Positive signs of Ebadi's economic initiative

[mylilpony]

This is exactly what the imf wants.

[Gypsygirl11]

1 hour ago, NoviceInvestor said:

Soon ...

Do I sense a little sarcasm?  That's a bad word in my book.

 

So what....now we wait for 2018???

Edited August 22, 2017 by Gypsygirl11

[10 YEARS LATER]

21 minutes ago, Gypsygirl11 said:

Do I sense a little sarcasm?  That's a bad word in my book.

 

So what....now we wait for 2018???

 

Sadly, they could drag this thru the weeds for quite a while . . . endless teasing articles about what they're gonna do and on & on we go. Hopefully there is pressure to get it done this year, but I won't hold my breath. 

 

Praying for a 2017 RV   

[Soldier13]

Do not get discouraged. Change takes time. Most of you have never stepped foot in Iraq but want to seek the profits. For those of us who have been there and fought the good fight we know that progress is not measured in feet...but in miles. 

[Gypsygirl11]

8 minutes ago, 10 YEARS LATER said:

endless teasing articles about what they're gonna do and on & on we go. Hopefully there is pressure to get it done this year, but I won't hold my breath. 

I hear ya....they do like to talk, and don't forget they will need a committee first. Sorry, just a little jaded. God willing I hope it happens this year!

 

 

Edited August 22, 2017 by Gypsygirl11

[Gypsygirl11]

2 minutes ago, Soldier13 said:

progress is not measured in feet...but in miles. 

Thanks for serving. I believe us and Iraq are ready for change and progress!

[NoviceInvestor]

32 minutes ago, Gypsygirl11 said:

Do I sense a little sarcasm?  That's a bad word in my book.

 

So what....now we wait for 2018???

2018 and beyond ....

[fnbplanet]

You can BET the Euro union likes this - imagine:  refugees moving back to the middle east to become Iraqis, and get free money!

[jg1]

HCL would be great but how can they when they were over 300 billion dollars short for the upcoming budget, unless. Uhhhh, RV. Wonder if they have thought of that option yet. Is someone keeping track of the money borrowed so far.

Edited August 22, 2017 by jg1

[jcfrag]

Good point! They are going to have to keep borrowing since they don't have much. And, these people aren't very gracious with their thank you's when a country extends them a loan.... they just expect more from someone else! They are like beggars on a street corner.

Edited August 22, 2017 by jcfrag

[10 YEARS LATER]

2 hours ago, Gypsygirl11 said:

I hear ya....they do like to talk, and don't forget they will need a committee first. Sorry, just a little jaded. God willing I hope it happens this year!

 

 

 

I get a bit jaded now & again . . . it usually shows up in my sarcasm. One of the many tools I use to deal with      

 

" God willing I hope it happens this year !"  Me too. Have a pleasant evening GG.

[yusofsabri]

5 hours ago, Gypsygirl11 said:

HCL  BABY!  Good find Thug Master!

Exactly. I was thinking the same

[DinarThug]

13 hours ago, DinarThug said:

CNN. Broadcasting What Sounds Like HCL Language In The Highlights !

 

 

Financial Reform of Iraq for the years 2018-2020

Dr. Mohamed Saleh published on the network of Iraqi economists a paper entitled "Financial Strengthening of Iraq: Vision for the years 2018-2020". As usual, our Galilee professor puts before us his academic weight and practical experience as the most important economic adviser to the government. (I)

Do not argue with Dr. about the description of the bug in the economy "rentier".

"The burden of the war on terror and the burden of reconstruction requires an aggressive fiscal program to rebalance the economy and the fiscal balance" of the treasury.

However, Dr. Saleh's proposals in the "Adaptation and Financial Consolidation Approach 2018-2020" need to be reconsidered because most economists in the rentier countries fall in the wrong call to balance by increasing the share of non-oil resources in national income

. In Iraq, for example, all the attempts made since 1961 to date have only deepened the rentier dependence in an inevitable spiral out of them because of the nature of the rentier states.

Salvation is to Ekman in re - raking all the treatise on the subject, has not left the door only ways economists, and the whole is lost in a mirage illusion in front of the dynamics of the rentier state , which makes it imperative to deepen the rentier dependence which private him not to demolish the foundation upon which the rentier economy of the four components of :

1 - the main income of the economy Of oil exports.
2. The value added and local labor do not constitute a small percentage of the total value of oil exports.
3 - Oil revenues come from abroad.
4. The rent income goes to the government. So what is the solution?

The solution is to overthrow the state rent equation and turn it into a state that is charged with giving oil income to the citizens with a universal basic income, and financing the state budget through a tax imposed on citizens. In terms of the medium, Article "111" of the Constitution states that oil and gas belongs to the Iraqi people, and this is an appropriate entry to overthrow the equation of the rentee state.

In practice, it is possible to start the 2018 budget by the following steps:

First: Collect the following paragraphs and convert them into a comprehensive and equal cash balance to all resident citizens on the basis of the record of the families of the ration card:

1 - Sale of crude oil to domestic consumption at the external market price, - $ 8 per barrel.

2 - Suspension of allocations ration card and social guarantees and converted to the share of comprehensive basic income.

3 - Remove electricity allocations from the budget starting in 2018 and pay the electricity sector for self-financing "with the provision of gas at cost."

