The Finance Minister Arrives In Riyadh And Delivers A Message From The Prime Minister To The Saudi Crown Prince !

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CNN. Broadcasting On The ‘Fly’ While Arriving In In Riyadh !
 

 

The Finance Minister arrives in Riyadh and delivers a message
from the Prime Minister to the Saudi Crown Prince
 

Saturday 23 May 2020

 

 

 

Baghdad / Omar Abdul Latif

 

 

Iraq and Saudi Arabia held a discussion session that witnessed
the delivery of Finance Minister Ali Abdul-Amir Allawi, a letter
from Prime Minister Mustafa Al-Kazemi addressed to Crown
Prince Mohammed bin Salman. 

The Iraqi embassy in Riyadh stated, in a statement, that a copy had been received
by "Al-Sabah", that the Minister of Finance and Minister of Oil and Agency had
arrived in Riyadh as an envoy from the Prime Minister, and he was received by
Mohammed Abdullah Al-Jadaan, the Saudi Minister of Finance, and Majid bin
Abdullah bin Othman Al-Qasabi, the Saudi Minister of Commerce The Saudi side in
the Iraqi-Saudi Coordination Council, Abd al-Rahman al-Harbi, head of the
General Authority for Foreign Trade, and the Iraqi ambassador to Saudi Arabia,
Qahtan Taha Khalaf.

She added that a discussion session was held between the two sides, during which
a message was sent from Prime Minister Mustafa Al-Kazemi addressed to Crown
Prince Mohammed bin Salman, and cooperation between the two countries and
mechanisms for its activation were also reviewed.

She pointed out that the Iraqi side stressed that the government is serious in
developing bilateral relations with the Kingdom, and that there is an
eagerness from the Prime Minister to activate cooperation in
all fields between the two countries at a faster pace to ensure
the achievement of economic returns.

The embassy continued that the two sides confirmed that the opening of the Arar
crossing between the two countries is a key factor in achieving a breakthrough in
the fields of economic and investment cooperation between the two countries.

 For his part, the Saudi finance and trade ministers affirmed that the Kingdom’s
leadership represented by King Salman bin Abdulaziz and Crown Prince
Mohammed bin Salman have a steadfast approach to developing relations in all
fields with Iraq, and they expressed the kingdom’s readiness to open up to Iraq
and open the horizon of economic, commercial and financial cooperation
between the two countries, Pointing out that the Saudi private sector with its
capabilities has the desire to enter the Iraqi market and invest in Iraq in a way
that benefits both countries.

It was agreed to continue holding the bilateral meetings with the aim of
evaluating the stages of cooperation and their development between the two
countries.

The embassy clarified that the Minister of Finance met with the Saudi Energy Minister A
bdulaziz bin Salman, as the two sides discussed oil cooperation between the two countries
and the possibility of benefiting from Saudi goods, the global position of oil prices in light of
the price drop due to the Corona pandemic, the importance of adhering to the OPEC +
Russia agreement, and reducing production to ensure achievement The balance between
supply and demand in the oil market and access to fair prices for producers.

The two sides stressed the importance of continued positive communication between the two
countries in unifying the oil policy to ensure market stability and encouraging the rest of the
producing countries to commit to reducing production to ensure higher oil prices and to
achieve stability in oil prices.

The embassy also indicated that Allawi met with Saudi Foreign Minister Faisal bin Farhan and
a number of ministry officials, as the two sides affirmed the depth of fraternal relations
between the two countries, and the Iraqi government's readiness to strengthen ties with the
Kingdom and coordinate positions on Arab and international issues of common concern.

In turn, Farhan expressed Saudi support for the government of Iraq and its efforts to
overcome the plight of terrorism, expressing the kingdom's readiness to support
Iraq in all fields in a way that guarantees the return of security and economic
prosperity.
LINK

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Iraq

"Call for real reform" ... Pompeo discusses with Al-Kazemi the economic crisis in Iraq

 

Free - Washington

 

May 22, 2020

 

 

 

On Friday, US Secretary of State Mike Pompeo telephoned Iraqi Prime Minister Mustafa Al-Kazemi to discuss the economic crisis in Iraq, and the two sides discussed the frameworks of the strategic dialogue between the two countries next month. 

US State Department spokeswoman Morgan Ortagos said in a press statement that Pompeo called Al-Kazemi to undertake real reform while working with international institutions to provide financial assistance to Iraq. 

