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Al-Kazemi: The government strategy has achieved an economic and financial recovery


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Al-Kazemi chairs a meeting devoted to discussing economic and financial conditions / expanded

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Baghdad / NINA / - Prime Minister Mustafa Al-Kazemi chaired a meeting devoted to discussing the economic and financial situation.

Al-Kazemi's media office said in a statement, which was reviewed by NINA , that "Al-Kazemi chaired today, Monday, an economic meeting devoted to discussing the current financial and economic conditions in light of reports and positive indicators developed by the International Monetary Fund and the World Bank, attended by the Minister of Finance and advisors specialized in financial and economic aspects."

Al-Kazemi stressed, according to the statement, “that the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy."

He added, "We must continue the momentum that succeeded in upgrading the country's economic situation, and we must continue to strive towards achieving more."

Al-Kazemi listened to a "detailed presentation by the Minister of Finance on the Iraqi economic reality, and good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that the total foreign currency reserves increased significantly, as well as achieving revenues at a good level." During the

meeting, "the sign of Iraq's control over food prices locally, despite the double rise in their prices globally, as well as the sign of a growth in GDP that exceeds what has been achieved in the countries of the Middle East and North Africa."

 The report stated, "Control has been achieving in the rates of inflation in the internal economy, and the rise in the current account balance, as well as a noticeable rise in the overall financial balance."/ End
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 Baghdad: morning
 
Yesterday, Monday, Prime Minister Mustafa Al-Kazemi said: The strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges facing the country, calling to continue striving to achieve more. 
A statement from his office stated, "Al-Kazemi chaired an economic meeting devoted to discussing the current financial and economic conditions in the country, and it came against the background of positive reports and indicators developed by the International Monetary Fund and the World Bank, and the meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects."
Al-Kazemi stressed, according to the statement, that "the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy."
He added, "We must continue the momentum that succeeded in raising the country's economic status, and we must continue to strive to achieve more."
He listened to "a detailed presentation by the Minister of Finance on the Iraqi economic reality, and good international indicators in light of the escalation of the growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that the total foreign currency reserves increased significantly, as well as achieving revenues at a good level." ".  
The statement explained, "During the meeting, Iraq's control over food prices locally, despite the double rise in their prices globally, was indicated, as well as the achievement of growth in domestic product that exceeds what has been achieved in the countries of the Middle East and North Africa."
The World Bank confirmed, in its report issued last April, that Iraq ranked first in the Arab world with the largest growth in GDP and per capita for the year 2022.
And the international report, achieved control over inflation rates in the Iraqi internal economy, and the rise in the current account balance, as well as a noticeable rise in the overall financial balance.
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Al-Kazemi calls for the continuation of the momentum that succeeded in upgrading the country's economic situation
  
{Economic: Al Furat News} Prime Minister Mustafa Al-Kazemi chaired, today, Monday, an economic meeting devoted to discussing the current financial and economic conditions in light of reports and positive indicators developed by the International Monetary Fund and the World Bank.
 

And the government statement, which {Euphrates News} received a copy of, stated that: "The meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects."

Al-Kazemi stressed, at the beginning of the meeting, that "the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy."

He stressed "the need to continue the momentum that succeeded in raising the country's economic status, and to continue striving to achieve more." 

And the statement continued, "Al-Kazemi listened to a detailed presentation by the Minister of Finance on the Iraqi economic reality, and good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that total foreign currency reserves increased significantly, as well as to generate good revenue.

He added, "During the meeting, it was indicated that Iraq controlled food prices locally, despite the double rise in their prices globally, as well as the achievement of growth in GDP that exceeds what was achieved in the countries of the Middle East and North Africa.

The report also showed that inflation rates were controlled in the internal economy, and the current account balance rose, as well as a noticeable rise in the overall financial balance.