Second: Freezing oil allocations for subsequent budgets "2019 and beyond:. At the price and quantity of 2018 and the conversion of each increase in price and production to the reserve fund "Sadiq Fund" and the development of comprehensive primary income "UBI". And linking it in the future with oil revenues outside the budget.

 

Sources 1 "Dr. Mazhar Mohammed Saleh http://www.iraqieconomists.net/8/2017 " 2 "Adnan al-Janabi Salvation from the state rent - Iraqi studies 2016.

 

http://www.alsabaah.iq/Article.....?ID=143109

 

 

12 hours ago, Gypsygirl11 said:

HCL  BABY!  Good find Thug Master!

 

An HCL 'Baby' ?  

 

 

Tell Them To Put 9 Women On The Job And Deliver It In A Month ! 

     

 

[Gypsygirl11]

On 8/22/2017 at 8:10 AM, DinarThug said:

 

 

An HCL 'Baby' ?  

 

 

Tell Them To Put 9 Women On The Job And Deliver It In A Month ! 

     

 

That's what I'm talking about....get er done!

[ChuckFinley]

Quote

I am liking where this is going.   

 

[yota691]

Methodology of financial reform

31/8/2017 12:00 am  Thamer Hymes   is optimistic about the serious and sincere proposals to develop our economy that two well-known Iraqi women have gained experience, sincerity and academic weight. They are developing successful practical visions to cope with the unusual circumstances and published by Al-Sabah.  Dr. The appearance of Mohammed Saleh proposals can be implemented through his vision of the potential and the circumstances surrounding; it puts its touches on the financial reform of the years (2018 2020) in the light of financial conditions and ways to address and the strengthening of non-oil resources.  Professor Adnan al-Janabi, one of the engineers and founders of the National Oil Company and the veteran parliamentarian, turned the equation to distribute the oil resources to the people under Article 111 of the Constitution by adopting a tax system for the state to carry out its duties. In the light of Saleh's argument, tax resources are equivalent to 2 percent of GDP and non-oil imports account for 5 percent of total imports.  As for al-Janabi's view, this is closer to radicalism than to reality. Appearance; but this vision remains the most effective treatment for the eradication of ills, requiring unconventional methods of work.  There is no doubt that the two approaches are complementary if soft power is achieved by enacting the laws that represent the infrastructure for starting towards maximizing non-oil resources, whether through direct or indirect tax resources or reducing   spending. We hope that the discussion through the press articles and columns will be a key input for change, but through this platform we call for holding specialized conferences with ready-made integrated work papers eligible to be draft laws to interpret and activate Article 111 of the Constitution, preceded by draft laws prepared by those who agree in principle, With a strategic mind to achieve the goal under a known time frame.  It is necessary to review systematically all the old and modern laws that impede the implementation of what the authors put forward through a special committee that submits it as drafts of alternative laws to the Council of Ministers in line with the text of Constitutional Article 111 as a basis; so that the projects do not go into the wind and so that the loans that do not comply with the basic international standards .  There is a possibility to activate the paper d. The appearance of Mohammed Saleh or the vision of Mr. Al-Janabi, but they must be immediately followed to establish the appropriate economic climate as the ground for a project that puts an end to corruption.

[yota691]

A deputy demanding legal prosecution in ministries "extort" investors and threatens to take a position

 

Wednesday, September 6th

 

 

 

 

 

 

Alsumaria News / Baghdad , called the Committee on Economy and Investment Parliamentary member Abdul Salam al - Maliki, Wednesday, Prime Minister Haider al - Abadi to pursue legal officers in some ministries are working to "blackmail" the investing companies, while threatening the position of more power in the event of the failure to take Ajerouat deterrent against these.  Maliki said in an interview for Alsumaria News, "Some of the legal in some ministries Istzon investment companies that have large projects in the country and its work."     Maliki called on the Prime Minister to "intervene to reduce this phenomenon because these companies bring money to Iraq," stressing that "dealing with this way with companies will make Iraq an environment of repelling investment, which harms his economy."  Maliki said that "what we have repeatedly stressed to facilitate the entry of investment companies to Iraq and provide a suitable atmosphere for its work, but unfortunately what is the opposite," pointing out that "Hnamk employees looking for narrow self-interest."  "If the government does not take any clear and declared action against these corrupt people, we will have a stronger position," Maliki said.  On June 11, 2015, Prime Minister Haider al-Abadi announced the launch of a project to simplify administrative procedures in the government departments through the use of information technology, including facilitating the registration of national and foreign companies in the field of investment.

[Wiljor]

 

Iraq, September 6, 2017 

Iraq has approved a 10-year plan to rebuild its war-damaged areas that will be launched in 2018, a news network in the Arab OPEC country said on Sunday.

The plan involves spending large funds despite persistent cash shortages in the war-battered nation due to weak oil prices and high war costs, Rudaw network said, quoting Member of Parliament Harith Al-Harithy, who is also member of Iraq’s Parliamentary Committee of Economy and Investment.

'The government has devised a 10-year plan for reconstruction to be launched in 2018…the plan involves the spending of massive funds and will concentrate on rebuilding the infrastructure and cities liberated from Daesh,' he said.