According to press reports, the Iraqi economy is collapsing due to the double strike of low oil prices and government-imposed closures due to the outbreak of the Corona virus, which destroyed livelihoods and put some families under the poverty line and in the cycle of hunger.

The American-Iraqi relations were not at best during the previous government period, as the United States criticized the Iraqi government several times for its handling of the demonstrations in a violent manner, as it indirectly said that it was with the dismissal of the government, through its statement to support the demands of the demonstrators, which was the dismissal The most important government.

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U.S. Embassy Baghdad

4 hrs · 

وزارة الخارجية الأمريكية
مكتب المتحدث الرسمي - مورجان أورتاجوس

22 أيار، 2020

اتصال الوزير مايكل بومبيو برئيس الوزراء العراقي مصطفى الكاظمي
تحدث وزير الخارجية مايكل بومبيو اليوم مع رئيس الوزراء العراقي مصطفى الكاظمي لمناقشة الأزمة الاقتصادية في العراق، والحوار الاستراتيجي المقبل بين الولايات المتحدة والعراق. وحث الوزير بومبيو رئيس الوزراء الكاظمي على متابعة الإصلاحات الحقيقية أثناء عمله مع المؤسسات الدولية لتقديم المساعدة المالية للعراق.

Secretary Pompeo spoke with Prime Minister Kadhimi last night about the economy and the upcoming U.S.-Iraq Strategic Dialogue.

https://www.state.gov/secretary-pompeos-call-with-iraqi-pr…/

American State Department
Office of the Spokesperson - Morgan Ortagus

May 22, 2020

 

Minister Michael Pompeo's contact with Iraqi Prime Minister Mustafa Kazami

Foreign Minister Michael Pompeo spoke today with Iraqi Prime Minister Mustafa Kazami to discuss the economic crisis in Iraq and the upcoming strategic dialogue between the United States and Iraq. Minister Pompeo urged Prime Minister Kazami to pursue real reforms while working with international institutions to provide financial assistance to Iraq.

Secretary Pompeo spoke with Prime Minister Kadhimi last night about the economy and the upcoming U.S.-Iraq Strategic Dialogue.

https://www.state.gov/secretary-pompeos-call-with-iraqi-prime-minister-kadhimi-2/

 

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Rate this translation

 

The below is attributable to Spokesperson Morgan Ortagus:‎ Secretary of State Michael R. Pompeo spoke today with Iraqi Prime Minister Mustafa al-Kadhimi to discuss Iraq’s economic crisis as well as the upcoming U.S.-Iraq Strategic Dialogue. Secretary Pompeo urged Prime Minister Kadhimi to pursue...

 

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12 hours ago, DinarThug said:

The Finance Minister arrives in Riyadh and delivers a message
from the Prime Minister to the Saudi Crown Prince
 

Saturday 23 May 2020

 

LINK

Parliamentary government monitoring reveals the axes and reason for sending the Minister of Finance to Saudi Arabia

 

 

16:24 - 05/23/2020
 

 

The Parliamentary Monitoring Committee revealed, on Saturday, the reason for sending Minister of Finance Ali Abdul Amir Allawi to Saudi Arabia, while outlining the main topics of discussion.

Committee member Mohammed Al-Baldawi said in a statement to "Al-Maalouma", that "the visit is supposed to take place through the foreign minister, but the Minister of Finance has been assigned in the absence of the foreign minister," noting that "Allawi is the deputy prime minister and the best person to go with such a visit."

He added that "the visit discussed important economic and oil axes, the most prominent of which is raising the price of selling oil in cooperation between Baghdad and Riyadh, as well as discussing economic prospects between the two countries," noting that "Prime Minister Mustafa Al-Kazemi is trying to exploit any Gulf support for his government by raising oil prices and activating economic agreements."

Last Thursday, Iraqi Prime Minister Mustafa Al-Kazemi announced a visit by Finance Minister Ali Allawi to the Kingdom of Saudi Arabia.

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LINK

Al-Jubouri: The salaries of political prisoners and "Al-Rafhawawi" are more than the Saudi loan

 

 

23rd May, 2020

 

Today, Saturday, the former deputy, Mishaan al-Jubouri, called for stopping the payment of salaries of political prisoners and detainees of Rafha, which together constitute a higher amount of the loan granted by Saudi Arabia to Iraq

Al-Jubouri wrote on his account on the "Twitter" website and followed him "Gilgamesh Press," saying, "Finance Minister Abdul-Amir Allawi announced that Iraq obtained a three billion loan from Saudi Arabia to cover the salary deficit

He added, "Note ... the amount of salaries that are paid to the so-called political and Al-Rafhawi prisoners annually is more than this amount

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LINK

Iraq collects Gulf financial aid to pay the salaries of its employees

 

23rd May, 2020

Quoted by French government news agency, on Saturday, that Iraq is collecting aid from Gulf countries to secure payment of the salaries of its employees.

