Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Iraqi Finance Minister: An upcoming meeting with the International Monetary Fund in Baghdad


yota691
 Share

Recommended Posts

website.jpg.9f2fbbea2f7a4b0931104924456864e1.jpg

 

2022/04/24 14:44
  • number of readings 225
  • Section : Iraq

Finance Minister: The financial situation is very good and we do not need support from any foreign parties

Baghdad / Obelisk: Minister of Finance Ali Allawi revealed, on Sunday, April 24, 2022, that meetings will be held with the International Monetary Fund and the World Bank in Baghdad, while indicating that the financial situation is very good.

Allawi said in a statement followed by the obelisk, that "the meetings with the International Monetary Fund, the World Bank and other major institutions in the American capital, Washington, were good," noting: "We reached several agreements, the most important of which is support for the reform process, especially the white paper."

He added, "There are close meetings in Baghdad, which will be after the blessed Eid Al-Fitr, so that the support will be technical and there will be advisors, in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project."

He pointed out that "Iraq is in the process of implementing agreements with the World Bank, especially to support the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the state," noting that "the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gain resulting from The rise in oil prices, in the areas of strengthening support for groups affected by the prices of raw materials.

He continued, "The law is before the House of Representatives and will be enacted, and it will give strong support to the groups affected by the rise in the prices of basic materials and foodstuffs in particular, and to strengthen the pillars of the Ministry of Finance and to strengthen the possibilities of employing public employment projects," explaining, that "there is an integrated plan to use the surplus of the price hike, in cooperation with Parliament".

He pointed out that "this support is outside the concept of reform for the public sector, and we want to reduce government support, especially for sectors that can thrive without government support, but this will be for one time," explaining that "the government acknowledges that some groups have been affected by the rise in the prices of raw materials, so it will be One-time and non-recurring support.

He stated, "We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now," stressing that "there are preparations for cooperation at all levels."

Allawi stressed the need to "submit projects to obtain support, or a kind of American aid, especially in the technical and technical aspects," stressing that "the financial situation is very good, and we do not need support from any foreign parties, except for certain projects."

 

  • Upvote 1
Link to comment
Share on other sites

The Minister of Finance talks about a law before Parliament that supports these groups: “Our situation is good.”

63325.jpg?watermark=4&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_sch=http
 

Baghdad - Iraq today:

Today, Sunday, Finance Minister Ali Allawi revealed that meetings with the International Monetary Fund and the World Bank are about to be held in Baghdad, while noting that the financial situation is very good.

Allawi said that "the meetings with the International Monetary Fund, the World Bank and other major institutions in the American capital, Washington, were good," noting: "We have reached several agreements, the most important of which is support for the reform process, especially the white paper."

He added, "There are close meetings in Baghdad, which will be after the blessed Eid Al-Fitr, so that the support will be technical and there will be advisors, in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project."

He pointed out that "Iraq is in the process of implementing agreements with the World Bank, especially to support the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the state," noting that "the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gain resulting from The rise in oil prices, in the areas of strengthening support for groups affected by the prices of raw materials.

He continued, "The law is before the House of Representatives and will be enacted, and it will give strong support to the groups affected by the rise in the prices of basic materials and foodstuffs in particular, and to strengthen the pillars of the Ministry of Finance and to strengthen the possibilities of employing public employment projects," explaining, that "there is an integrated plan to use the surplus of the price hike, in cooperation with Parliament".

He pointed out that "this support is outside the concept of reform for the public sector, and we want to reduce government support, especially for sectors that can thrive without government support, but this will be for one time," explaining that "the government acknowledges that some groups have been affected by the rise in the prices of raw materials, so it will be One-time and non-recurring support.

He stated, "We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now," stressing that "there are preparations for cooperation at all levels."

Allawi stressed the need to "submit projects to obtain support, or a kind of American aid, especially in the technical and technical aspects," stressing that "the financial situation is very good, and we do not need support from any foreign parties, except for certain projects."

 

  • Upvote 1
Link to comment
Share on other sites

Iraq’s Deputy PM meets with World Bank VP for MENA Affairs

Iraq’s Deputy PM meets with World Bank VP for MENA Affairs

Iraq’s Deputy PM and Minister of Finance, Ali Allawi (L) with Ferid Belhaj, Vice President of the World Bank for MENA Affairs. Image source: Embassy of Iraq – Washington D.C.

