21 hours ago, Jaygo said:

    Really??? Oh that’s too bad!! He would have won fo sho!!! 😂 


    Nouri Al-Biden Would With Our ‘Media’ ! :o 
     

    image.jpeg.01adf057852373fe2566ae5b4913c67a.jpeg

    C’mon Camel Man ...  :bananacamel:
    :D  :D  :D 
     

    • Haha 3
    • Upvote 1
  19. The White Paper for Economic Reforms: vision and key objectives

     

    22 Oct 2020 - 2:50 pm

     

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    The Iraqi government has formally adopted the White Paper for Economic Reforms prepared by the Crisis Cell for Financial and Fiscal Reform.

     

    The White Paper seeks to put Iraq’s economy on a path that allows the state to take appropriate steps in the future to develop it into a diversified, dynamic economy. Dr. Ali Allawi, Deputy Prime Minister and Minister of Finance

     

    The White Paper is a comprehensive programme that sets out a clear roadmap to reform the Iraqi economy and address the accumulated, decades-old serious challenges that confront it.

    Iraq’s Deputy Prime Minister and Minister of Finance, Dr. Ali Allawi said that the White Paper seeks to put Iraq’s economy on a path that allows the state to take appropriate steps in the future to develop it into a diversified, dynamic economy that creates opportunities for citizens to live a decent life.

    And although the current severe fiscal crisis that Iraq is going through is related to the recent sharp decline in oil prices and to the repercussions of the Coronavirus pandemic, the White Paper makes it clear that the causes of Iraq’s economic and financial woes date back several decades.

    The White Paper identifies the expansion of the role of the state as a key cause of the crisis.

    The roots of the crisis

    The White Paper provides a detailed outline of the factors that have distorted the Iraqi economy, undermined its capacity to provide a decent life for large number of Iraqis, and its failure to keep pace with the economic developments that the world has witnessed.

    The expansion of the role of the state

    The White Paper identifies the expansion of the role of the state and emergence of a command economy in Iraq as a key cause of the crisis.

    From the nationalisation of vital economic sectors in 1970s, to the commandeering of all economic levers by the state to support the war effort in the 1980s, through the period of  sanctions imposed on Iraq in the 1990s, these shocks, as well as the absence of strategic planning, mismanagement, maladministration, patronage and misguided political ideology, all led to an expansion of the role of the state in all aspects of economic life in Iraq.

    The Iraqi economy continued to be directed by the state after the events of 2003 because of the failure of the new political system to create a free and diversified modern economy as outlined in Iraq’s Constitution, and instead continued to rely on the state as the almost only driver of economic activity in the country.

    The expansion of the role of the state, and the associated increase in the number of those employed in the public sector and the cost to Iraqi exchequer of their salaries and pensions, came at the expense of the government’s ability to invest in basic infrastructure in Iraq.

    To illustrate the point, the White Paper points out that from 2004 to 2020, state expenditure on the salaries of civil servants and on public sector pensions increased by 400% in real terms, as the total number of public sector workers during the same period increased by threefold.

    The cost of salaries and pensions of public sector workers is expected to be around 122% of Iraq’s oil revenue in 2020. The White Paper for Economic Reforms

    And between 2006 and 2018, average public sector salaries increased by 134%, more than the increase in labour productivity, which rose by only 12%, or the cost of living, which rose by 28% during the same period.

    Over the past 17 years, government spending on the salaries of state employees, and on public sector pensions became the fastest growing expenditure item in Iraq’s successive federal budgets during this period.

    There are currently around 4,500,000 public sector employees and 2,500,000 pensioners.

    Decline of the private sector

    The expansion of the state’s role, in addition to the complex administrative system and the state’s weakness in imposing the rule of law, the militarisation of society, and the influence of non-governmental actors in public institutions, led to the decline of the Iraqi private sector.

    With the exception of a number of small and medium-sized companies operating in the oil and telecommunications sectors, and very small companies operating in the fields of trade, retail, transport, construction, hospitality and textiles, there is almost a complete absence of private sector companies in manufacturing.

    In addition, most of the larger private sector companies depend on providing services to the state and on government contracts.