"The Iraqi Finance Minister, Ali Allawi, who is also performing the functions of the acting oil minister, will also visit Kuwait and the Emirates to collect financial aid," said the Iraqi government official, who was not named by AFP.

Another official pointed out that "Iraq needs the largest possible amount of liquidity to be able to pay the salaries of eight million civil and retired employees who earn about four billion dollars a month." And the Iraqi Finance Minister, Ali Allawi, began a Gulf tour yesterday, Friday, in an effort to secure amounts that the country avoids paying the salaries of millions of employees in the aftermath of the collapse of crude oil prices.  Allawi met the Saudi finance, energy and foreign ministers in Riyadh, and appealed to them "for urgent financial support to Iraq so that the government can fulfill its promises to its employees."

Iraq, the second largest oil producing country in OPEC, stands on the brink of a financial disaster that may lead it to take austerity measures, between low crude prices and the Covid epidemic-19, especially as its economy depends more than 90 percent on oil revenues, which have decreased five times during one year. Iraq still depends on its draft budget for 2020, which it has not yet voted on, on an expected price of oil of $56 a barrel.

The second official said, "The previous government was even considering asking Kuwait to grant a deadline to Baghdad, which pays it monthly compensation for its invasion of Saddam Hussein's forces in 1991." He added, "It is very likely that (Prime Minister Mustafa) Al-Kazemi will make his first trip to the Gulf, as he is known for his closeness and personal relationship with the Saudi Crown Prince Muhammad bin Salman." 

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Iraqi Minister of Finance in the Gulf ... and an appeal for urgent financial support

23rd May, 2020

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The CNN Editorial Board (Led By Forrest Gump) Says That These Next Two Articles Go Together !  

 

 

     

 

LINK

From Saudi Arabia .. Allawi announces the abandonment of importing gas and electricity from Iran

 

23rd May, 2020

Finance Minister Ali Abdul-Amir Allawi announced, on Saturday, that he would give up importing gas and electricity from Iran

Allawi said in a tweet on Twitter, "In implementation of the decisions of the US Treasury, we have decided to abide by not extending the exemption granted to Iraq from the sanctions imposed on the import of gas and electricity from Iran

This tweet was written by Allawi during the visit to Saudi Arabia, and comes hours after he announced an agreement to activate the electrical connection between Iraq and Saudi Arabia

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Finance Minister: Agreement to activate the electrical connection between Iraq and Saudi Arabia

 

23rd May, 2020

Finance Minister Ali Abdul-Amir Allawi announced, on Saturday, an agreement with Saudi Energy Minister Abdul Aziz bin Salman, to activate the electrical connection between Iraq and Saudi Arabia

Allawi wrote in a tweet on Twitter: "During my meeting with Prince Abdulaziz bin Salman, it was agreed to activate the electrical connection between Iraq and Saudi Arabia, and to develop the energy market in addition to investment and participation in financing projects for the generation, transmission and distribution of electrical energy (renewable and conventional) in Iraq
 
It is noteworthy that the Finance Minister Ali Abdul-Amir Allawi arrived in Saudi Arabia yesterday, Friday, on a visit that he said includes three axes to develop relations between the two countries

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Parliamentary finance expects to bypass the crisis for a limited period if the barrel of oil reaches 40 dollars

 

 

17:25 - 05/23/2020

 

Member of Parliamentary Finance Committee Ahmed Rashid confirmed, on Saturday, that the financial crisis in Iraq will continue even if oil prices reach $ 40 a barrel, considering that this price will go smoothly, but for a short time.

Rashid said to the "information" that "the price of a barrel of oil, if it reaches 38 dollars, then Iraq will have 31 dollars, and this means that Iraq must fulfill its obligations such as paying the interest of loans amounting to 16 trillion and 13 trillion licensing rounds."

He added, "Iraq is facing the continuation of the financial crisis even if the price reached 40 dollars a barrel," considering that "this price will delay the crisis for a short and specific period." 

