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International Monetary: Iraq has witnessed economic progress in recent years


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The information / Baghdad ..
The International Monetary Fund announced, on Thursday, that Iraq has witnessed progress in recent years to make room for access to budget and fiscal information.
The Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour, said in an article published by Al-Sharq Al-Awsat newspaper, which was reviewed by the information, that “Governance reforms and combating corruption are necessary to rebuild better after the crisis and to stimulate a strong and sustainable recovery.” .
He stressed “the importance of improving governance and reducing corruption in order to promote growth; As these factors lead to better economic results and sustainable macroeconomic stability by making the use of public resources and providing government services more effective, and also by enhancing investor confidence and competitiveness.
Azour noted that "effective government and tax institutions can enhance social cohesion, and ensure that the returns to growth will be better and more participatory distributed among all components of society."
He affirmed that “Saudi Arabia, Egypt and Iraq have made progress in recent years in providing more room for access to budget and fiscal information, while Tunisia provided a good example on how to involve citizens in the budget preparation process by enabling them to provide feedback on how to use the opinions of the public during the sessions. Legislative. End / 25

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Information / translation ...

A report by the International Monetary Fund affirmed that tackling corruption is a key to improving economic growth in the Middle East, and that a sustainable recovery from the economic effects of the Coronavirus epidemic cannot happen without strong governance frameworks by governments.

"Reforms to improve economic governance and reduce exposure to corruption are essential to foster higher and more inclusive growth in the Middle East and Central Asia," the British website The National quoted the report translated by Al-Maaloumah.

"Fighting corruption and improving governance is always a priority and it takes time to achieve these goals, but we cannot imagine a strong and sustainable recovery after Corona without these frameworks," said Jihad Azour, Director of the Monetary Fund for the Middle East and Central Asia.

He added, "The latest forecast indicates a growth of 2.2 percent in the Middle East this year, after the expected contraction of 5 percent last year as a result of the epidemic."

The IMF report stated that “the Middle East region is registering lower levels of its global theories in the field of anti-corruption, and although many countries have made progress in improving governance, there is still a lot to be done to reach higher levels of confidence in general. “.

Azour stated that “there are major contradictions among the countries of the region, as some have greatly improved governance, such as introducing laws to ensure the independence of the central bank, and there is also a discrepancy between every national“ operating system ”that governs the rules and regulations that determine behavior within the market.

The report continued that “many countries in the region were already facing pressures as a result of low oil prices, while Adil Malik, Associate Professor of Development Economics at the University of Oxford, said that“ With the spread of Corona virus, countries such as Algeria, Lebanon and Iraq have witnessed protests against corruption, ”referring to “The epidemic provides the countries of the region with the opportunity to direct social spending more efficiently and develop new types of programs and interventions that can have a lasting impact.”

The fund’s report recommended “providing the public with greater access to budget information, introducing better procurement practices and improving oversight over state-owned companies and sovereign funds. It also stressed the importance of strong governance in the financial sector, including better implementation of anti-money laundering and counter-terrorist financing rules.” End / 25 z

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Yes Iraq: Baghdad

 

The International Monetary Fund announced, on Thursday, that Iraq has witnessed progress in recent years to make room for access to budget and fiscal information.

"Governance reforms and combating corruption are necessary to rebuild better after the crisis and to stimulate a strong and sustainable recovery," Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund, said in an article published by Asharq Al-Awsat newspaper.

He stressed “the importance of improving governance and reducing corruption in order to promote growth; As these factors lead to better economic results and sustainable macroeconomic stability by making the use of public resources and providing government services more effective, and also by enhancing investor confidence and competitiveness.

"Effective governmental and tax institutions can enhance social cohesion, and ensure that the returns to growth will be better and more participatory distributed among all components of society," Azour noted.

He affirmed that “Saudi Arabia, Egypt and Iraq have made progress in recent years in providing more room for access to budget and fiscal information, while Tunisia provided a good example on how to involve citizens in the budget preparation process by enabling them to provide feedback on how to use the opinions of the public during the sessions. Legislative ”

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Farid Belhadj - Vice President of the World Bank for the Middle East and North Africa. "Economy News"
  

 Arab and international


Economy News - Baghdad

On Thursday, a senior World Bank official described the economic situation in North Africa and the Middle East as "very poor" due to the Corona pandemic, which coincided with a significant drop in oil prices, which exposed the economy to two strong blows.