Baghdad (IraqiNews.com) – Iraq’s Deputy Prime Minister and Minister of Finance, Ali Allawi, met today with Ferid Belhaj, Vice President of the World Bank for MENA Affairs. The two discussed progress and support for the banking industry in Iraq as well as enhancing the private sector in Iraq.

Earlier this month, the World Bank issued a report expecting Iraq to achieve the largest growth in GDP and per capita amongst the Arab countries for the year 2022. 

  • Thanks 1
  • Upvote 1
  • Pow! 4
Link to comment
Share on other sites

Decades of " meetings " and none of us are getting any younger...if they were ready to get the IQD globally recognized wasaay back in 2013: what's really going on here.

Recall the hate Maliki put on Shabbs ?? The Wizard of Oz expressed deflection beautifully. Recall the scene where the whole group looking up at the great & powerful Oz: it took the dog trotting over, grabbing & pulling the curtain back exposing the " real Oz " pulling the levers and spouting the rhetoric.

Pay no attention to that man behind the curtain !!!! 

Who's really calling the shots for Iraq ???

  • Thanks 1
  • Haha 2
  • Confused 1
  • Pow! 2
Link to comment
Share on other sites

9 hours ago, 6ly410 said:

the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gain resulting from The rise in oil prices, in the areas of strengthening support system" rel="">support for groups affected by the prices of raw materials.

oil law? remember they only need to vote on last amendment

  • Upvote 4
Link to comment
Share on other sites

Allawi: The financial situation is very good

Economie02:11 - 04/24/2022

 
image
 
 

 

Baghdad - Mawazine News
, Minister of Finance, Ali Allawi, described, today, Sunday, the financial situation in the country as "very good," revealing that meetings with the International Monetary Fund and the World Bank will be held in the capital, Baghdad.

Allawi said in a statement to state television, which was followed by Mawazine News, that "the meetings with the International Monetary Fund, the World Bank and other major institutions in the American capital, Washington, were good," noting: "We reached several agreements, the most important of which is support for the reform process, especially the white paper."

Allawi added, "There are close meetings in Baghdad, which will be after Eid Al-Fitr, so that the support will be technical and there will be advisors, in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project."

He pointed out that "Iraq is in the process of implementing agreements with the World Bank, especially with the support of the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the state," adding that "the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gain resulting from the high Oil prices, in the areas of strengthening support for groups affected by the prices of raw materials.

He continued, "The law is before the House of Representatives and will be enacted, giving strong support to the groups affected by the rise in prices of basic materials and foodstuffs in particular, strengthening the pillars of the Ministry of Finance and strengthening the possibilities of employing public employment projects," explaining, that "there is an integrated plan to use the surplus of high prices, in cooperation with Parliament".

He pointed out that "this support is outside the concept of reform for the public sector, and we want to reduce government support, especially for sectors that can thrive without government support, but this will be for one time," explaining that "the government acknowledges that some groups have been affected by the rise in the prices of raw materials, so it will be One-time and non-recurring support.

He went on to say, "We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now," stressing that "there are preparations for cooperation at all levels."

Allawi stressed the need to "submit projects to obtain support, or some kind of American aid, especially in the technical and technical aspects," stressing that "the financial situation is very good, and we do not need support from any foreign parties, except for certain projects." Ended 29/N33

  • Upvote 3
Link to comment
Share on other sites

Today, Thursday, Finance Minister Ali Allawi revealed that the most important challenges facing the next government are the inherited laws and institutional procedures.

Allawi said, during a symposium organized by the Atlantic Research Institute in Washington: The most prominent Iraqi challenges that will face the next government, are the inherited institutional laws and procedures,” stressing “the need to address them if we want to benefit from the country’s resources and its strategic location and how to transform the economy into a post-oil phase.” "

 

Allawi stressed that "this visit came to deepen the economic relationship with international institutions, the World Bank, the International Monetary Fund, the American Treasury and the American Development Agency, and we aspire to strengthen relations . "

 

He added that "the IMF supports the overall economic and reform policy for Iraq," noting that "the World Bank supports certain projects, and now they have several projects they are working on in Iraq . "

 

He continued, "There is cooperation with the US Treasury on several issues, including money laundering and Iraqi-American relations in light of the Russian-Ukrainian war, because there are economic aspects that must be taken into consideration . "

 

Allawi indicated that "in light of all these matters, it was necessary to come to Washington with a large and important team from the (Iraqi Finance) ministry and other ministries . "

  • Upvote 3
Link to comment
Share on other sites

Finance Minister Ali Abdel Amir Allawi stressed that the most important challenges facing the next government are the inherited institutional laws and procedures, pointing to cooperation with the US Treasury on money laundering issues.