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In the document .. The Kurdistan government approves the Baghdad proposal to settle the financial situation

 

23rd May, 2020
 

The Ministry of Finance of the Kurdistan Region announced today, Saturday, its approval of the content of a letter sent by Federal Minister of Finance Ali Allawi on May 19th, which included four proposals for a financial settlement between Baghdad and Erbil

According to the document, obtained by "Gilgamesh Press", "The proposed steps include the payment of 400 billion dinars for the month of April by the Ministry of Finance to the Kurdistan region, in addition to entering intensive meetings between representatives of the two governments for the purpose of agreeing to a final settlement within a period of not more than 30 days And adopts the Federal Financial Management Law as the basis for it

In response to this document, the provincial finance minister, Awat Sheikh Janab, sent a letter to Allawi's Minister of Finance, saying, "The Kurdistan Regional Government confirms its approval of the content contained in your book

The Kurdistan Regional Council of Ministers announced earlier that the federal government had verbally agreed to send 400 billion dinars to the Kurdistan region

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In the document .. The Kurdistan government approves the Baghdad proposal to settle the financial situation

 

 

 

05/23/2020 16:43:58

 

 

The Kurdistan Regional Government approved the Baghdad proposal to settle financial matters between the two parties.

According to the document issued by the Ministry of Finance in the Kurdistan region, {Al Furat News} obtained a copy of it as “a reference to your books No. 802 dated 19/5/2020 that the Kurdistan Regional Government of Iraq confirms its approval of the contents contained in your book.” 

The Federal Ministry of Finance, President of the Kurdistan Regional Government, Masroor Barzani, addressed four principles for settling the financial situation between the federal government and the regional government.

According to a book directed by the Minister of Finance Ali Abdul Amir Allawi, to Barzani, {Al Furat News} obtained a copy of it “For the purpose of settling the financial situation between the federal government and the region’s government and for the purpose of implementing the Federal Financial Management Law No. 6 of 2019, we see the adoption of the principles listed below in preparation for their fundamental implementation".

Included the proposed steps in accordance with the document "pay 400 billion Iraqi dinars for the month of April by the Ministry of the Kurdistan region, as well as entering intense between representatives of the two governments for the purpose of agreeing on a final settlement within a period not to meetings of more than 30 days, and based Administration Act Financial Federal basis.

As the Federal Office of financial supervision in coordination with the Federal Ministry of Finance and the Office of financial supervision in the region calculates the non - oil revenues for the region and audited. The document, dated 19 May of this that subsequent payments financing for the month of April being after the implementation of the agreement, which will result Alajtmaat.

                  

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The Minister of Finance reveals the number of aliens in the country and warns of an economic collapse with this step

 

 

05/22/2020 23:45:06

 

 

The Minister of Finance, Ali Abdul-Amir Allawi, revealed the number of (space) employees in the Iraqi state and are receiving salaries.

The term "aliens" has spread in the past few years in Iraq, especially in the security establishments, a reference to those who donate their salaries to their officials in exchange for absenteeism from long periods of duty or fake names to receive their salaries without actually being present on the ground as a phenomenon of corruption.

Allawi said in a televised statement, that "50 to 100,000 space workers receive government salaries, and a large proportion of government jobs are unproductive and a country overgrown with higher degrees, many of which are useless." And that "a lot of government resources went out and there are looted amounts in Lebanon, Oman, Dubai, and others, which are money looted with millions of dollars of Iraqi people's money, and we will look at these financial assets and recover them certainly not easy for political and legal obstacles."

Allawi stressed that "the country has become overstaffed with employees and there are no resources for appointment or contracting," noting that "the reduction of higher salaries will be 50%, while saving will decrease with lower and lower job grades." The Finance Minister explained that "to fully secure salaries, we need a barrel price of $ 55, and the oil market prices cannot be expected and all indications that oil prices do not exceed $ 40-45 as the best case, and this after about two years." "We are now living in a collapse in the demand for oil, but it has begun to increase and grow recently, and we need the solidarity of the people and the financial condition in the government of Haider al-Abadi is much better than this government." He pointed out that "it is possible to obtain a loan from the International Monetary Fund within two months at about two billion dollars quickly, while the World Bank is not funded as operating loans but for investment projects and this is what we will work on and accelerate to obtain loans."

Allawi revealed, "We started contacting neighboring countries to stimulate them and contribute to revitalizing the Iraqi economy through investment and the private sector." The Minister of Finance stressed "the necessity of forming a committee or a central contract committee to prevent corruption, withdraw these powers granted to governors and governorate councils previously, and return them to ministries or the Prime Minister and achieve this quickly."