Farid Belhadj, Vice President of the World Bank Group for Middle East and North Africa Affairs, told Al-Sharq News, followed by Al-Eqtisad News, that some countries in the region have carried out reforms at the level of monetary policy and supported the private sector, but there is a disparity in the capabilities of countries in the region. Some of them lack the necessary capabilities to confront the repercussions of the pandemic.

Belhadj explained that the World Bank granted more than one billion dollars to the countries of the region, especially the weak economy, and the last financing was in favor of Lebanon 48 hours ago, as the bank granted 246 million dollars to help the poor, as the poverty rate in Lebanon increased to an unprecedented degree and exceeded 45%.

 

10 years into the Arab Spring


The World Bank official said that ten years ago, the Arab peoples came out with great optimism to achieve political freedoms, but at the level of economy and social integration, the results were unsatisfactory, as the GDP in the Middle East and North Africa is currently equivalent to 50% before the Arab Spring.

He called on the governments of the region to rise to another level of reforms, especially granting greater potential to the private sector, as they need to create more than 800,000 jobs per month, which is difficult and cannot be absorbed by the public sector, which means that the private sector must be allowed to work and grow. And to participate in providing the job opportunities that youth in the region need.

 

The state and the private sector


Belhadj believed that the role of the state should be limited to laying down a legal framework for the work of the private sector. The state does not have to compete with it, but rather organize work, open the doors and leave it to work within its jurisdiction.

In Morocco, for example, its economy was opened to the world and the private sector more than other countries, and Egypt also followed the path of structural reforms, especially in support and monetary policies, which reflected positively on its economy, according to the Vice President of the Middle East and North Africa Group at the World Bank.

Belhadj considered the Gulf reconciliation to be good news for the region’s leaders, as it has the least possible economic and commercial integration. Therefore, reconciliation will be a catalyst for positive interaction, and he expressed his hope that it would give a new impetus to the economy not only in the Gulf but in the region as a whole.

 
 
Number of observations 145   Date added 01/14/2021
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International Monetary Fund: Great ambiguity surrounds the outlook for the global economy

01/19/2021027
Urgent
 

 

Rasheed - follow up

The Director of the International Monetary Fund, Kristalina Georgieva, indicated today, Tuesday, that "great ambiguity still surrounds the outlook for the global economy due to the Corona virus pandemic, considering that the growing inequality between rich and poor countries requires the Fund to find more resources."

Georgieva pointed out that "a new distribution of the fund’s currency, the special drawing rights, will help give countries more financial space to face the health crisis and transform into a digital and green economy," according to Reuters news agency.

For her part, Swedish Finance Minister Magdalena Anderson, who is the new chair of the International Monetary Fund's Steering Committee, said, "It is clear that the need for liquidity is still great," revealing that she will consult with member states on options to increase liquidity.

 
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 2021-01-24 10:51
 

Shafaq News / The American "Bloomberg" website quoted Iraqi Finance Minister Ali Allawi as saying that Iraq is in talks with the International Monetary Fund to obtain a loan of 6 billion dollars to support its exhausted economy.

 

Iraq, the second largest oil producer in OPEC, suffers from an expected deficit in its budget of 71 trillion dinars ($ 49 billion).

And "Bloomberg" quoted Allawi, in a report translated by Shafaq News, as saying that if the spending plan in the budget is approved by the Iraqi parliament, then Baghdad will be able to apply for a quick loan of two billion dollars through a special mechanism in the IMF dedicated to supporting the economies of countries. Suffering from the repercussions of the Corona pandemic.

Baghdad could also request $ 4 billion in a diluted loan through another program linked to government reforms, Allawi indicated.

According to "Bloomberg", the assistance that can be provided by the International Monetary Fund can not cover only a small part of the Iraqi deficit, but it can mitigate the loss of more financial reserves in foreign currency.

Last year, the government borrowed more than $ 25 billion from the central bank to pay government employee salaries and commit to other financial dues. Also, the Baghdad government took a decision to devalue its currency to alleviate the pressure on its finances, and concluded a contract with a Chinese company to guarantee "prepayment" for an amount of two billion dollars, using oil as collateral for the loan.

Iraq plans to pursue other plans in order to obtain financing to reduce the gap in the budget. According to Allawi, once the spending plan is approved in the budget, the government will move to issue domestic bonds worth five billion dollars to expand its financial base.