    The White Paper also identified other factors that led to the deteriorating economic situation in Iraq is, most notably:

      • The collapse of oil revenues
      • The impact of Covid-19
      • Mismanagement and lack of planning
      • The weakness of financial institutions
      • The absence of modern coherent systems for managing state revenues
      • An ineffective and outdated banking sector
      • Complex and antiquated government procedures
      • Destruction of infrastructure and the costs of the war against Daesh terrorists
    Two strategic goals 

    The White Paper identifies two overarching strategic objectives. The first is to initiate an immediate reform programme to address the budget deficit to create a fiscal space to give time for the process of implementing the other wider reforms over the medium term.

    The second objective is to put the economy and the federal budget on a sustainable path, after which Iraqis can decide and choose the economic direction of the country.

    The White Paper anticipates that the short and medium-term objectives and associated reforms will require between 3 to 5 years to implement.

    The reform pillars

    The White Paper identified five key pillars for the reform programmes:

    1- Achieving sustainable financial stability

    Key reforms include:

      • Reducing the deficit from 20% to 3% of GDP and expenditure on salaries from 25% to 12.5% of the federal budget
      • Collecting electricity tariffs from all users based on the real price of fuel on global markets
      • Recovering and returning Iraq’s smuggled and stolen money
      • Increasing revenues from customs and taxes
      • Reforming Iraq’s Pensions Fund and move to gradually end federal budget support
      • Reforming financial management systems
      • Reviewing the current exchange rate of the dollar against the dinar
    2- Implementing strategic reforms and creating sustainable job opportunities

    Key reforms include:

      • Modernising and rehabilitating the financial sector
      • Modernising and rehabilitating the banking system, supporting the development of private banks, reforming government banks and introducing and activating the Core Banking System in Al-Rafidain and Rasheed Banks
      • Expediting the development of e-banking services
      • Establishing new trading markets, such as a commodity market and a currency exchange market (Forex)
      • Supporting the sectors that drive the economy, such as agriculture, oil and gas
      • Introducing a private sector support fund, simplifying procedures, and providing other non-financial aid
      • Creating job opportunities in the private sector and supporting small and medium enterprises
      • Adopting a national strategy for education and training that links educational outcomes with the future need for the labour market
    3- improving basic infrastructure

    Building Iraq’s digital infrastructure is a key aim of the White Paper.

    Key reforms include:

      • Increasing the effectiveness and improving the performance of all parts of Iraq’s electricity sector
      • Developing Iraq’s digital infrastructure, including the introduction of advanced technology (4G) at the beginning of next year, and preparing for the introduction of (5G) technology
      • Modernising the legal and regulatory framework of the transport sector, and encourage private investment in transport
      • Developing industrial cities and free zones in Iraq
    4- Providing basic services and protecting vulnerable groups during and after the reform process

    The reforms aim at establishing a unified and financially sustainable pension system for all Iraqis whether they are working in the public, private, cooperative or mixed sector. The White Paper for Economic Reforms

    Key reforms include:

      • Improving water supply for both drinking and irrigation and complete sanitation projects and networks
      • Building 1,000 new schools during the period of the reform programme
      • Reforming the social security system
      • Establishing a unified and financially sustainable pension system for all Iraqis whether they are working in the public, private, cooperative or mixed sector
      • Completing and implementing the draft health insurance law to ensure that all Iraqis have access to essential health services
    5- Improving governance and introducing changes to the legal framework to enable institutions and individuals to implement reforms
      • Reviewing and amending the official guidance in relation to government contracts
      • Introducing e-governance systems to strengthen oversight of government contracting and the collection of taxes and customs
    •  
      • Working with specialist investigative international organisations to return the large sums of money smuggled out of Iraq
      • Introducing an electronic governance system in the field of government contracting and tax and customs collection
      • Completing the project establishing the National Information Centre to facilitate the introduction of government e-services to citizens, and automate the procedures for obtaining key documents  such nationality and passports and accessing pensions and social security
      • Introducing electronic signature and transactions throughout the public administration system and phasing out paper transactions 
    •  

    A detailed implementation plan of White Paper will be published later to outline the required process, identify key stakeholders and establish timelines and monitoring mechanisms.

    https://gds.gov.iq/iraqs-white-paper-for-economic-reforms-vision-and-key-objectives/  

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  20. Comments By MilitiaMan Following The Article ...

