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Iraqi Prime Minister discusses economic reform efforts with a representative of the World Bank mission


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Iraqi Prime Minister discusses economic reform efforts with a representative of the World Bank mission

Iraqi Prime Minister discusses economic reform efforts with a representative of the World Bank mission
Iraqi Prime Minister, Mustafa Al-Kazemi, during his meeting with the Special Representative of the World Bank Mission in Iraq, Ramzi Numan
 May 12, 2020 03:35 PM

Mubasher: The Iraqi Prime Minister, Mustafa Al-Kazemi, received today, Tuesday, the Special Representative of the World Bank Mission in Iraq, Ramzi Numan .

Ways have been discussed to coordinate work between the Iraqi government and international institutions to overcome the economic crisis, according to a statement of the Information Office of the Prime Minister.

Al-Kazemi also discussed with the Special Representative of the World Bank Mission in Iraq work to launch economic reform efforts, which would encourage investment and reconstruction, enhance the service reality, and provide job opportunities .

The former Iraqi Minister of Planning, Nuri Sabah Al-Dulaimi, received on April 28 last , the representative of the World Bank in Iraq, Ramzi Numan, and his accompanying delegation.

During the meeting, a number of issues of common concern were discussed, and ways of strengthening national efforts facing the emerging epidemic of the Corona Virus pandemic.

Noaman affirmed that the World Bank is ready to provide possible support and restructure the loans granted to Iraq, in a way that contributes to protecting the vulnerable sectors of society.

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 05/12/2020 08:19:50

Shafaq News / Today, Tuesday, Prime Minister Mustafa Al-Kazemi received the Special Representative of the World Bank Mission in Iraq Ramzi Numan.

According to a statement issued by the media office of the Prime Minister, and reported to Shafaq News, the two sides discussed ways to coordinate work between the Iraqi government and international institutions to overcome the economic crisis, and work to launch economic reform efforts that would encourage investment and reconstruction, enhance the service reality, and provide job opportunities .

 
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The information / Baghdad ..

Prime Minister Mustafa Al-Kazemi discussed, Tuesday, with the Special Representative of the World Bank Mission in Iraq , the financial crisis in the country due to low oil prices and the spread of the Corona virus.

Al-Kazemi’s office said, in a statement received / information / that “Prime Minister Mustafa Al-Kazemi received the Special Representative of the World Bank Mission in Iraq , Ramzi Numan.”

He added, "We discussed ways to coordinate work between the Iraqi government and international institutions to overcome the economic crisis, and work to launch economic reform efforts that would encourage investment and reconstruction, enhance the service reality, and provide job opportunities." 25 h has ended

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Al-Kazemi and the World Bank representative discuss several issues, including economic reform

Political | 03:12 - 12/05/2020

 
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Baghdad - Mawazine News,
Prime Minister Mustafa Al-Kazemi discussed, Saturday, with the representative of the World Bank in Iraq, several files, including bypassing the economic crisis.
The Prime Minister's Office said in a statement received by / Mawazine News / a copy of it, that "Al-Kazemi received the Special Representative of the World Bank Mission in Iraq Ramzi Numan."
He added, "Ways have been discussed to coordinate work between the Iraqi government and international institutions to overcome the economic crisis, and work to launch economic reform efforts that would encourage investment and reconstruction, enhance the service reality, and provide job opportunities." Ended 29 / h

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I hope this World Bank rep gave him some advice like, we won't talk about money or bail outs because we know that doesn't work for Iraq. BUT we will talk about how to get your economy back on track starting with the new elections an getting rid of some of the thieves and corruption in your government. 

Maybe he will tell him throwing money at a situation doesn't work an use the USA as an example. He could also tell him to retrieve from archives an review the recommendations from the WB, IMF, US treasury an other past entities for guidance. 

If the WB & IMF sticks to their guns an makes this new PM think outside the traditional Iraqi logic of begging for money an wanting every country to give them money, we might have a chance...

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44 minutes ago, DoD said:

I hope this World Bank rep gave him some advice like, we won't talk about money or bail outs because we know that doesn't work for Iraq. BUT we will talk about how to get your economy back on track starting with the new elections an getting rid of some of the thieves and corruption in your government. 

Maybe he will tell him throwing money at a situation doesn't work an use the USA as an example. He could also tell him to retrieve from archives an review the recommendations from the WB, IMF, US treasury an other past entities for guidance. 

If the WB & IMF sticks to their guns an makes this new PM think outside the traditional Iraqi logic of begging for money an wanting every country to give them money, we might have a chance...

 

Agreed....the cynical side of me says that’s asking allot from those incapable ( perhaps ) of thinking outside the traditional Iraqi logic box.

However, they may reluctantly understand they’ve run out of options and reforms & RI/RV IS the only option left if they wish to survive.

We’ll see.

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3 minutes ago, ChuckFinley said:

He better not be talking about printing more money.

 

 

 

That would be a disaster for them   Basically lowers the value of the Dinar if there is too much money out in circulation.  