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POSTED ON 2022-05-17 BY SOTALIRAQ

Finance reports Al-Kazemi with a rise in total foreign currency reserves

Yesterday, Monday, the government confirmed controlling food prices locally, and spoke of international reports indicating a significant increase in total foreign currency reserves. The media office of the Prime Minister, Mustafa Al-Kazemi, said in a statement received by Al-Mada.

Yesterday, Monday, the Prime Minister chaired an economic meeting devoted to discussing the current financial and economic conditions in light of positive reports and indicators developed by the International Monetary Fund and the World Bank, noting that “the meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects.”

Al-Kazemi said, at the beginning of the meeting, that “the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy,” stressing that “the momentum that succeeded must be continued.” To improve the country’s economic status, and to continue striving to achieve more.”

And the statement continued, “Al-Kazemi listened to a detailed presentation by the Minister of Finance on the Iraqi economic reality, and good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that the total foreign currency reserves increased significantly, as well as achieving Good revenue.”

He continued, "During the meeting, Iraq's control over food prices locally, despite the double rise in their prices globally, was indicated, as well as the achievement of GDP growth that exceeds what was achieved in the countries of the Middle East and North Africa."

The report indicated, according to the statement, that "controlling inflation rates in the internal economy has been achieved, and the current account balance has risen, as well as a significant increase in the overall financial balance." The financial advisor in the Council of Ministers, Mazhar Muhammad Salih, said that "the delay in approving the budget law for the current year does not mean that there is a waste of revenues or the abundance of Iraqi oil revenues sold to global markets." Saleh added, "The sums obtained from the rise in oil prices are in a hedge account and are managed according to the best international practices, and they are in hard currency and are safe, and there is no fear for these funds." He pointed out, "The abundance of oil awaits the budget law, as part of it will go to spending, and the other to the sovereign fund at the end of the year if oil prices continue to rise."

And Saleh indicated, "Everyone is looking forward to issuing the budget law, as it represents a single document for public finance in order to know the vision until the end of this year." He noted, "The budget will be expansionary, not contractionary, and will target the social spending side significantly, such as the ration card and support for the poor, peasants and farmers." Saleh went on to say, “there is an aspiration to enter into strong development programs and strategic, income-generating and work-earning projects, and to make a qualitative leap in development projects.” It is noteworthy that the Council of Ministers was seeking to present the draft budget law, but after switching to carrying out daily tasks due to the early elections, it was unable to do so.

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 2022-05-16 09:56
 

Shafaq News/ Today, Monday, Prime Minister Mustafa Al-Kazemi chaired an economic meeting devoted to discussing the current financial and economic conditions in the country.

A statement by Al-Kazemi's office said that the meeting came "in light of the reports and positive indicators developed by the International Monetary Fund and the World Bank," and the meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects.

At the outset of the meeting, the Prime Minister affirmed that the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy.

He added that the momentum that succeeded in raising the country's economic situation must continue, and that we should continue to strive for more.

 

He listened to a detailed presentation by the Minister of Finance on the Iraqi economic reality and the good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that the total foreign currency reserves increased significantly, in addition to achieving a good level of revenues. According to the statement.

During the meeting, it was pointed out that Iraq controlled food prices locally, despite the double increase in their prices globally, as well as the achievement of growth in the domestic product that exceeds what was achieved in the countries of the Middle East and North Africa.

The report showed that inflation rates in the internal economy were controlled, and the current account balance rose, as well as a noticeable rise in the overall financial balance.

In its report issued last April, the World Bank confirmed that Iraq ranked first in the Arab world with the largest growth in GDP and per capita for the year 2022.

And the World Bank report expected that "Iraq's gross domestic product will grow this year by 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent, Saudi Arabia 7 percent, and Kuwait 5.7 percent."