Allawi warned of the danger of printing currency on the Iraqi economy. And between "printing money in Iraq without controls, there may be a collapse of the currency against the dollar, as happened in Lebanon, and there will be great pressure on the central bank in the coming period with the continuation of the financial crisis, but we did not think about printing the currency, which is a wrong choice."
 

He added that "the security ministries and electricity consumes a large percentage of the financial budget," noting that "95% of the people do not pay electricity bills and citizens consider energy as a gift to him".

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LINK

Finance: Wrong budgeting method .. New numbers added every year

 

 

23rd May, 2020

The Ministry of Finance confirmed, on Saturday, that the budget method is wrong and lacks the economic and realistic view and vision, which is a collection of numbers and every year added new numbers.

Finance Minister Abdul-Amir Allawi said, "The way to draw the budget is wrong and lacks the economic and realistic view and vision, which is about adding numbers and every year new numbers are added to it," noting that "the budget problem is great because of salaries, allocations and state expenditures related to legal benefits, where laws are enacted Without taking its financial impact, such as increasing salaries, increasing the social network, increasing benefits, or retirement and all these things are reflected in the budget.

He added, "We should not count on high oil prices and depend on resources and self-possibilities as it is a major axis of the economy." He pointed out that "the government is now running the budget on the basis of the 2019 budget and divided into twelve months. the prices".

And Allawi said that "Iraq does not have safety valves such as those in the Gulf, which drives the government to deal with international institutions such as the International Monetary Fund and the World Bank, but the IMF has a kind of immediate support based on technical measures, which may require months, while the financial problem we have requires Processing is very fast."

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Finance Minister: We will work to reduce the higher salaries and resort to savings to the fifth degree

 

 

05/22/2020 22:38:31

 

 

Today, Friday, Finance Minister Ali Abdul Amir Allawi revealed the categories covered by reducing salaries, while specifying the deduction mechanism and ways to reduce it or withdraw it saving.

Allawi said in a televised meeting, "The government will determine the priorities of the crushed and poor class and that any reduction in salaries will not include employees, or retirees at lower levels who receive a salary of 500 thousand dinars or less," noting that "the rest of the other groups that consume half the budget with high salaries will be Included in treatment and reduction." He added that a waste represented in the allocations of the higher grades would be covered by the reduction, noting that "the group close to the fifth degree will try to reduce the damage to it by reducing the reduction or withdraw it saving and link it to health or housing insurance or health insurance."

He pointed out that "the method of drawing the budget is wrong and lacks the economic and realistic view and vision, which is a collection of numbers and every year new numbers are added to it," noting that "the budget problem is great because of salaries, allocations and state expenditures associated with legal benefits, where laws are enacted without taking their financial impact, Such as increasing salaries, increasing the social network, increasing benefits, or retirement and all these things are reflected in the budget." He continued, "We should not count on the rise in oil prices, and we must rely on resources and self-possibilities as it is a major axis of the economy." the prices".

And Allawi said that "Iraq does not have safety valves such as those in the Gulf, which drives the government to deal with international institutions such as the International Monetary Fund and the World Bank, but the IMF has a kind of immediate support based on technical measures, which may require months, while the financial problem we have requires Very fast processing."

Allawi pointed out that "solutions exist in spite of a fundamental error in the structure of the Iraqi economy, this error is reflected on the budget as a whole," noting that "there are some institutions still sound like the central bank and the central bank reserves are 65 billion dollars, which is good, and in this Unusual circumstances require concerted efforts, including institutions, in general they must take a conservative stance against interference in the economic and financial affairs of the country, stressing that “there is supposed to be a unified account for all the state’s money, but there are pockets out of control in which billions exist, and there are accounts Trillions of some ministries."

He noted that "the government does not want to finance salaries only, as there are state expenditures that must be taken into account, such as external debts linked to schedules and have contractual implications, and other issues including necessary security purchases and others related to the ration card and other budget items", explaining that "the problem in operational budgets is She has no resources." He explained that the crisis began in March and April, so the surplus in the country was allocated to cover salaries, including retirees, for the fourth, fifth and sixth months, while keeping partial liquidity at the ministry representing a safety valve, adding that any new government to start with an ideal start must have cash at least Ten trillion, but what was available at the beginning of the government’s taking over was only two and a half trillion.”