This came on the sidelines of the meetings of the World Bank Group and the International Monetary Fund, today, Saturday, in Washington, while speaking to a group of journalists.

Allawi said that "the most prominent Iraqi challenges that the next government will face are the inherited laws and institutional procedures," stressing "the need to address them if we want to benefit from the country's resources and its strategic location and how to transform the economy into the post-oil stage."

"This visit came to deepen the economic relationship with international institutions, the World Bank, the International Monetary Fund, the US Treasury and the US Agency for Development," he added.

Allawi indicated that "the IMF supports the general economic and reform policy for Iraq," noting that "the World Bank supports certain projects, and now they have several projects they are working on in Iraq and consultations are underway for the purpose of expanding them to include various vital sectors in the country."

He noted that "there is continuous cooperation with the US Treasury on several issues, including money laundering and Iraqi-American relations in light of the repercussions of the Russian-Ukrainian war, because there are economic aspects that must be taken into consideration."

And he continued, the Minister of Finance, by saying that "in light of all these matters, it was necessary to come to Washington with a large and important team from the Iraqi Ministry of Finance and other ministries with the aim of activating bilateral relations, including support projects, and crystallizing them in a manner that is in the interest of the Iraqi economy."

  • Upvote 1
Link to comment
Share on other sites

49 minutes ago, yota691 said:

Very good? How come the rate is still 1,460 and the price of goods are pricey so the ordinary iraqi citizens can't afford to buy them? Talk is cheap. Come on Allawi,  If you thought the financial condition is good, you better prove it by rv'ing your currency to make dinar the most strongest currency in the whole middle east. Come on Allawi hurry the he## up. Time is almost running out.

  • Like 1
  • Confused 1
  • Upvote 1
Link to comment
Share on other sites

 Ahmed bracelet 
       
1650876578ALI-ALAWAY.jpg
 
 

Erbil (Kurdistan 24) - Iraqi Finance Minister Ali Allawi said that Iraq's financial situation is very good, noting at the same time that there is an upcoming meeting with the International Monetary Fund and the World Bank in Baghdad.

Allawi said on Sunday, in a statement to Al-Iraqiya News, that "the meetings with the International Monetary Fund, the World Bank and other major institutions in the American capital, Washington, were good."

And he said, "We have reached several agreements, the most important of which is support for the reform process, especially the White Paper."

Allawi added, "There are close meetings in Baghdad, which will be after the blessed Eid al-Fitr, so that the support will be technical and there will be advisors, in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project."

He pointed out that "Iraq is in the process of implementing agreements with the World Bank, especially with the support of the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the country."

He pointed out that "the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gain resulting from the rise in oil prices, in the areas of strengthening support for groups affected by the prices of raw materials."

He explained that "there is an integrated plan to use the surplus of the price hike, in cooperation with the House of Representatives."

Allawi stressed the need to "submit projects to obtain support, or some kind of American aid, especially in the technical aspect."

The Iraqi Finance Minister stressed, "The financial situation is very good, and we do not need support from any foreign parties, except for certain projects."

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

ERBIL (Kurdistan 24) – Representatives from the World Bank and the International Monterey Fund (IMF) will visit Baghdad to hold meetings, Iraqi Finance Minister Ali Allawi announced. 

A senior Iraqi delegation headed by Allawi recently visited Washington DC to participate in the week-long Spring Meetings of the IMF and World Bank.

The delegation reached "several agreements" for supporting Iraq's economic reform process, known as the White Paper, Allawi told the state broadcaster Al Iraqiya on Sunday. 

The IMF and World Bank will hold meetings with Iraqi officials in Baghdad after the end of Eid Al-Fitr to discuss "technical support" for the reform project, the minister said. The three-day feast will follow the end of the holy month of Ramadan on May 3 this year. 