Allawi said that international loans are expensive in some way, and I do not know if there is an appetite to buy Iraqi bonds.

The Iraqi minister indicated that Baghdad will adhere to its specific quota in OPEC because that helps reduce the risk of a price collapse, praising Saudi Arabia’s sudden decision to reduce its production this month, which helped oil prices rise.

It is possible that the budget deficit will shrink by 25 percent this year if oil prices maintain their current ceiling at $ 55 a barrel, according to what Allawi indicated.

 

The International Monetary Fund expects the Iraqi economy to decline by 12% in the year 2020, which is more than any other member of OPEC.

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Iraq is plunging into more debt ... New talks to borrow $ 6 billion

 

  •  Yesterday, 17:47
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Baghdad - IQ  


Finance Minister Ali Allawi said that Iraq is in talks with the International Monetary Fund to obtain a $ 6 billion loan to support its "faltering economy."

Iraq, the second largest oil producer among OPEC countries, expects a deficit in the 2021 budget of 71 trillion dinars (9 billion dollars), according to Bloomberg. 

Bloomberg quoted Allawi as saying that, "Once parliament approves the budget and spending plan, Iraq can apply for two billion dollars in the form of rapid financing from a special mechanism launched by the International Monetary Fund to help economies suffering from the Corona crisis." 

Allawi added, "Baghdad could request additional billions of dollars in the form of low-cost loans through another program linked to government reforms." 

Allawi said, "The International Monetary Fund's loans will not cover only a small part of the deficit, but it may reduce Iraq's depletion of its foreign reserves." Other financial. " 

He explained, "Iraq plans to rely on other financing tools to help bridge the gap," indicating that "the government will also move to issue domestic bonds worth $ 5 billion  once the budget is approved." 

Regarding the issuance of international bonds, Allawi said, "International loans are somewhat expensive. I do not know if there is a desire to buy Iraqi bonds. Returning to these markets now is a bit difficult."

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6 minutes ago, yota691 said:

Iraq is plunging into more debt ... New talks to borrow $ 6 billion

 

  •  Yesterday, 17:47
  •  
  •  
  •  424

upload_1611499651_1372344069.jpg

 

 

 
Baghdad - IQ  


Finance Minister Ali Allawi said that Iraq is in talks with the International Monetary Fund to obtain a $ 6 billion loan to support system" rel="">support its "faltering economy."

Iraq, the second largest oil producer among OPEC countries, expects a deficit in the 2021 budget of 71 trillion dinars (9 billion dollars), according to Bloomberg. 

Bloomberg quoted Allawi as saying that, "Once parliament approves the budget and spending plan, Iraq can apply for two billion dollars in the form of rapid financing from a special mechanism launched by the International Monetary Fund to help economies suffering from the Corona crisis." 

Allawi added, "Baghdad could request additional billions of dollars in the form of low-cost loans through another program linked to government reforms." 

Allawi said, "The International Monetary Fund's loans will not cover only a small part of the deficit, but it may reduce Iraq's depletion of its foreign reserves." Other financial. " 

He explained, "Iraq plans to rely on other financing tools to help bridge the gap," indicating that "the government will also move to issue domestic bonds worth $ 5 billion  once the budget is approved." 

Regarding the issuance of international bonds, Allawi said, "International loans are somewhat expensive. I do not know if there is a desire to buy Iraqi bonds. Returning to these markets now is a bit difficult."

2020-12-25 | 02:42
The International Monetary Fund comments on the reduction of the Iraqi dinar and the 2021 budget
 
 
24,635 Views
 

On Friday, the International Monetary Fund welcomed the approval of the Iraqi Council of Ministers to the 2021 budget bill, while it considered implementing important financial reforms and reducing the currency exchange rate as "very important" steps.

The Iraqi News Agency quoted a mission International Monetary Fund BIraq She said that she welcomes the "approval by the cabinet of the draft general budget bill for the fiscal year 2021," indicating that "a decisive re-calibration of economic policies must be made in order to maintain the stability of the economy."
 
The mission added that "implementing important financial reforms and reducing the currency exchange rate are very important steps."

And the mission continued: "We are ready to support system" rel="">support the reform efforts made by the Iraqi government."
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We are witnessing Iraq having entered the realm of the surreal .... my 17 year old granddaughter has been following this for 4 years now .... when she understood what granddad was as doing in this investment she became most interested-she’s a braniac-SHE bloody well knows what should be done AND she’s also exhausted with the endless games & :bs: going on.