Puts a band-aid on the huge hole in the hull of the ship.   

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3 minutes ago, jcav said:

 

That would be a disaster for them   Basically lowers the value of the Dinar if there is too much money out in circulation.  

Puts a band-aid on the huge hole in the hull of the ship.   

 

Exactly, they were actually talking about that as an option. 

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4h
Prime Minister @MAKadhimi
 Receives the Special Representative of the World Bank Mission in Iraq, Mr. Ramzi Numan, where ways of coordinating work between the Iraqi government and international institutions to overcome the economic crisis were discussed, and work to launch economic reform efforts that would encourage investment and reconstruction.

 

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Few days ago Al-Kazemi approved the internal and external borrowing law. 
 

I believe they have 2 options:

 

1- continue borrowing money and create a bigger debt for the nation.

2- make the IQD international recognized and give It a real market value.

 

Go RV

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The World Bank announced today, Wednesday, the allocation of 33.6 million dollars to Iraq to support the country's efforts to confront the Corona virus, stressing its readiness to support Iraq’s efforts to contain the rapid spread of the virus.

The bank said in a statement, Alsumaria News received a copy of it, that "in response to the outbreak of Corona Virus (Covid-19) in Iraq, the World Bank recently agreed to reallocate 33.6 million US dollars as part of the emergency operations project for development being implemented (750 million dollars) to support Efforts of the Ministry of Health in the prevention, detection and response to the COVID-19 epidemic. "
 

“This rapid and emergency response comes in two phases. The World Bank initially provided $ 7.8 million in available resources under the Emergency Operations for Development project to help finance the supply of basic medical equipment and supplies and to enhance the capacity of the ICU in Public hospitals to improve management of cases infected with COVID-19. Through cooperation with the United Nations Office for Project Services (UNOPS), health centers in Iraq will be delivered artificial respirators, beds for intensive care units and portable X-ray machines in addition to planning devices To flip it within four to eight weeks. "
 

He added, “In a later step, the World Bank also approved the request of the Government of Iraq to reallocate an additional $ 25.8 million in the framework of the project itself to provide additional quantities of medical equipment and supplies and support the training of front-line health workers in their use. The expedited procurement procedures will ensure For the United Nations Office for Project Services to deliver medical supplies in a timely manner to the Ministry of Health. "

The statement quoted Saroj Kumar Jah, Regional Director of the Mashreq Department at the World Bank: “The epidemic is expected to affect particularly poor and vulnerable families. The World Bank confirms its willingness to support Iraq’s efforts to contain the rapid spread of the virus and to enhance the Ministry of Health’s ability to absorb the additional pressure that the epidemic poses. On the Iraqi health system. "
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2106.jpg
World Bank logo
  

 money and business


Economy News - Baghdad

The World Bank has announced the allocation of $ 33.6 million to help Iraq cope with the spread of the Coronavirus.

The bank said in a statement seen by the "Economy News", that "in response to the outbreak of the Corona virus (Covid-19) in Iraq, the World Bank recently agreed to reallocate 33.6 million US dollars as part of the emergency operations project for development being implemented (750 million dollars) To support the efforts of the Ministry of Health in the prevention, detection and response to the COVID-19 epidemic . "

"This rapid and emergency response is in two phases. The World Bank initially provided US $ 7.8 million in available resources under the Emergency Operations for Development project to help finance the supply of essential medical equipment and supplies and enhance the capacity of the ICU in hospitals," the statement added. The general improvement of the management of cases infected with COVID-19 ".

He continued, "Through cooperation with the United Nations Office for Project Services ( UNOPS ), artificial respirators, beds for intensive care units and portable X-ray machines in addition to ECGs will be delivered within four to eight weeks."

He stressed that "the World Bank also approved the request of the Government of Iraq to reallocate an additional $ 25.8 million in the framework of the project itself to provide additional quantities of medical equipment and supplies and support the training of health workers on the front lines in their use ...".

 
 
Number of views 28   Date added 13/05/2020
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  •  Time: 05/22/2020 11:24:29
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  •  Read: 1,274 times
The World Bank helps Iraq confront Corona with more than $ 30 million
  
{International: Al Furat News} The World Bank announced today, Wednesday, the allocation of more than $ 30 million to help Iraq in the face of the Corona pandemic, indicating that this assistance will be in two phases, while the epidemic is expected to affect "poor and vulnerable families" in particular.

