Iraq desperately needs an international financial alliance

[Mary B]

Saleh told "Al-Eqtisad News": Iraq desperately needs an international financial alliance

 

Financial advisor, Dr. Mazhar Muhammad Saleh

Economy News - Baghdad The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed that Iraq desperately needs an international financial and economic alliance to help it in the current financial crisis. In Britain, during Al-Kazemi's visit, he announced the formation of the Economic Contact Group for Iraq, which is a financial alliance that includes the Group of Seven, the International Monetary Fund, the World Bank, the Central Bank of Iraq, the Ministry of Finance and the Parliamentary Finance Committee. Salih said in his speech to "Al-Eqtisad News", " Iraq, due to the Corona pandemic, the crisis of its oil resources, and its harmful repercussions on the national economy, is in dire need of an international financial and economic alliance from the great countries, similar to the statement of the Tokyo Summit of the Seven Big Countries in May 2016, which supported Iraq economically in May 2016." Confronting its economic crisis and fighting ISIS terrorism . " He added that the former financial alliance was formed at the 2016 Tokyo conference to support Iraq financially and economically to face the deficit in the general budget and the balance of payments due to the deterioration of oil prices 2014-2017. On that day, Iraq signed a credit-readiness agreement with the International Monetary Fund ( SBA). The fund pledged to provide a loan of 5.2 billion dollars, as well as the World Bank. 3 billion dollars to support the budget, then the Kuwait Conference for the Reconstruction of Iraq was held. In addition to the grants provided by the European Union and others through the United Nations for the reconstruction of areas liberated from terrorism . "

Number of observations 52   Date of addendum 10/27/2020 https://economy-news.net/content.php?id=22408

[Mary B]

Raise 4 thousand names exceeding the salaries of social assistance in one governorate only!

2020-10-27

Yes Iraq: Baghdad

The Social Protection Network Department in Dhi Qar Governorate revealed the completion of the lifting of more than 4000 names that exceeded the benefits of the Social Protection Network, and the recovery of more than 560 million dinars.

 

The director of the department, Nawfal Al-Mawzan, said in a press statement that these procedures were carried out within two months from mid-August to mid-October, while the department continues with procedures to complete the lifting of the names of the transgressors completely.

 

He pointed out that most of the transgressors are civil servants in different departments, as well as the military and security personnel, explaining that the legal procedures in place are to provide the transgressors with an official letter to their departments to confirm their commitment to it and work to complete the clearance after retrieving the sums they owed.

https://yesiraq.com/رفع-4-الاف-اسم-متجاوز-على-رواتب-الاعانة/

[Mary B]

Parliament: The next stage is the most difficult for Iraq, economically and financia

 

Parliament: The next stage is the most difficult for Iraq, economically and financia

 2020-10-27 08:53

 

Shafaq News / The Iraqi parliament confirmed, on Tuesday, its keenness to expedite the coverage of salaries of employees and retirees, procedures and contracts, warning of an economic and financial "difficult" future stage.
The office of the First Deputy Speaker, Hassan al-Kaabi, said in a statement received by Shafaq News, "The latter chaired today, an expanded meeting of the Parliamentary Finance Committee, to discuss the provisions of the draft law on financing the financial deficit transferred by the government, as well as shedding light on what was mentioned in the white paper. Of economic reforms. "
The statement quoted Al-Kaabi as saying, "The next stage is the most difficult for our country, Iraq, in economic and financial terms, and this is what forces everyone to pass it in a scientific and thoughtful way without affecting the citizen's life, livelihood and source of income."
Al-Kaabi stressed, "The House of Representatives was keen to expedite covering the salaries of employees and retirees, social care, procedures and contracts."
He pointed out that "the legislative and executive authorities are partners in the task of finding appropriate solutions to overcome this crisis, which we must take advantage of to search for treatments and sober solutions, whether temporary solutions related to a financial crisis or solutions related to future economic growth."
The deputies addressed, according to the statement during the meeting, "the most important thing in the aforementioned draft law, demanding that there be numerical data that clarify some details of spending and the size of the total deficit, so that they can be studied before the law is approved in its final form."

https://shafaq.com/ar/اقتصـاد/البرلمان-المرحلة-المقبلة-هي-الاصعب-على-العراق-اقتصاديا-وماليا

[ronscarpa]

6 hours ago, Mary B said:

Saleh told "Al-Eqtisad News":

Iraq desperately needs an international financial alliance

 

 

Thanks Mary B for this and the two other articles that followed ... RON