Harithy said only small amounts of money have been made available to the Reconstruction Fund for Areas Affected by Terrorist Operations.

'This fund is suffering from cash shortages whether funds from the government or borrowed from abroad…the war against Daesh has cost Iraq billions of dollars in losses,' he said.

Regional and international creditors are due to meet in Kuwait next year to discuss reconstruction in Iraq, which could need nearly $100 billion for such projects, according to officials.

zawya

 

http://iraqdailyjournal.com/story-z15863669

[newbieDA]

On 8/16/2017 at 1:59 PM, DinarThug said:

CNN. Broadcasting With World Confidence While Wearing Only Clown Makeup !

 

 

 

(by walkingstick)

The government and the central bank restore the world's confidence in the Iraqi economy

August 16, 2017

 

Iraq is currently experiencing an economic crisis and large and difficult challenges, which are due to the control of the terrorist "Da'ash" organization on vast areas; and the low oil prices globally, which affected its budget for the years 2017-2017, reaching a current year about 95 billion dollars and a deficit of about 20.5 billion dollars , Damaging the non-oil economy by destroying infrastructure and assets, disrupting trade, deteriorating investor confidence, the external sector and medium-term growth potential. 

In order to meet all the political and economic challenges experienced by Iraq, the Central Bank has taken a number of measures to correct the financial situation and finance, while continuing to adhere to the system of linking the exchange rate, while the Iraqi government at the same time and after the end of the war against "Daash," towards planning and economic development , Contributing to a qualitative shift in the Iraqi economy.

The governor of the Central Bank, Ali al-Alaq, said that an international group to monitor the movement of funds confirms the confidence of the world in Iraq financially, and intends to pull Iraq out of the gray list to Al-Bayda, adding that the bank is working to activate the Office of anti-money laundering and grant the powers of the administrative and financial portfolios and full independence, To coordinate with international organizations, and the Financial Action Task Force, an intergovernmental body to study money laundering techniques and trends, to develop policies to combat it, and to finance terrorism locally and internationally. 

Al-Alak pointed out that this step, which would increase the world's confidence in Iraq financially and economically, was the result of reforms carried out by the Iraqi government and central bank, which contributed to reducing the fiscal deficit gap. 

The issuance of the Central Bank of Iraq, the currency of the category of 50 thousand Iraqi dinars, a successful step in strengthening the performance of the Iraqi dinar, without affecting the exchange rate against the US dollar, carrying a security mark sophisticated and high protection such as transparent window and Mark Spark, which defies currency counterfeiting. 

He stressed that "the issuance of high categories of good performance of the Iraqi dinar and reduced dependence on the dollar in large transactions, as the performance of large transactions in Iraqi dinar, and there is no policy to raise the value of the dollar against the Iraqi dinar, noting that" the central bank has a foreign currency is double the currency Local market ", which is reassuring. 

In order to implement best practices, the Central Bank of Iraq cooperated with Talal Abu-Ghazaleh Organization for International Professional Services (TAG-Org), which developed a plan to train and develop the Bank's human resources in the field of information technology. Implementation of the global IT standards. 

The general approach of the Central Bank is to develop banking services, introduce new banking products and electronic payment systems, based on advanced technologies to meet the challenges facing the banking sector, and establish an advanced monitoring system for all electronic banking and services,

Iraq's reserves of foreign currency will reach 62 billion dollars in 2018, he said, adding that there is no risk of a drop of reserves to 49 billion dollars. "The currency reserves, according to international standards, should be enough," he said. For six months as an international demand or measure, stressing that the reserves of hard currency in Iraq enough to pay debt and take into account the geographical diversification and enough to the need of the domestic market of goods and services and economic and social requirements and pay the salaries of retirees abroad and for the purposes of treatment and study and travel and religious tourism. 

"The International Monetary Fund in a study: there are Arab countries exceed their reserves real spending, including Iraq, Saudi Arabia, Algeria, Lebanon, Kuwait and Bahrain, and this is evidence of the stability of Iraq's reserves of hard currency." 

The IMF expected that Iraq's reserves in 2018 will reach 62 billion dollars and then rise to 91 billion dollars in 2020 as a result of improving the conditions of the Iraqi economy and its exports of oil and its derivatives and the supply of electricity imported to some provinces, exporting gas and encouraging tourism and industry, . 

He also stressed that Iraq has exceeded the biggest financial challenges faced in the past year, noting that he also managed to maintain an acceptable level of cash reserves, noting that "the Central Bank and despite the decline in dollar imports from the sale of crude oil to 70% managed to maintain At an acceptable level of cash reserves estimated at a total of 49 billion dollars in hard currency and gold. "

In spite of all the critical conditions that plague the country, the Iraqi government, headed by Haider al-Abadi, and the Governor of the Central Bank, succeeded in developing a clear economic plan in the current year to cope with economic crises, in cooperation with the International Monetary Fund, and indicators of recovery of the Iraqi economy began to appear After the relative rise in oil prices globally; after the implementation of the OPEC agreement to reduce production and reduce supply in the world oil market. 

In light of the correct monetary policy, followed by the Central Bank of Iraq in the development of new mechanisms and applications consistent with the strategy for the years of "2016 2020", with the program of economic and financial reform, which was agreed with the International Monetary Fund and in particular for the first and second review between the Iraqi delegation and a delegation The World Bank in Washington, which reflected the high value of the Iraqi dinar.