In a statement, in response to the outbreak of the Corona Virus (Covid-19) in Iraq, he said that he recently agreed to reallocate $ 33.6 million as part of the Emergency Operations for Development project ($ 750 million) to support the Ministry of Health's efforts to prevent the COVID epidemic. 19, discover and respond to it.
"This rapid and emergency response comes in two phases," the World Bank added, explaining that "it initially provided $ 7.8 million in available resources under the Emergency Operations for Development project to help fund the supply of basic medical equipment and supplies and enhance the capacity of the ICU ( ICU) in public hospitals to improve management of cases infected with COVID-19 ".
He continued, "Through cooperation with the United Nations Office for Project Services (UNOPS), health centers in Iraq will be given artificial respirators, beds for intensive care units and portable X-ray machines in addition to ECGs within four to eight weeks."
In a later step, the World Bank made clear in its statement that it "approved the request of the Government of Iraq to reallocate an additional $ 25.8 million in the framework of the project itself to provide additional quantities of medical equipment and supplies and support the training of health workers on the front lines in their use," noting "The expedited procurement procedures will ensure that UNOPS delivers timely medical supplies to the Ministry of Health."
Commenting on this, Saroj Kumar Jah, Regional Director of the Mashreq Department at the World Bank said: “The epidemic is expected to affect particularly poor and vulnerable families, expressing its willingness” to support Iraq’s efforts to contain the rapid spread of the virus and enhance the Ministry of Health’s ability to absorb the additional pressure it creates The epidemic on the Iraqi health system. ”
The bank emphasized that“ the process of reallocating resources will not affect the activities mainly monitored within the framework of the emergency operations project for development which aims to support Iraq in rebuilding the damaged infrastructure and re-providing public services in the targeted municipalities. ”
And he stated that, "drawing on the procurement and financial management procedures of the World Bank for the supply of goods, works and consulting services within the project, more than 3 million people in five governorates liberated from ISIS are already benefiting from better health services by rehabilitating the damaged clinics and equipping 14 mobile clinics 82 ambulances, and they benefit from 35% of reconnections to the electrical network and improvement in key municipal services by providing clean drinking water and waste collection plans, and restoring mobility by rebuilding 400 km of roads and 25 critical bridges The project also contributes to promoting confidence-building and reconciliation between the state and the citizen by training 79 NGOs and more than 1,000 young men and women in peaceful dialogue and reconciliation in their societies.
It is worth noting that the Emergency Operations for Development project was originally approved in July 2015 in the amount of USD 350 million, then additional funding for the project in the amount of USD 400 million was approved later in October October 2017 to allow the expansion of the geographical scope of the project activities Current cities to additional cities liberated from ISIS.
Ammar Al-Masoudi finished

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Baghdad, May 12, 2020 — In response to the COVID-19 outbreak in Iraq, the World Bank has recently approved the re-allocation of U$33.6 million under the current Emergency Operation for Development Project (EODP-US$750 million) to support the Ministry of Health’s efforts in preventing, detecting, and responding to the COVID-19 pandemic.

This fast track emergency response comes in two phases. The World Bank initially mobilized US$7.8 million from resources that were immediately available under the EODP to help finance the supply of essential medical equipment and supplies and strengthen intensive care unit (ICU) capacity at public hospitals for improved COVID-19 case management. Through cooperation with the United Nations Office for Project Services (UNOPS), ventilators, ICU beds, ECG machines, mobile X-ray machines and defibrillators will be delivered to designated sites in four to eight weeks.

In a follow-up step, the World Bank also approved the Government of Iraq’s request to re-allocate an additional US$25.8 million under the project to supply additional quantities of equipment and consumables and support the training of health workers and front-line responders on their use.  The expedited procurement procedures of UNOPS will ensure the timely delivery of medical supplies to the Ministry of Health.

“The pandemic is expected to particularly hit poor and vulnerable households. The World Bank stands ready to support Iraq’s efforts to contain the rapid spread of the virus and strengthen the capacity of the Ministry of Health to address the additional strain the pandemic poses on the Iraqi health system,” said Saroj Kumar Jha, World Bank Mashreq Regional Director.

The reallocation of funds does not affect the initial scope of the Emergency Operation for Development Project which aims to support Iraq in the reconstruction of damaged infrastructure and the restoration of public services delivery in targeted municipal areas. As a matter of fact, and through the procurement of goods, works and consulting services using World Bank’s procurement and financial management regulations, over 3 million people in five governorates liberated from ISIS are already benefiting from improved health services through the rehabilitation of damaged clinics and the supply of 14 mobile clinics and 82 ambulances, restored electricity connectivity by 35%, improved  key municipal services with the provision of purified drinking water and waste collection schemes, and restored access through the reconstruction of 400 km of roads and 25 critical bridges. The project is also contributing to promoting state/citizen trust-building and reconciliation through the training of 79 non-governmental organizations and over 1,000 young men and women on peaceful dialogue and reconciliation in their communities.

The Emergency Operation for Development Project was initially approved in July 2015 in the amount of US$350 million. An additional financing to the project in the amount of US$400 million was later on approved in October 2017 to allow the geographic scale-up of existing project activities to additional cities liberated from ISIS.

World Bank Group COVID-19 Response

The World Bank Group, one of the largest sources of funding and knowledge for developing countries, is taking broad, fast action to help developing countries strengthen their pandemic response. We are increasing disease surveillance, improving public health interventions, and helping the private sector continue to operate and sustain jobs. Over the next 15 months, we will be deploying up to $160 billion in financial support to help countries protect the poor and vulnerable, support businesses, and bolster economic recovery, including $50 billion of new IDA resources in grants or highly concessional terms.

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