The British ambassador talks about his country's role in "supporting reforms" and arranging an Iraqi meeting with the IMF and the World Bank

[yota691]

The British ambassador talks about his country's role in "supporting reforms" and arranging an Iraqi meeting with the IMF and the World Bank

 

 

209 Economie 2021/01/30 12:03 ta Baghdad today -

Baghdad The British Ambassador to Iraq, Stephen Hickey, said that the visit of the Prime Minister, Mustafa Al-Kazemi to London witnessed the agreement with the International Monetary Fund and the World Bank to support economic reforms in Iraq, indicating that the Ministry of Finance is now in negotiations with the International Monetary Fund to obtain loans to support the economy and hold elections . Hickey said in a televised interview on Friday and followed by (Baghdad Today), that "during the visit of the Iraqi government delegation, headed by the Prime Minister, Mustafa Al-Kazemi, to Britain, London took it upon itself to support the Iraqi economy and brought together the International Monetary Fund and the World Bank with the Iraqi government delegation, To support the economic reforms undertaken by Baghdad, and this is what is happening now, "indicating that" Al-Kazemi has an opportunity to achieve economic reforms and he is getting security support from Britain and the European Union countries . " He added, "The Minister of Finance, Ali Allawi, is now in negotiations with the International Monetary Fund, to obtain loans, to support the economy and prepare for elections ." The International Monetary Fund had recently announced that it had received a request for emergency aid from Iraq . "The Iraqi authorities have requested emergency assistance under the Rapid Financing Instrument, in a long-term arrangement, to support the planned economic reforms," the fund said in a statement, adding that "discussions are underway regarding the authorities’ request for emergency assistance . " On January 24, Finance Minister Ali Allawi told Bloomberg that Iraq was in talks with the fund to obtain a $ 6 billion loan . Allawi indicated that Iraq may request an additional $ 4 billion in low-cost loans from the International Monetary Fund's government reform program .

[6ly410]

The World Bank announces its support for reforming the Iraqi economy

 

World Bank logo

https://economy-news.net/content.php?id=23887

money and business Economy News - Baghdad The World Bank announced that it supports reforms to revive the Iraqi economy and solve its structural problems. The representative of the World Bank mission in Iraq, Ramzi Noman, during a meeting with Chairman of the Committee of Finance Parliamentary, Haitham al - Jubouri, E n The World Bank supports the reform process to revive the Iraqi economy and solving structural problems, stressing at the same time , regained the bank to support investment and development in Iraq projects. On the other hand, the head of the Parliamentary Finance Committee, Haytham Al-Jubouri, said that the Finance Committee had a big challenge in the budget represented in the huge deficit and tremendous growth in expenditures without actual reform measures, indicating that the committee included many reform measures and rearranging the budget formulation with an economic view that reduces Pressure on oil revenues by supporting non-oil resources such as border crossings, tax collection and private sector support to stimulate the Iraqi economy .

Number of observations 206   Date added 01/31/2021

[Officiallytook]

What happen to becoming full members of these organizations this month?

[Half Crazy Runner]

59 minutes ago, Officiallytook said:

What happen to becoming full members of these organizations this month?

That’s right. They were supposed to be joining the WTO in “early 2021” ... 

[JonnyV]

Unless I missed it, they didn't say they weren't.   

 

[yota691]

Al-Jubouri to the World Bank Mission: Many reform measures were included in the budget

Economie| 12:03 - 01/31/2021

 

 

 

 

Baghdad - Mawazine News,
Head of the Parliamentary Finance Committee, Haitham Al-Jubouri, discussed with the representative of the World Bank delegation in Iraq, Ramzi Numan, the draft budget bill for 2021.
A statement stated, "The head of the Finance Committee, MP Haitham Al-Jubouri, received the representative of the World Bank mission in Iraq, Ramzi Numan, to discuss a draft Draft Federal Budget Law for 2021. "
He added, "The meeting discussed the great challenges facing the Finance Committee, during its discussions of the draft budget in light of an unstable economic and financial situation, whether in Iraq or the world, imposed by the Corona pandemic."
According to the statement, Al-Jubouri stressed that "the Finance Committee had a major challenge in the budget represented in the huge deficit and tremendous growth in expenditures without actual reform measures," indicating that "the committee included many reform measures and rearranging the budget formulation with an economic outlook that reduces pressure on Oil revenues by supporting non-oil resources such as border crossings, tax collection and private sector support to stimulate the Iraqi economy. "
For his part, Numan said: "The World Bank supports the reform process to revive the Iraqi economy and solve its structural problems," stressing at the same time that the bank has restored to support investment and development projects in Iraq.
In another context, Speaker of Parliament Muhammad al-Halbousi chaired the thirty-fifth meeting of the Parliamentary Finance Committee, in which it continued its discussions on the draft federal budget bill for 2021.
A statement by the Media Department in the House of Representatives stated that the Speaker appreciated the efforts of the Financial Committee in its discussions to balance the current year and bear the burdens of the confusing financial and economic situation in the country.
He added, "Al-Halbousi presented a set of proposals and ideas that could be included in the draft law that would contribute to developing the agricultural sector, such as obliging the government to pay farmers' dues and supporting this important segment in the country, and supporting the industrial sector and the private sector to create opportunities for unemployed youth."

The statement indicated that "the Finance Committee included a text in the budget that includes the establishment of a special fund for petrodollars for the provinces producing oil and gas to implement important projects and provide services at the level of all sectors."
He continued, "The meeting discussed supporting the liberated governorates and providing adequate allocations for the fund for their reconstruction, as well as the need to support the stabilization program to enable the displaced to return to their homes voluntarily." Ended 29 / A 87

[yota691]

Cabinet: $ 100 million from the World Bank's portfolio to buy coronavirus vaccines

2021.01.31 - 10:18

 

  

Baghdad - People  

On Sunday, the Council of Ministers allocated a hundred million dollars to purchase vaccines related to the Corona pandemic.  

 

Haider Majeed, a spokesman for the General Secretariat of the Council of Ministers, said in a statement that "People" received a copy (January 31, 2021), that "The Council of Ministers decided to allocate an amount of one hundred million dollars from the World Bank portfolio to buy vaccines related to Corona virus, according to the type of vaccine determined." From the Ministry of Health, provided that the loan (portfolio) be restructured by the (Finance and Planning) Ministries, in coordination between them and the World Bank. "  

He emphasized that "the decision came, based on what the Minister of Health presented urgently, during the fourth regular session of the Council of Ministers, held on January 26, 2021."  

[yota691]

Iraq is discussing with the World Bank and international financing securing vaccines against the Corona virus

Local| 03:00 - 10/02/2021

 

 

 

 

BAGHDAD - Mawazine News
Minister of Planning Khaled Battal Al-Najm discussed, on Wednesday, with a representative of the World Bank and the International Finance Corporation, to support the Iraqi government's efforts to secure vaccines against the Corona virus.
A statement of the Ministry, which Mawazine News received / a copy of, stated that “The Minister of Planning, Khaled Battal Al-Najm, discussed with each of the representative of the World Bank Ramzi Numan and the International Finance Corporation, in Iraq, Bilal Sfeir, prospects for joint cooperation between the two sides in a number of areas Among them, support the Iraqi government's efforts regarding securing vaccines against the Coronavirus, and financing a set of projects within the framework of the memoranda of understanding signed between the two parties.
He added that "the meeting was attended by the Director General of International Cooperation at the Ministry of Planning, and discussed the mechanisms of partnership between the public and private sectors, and the nature of the support provided by the World Bank and the International Finance Corporation to support empowering the Iraqi private sector." Ended 29 / A 43