 Iraq's monetary policy has begun to establish a framework to strengthen confidence in the Iraqi dinar, which helps to create strong and deep conditions for the stability of the financial system, ie to transfer the impact of the operational objectives of monetary policy to the immediate goals of the policy itself. Cash is used to provide an effective signal to make the Iraqi dinar more attractive, which is usually reflected in the stability of the monetary demand function, or the decline in the speed of circulation and stability of the money. The cash at the same time. The gradual decrease in the phenomenon of inflation has positive effects on the policy of the Central Bank of Iraq in strengthening the exchange rate of the Iraqi dinar, which has had a strong impact on the stability of the prices of tradable goods, which at the same time referred to the annual inflation expressed, For consumer prices. The International Monetary Fund said that the activity of the Iraqi economy will remain limited this year, due to the reduction of oil production, by 1.5% under the agreement with OPEC, and the modest recovery of the non-oil sector.

The real growth of Iraq's gross domestic product (GDP) reached 11% last year, supported by a large increase in oil production, which benefited from previous oil investments. It was agreed on the willingness of credit with Iraq, which led to correcting the balance of public finances and balance of external status, Public finances, while protecting social spending. 

The sharp drop in oil prices caused Iraq's total international reserves to fall from $ 53.7 billion at the end of 2015 to a comfortable level of $ 46.5 billion at the end of December 2016.

Here we come to the conclusion: The policy adopted by the Central Bank of Iraq as the first official as stated in its law (56 for the year 2004) on supervision and monitoring of the banking system and its conduct according to its means in the applications of monetary policy and impact on the macroeconomic on the basis that the financial and monetary adviser to the government To the main tasks in maintaining the exchange rate of the Iraqi dinar, against foreign currencies and build a foreign cash reserve and reduce inflation, all this requires the support system" rel="">support of the government and study and analysis of the reality of the Iraqi economy rent which depends on a single resource basis is oil, which is about (54 - 60%) of the Domestic product output, and needs to be coordination between the fiscal and monetary policies and different economic policies, according to the new building of the economy "market economy" to reach the central objectives set out in addition to the organization of work in the legislation of economic laws governing the development process. 

One of the challenges facing the banking sector in Iraq is finding executive means to implement the government program in the banking sector, setting time limits, developing a monitoring and evaluation program, and enhancing the role of proactive measures to reduce money laundering and smuggling. Suffer some private sector banks because of the current conditions until they exceed after the improvement of the financial situation of the country, and the stability of world oil prices. 

And the means to implement what is stated in the government program, the preparation of programs and policies for continuous cooperation between government and private banks with uniformity of treatment of the parties, and the development of criteria for the classification and evaluation of banks in the light of financial indicators and measuring the efficiency of their performance and role in economic development, and support system" rel="">support and activate and develop the initiative of the Central Bank of Iraq, 5) Iraqi dinars trillions for specialized banks (housing, agricultural, 

And to contribute to the economic and social development plans. The main objective of the Central Bank of Iraq is to implement the government program in the right manner, especially in the context of promoting privatization of the private sector and paragraph (d) of it, Which sets the general tracks and mechanisms for the development of banking, which is definitely need to make great efforts from government agencies with the relationship with the government sector and private to overcome the challenges and obstacles to reform and development of the Iraqi banking sector, and propose the foundations and strategies P To build the introductions and features of the transition from banking to the developmental role through the treatment of all mistakes and failures in the economic construction during the coming years, along with chart the paths of success and achievement of goals. 

The Central Bank of Iraq (CBE) is an independent organization committed by the government to manage key financial functions such as the issuance of the state currency and the governorate. And to contribute to the regulation of the amount of money supply, and follow-up all the operations of commercial banks, and defines the Central Bank as the National Bank of States, and contribute to the provision of a range of banking and financial services to the Government of States Which followed her, and is interested in following up the commercial banking system, and the implementation of government fiscal and monetary policies, is also interested in development of financial plans of the state government, and contributes to its implementation, and controls the funds within the economic sector. 

The central bank is a monetary institution that follows public ownership. It is managed by the governments of the countries and supervised by establishing a set of laws that define their duties and objectives. The central bank is at the forefront of the banking system because it has a supervisory power over commercial banks. Profit, but depends on the existence of the public interests of the state, and the central bank has the ability to convert assets of real nature or fixed, such as real estate to cash assets. 

The central bank is the financial institution that monopolizes the process of issuing money. It has a strong relationship with commercial banks. It has different methods and authority to influence the activities and activities of these banks. This contributes to the achievement of the economic policy of the state. It has an independent management of monetary policy. 

Many economic experts called for the independence of the Central Bank from the legal, financial and administrative point of view, with a certain degree of correlation between it and the state. The role of the state is very important in building a strategy for the development of small and medium enterprises. The role of the private sector is weak, to a large extent. The sector can not be promoted without a plan to develop this sector and to build clear and declared mechanisms in which the private sector is active so that it can be transformed from a small subsidiary of the government sector into a Senior Partner, Then to a leader in investment and construction operations

 

http://rawabetcenter.com/archives/50329

 

 

The don't want future contracts in USD, like everyone else is doing. USD will be a major lose for holders soon.