Allawi added that his ministry has had "good results" with the Bank in addressing the technicalities needed to reform the economic system. 

For the first time since 1972, Iraq recorded the highest monthly revenue of more than $11 billion, mainly generated from oil sales following huge demand for the commodity due to the Russia-Ukraine war and post-COVID-19 recovery. 

Iraq is in a "very good" financial situation and does not need any foreign support, except for certain projects, according to Allawi.

Iraq's real GDP is estimated to have increased by 1.3 percent in 2021 compared to its sharp contraction of 11.3 percent in 2020, according to a recent World Bank report.

  • Thanks 2
  • Upvote 3
Link to comment
Share on other sites

Finance Minister Ali Allawi reveals the details of his discussions with the International Monetary Fund and the World Bank

politics  ,   2022/04/25 22:21
 
63360.jpg?watermark=4&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_sch=http
 

 

Baghdad - Iraq today:

Iraqi Finance Minister Ali Allawi revealed the details of his country's meetings with the International Monetary Fund and the World Bank in Washington.

Allawi indicated that agreements had been reached that included providing support for economic reform projects in Iraq within what is known as the "white paper".

Allawi said in a statement, "The meetings with the International Monetary Fund, the World Bank and other major institutions in Washington were good," stressing that "several agreements were reached, the most important of which is support for the reform process, especially the white paper."

And the white paper, a comprehensive reform program focusing on economic and financial aspects, that was put forward by the Al-Kazemi government in late 2020, includes many items and paragraphs that deal with medium and long-term strategic treatments.

The white paper came on the impact of a severe economic crisis experienced by the country due to the decline in oil prices and the global closure conditions that accompanied the Corona pandemic, which prompted Baghdad to borrow more than once to secure the salaries of government institutions employees.

Allawi added, "There are close meetings in Baghdad, which will be after the blessed Eid Al-Fitr, so that the support will be technical in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project."

He pointed out that "Iraq is in the process of implementing agreements with the World Bank, especially with the support of the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the country."

He pointed out that "the ministry is in the process of submitting a law to the House of Representatives for the purpose of employing the unexpected gains resulting from the rise in oil prices, in the areas of strengthening support for groups affected by the prices of raw materials."

He continued, "The law is before the House of Representatives and will be enacted, and it will give strong support to the groups affected by the rise in prices of basic materials and foodstuffs in particular, strengthening the pillars of the Ministry of Finance and strengthening the possibilities of employing public employment projects," explaining, that "

He added, "This support is outside the concept of reform for the public sector, and we want to reduce government support, especially for sectors that can thrive without government support, but this will be for one time," explaining that "the government acknowledges that some groups have been affected by the rise in the prices of raw materials, so the support will be once and not repeatedly.

He stated, "We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now," stressing that "there are preparations for cooperation at all levels."

Allawi stressed the necessity of "presenting projects to obtain support, or for some kind of American assistance, especially in the technical aspect," stressing that "the financial situation is very good, and we do not need support from any foreign parties, except for specific projects."

 

  • Haha 2
  • Upvote 3
Link to comment
Share on other sites

2 hours ago, 6ly410 said:

Finance Minister Ali Allawi reveals the details of his discussions with the International Monetary Fund and the World Bank

politics  ,   2022/04/25 22:21
 
63360.jpg?watermark=4&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_sch=http
 

 

Baghdad - Iraq today:

Iraqi Finance Minister Ali Allawi revealed the details of his country's meetings with the International Monetary Fund and the World Bank in Washington....


He pointed out that "Iraq is in the process of implementing agreements with the World Bank, especially with the support system" rel="">support of the technical side. We have reached very good results, and will contribute to strengthening the cadres working in the country."...

He stated, "We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now," stressing that "there are preparations for cooperation at all levels."

Allawi stressed the necessity of "presenting projects to obtain support system" rel="">support, or for some kind of American assistance, especially in the technical aspect," stressing that "the financial situation is very good, and we do not need support system" rel="">support from any foreign parties, except for specific projects."

 

So....the the article says the money people who run the world and the United States are meeting with Iraqi officials. 

 

What is "cadres working in the country"? My guess...oil companies

 

"American assistance...in the technical aspects?: For what? For running banking systems and oil projects.