She asks how could I have put up with this for 18 years and still no results ? Lithium darlin’ ...: Lithium... she laughed, she understood. 

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IMF: Iraq has requested emergency assistance and talks are underway

(Reuters)
January 25, 2021
03:32 AM
41   
 
The International Monetary Fund said late on Sunday evening that Iraq had requested emergency assistance from the fund and that talks were ongoing between the two parties.

Iraqi Finance Minister Ali Allawi told Bloomberg News earlier that Iraq was in talks with the International Monetary Fund to obtain a $ 6 billion loan package.


4 hours ago
"The Iraqi authorities have requested emergency assistance from the International Monetary Fund under the Rapid Financing Tool," a representative of the International Monetary Fund said in an e-mailed statement, and indicated their intention to request a long-term arrangement with the Fund to support the planned economic reforms.

He added, "Discussions are underway regarding the authorities’ request for emergency aid. "
 

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IMF says Iraq has requested emergency assistance, talks ongoing

By Kanishka Singh

2 MIN READ

Jan 24 (Reuters) - Iraq has requested emergency assistance from the International Monetary Fund and talks are ongoing between the parties, the IMF said late on Sunday.

Iraqi Finance Minister Ali Allawi told Bloomberg News earlier that Iraq was in talks with the IMF for a $6 billion loan package.

“The Iraqi authorities have requested emergency assistance from the IMF under the Rapid Financing Instrument, and indicated their intention to also request a longer-term arrangement with the Fund in support of planned economic reforms,” an IMF representative said in an emailed statement.

 

“Discussions of the authorities’ request for emergency assistance are ongoing.”

Iraq may ask for an additional $4 billion in low-cost loans through another programme linked to government reforms, Allawi said on Sunday.

Iraq devalued the dinar last month after a collapse in global oil prices, a major source of Iraq’s financial resources.

 

Allawi told Bloomberg bloom.bg/3peGG2h that Iraq also planned other types of funding to help plug the budget gap. Once the spending plan was approved, the government would move to issue $5 billion in domestic bonds to expand its financial base.

The OPEC member’s economy has only a small manufacturing base and almost all goods are dollar-priced imports.

Reporting by Kanishka Singh in Bengaluru; Editing by Stephen Coates and Peter Cooney

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40 minutes ago, yota691 said:

 

What cracks me up is that Iraq is in an emergency situation because they have been playing games and not doing what they are suppose to do and spend more time arguing than solving real problems for the Iraqi citizens.  Solve your problems, pass some laws, agree on the important issues and RV your currency idiots.  

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An informed political source confirmed, today, Monday, that Finance Minister Ali Abdul Amir Allawi will not be able to deal again with the International Monetary Fund, as it has lost the people's confidence due to its wrong financial policy.

 

The source said in a statement to "Tigris", "The International Monetary Fund or any foreign entity will not lend to Iraq again at the request of the current Minister of Finance, Ali Allawi, because those parties concerned with the circulation of funds know well that the Iraqi minister has lost the people's confidence in him, represented by the House of Representatives."

 

The source explained that "the wrong policy of the Minister of Finance, whether when he suddenly raised the exchange rate of the dollar or when he imposed deductions and taxes on employees' salaries, or when he placed explosive spending in the 2021 budget, which reached 164 trillion dinars, put him in the crosshairs of legal accountability, which called some MPs and blocs. To demand his dismissal. "     

 

Yesterday, Sunday, Finance Minister Ali Abdul-Amir Allawi revealed that Iraq was in talks with the International Monetary Fund to obtain a $ 6 billion loan to support its faltering economy, indicating that the government was determined to issue treasury bonds worth $ 5 billion, adding in an interview with the Once the House of Representatives approves the budget and spending plan, Iraq can apply for two billion dollars in rapid financing from a special mechanism launched by the International Monetary Fund to help economies suffering from the epidemic crisis.