[pokerplayer]

On ‎8‎/‎22‎/‎2017 at 6:10 AM, DinarThug said:

 

 

An HCL 'Baby' ?  

 

 

Tell Them To Put 9 Women On The Job And Deliver It In A Month ! 

     

 

 

A women takes 9 "months" to deliver. LOL  Just saying 

 

pp

[yota691]

Iraq depends on the reconstruction plan and support the poorest and most vulnerable

 

 Since 2017-09-16 at 11:02 (Baghdad time)

Baghdad - Mawazine News

Iraq presented on the sidelines of the Fourth Forum of German-Iraqi Business and Trade the vision paper of the Iraqi government to manage investment projects and business inside Iraq, and adopt the reconstruction plan 2017-2027 and support the poorest and vulnerable groups.  

 The Minister of Planning and Minister of Trade Salman Jumaili said in a statement received by "Mawazine News" that "Iraq provided a paper to ensure the vision of the government in the management and trends of investment and business within Iraq during the next decade, which summarized several priorities, most important recovery of citizens of liberated areas and the adoption of the reconstruction plan 2017-2027 and support the poorest and vulnerable groups and the right of displaced persons to return and social integration and to strengthen the capacities of young people and to ensure the completion of the requirements of sustainable development and the importance of international and national partnership in solving the dilemmas of economy and development and integration in Iraq.

"The paper adopted the National Development Plan for 2018-2022 and the goals of sustainable development for 2030 as well as the strategies of private sector development and poverty alleviation," he said.

He pointed out that "the Iraqi government in order to achieve these priorities set the methodologies for this, based on governance, good governance, social development, reconstruction and construction of infrastructure and development of economic resources and various sectors and the leadership of the State of various activities for economic and developmental development and social and linking the reconstruction plan with the national development plans fixed and five And the transformation of suspended investments to drive the national economy and economic reform in all its financial, monetary, banking and trade, and focus on diversification and elimination of unilateralism in the economy Supporting and developing the private sector within a strategic vision and a comprehensive national plan for this purpose, in addition to encouraging foreign investment and developing various types of participation with external parties. "

 Al-Jumaili thanked the German government and people for their steadfast and continuous support for Iraq in its fight against terrorism and in its fight for reconstruction, including the financial support of 1 billion euros allocated for humanitarian relief and reconstruction, reconstruction and stability, and the 500 million euro Liberated areas, which was launched in February this year.

  The forum also drew the attention of the German government to the attendance and participation of German Minister of Economy and Energy for the meetings of the Forum with senior officials and representatives of the relevant ministries in Germany, where she presented during the forum a paper which included the vision of the German government for future developing relations with Iraq. It is worth mentioning that this forum was organized by the Iraqi Embassy in Berlin in cooperation with the Arab and German Chamber of Commerce and Industry on 14 September.

And attended by the Minister of Planning and Trade and the Minister of Electricity and Chairman of the Investment Authority and the President of the Iraqi Trade Bank TBI and heads of chambers of commerce and a large number of businessmen, investors and traders, as well as the representatives of major German companies, Swiss, Austrian and Polish interested in the Iraqi market.

[yota691]

A plan for reconstruction and support for the poorest and most vulnerable

 

Economy News _ Baghdad Iraq presented on the sidelines of the Fourth Forum of German-Iraqi Business and Trade the vision paper of the Iraqi government to manage investment projects and business inside Iraq, and adopt the reconstruction plan 2017-2027 and support the poorest and vulnerable groups.    The Minister of Planning and Minister of Trade Salman Jumaili said in a statement obtained "Economy News" a copy of it, "Iraq provided a paper to ensure the vision of the government in the management and trends of investment and business within Iraq during the next decade, where summarized several priorities, most important recovery of citizens of liberated areas and the adoption of a plan to restore 2017-2027, supporting the poorest and vulnerable groups, the right of IDPs to return and social integration, enhancing the capacities of young people, ensuring the completion of the requirements of sustainable development and the importance of international and national partnership in solving the problems of economy, development and integration in Iraq. "The paper adopted the National Development Plan for 2018-2022 and the goals of sustainable development for 2030 as well as the strategies of private sector development and poverty alleviation," he said. He pointed out that "the Iraqi government in order to achieve these priorities set the methodologies for this, based on governance, good governance, social development, reconstruction and construction of infrastructure and development of economic resources and various sectors and the leadership of the State of various activities for economic and developmental development and social and linking the reconstruction plan with the national development plans fixed and five And the transformation of suspended investments to drive the national economy and economic reform in all its financial, monetary, banking and trade, and focus on diversification and elimination of unilateralism in the economy Supporting and developing the private sector within a strategic vision and a comprehensive national plan for this purpose, in addition to encouraging foreign investment and developing various types of participation with external parties. "  Al-Jumaili thanked the German government and people for their steadfast and continuous support for Iraq in its fight against terrorism and in its fight for reconstruction, including the financial support of 1 billion euros allocated for humanitarian relief and reconstruction, reconstruction and stability, and the 500 million euro Liberated areas, which was launched in February this year.   The forum also drew the attention of the German government to the attendance and participation of German Minister of Economy and Energy for the meetings of the Forum with senior officials and representatives of the relevant ministries in Germany, where she presented during the forum a paper which included the vision of the German government for future developing relations with Iraq. It is worth mentioning that this forum was organized by the Iraqi Embassy in Berlin in cooperation with the Arab and German Chamber of Commerce and Industry on 14 September. And attended by the Minister of Planning and Trade, the Minister of Electricity and the President of the Investment Authority and the President of the Iraqi Trade Bank TBI and heads of chambers of commerce and a large number of businessmen, investors and traders, as well as representatives of major German, Swiss, Austrian and Polish companies interested in the Iraqi market.