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They can't seem to figure out anything themselves except hold their hands out for money to anyone who is foolish enough to give it to them!  😕

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LINK

A deputy talks about 4 agencies that "loot" the state treasury, which the previous governments did not address!

 

23rd May 2020

 

Member of Parliamentary Finance Committee Jamal Kujer revealed, on Saturday, 5/23/2020, the presence of 4 parties, who said that they are looting Iraq’s treasury, pointing out that they are facades for some countries.

Cougar said in an interview with (Baghdad Today), that "the Minister of Finance's recent talk about the presence of pockets in the state, out of control, spending billions annually, is not a secret but rather a known and known matter to public opinion," stressing that "the problem in Iraq is diagnosed from a period that is not Few, but we need to adopt solutions to confront corruption with vigor and firmness and stop wasting money.”

Cougar added, "The most important files of corruption in the Iraqi countries are represented by border outlets, oil, currency sales, collection, economic offices, space and fictitious projects." The amount of money stolen because of the corrupt.”

Cougar pointed out that "there are 4 sides that plunder the treasury of Iraq, they are people, militias, parties and mafias, most of them are fronts for some of them from neighboring countries, and this explains the inability to address them by previous governments." Easier.”

The Finance Minister, Ali Allawi, said in a televised interview, that "there is supposed to be a unified account for all the state's funds, but there are pockets that are out of control with billions", confirming the existence of "trillions accounts for some ministries."

On a related front, a member of the House of Representatives revealed the alliance of Saireon, Riyad Al-Masoudi, about countries from which smuggled Iraqi money was transferred

Al-Masoudi said in an interview with him (Baghdad today), that "corruption in the country has reached an unbearable level, even if some people have built palaces of the Iraqi people's money

He pointed out that "Iraqi funds that have escaped from the country over the past years fill the UAE, Jordanian, Egyptian, and Turkish banks," stressing that "the recovery of these funds will contribute to building large infrastructure projects

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Al-Sudani: Hold the corrupt ones accountable before deducting the salaries of the employees

 

23rd May, 2020

Deputy Muhammad Shia'a Al-Sudani affirmed today, Saturday, that any deduction of employee salaries is unacceptable if not accompanied by strict procedures to hold the corrupt accountable.

Al-Sudani said in a tweet on "Twitter", that any deduction from the employees’ salaries will not be acceptable to the people unless accompanied by serious and strict procedures in accounting for the corrupt and reform" concrete in the collapsed economy."

Finance Minister Ali Abd al-Amir Allawi revealed the categories covered by the reduction of salaries, while specifying the deduction mechanism and ways to reduce it or withdraw it as a savings.

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54 minutes ago, DinarThug said:

The CNN Editorial Board (Led By Forrest Gump) Says That These Next Two Articles Go Together !  

 

Like 2 peas in a pod or 2 Bros in the sauna

 

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Hoshyar Abdullah calls the Minister of Finance to deal with employees of the region, just like the rest of the provinces

 

23rd May, 2020

Representative Hoshyar Abdullah expressed his optimism about the performance of the new Finance Minister Ali Allawi and his directions aimed at reducing the repercussions of the financial crisis, calling on him to deal with employees of the Kurdistan region, as he dealt with the rest of the employees of Iraq without discrimination.

Abdullah said today: “There is optimism in the performance of the Minister of Finance and I see that he is yet accurate in his proposals to reduce the repercussions of the financial crisis to a large extent, and therefore I see that his steps deserve support and support.”

He added: “We are waiting for him to look at the employees of the region as he looks at the employees of the rest of the provinces, knowing that there is an opportunity to resolve financial problems with the region constitutionally, and we must make this crisis an opportunity to implement radical financial reforms.” He stressed “the need for the region and center governments to solve their problems.” Far from prejudice to the salaries of employees.”

Abdullah addressed the Minister of Finance by saying: “We support you in lowering the salaries of the higher grades and cutting the huge petty cash for the three presidencies, canceling the extra administrative bodies and links, and preventing any manipulation of Iraq's imports from Zakho to Basra, there is hope for your performance and I hope that you will be responsible.”