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The information / Baghdad ..
The International Monetary Fund announced, on Monday, that Iraq has requested emergency assistance and that talks are continuing between the two parties.
The Minister of Finance, Ali Allawi, had said, in an interview with "Bloomberg" that Iraq was in talks with the International Monetary Fund to obtain a borrowing package worth 6 billion dollars.
"The Iraqi authorities have requested emergency assistance from the International Monetary Fund using the Rapid Financing Instrument," a representative of the fund said in a statement quoted by Reuters.
He suggested that Iraq would also demand "a long-term agreement with the Fund to obtain support for the implementation of the planned economic reforms."
The representative indicated that "talks are continuing to discuss the emergency request." End / 25

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On 1/14/2021 at 7:18 PM, yota691 said:

Economic progress? Are you really sure 100%? Whom are you trying to fool? Or are you just trying to hide the dark side inside to look good on the outside? If iraq keep borrowing monies from imf, does this mean iraq make economic progress? If iraq can't pay the monthly salary, bills, does this mean iraq make economic progress? If Iraq already devalued the rate from 1190 to 1460 that make all imported goods very expensive, does this mean iraq make economic progress? If there are still corruptions that spread like pandemic, does it mean iraq make economic progress? The questions is how long is it going to take for iraq to improve the economic condition until iraq can stand on his own feet and the rate is back to what it was 3.22 usd or at least over 1 usd?

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Al-Mustaqilla / - The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, explained the mechanism for obtaining loans from the International Monetary Fund.

 

Saleh said in a press statement followed by Al-Independent today, Wednesday, that "part of the loan that Iraq receives from the International Monetary Fund is called an accelerated financing method, pointing out that" when the fund sees any country that has a large deficit in the current account in the balance of payments, it provides a soft loan. " .

He added, "The loans that he will receive were two billion dollars, and there are four billion more, stressing that these loans come to reform the Iraqi economy."

 

And, and that "the white paper is consistent with any reform program, this depends on the money that comes from the IMF, pointing out that the funds are called precautionary, meaning that when Iraq needs to withdraw from it according to its need."

He pointed out that "Iraq has conducted about five agreements with the International Monetary Fund after 2003, three of which are credit readiness, one after conflicts and another called the Staff Monitor, stressing that they were successful agreements."

He continued, "There is continuous cooperation between Iraq and the International Monetary Fund, as Iraq is a founding country of the Fund since 1945 and it is an active and important member in the Middle East region."

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Editing date: 01/26/2021 18:21 • 86 read times
http://www.alliraqnews.com/uploads/news/image/medium/story_img_60103362d8df4.jpg
[Mtabah_aan]
raise the IMF today its forecast for global economic growth in 2021, said the recession that the Kindle Corona virus in 2020 will be sparked less by about a full percentage point from the previous estimates.
He added that the approval of several vaccines and the initiation of vaccination by some countries last December reinforce hopes for the end of the pandemic, which affected about 100 million people and killed more than 2.1 million others around the world.

He said that the resurgence of Covid-19 waves and the emergence of new strains carry risks, and that global activity will remain below pre-Covid forecasts issued about a year ago.

About 90 million people are likely to descend from the extreme poverty line in 2020 and 2021, as the pandemic erases the progress made in reducing poverty over the past two decades. Large numbers still suffer from direct or underemployment in many countries, including the United States.

The fund predicted in its latest global economic outlook report a 3.5 percent global contraction in 2020, a 0.9 percentage point better reading than the 4.4 percent contraction it expected in last October's report, thanks to stronger than expected momentum in the second half of 2020. The

fund expected growth. The global economy is 5.5 percent in 2021, 0.3 percentage point more than expected last October, attributing that to an acceleration that will be fueled by vaccines later in the year and more support measures in the United States, Japan and some other large economies.

He said that the US economy is expected to grow by 5.1 percent in 2021, which is two percentage points higher than the previous forecast thanks to the continued strong momentum for the second half of 2020, and additional financial support of $ 900 billion approved last December.

China's economy is expected to grow 8.1 percent in 2021 and 5.6 percent in 2022, while the October projections were 8.2 percent and 5.8 percent, respectively, while the expected growth of India's economy was 11.5 percent in 2021, 2.7 percentage points more than the estimate. In October, after a stronger-than-expected recovery in 2020.

Regarding Russia, the Fund said that the Russian economy is expected to grow in 2021 by 3 percent, instead of a previous forecast of 2.8 percent.
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On 1/25/2021 at 10:52 AM, horsesoldier said:

Keep going Iraq.... only 175 more years to go ( it’s an arbitrary number at best-probably take them longer to catch up. Having said that, the way the global economy is being manipulated, we might be fast tracked to meet up with Iraq “ on the way down “  ).