Views 16   Date Added 16/09/2017

[yota691]

The World Bank calls on the Iraqi government to create jobs to restore confidence with its citizens

 

Economy News Baghdad: World Bank Regional Director for the Mashreq, Saruj Kumar Jah, said that restoring trust between the Iraqi state and its citizens is highly dependent on the government's ability to provide security, jobs and economic growth for all Iraqis, especially the poor and the weak. for them. "The World Bank Group today concluded a series of consultations with various stakeholder groups on the new strategic partnership framework for Iraq for the period 2018-2022, which sets out the key development objectives of the World Bank Group to help Iraq," the World Bank said in a press release. For its realization, and which proposes a program of strategic interventions for this purpose. " "The consultations, which began on 16 September, included several meetings with government officials, members of the Council of Representatives, representatives of the private sector, civil society organizations, academia and international partners." The consultations showed a high level of interest and participation by the Iraqi public at large on issues related to the future Iraq, the challenges facing the country and the opportunities for development are at stake. " He explained that "these direct sessions preceded the first phase of online consultations on the channels of social communication (from 7 to 13 September). These online consultations have allowed the World Bank Group to reach nearly 1 million Iraqis from various groups and bodies across the country, including from Mosul and other liberated areas. The number of responses to online surveys has more than 200,000 comments. " "The results of the discussions and comments gathered during these consultations will be reviewed in the final document of the Strategic Partnership Framework, which will be presented to the World Bank Group for approval later this year," he said. The Iraqi government's development plan in the country, and is in line with its reconstruction and recovery program. " The World Bank noted that "the strategic partnership framework is based on the findings of the World Bank's systematic diagnostic report for Iraq, which set three priorities for advancing poverty eradication and promoting common prosperity: re-establishing security, rebuilding the social contract and state legitimacy, Oil wealth in a just and sustainable way ". "In line with the priorities of the country's systematic diagnostic report, the objective of the Strategic Partnership Framework is generally to help the Government of Iraq benefit from the liberalization of areas dominated by a nascent organization and the slow recovery in oil prices to rebuild confidence with citizens through the implementation of reforms Economic and administrative management, providing basic services efficiently and in a fair manner, and ensuring the sustainability and sustainability of recovery and reconstruction efforts. " "The World Bank Group will seek to support the Iraqi government in designing and implementing response mechanisms based on rigorous economic analysis, mobilizing best practices in recovery and planning for reconstruction, and benefiting from sustainable international support," the statement said. "Despite the massive devastation caused by the recent conflict, Iraq now has a unique opportunity to re-establish itself after the restoration of Mosul," the statement quoted the World Bank's Mashreq Regional Director, Saruj Kumar Jah, as saying. There is a lot to do. It is imperative for Iraqis to persevere and move forward in order to secure a better future for all. Through this strategic partnership framework, the World Bank Group is ready to support Iraq in its long journey towards long-term reconstruction and development that benefits everyone. " "The restoration of confidence between the state and its citizens is highly dependent on the Iraqi government's ability to provide security, jobs and economic growth for all Iraqis, especially the poor and the weak, and the millions of internally displaced people affected by the war and their host communities." On the sidelines of a consultation session, Acting Deputy Minister of Finance Dr. Maher Johan commented: "Everyone has the opportunity to play an important role in Iraq's economic, social and infrastructure reconstruction." The World Bank is a key partner of the Government of Iraq in its efforts to alleviate poverty , And the programs and projects that support them are fully consistent with the Government's development vision and the work of other international organizations. "   Views 12   Date Added 09/23/2017

[DinarThug]

 

The World Bank calls on Baghdad to rebuild the social contract and manage oil wealth fairly

The World Bank stressed that the restoration of trust between the Iraqi state and its citizens is highly dependent on demonstrating its ability to provide security, jobs and economic growth for all Iraqis, especially the poor and the weak. The results of the discussions and comments gathered during the consultations will be taken to review the final document of the Strategic Partnership Framework Of the Iraqi government's development plan in the country and will be presented to the board of directors of its group for approval later this year.

On the other hand, an economist said he was not optimistic that the Iraqi government would benefit from these recommendations and recommendations. He pointed out that not only international organizations advise the government to pay attention to economic development and diversification, increase employment opportunities and support the private sector. Pointing out the need to establish a specialized economic team that includes the government, the private sector or civil society organizations to apply the advice and strategies, and its decision is binding on all.