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Iraq is discussing four files with the World Bank

 

23rd May, 2020
 

On Saturday, the Ministry of Planning revealed the most prominent files discussed with a representative of the World Bank

Planning Minister Khaled Battal said, according to the official news agency, "The meeting with the representative of the World Bank did not address the new borrowing, but rather was devoted to discussing the activation of development projects funded by the World Bank before the current financial and health crisis," noting that "the meeting also witnessed a discussion of available funds By the World Bank, Iraq

Battal added that "he also discussed with the representative of the World Bank some of the current problems between the bank and some sectoral ministries benefiting from the projects and how to solve them in light of the lack of approval of the budget law, which represents the legal cover for these projects

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Its consultant: The government borrowed three trillion dinars to secure the salaries of this month

               

 

23rd May, 2020

Today, Saturday, the economic advisor to the Iraqi government revealed that the latter resorted to borrowing three trillion dinars to secure employee salaries for the month of May.

Mazhar Muhammad Salih told Shafaq News, "The actual expenditures of the Iraqi government are more than seven trillion dinars per month, of which five trillion and 500 billion dinars are salaries for state employees, retirees and beneficiaries of social protection."

He added that "the financial liquidity and oil revenues and others do not pay the salaries and do not meet their insurance," stressing that "the government borrowed 3 trillion dinars from government banks to secure the salaries of this month."

The adviser to the Iraqi government, that "the financial benefit of the loans was five percent annually."

On May 19, the Iraqi Prime Minister, Mustafa Al-Kazemi, directed the release of the employees’ salaries for the month of May, and confirmed that the salary will be complete without deduction.

Referred to the federal budget in Iraq depends mainly on the export of oil, but because of the fears of the Corona virus, global oil prices tumbled towards $ 32 a barrel, causing a large financial deficit in the budget amid fears of the government's ability to secure employee salaries.

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Member of Parliamentary Finance presents a proposal that includes three steps to confront the economic crisis that Iraq is going through

 

 

Policy 05/23/23 13:46 2415 Editor: Zs    

Baghdad today - special

 

Member of the Parliamentary Finance Committee, Hanin Qaddo, confirmed on Saturday (May 23, 2020) that the Ministry of Finance is complaining about the lack of financial liquidity due to the continued decline in global oil prices, while he presented a proposal that includes three steps to confront the economic crisis in Iraq.

Qaddo said in an interview with him (Baghdad today), "The country's economic situation is very difficult due to the continued decline in world oil prices."

He added that "the Ministry of Finance complains of a lack of financial liquidity, therefore, which will reflect negatively on many of the joints of the task and necessary."

The member of the Parliamentary Finance stressed, "The need to reduce unnecessary expenditures, recover stolen money and reduce indiscriminate import."

A member of the Al-Nasr coalition, Aqil al-Rudaini, held earlier in the day the former Prime Minister, Adel Abdul-Mahdi, responsible for the "lack" of cash, which had been received by the new government.

Al-Rudaini said in an exclusive interview with (Baghdad Today), that "the former prime minister, Adel Abdul-Mahdi, was not following a clear plan," noting that "matters were not in the hands of Abdul-Mahdi, and left the matter management in the hands of any party that comes to him to hold him responsible." 

He explained, "Adel Abdul-Mahdi did not follow a clear economic plan that maintains cash liquidity and launched an increase in the disbursement of funds." 

He believed, "The handing of little cash liquidity by the government of Adel Abdul Mahdi was not intended to embarrass the new government, but the circumstances that occurred and poor planning led to a lack of liquidity."

He added, "The oil revenues are 2 trillion Iraqi dinars, while we need to pay salaries to approximately 6 trillion dinars," noting that "Al-Kazemi's moves began to reduce the high salaries in order to walk some things until important decisions concerning the interest of a country are taken." 

And Iraq is suffering from an economic crisis against the background of low oil prices, which was caused by the invasion of the country, and the economic consequences that followed.

link

[DinarThug]

8 hours ago, DinarThug said:

American State Department
Office of the Spokesperson - Morgan Ortagus

May 22, 2020

 

Minister Michael Pompeo's contact with Iraqi Prime Minister Mustafa Kazami

 

Comment from the US Secretary of State on the phone conversation with Al-Kazemi

2020.05.23 - 09:07

Baghdad - people   
 

On Saturday, US Secretary of State Mike Pompeo released details of the phone conversation he had with Iraqi Prime Minister Mustafa al-Kazemi.  

Pompeo said in a post seen by "People", (May 23, 2020), "A great conversation with the Iraqi Prime Minister, it is extremely important to start implementing the reforms demanded by the Iraqi people who deserve a government free from corruption, and responsible for their needs, committed to overcoming The economic crisis facing the country. "  

On Friday, Prime Minister Mustafa Al-Kazemi contacted US Secretary of State Mike Pompeo, during which they discussed the files of economic, political and security cooperation between the two countries.   