     

    :D  :D  :D 

     

     

    A member of Parliament Finance sets an expected date for the October salary distribution


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    6,283 Economie 2020/10/21 18:47 


    Baghdad Today - Follow-up 

     

    Member of the Parliamentary Finance Committee, Jamal Cougar, expected the date for the distribution of salaries for the current month of October, while indicating that Parliament will not stand as a stumbling block in front of the government's request to borrow to secure salaries. 

    Cougar said in a televised interview (Baghdad Today) that "Parliament has received the Financial Deficit Financing Act for the year 2020, consisting of 3 main paragraphs between resources, deficit and request for loans." 

    He added, "According to the current data, the salaries of October will be distributed after the borrowing law is enacted and Parliament will amend it, because what has been requested from the government needs to be reduced."

    He pointed out that "Parliament will not accept a borrowing ceiling of up to 41 trillion dinars, which was requested from the government to finance the salaries of 4 months, and it says it needs 7 trillion a month to finance salaries and expenditures, meaning that it is supposed to ask for less than 30 trillion." 

    He pointed out that "Parliament is not against borrowing, the United States and the Gulf countries borrow to finance the deficit, and this is applicable everywhere, but we refuse to go to borrow without reform because this will lead to an economic collapse."

    He stressed, "Supporting government assistance to keep things going and not affect employees, but not at the expense of the central bank’s reserves and government bank money."

    And he warned that "any defect in employee salaries affects the market movement, in Iraq 6.5 million people take salaries between employees and retirees and those entitled to care salaries, and those who depend on them for their livelihood 8 million people working in the private sector." 

    He emphasized that the government should proceed with its reforms, noting that the Minister of Finance said that the White Paper will be implemented as of January 1, 2021.

    Earlier, a member of the Parliamentary Finance Committee, Sherwan Mirza, explained the position on the salaries of the remaining three months of the year 2020.  

    Mirza said in an interview with (Baghdad Today), that "securing salaries for the next three months will be less critical to the government compared to what There was a delay in salaries during the month of September. " 

    He added, "The government will secure the salaries of employees for the remaining three months of this year, especially since the Ministry of Finance has taken some measures that will maximize the state’s imports and alleviate the economic crisis that the country is going through."

    The Minister of Finance, Ali Abdul-Amir Allawi, had previously spoken in numbers about the economic situation in Iraq, and the size of the accumulation in salary expenditures and their double increase at a time when the state's revenues from oil decreased, while he presented a number of solutions to avoid an economic crisis greater than it is. On her now according to not seen. 

    The minister, Ali Allawi, said in a televised interview, followed by (Baghdad Today), that "the employee's productivity is very low and reaches 0% in some departments," indicating that "there must be a return to the state from the services provided by the employee and this does not exist. Non-productive employees should be transferred to productive projects to invest their efforts, and we will present a project to transfer them from another place. "

    He continued, "The Ministry of Finance paid the salaries of September after reviewing the financial engineering, and we are now at a crossroads. There must be financing to bridge the salary deficit and there are 3 solutions. The first is to increase imports and this is linked to the value of oil exports and it is not encouraging because it does not exceed the 15 billion dollars until the end General ". 

    He added, "In return, we need funding of at least 58 trillion dinars to cover the ruling expenses. The second solution is to reduce expenditures and the third is to find a way to finance the deficit." 

    With regard to customs funds, the minister replied by saying that "the issue is related to imports, and it has said very much because of the Corona crisis," noting that "there is a large part of Iraq's internal imports that are exempt from fees and what is entered through investment is also exempt, and this means that no resources are achieved for these two reasons." 

    He continued, "The percentage of resources that enter through customs does not exceed 15% of the value of what is imposed due to the above reasons," saying, "What we expect does not exceed 4 billion dollars annually, and therefore customs will not be a major source of state funding." 

    "As for taxes he said, ", their base is very narrow, and those who pay most are the employees," he said noting that "70% of the private sector is unorganized and cannot be collected because most projects are small and there is no culture of paying taxes." 

    Regarding what is being raised about the existence of an expected change in the exchange rate, the minister stressed that 

    "changing the exchange rate of the dinar against the dollar must be done in agreement with the Central Bank and the International Monetary Fund. 