The World Bank Group concluded a series of consultations with various stakeholder groups on the New Strategic Partnership Framework for Iraq for the period 2018-2022, which outlines the key development objectives of the World Bank Group, The World Bank Group aims to assist Iraq in its implementation, which proposes a strategic intervention program for this purpose. The consultations, which began on 16 September, included several meetings with government officials, members of the Council of Representatives, representatives of the private sector, civil society organizations and the Acad Community "The consultations have shown a high level of interest and participation by the Iraqi public at large on issues related to the future of Iraq, challenges facing the country and opportunities for development at stake," he said.

The statement pointed out that these direct sessions preceded the first phase of online consultations on the channels of social communication (from 7 to 13 September). These online consultations allowed the World Bank Group to reach nearly 1 million Iraqis from various groups and bodies across the country, including from Mosul and other liberated areas. The number of responses to online surveys has more than 200,000 comments. " 

"The results of the discussions and comments gathered during these consultations will be reviewed in the final document of the Strategic Partnership Framework, which will be presented to the World Bank Group for approval later this year," the statement said, noting that " Of the Iraqi government's development plan in the country, and is in line with its reconstruction and recovery program. "

"The strategic partnership framework is based on the findings of the World Bank's systematic diagnostic report for Iraq, which set three priorities for moving forward in eradicating poverty and promoting common prosperity: re-establishing security, rebuilding the social contract and the legitimacy of the state, Oil wealth management in a fair and sustainable manner. 

Therefore, in line with the priorities of the country's systematic diagnostic report, the objective of the Strategic Partnership Framework is to focus on assisting the Government of Iraq to benefit from the liberalization of areas controlled by a supportive organization and recovery Slow in oil prices to rebuild trust with the citizens to build, through the implementation of economic and administrative reforms critical, and the provision of basic services efficiently and fairly, and to ensure inclusiveness and sustainability of the recovery and reconstruction efforts. "

"The World Bank Group will seek to support the Iraqi government in designing and implementing response mechanisms based on rigorous economic analysis, mobilizing best practices in recovery and reconstruction planning, and benefiting from sustained international support. The statement quotes the World Bank's Mashreq Regional Director, Saroj Kumar Jah, said, "Despite the enormous devastation caused by the recent conflict, Iraq now has a unique opportunity to rise again after the restoration of Mosul. There is a lot to do. It is imperative for Iraqis to persevere and move forward in order to secure a better future for all. Through this strategic partnership framework, the World Bank Group is ready to support Iraq in its long journey towards long-term reconstruction and long-term development that benefits all. "

He believes that "restoring trust between the state and its citizens is highly dependent on the Iraqi government's ability to provide security, jobs and economic growth for all Iraqis, especially the poor and the weak, and the millions of internally displaced people affected by the war and their host communities." 

On the sidelines of a consultation session, Acting Deputy Finance Minister Maher Johan said: "Everyone has an opportunity to play an important role in Iraq's economic, social and infrastructure reconstruction." The World Bank is a key partner of the Government of Iraq in its efforts to mitigate Of poverty, and the programs and projects that support them are fully in line with the Government's development vision and the work of other international organizations. "

On the other hand, expert Amer Jawahery said in an interview with "(to the extent) not only organizations that advise the Iraqi government to take care of the development and diversification of the economy and increase employment opportunities and support the private sector, because the Iraqi government itself understands that it should be interested in this aspect: but its problem is the will is not The question of the World Bank's advice on employment does not mean that the government is employed; it means that the government supports private sector enterprises, executes major projects and supports the establishment of microenterprises and is supposed to take effective action. Jobs, but the problem is p M there is an attempt to develop and support the private sector.

Al-Jawahiri asserts that there is a lot of talk about projects, and there are many calls, suggestions and recommendations from the international organizations of the government, but there is a deficit and a gap between the strategies and the recommendations and the implementation. There is no honest party concerned with implementation. Here we have to be like the great countries that built themselves after the Second World War. A team that leads the economic file and this must be in Iraq also and that the decisions issued by the implementation of the inevitable and ensures all those concerned with the economy, whether government or private sector or civil society.

The latest report prepared by the World Bank is certainly in coordination with the Council of Ministers ministries, the private sector and civil society organizations, but there were many strategies and advice provided during the previous period and for a period of eight years why not implemented so far, but the advice It is not obligatory, but it is assumed by the government and all those responsible for the economic file of the country the duty of developing and revitalizing the economy, and as the current government has adopted reforms and has been thwarted by terrorism, but all these challenges must be an incentive to build self and meet the challenge and benefit from advice and advice, World Bank or other international financial organizations that have provided earlier in all the advice and assistance so say that there is a moral and psychological commitment in exchange for building a country and people wearied.

http://almadapaper.net/ar/news.....8%B9%D9%82

[TexasMike1958]

5 minutes ago, DinarThug said:

 

The World Bank calls on Baghdad to rebuild the social contract and manage oil wealth fairly

The World Bank stressed that the restoration of trust between the Iraqi state and its citizens is highly dependent on demonstrating its ability to provide security, jobs and economic growth for all Iraqis, especially the poor and the weak. The results of the discussions and comments gathered during the consultations will be taken to review the final document of the Strategic Partnership Framework Of the Iraqi government's development plan in the country and will be presented to the board of directors of its group for approval later this year.

On the other hand, an economist said he was not optimistic that the Iraqi government would benefit from these recommendations and recommendations. He pointed out that not only international organizations advise the government to pay attention to economic development and diversification, increase employment opportunities and support system" rel="">support the private sector. Pointing out the need to establish a specialized economic team that includes the government, the private sector or civil society organizations to apply the advice and strategies, and its decision is binding on all.