A statement of the media office of the Prime Minister, "NAS", received a copy of it (May 22, 2020), that "Al-Kazimi discussed with the US Secretary of State the global economic crisis and its impact on oil prices, and its impact on the Iraqi economy, and ways to address the repercussions of that."    

"They also discussed preparations to start a strategic dialogue between the two countries," he added.    

link

Edited May 24, 2020 by DinarThug

[HowieC]

The President and the Crown Prince of Abu Dhabi affirm the development of relations between the two countries

 

Baghdad today - Baghdad

On Saturday, President of the Republic Barham Salih and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan emphasized the development of relations between the two countries.

In a statement, the Presidency of the Republic said, "President Saleh made a telephone conversation with the Crown Prince of Abu Dhabi, Deputy Supreme Commander of the Armed Forces, Sheikh Mohammed bin Zayed Al Nahyan, on the occasion of Eid Al Fitr.

The President of the Republic expressed his "sincere congratulations and best wishes for the Crown Prince of Abu Dhabi and for the brothers in the UAE more progress and prosperity."

In turn, His Highness Sheikh Mohammed bin Zayed congratulated the President on the occasion of Eid Al Fitr, wishing the Iraqi people more stability, safety and prosperity.

During the phone call, emphasis was also placed on developing relations between the two countries in a manner that serves the stability of the region and the safety of its people, according to the statement.

وكالة بغداد اليوم الاخبارية

 

baghdadtoday.news

 

رئيس الجمهورية وولي عهد أبوظبي يؤكدان على تطوير العلاقات بين البلدين

[HowieC]

The Kuwaiti and Iraqi finance ministers discuss joint cooperation
Sun, 24 May 2020 03:50

 

Kuwaiti Minister of Finance Barak Al-Shitan discussed with Deputy Prime Minister and Minister of Finance and Acting Minister of Oil in Iraq, Ali Allawi, ways to enhance bilateral relations between the two countries in the fields of investment, economic and development.

The Kuwaiti Finance Ministry said in a press statement today, Saturday, that during the meeting, a number of issues of common concern were discussed, in light of the current changes at the regional and global levels, and the repercussions of the regional and international economy regarding the repercussions of the emerging Corona virus (Coved 19).

She noted that the meeting was held in the presence of the Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah, the managing director of the Kuwait Investment Authority General Farouk Bastaki, the deputy general manager of the Kuwait Fund for Arab Economic Development for Operations Affairs Marwan Al-Ghanem, the assistant undersecretary for economic affairs Abdul Mohsen Al-Tayyar, and the assistant foreign minister for office affairs Deputy Minister, Ayham Al-Omar, and Minister Plenipotentiary of the Iraqi Embassy in Kuwait, Muhammad Al-Husseini.

 

 

https://www.youm7.com/story/2020/5/24/وزيرا-المالية-الكويتى-والعراقى-يبحثان-التعاون-المشترك/4790439?fbclid=IwAR3w2SJKBdnCXIFD2bQuvh1YArZlucJDU1ovv9KR28qOnvjvM65ZX3m8MVQ

[6ly410]

Iraq’s Minister of Finance visits Kuwait for talks on economic cooperation, investment

 

 24 May 2020 - 11:19 am https://gds.gov.iq/iraqs-minister-of-finance-visits-kuwait-for-talks-on-economic-cooperation-investment/

 

Iraq’s Minister of Finance, Ali Allawi, arrived in Kuwait on Saturday for talks with senior officials.

Mr. Allawi held discussions with the Prime Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, on bilateral relations and delivered a written message from Prime Minister Mustafa Al-Kadhimi.

He also held talks with the Minister of Finance, Barrak Al-Shitan, the Minister of Oil, Khaled Al-Fadhel, the Deputy Foreign minister, Khaled Al-Jarallah and other senior Kuwaiti officials.

The discussions focused on taking forward and implementing the decisions of the International Conference for the Reconstruction of Iraq held in Kuwait in February 2018, linking the electricity grids of the two countries, and rescheduling Iraq’s compensation payments to Kuwait.

The two sides also discussed encouraging Kuwaiti investment in Iraq, especially in the commercial and industrial sectors, and in infrastructure.

Mr. Allawi earlier visited Saudi Arabia where he held talks with Saudi officials on deepening economic and commercial and cooperation.