LMAO

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  • 2 weeks later...

A "disproportionate recovery" of the Middle East economy

 
 Dubai: AFP
 
The International Monetary Fund expects that the economic recovery in the Middle East and North Africa will accelerate this year, but in a "disproportionate" manner, due to the imbalance in the ability of countries in the region to obtain vaccines for the Coronavirus.
The region, which includes all Arab countries and Iran, last year suffered from its worst economic performance in decades due to low oil prices, sweeping closures and curfews to prevent the spread of the virus. The region's economy shrank by 3.8 percent in 2020, but the IMF expects growth of 3.1 percent this year and growth of 4.2 percent next year amid a recovery in oil prices and the distribution of virus vaccines, an official at the Fund said.
"We expect this year to recover after 2020, which was an unprecedented year as the region faced one of the most severe double shocks," said Jihad Azour, director of the Middle East and Central Asia division. "Of course we are in a period of uncertainty, and the race between the virus and the vaccine will determine the pace of recovery," he added. "This pace of recovery will vary between countries based on access to the vaccine." Many countries in the region have yet to launch vaccination campaigns due to the global vaccine shortage, internal conflicts, or weak financial resources. The wealthy Gulf states were among the first to launch massive vaccination programs. The UAE and Bahrain are implementing two of the fastest vaccination operations in the world. "At the present time, we are witnessing a great divergence between countries," Azour said. Countries that are at the forefront in all parts of the world in terms of vaccination, such as the UAE and Bahrain, will recover at a faster rate. ” "So it is an uneven recovery," he said. After shrinking at 4, 8 percent in 2020, oil-rich Gulf states are expected to post positive growth of 2.5 percent this year, according to the IMF. The Fund estimated that Saudi Arabia, the largest oil exporter in the world and the largest Arab economy, will witness growth of 2.6 percent in 2021 after a contraction of 3.9 percent.
 
 
 
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 2021-02-08 13:04
 

Shafaq News / Today, Monday, the World Food Program and the World Bank announced their cooperation in a joint program in Iraq to conduct social and economic research and monitor the causes of food insecurity and the effects of the Corona pandemic.

 

The two organizations said in a joint statement, received by Shafaq News Agency, that they launched a joint program in Iraq to conduct social and economic research and monitor the causes of food insecurity and the effects of the Corona pandemic, stressing that this cooperation will provide better information for social protection programs and improve response to urgent relief operations.

 

They explained that in light of the Corona pandemic, the joint cooperation program aims to monitor the effects on Iraqi families, including the families of the displaced who live in the camps and return to their homes, as well as the host communities.

 

According to the joint statement of the two organizations, surveys and analyzes are conducted using the World Food Program (WFP) system to analyze vulnerabilities and map its features via mVAM mobile phone to find out what is behind food insecurity and regularly collect vital information on the labor market, access health services and education for children, and provide updated profiles The socio-economic situation of individuals on the ground during the pandemic.

 

The representative of the World Bank in Iraq, Ramzi Numan, says: “The multi-faceted Iraq crisis has severely affected the livelihoods of the Iraqi people,” indicating that “the continuation of this study will provide a better understanding of the social and economic impacts of the crisis on the living conditions of families, and thus provide better information for social protection programs. Which aims to provide urgent relief to the most vulnerable and needy groups.

 

The joint statement stated that "with the continuing economic pressures and the resulting devaluation of the Iraqi currency, the prices of some basic foodstuffs increased, and families were greatly affected."

 

"The research is being used for multiple purposes, providing the government and the humanitarian and development communities with information to allow evidence-based decisions to be made about their response to the pandemic and to support the most vulnerable and needy families," he noted.

 

He indicated that, once the analysis is completed, the data and results will also form the basis for writing major bulletins and reports, such as the ongoing series issued by the World Food Program and the World Bank in partnership with the Food and Agriculture Organization of the United Nations (FAO) and the International Fund for Agricultural Development (IFAD).

 

For his part, the representative of the World Food Program in Iraq, Abdul Rahman Megaj, said, "This important research partnership supports the provision of basic information to help the main actors in Iraq plan and make decisions on an informed basis.

 

"Knowing more means being able to do more and get it right. Our work with needy and vulnerable families can help in the most effective way," he added.

 

The World Food Program and the World Bank continue to work with the government on social protection efforts, as well as designing major reforms in this sector, to best meet the needs of families now and in the long term.

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