The World Bank Group concluded a series of consultations with various stakeholder groups on the New Strategic Partnership Framework for Iraq for the period 2018-2022, which outlines the key development objectives of the World Bank Group, The World Bank Group aims to assist Iraq in its implementation, which proposes a strategic intervention program for this purpose. The consultations, which began on 16 September, included several meetings with government officials, members of the Council of Representatives, representatives of the private sector, civil society organizations and the Acad Community "The consultations have shown a high level of interest and participation by the Iraqi public at large on issues related to the future of Iraq, challenges facing the country and opportunities for development at stake," he said.

The statement pointed out that these direct sessions preceded the first phase of online consultations on the channels of social communication (from 7 to 13 September). These online consultations allowed the World Bank Group to reach nearly 1 million Iraqis from various groups and bodies across the country, including from Mosul and other liberated areas. The number of responses to online surveys has more than 200,000 comments. " 

"The results of the discussions and comments gathered during these consultations will be reviewed in the final document of the Strategic Partnership Framework, which will be presented to the World Bank Group for approval later this year," the statement said, noting that " Of the Iraqi government's development plan in the country, and is in line with its reconstruction and recovery program. "

"The strategic partnership framework is based on the findings of the World Bank's systematic diagnostic report for Iraq, which set three priorities for moving forward in eradicating poverty and promoting common prosperity: re-establishing security, rebuilding the social contract and the legitimacy of the state, Oil wealth management in a fair and sustainable manner. 

Therefore, in line with the priorities of the country's systematic diagnostic report, the objective of the Strategic Partnership Framework is to focus on assisting the Government of Iraq to benefit from the liberalization of areas controlled by a supportive organization and recovery Slow in oil prices to rebuild trust with the citizens to build, through the implementation of economic and administrative reforms critical, and the provision of basic services efficiently and fairly, and to ensure inclusiveness and sustainability of the recovery and reconstruction efforts. "

"The World Bank Group will seek to support system" rel="">support the Iraqi government in designing and implementing response mechanisms based on rigorous economic analysis, mobilizing best practices in recovery and reconstruction planning, and benefiting from sustained international support system" rel="">support. The statement quotes the World Bank's Mashreq Regional Director, Saroj Kumar Jah, said, "Despite the enormous devastation caused by the recent conflict, Iraq now has a unique opportunity to rise again after the restoration of Mosul. There is a lot to do. It is imperative for Iraqis to persevere and move forward in order to secure a better future for all. Through this strategic partnership framework, the World Bank Group is ready to support system" rel="">support Iraq in its long journey towards long-term reconstruction and long-term development that benefits all. "

He believes that "restoring trust between the state and its citizens is highly dependent on the Iraqi government's ability to provide security, jobs and economic growth for all Iraqis, especially the poor and the weak, and the millions of internally displaced people affected by the war and their host communities." 

On the sidelines of a consultation session, Acting Deputy Finance Minister Maher Johan said: "Everyone has an opportunity to play an important role in Iraq's economic, social and infrastructure reconstruction." The World Bank is a key partner of the Government of Iraq in its efforts to mitigate Of poverty, and the programs and projects that support system" rel="">support them are fully in line with the Government's development vision and the work of other international organizations. "

On the other hand, expert Amer Jawahery said in an interview with "(to the extent) not only organizations that advise the Iraqi government to take care of the development and diversification of the economy and increase employment opportunities and support system" rel="">support the private sector, because the Iraqi government itself understands that it should be interested in this aspect: but its problem is the will is not The question of the World Bank's advice on employment does not mean that the government is employed; it means that the government supports private sector enterprises, executes major projects and supports the establishment of microenterprises and is supposed to take effective action. Jobs, but the problem is p M there is an attempt to develop and support system" rel="">support the private sector.

Al-Jawahiri asserts that there is a lot of talk about projects, and there are many calls, suggestions and recommendations from the international organizations of the government, but there is a deficit and a gap between the strategies and the recommendations and the implementation. There is no honest party concerned with implementation. Here we have to be like the great countries that built themselves after the Second World War. A team that leads the economic file and this must be in Iraq also and that the decisions issued by the implementation of the inevitable and ensures all those concerned with the economy, whether government or private sector or civil society.

The latest report prepared by the World Bank is certainly in coordination with the Council of Ministers ministries, the private sector and civil society organizations, but there were many strategies and advice provided during the previous period and for a period of eight years why not implemented so far, but the advice It is not obligatory, but it is assumed by the government and all those responsible for the economic file of the country the duty of developing and revitalizing the economy, and as the current government has adopted reforms and has been thwarted by terrorism, but all these challenges must be an incentive to build self and meet the challenge and benefit from advice and advice, World Bank or other international financial organizations that have provided earlier in all the advice and assistance so say that there is a moral and psychological commitment in exchange for building a country and people wearied.

http://almadapaper.net/ar/news.....8%B9%D9%82

 

 

The World Bank needs to tell the Iraqi parliament to get their heads out of their sphincter tubes and revalue their currency so they can do all these wonderful things that have been talked about since the days of Noah (at least it seems that long)