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The Economic Contact Group will accelerate the implementation of economic reforms


yota691
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Economic expert Aqeel Al-Ansari. "Internet"
  

 money and business


Economy News - Baghdad

The economic expert, Aqeel Al-Ansari, said that the formation of the Economic Contact Group for Iraq will contribute to the implementation of economic reforms in Iraq.

He added in a statement to "Al-Iqtisad News" that "the group's role lies in helping the Iraqi government to draw a roadmap to get out of the economic predicament that it is experiencing, as a result of the outbreak of the Corona virus and the low oil prices."

He added, "The importance of the group also relates to that it is a contact group and not a financial or economic alliance, meaning that they will not provide loans like the Kuwait Donors Conference."

"It is hoped that the group will monitor the progress of reforms, provide advice and expertise that is lacking in Iraq, and mobilize the international community to help it and bring it closer to international or legal accounting firms," Al-Ansari said.

He pointed out that "the periodic meeting of the group, every three months, will push all the parties to implement what they have agreed upon and to progress according to the drawn road map."

He added that "the international community is represented in this group by the World Bank and the Monetary Fund, as well as the Group of Seven, which gives an indication that the international community is morally committed to helping Iraq out of this ordeal and build a better future."

 
 
Number of observations 574   Date of addendum 11/25/2020
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3 hours ago, Laid Back said:

World Bank, International Monetary Fund, G7 helping Iraqi government to draw a roadmap to get out of the economic predicament that is experiencing.

 

Go Iraq

Go development 

Go economic growth 

Go RV



 

 

You can lead a horse to water but they still won't follow a road map no matter how many times it is drawn up.

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10 hours ago, yota691 said:
 
24546.gif
Economic expert Aqeel Al-Ansari. "Internet"
  

 money and business


Economy News - Baghdad

The economic expert, Aqeel Al-Ansari, said that the formation of the Economic Contact Group for Iraq will contribute to the implementation of economic reforms in Iraq.

He added in a statement to "Al-Iqtisad News" that "the group's role lies in helping the Iraqi government to draw a roadmap to get out of the economic predicament that it is experiencing, as a result of the outbreak of the Corona virus and the low oil prices."

He added, "The importance of the group also relates to that it is a contact group and not a financial or economic alliance, meaning that they will not provide loans like the Kuwait Donors Conference."

"It is hoped that the group will monitor the progress of reforms, provide advice and expertise that is lacking in Iraq, and mobilize the international community to help it and bring it closer to international or legal accounting firms," Al-Ansari said.

He pointed out that "the periodic meeting of the group, every three months, will push all the parties to implement what they have agreed upon and to progress according to the drawn road map."

He added that "the international community is represented in this group by the World Bank and the Monetary Fund, as well as the Group of Seven, which gives an indication that the international community is morally committed to helping Iraq out of this ordeal and build a better future."

 
 
Number of observations 574   Date of addendum 11/25/2020

Implementation of economic reforms? I hope this time iraq don't just talk talk talk again, but really do it to what they say ( more action ). Wake up iraq, don't sleep too long. If iraq sleeps too long, someone will eat you alive ( your currency will not be the strongest one ). How many years do you think does iraq need to do the economic reforms? 100 years. I hope not. The sooner the better. Come rv.

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7 hours ago, Theseus said:

You can lead a horse to water but they still won't follow a road map no matter how many times it is drawn up.

You’re right Theseus.... We continue waiting.!

Looks to me that Al kazemi have a good grip of the situation.

Happy Thanksgivings.!

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BTW Iraq already had a roadmap on what they had to do with the last IMF SBA. How many times do people have to draw up a road map for Iraqi's? Take the 2016 SBA agreement, apply what was said before it expired and apply it to Iraq. Some they are already doing. Lets not get into analysis paralysis which is what is currently being proffered. They can analyze and come up with 20  thousand plans but if they aren't going to implement a single on e of them because of corrupt politicians then go the way of the dodo bird and just let Jordan have all of your oil, minerals and gold. They will probably put it to better use than lining he pockets of the corrupt.

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