    Presenting numbers is currently a sensitive issue. 

    Reducing the value of the dinar will have positives and negatives and will help us financially in the first period."
    But we must contain its repercussions, especially inflation. "

    He warned that "reducing the value of the dinar will create real competition and activate the industrial and agricultural sectors in Iraq," adding that "in 2014 and 2015 there was a decrease in oil prices, but the revenues that Iraq used to get covered expenses on salaries."

    He pointed out that "the year 2020 witnessed an unexplained increase in the value of what is paid for salaries if it doubled to the level of half from the previous year, and rose from 40 billion dollars annually to 65 billion."

    LINK

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    He emphasized that the government should proceed with its reforms, 

    noting that the Minister of Finance said that the White Paper will be implemented as of January 1, 2021.

    The part that seems to get lost, is the bold underlined above. 

    Reforms are apart of the White Papers.

    What the White papers are yet to have exposed to the masses, 

    is first and prior to any implementation of the Whiate papers,

    is a rate at which the reforms will be allocated in and to!

    Yep, prior to the end of year salaries that are yet to be determined

    Or have yet to be paid

    is a rate for the last final 4 months of the year.. 

    000054medium_gif000296medium_gif000358medium_gif4316_gif 

    lol imo - MM

     - MilitiaMan

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  21. Representative Economy: The country needs a quick reform card

     

    Thursday 22nd October 2020
     

    alsabaah-50835.jpg

    Baghdad: Morning 


    The Parliamentary Economic and Investment Committee affirmed the country's need for a quick-implementation reform paper to face the current crisis, stressing the need to develop a clear economic policy to advance the national economy.

    Member of the committee, Representative Riad Al-Tamimi, said, “Iraq lacks a clear economic policy from 2003 until now. What led to its dependence on oil revenues and the failure to activate the industrial, agricultural and investment sectors.

    He added, "The current government is required to develop a clear economic policy that can advance the national economy, pointing out that there are mistakes and efforts to implement laws on the ground."

    He pointed out that “Article 9 of the Investment Law stipulates that a cash allowance should be within the basic design of the lands. But the National Authority calls it a discretionary substitute, confirming that his committee was able through the State Council to interpret this article and be a monetary instead of a discretionary.

    He continued, that the current government does not bear the suffering of the Iraqi economy, but the previous governments did not have a clear policy for the economy.

    LINK

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  22. LINK

    Representative Energy: Al-Kazemi's tour to Europe is beneficial for developing the energy sector

    image.jpeg.bf52ca3e80eb092b930dc9fff40a39f5.jpeg

     

    21st October, 2020


    The Parliamentary Oil and Energy Committee confirmed, on Tuesday, that Prime Minister Mustafa Al-Kazemi's tour to Europe will benefit from bringing in sober companies to produce gas and electricity.

    Committee member Ghaleb Muhammad said, "Al-Kazemi's visit can be used economically by bringing sober and huge companies in European countries, which work in the field of electricity generation and gas and oil extraction - to Iraq," pointing out that "Iraq needs these companies in the field of power generation." And giving the sums to them in comfortable installments."

    He added, "If Al-Kazemi achieves an agreement with sober companies for the production of gas, electricity and even the oil industry, this visit will be economically important," noting that "this visit we hope will be economic because the country is going through a bad economic situation."

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  23. LINK

    Parliamentary economist accuses Baghdad and Erbil of “fabricating” the financial crisis in Iraq

     
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    15:23 - 10/21/2020
     
     

    On Wednesday, a member of the Parliamentary Economic Committee, Representative Intisar Al-Mousawi, accused Baghdad and Erbil of fabricating the financial crisis in Iraq.

    Al-Mousawi said to / the information /, that "the financial crisis in Iraq is contrived and came as a result of the cooperation of the central government with the Kurdistan region in disbursing large sums of money for the latter," pointing out that "these sums created the current financial crisis."

    She added, "The government does not listen to advice," stressing that "the financial crisis has caused the suspension of more than 6 thousand service projects so far, according to the recent assurances of the Ministry of Planning."

    "The best solution to the crisis in the country is investment, if it is truly applied, it will generate large sums of money and reduce our dependence on oil," Moussawi said. 

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