 

"Preparation for cooperation....specific projects" For what?...for specific oil projects, maybe a pipeline to get oil to Europe

 

What does all this elusive vague mumbo jumbo in the article mean?...in light of the current global scene? Biden wants more oil pumped out. The war in Ukraine drove up the price of oil and inflation, the American public is thinking of throwing the Democrats out of office, Grandpa President Biden is in big trouble. The American public is tired of taking out a mortgage, every time they want to fill up the family station wagon. 

 

:moon-from-car:

 

Even giant white rabbits on the lawn can't help President Joe. Air handshakes with imaginary people on stage, are all the thing now in Washington, which is turning into a Alice in Wonderland....or Blunderland. Things are getting curiouser and curiouser as Alice in Wonderland would say.

 

But back in the real world, Iraq is in a good financial position for a good deal for them, due to the high price of oil. 🚬:cigar:

 

But Iraq has agreements with other oil producers, not to rock the boat. Complicated picture, but it looks good. A good time for optimism. :twothumbs:

 

The political situation has settled down, the Kurds are backed into a corner, the Iraqis agree on oil, the Iraqi Supreme Court agreed, :rulez:so we are getting ready to rockn'roll. :rock-on:

 

So a deal is being worked out, where Iraq is getting help becoming part of the global finance community, 🌍 The thing about the "World Bank" is it's a bank, for the world. That means trading currency, that's what they do. Same with IMF. No it's not called Imaginary Money Fund. It's real money, not Alice money. Iraq no longer has to sit in the corner by itself like Little Jack Horner, the Iraqi Dinar will be traded globally by summer, the IMF will help support the Iraqi Dinar and trade....and I get to buy that boat I've been looking at....

 

That's my generous 3- beer interpretation of this mumbo-jumbo. :cheesehead::cheesehead::cheesehead:

 

Now that I've convinced myself:

 

Will I be able to buy a sailboat? Or a speedboat? 🚤 Hopefully not a row boat...🚣‍♂️

  • Like 4
  • Thanks 1
  • Haha 1
  • Confused 1
  • Upvote 3
  • Pow! 2
Link to comment
Share on other sites

18 hours ago, yota691 said:

the meetings with the International Monetary Fund, the World Bank and other major institutions in the American capital, Washington, were good," noting: "We reached several agreements, the most important of which is support system">support for the reform process, especially the white paper."

past tense! 'were good" so meetings have already been had and support white paper reforms!

Edited by screwball
  • Upvote 3
  • Pow! 3
Link to comment
Share on other sites

Why will the dollar exchange rate not return to its predecessor until after these years in Iraq?

 

 

3,507 Economie 2022/05/03 19:44 Baghdad today -

Baghdad The economic expert, Nasser Al-Kinani, confirmed, today, Tuesday, that the decision to raise the dollar exchange rate will continue for 5 years. Al-Kinani said in a statement to (Baghdad Today), "The decision to raise the price of the dollar is linked to the draft white paper imposed by the International Monetary Fund." He added that "a delegation from the International Monetary Fund will meet with the Prime Minister and Minister of Finance and will dictate new conditions for the Iraqi economy." And that "the International Monetary Fund controls the Iraqi economic policy because of the existence of debts on Iraq with the Fund." The economic expert called on the government to "give a high priority to paying the debts of the International Monetary Fund, which is not large and has negative effects on Iraq, represented by the Fund's interventions in the country's economic policy, which resulted in raising the price of the dollar."

  • Thanks 5
  • Pow! 1
Link to comment
Share on other sites

16 minutes ago, yota691 said:

"the International Monetary Fund controls the Iraqi economic policy because of the existence of debts on Iraq with the Fund."

 

 

Thank you as always, yota691 ! 

I've said it before... ALL Central Banks except for Chyna and North Korea are Globalist IMF central Banks.. Iraq, if it was smart, would pay off any loans from these Globalist creeps and they should NEVER have taken any money from them to begin with as it is only a means to control them like everyone else. 

I've suspected the IMF, BIS and all the usual suspects have been suppressing the Dinar value.

 

The Dollar is at record highs right now, not because it's gaining value but because the rest of the world currencies are sucking wind against the Dollar.  Dollar strength was predicted just before a worldwide implosion. What will Iraq do when the Dollar tanks??

Just my opinion...:twocents:

  • Like 7
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.