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Tenth Iraq Day at The Mansion House

Sustaining Iraq’s Economic Growth

IBBC Spring Conference, Tuesday 24th May 2022 AGENDA

 

08.00 Arrival and registration, tea & coffee 08.55 Move to the Egyptian Hall
 

09.00 Welcome Addresses:

Baroness Nicholson of Winterbourne, IBBC President
Alderman Vincent Keaveny, The Lord Mayor locum tenens
British Minister tbc

H.E Dr Ihsan Abduljabbar Ismail, Minister of Oil, Government of Iraq H.E Mr. Mustafa Ghalib Mukheef, Governor of the Central Bank of Iraq H.E Mohammed Jaafar Al-Sadr, Iraqi Ambassador to the UK

 

10.10 Tea & Coffee break
 

10.50 Keynote address: Mr Louis Taylor, Chief Executive, UK Export Finance 11.00 Keynote address: Ms Taif Sami, Deputy Minister of Finance
11.05 
Keynote address: President, Iraq Private Banking League (tbc)

11.10 Session 1: Implementation of the Iraqi Government’s White Paper
Chairman: Mr Shwan Aziz Ahmed, IBBC Advisory Council
Panelists: Dr Alaa Al-Saedi, Executive Director PM’s Reform Management Cell, Professor Frank Gunter, Lehigh University

 

11.35 Session 2: Developing the Banking Sector
Chairman: Mr Ismail Maraqa, PWC
Panellists: Dr Salem Chalabi, Chairman of TBI, Mr Richard Wilkins, JP Morgan, Mr Brahim Razgallah, Barclays, Mr Mohammad Al Mossawi, Moody's Analytics

10.50 Women’s Group Roundtable Discussion (South Drawing Room) 12.20 Tea & Coffee break

Iraq Britain Business Council (IBBC), a company registered in England and Wales with company number 06929280 Registered as an NGO in Iraq with registration number 2D76104

 

12.45 Session 3: Project Finance
Chairman: Mr John Curtin, E&Y
Panellists: Mr Khalid Murad, DG Public Debt - GOI, Ms Cristina Bergomi, GE, Mr Adeeb Nezer, UB Holding, Mr Faruq Mohammed, Standard Chartered Bank, Mr Tim Palmer, UKEF

12.45 Insurance Roundtable Discussion (South Drawing Room)
Chairman: 
Ms Sarah Safa Kasim & Mr Douglas Way, Al Maseer Insurance
Panellist: Mrs Israa Dawood, Legal Advisor to the National Insurance Company at the Ministry of Finance

12.45 KRG Ministerial Round Table Discussion (North Drawing Room) 13.30 The Rasmi Al Jabri Award
 

13.40 Lunch, Long Parlour
 

14.50 Tech Forum (South Drawing Room)

14.50 Privatisation of State-Owned Enterprises Roundtable Discussion (North Drawing Room)

14.50 Session 4: Energy Transition  Challenges and Opportunities
Chairman: Dr Luay Al Khateeb, Iraq Energy Institute
Panellists: Mr Kareem Hattab, Deputy Oil Minister Upstream; Mr Zaid Elyaseri, BP; Mr Rasheed Janabi, GE Iraq;

 

16.00 Tea & Coffee Break
 

16.20 Energy Transition Roundtable Discussion (room tbc)
16.20 Ministry of Oil Investment Projects Roundtable Discussion (room tbc)

16.20 Session 5: Education and Skills
Chairman: Professor Mohammed Al Uzri, IBBC
Panellists: Mr Hal Miran, Mselect, Mr David Tannourji, Mselect, Ms Anna Esaki-Smith, Education Rethink, Mr Tony Degazon, City & Guilds

 

17.40 Close of the conference

Sponsors:
Gold Sponsors 
 Sardar Group & Hydro-C

Iraq Britain Business Council (IBBC), a company registered in England and Wales with company number 06929280 Registered as an NGO in Iraq with registration number 2D76104

 

https://iraqbritainbusiness.org/wp-content/uploads/2022/01/2022-05-11-Spring-Conference-Agenda.pdf

Edited by Carrello
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Nazim: We are preparing an economic report for the current government

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Baghdad / NINA / - The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, said: "We are working on preparing the economic report for the current government."

He added in the weekly press briefing: "There is an increase in Iraq's share of oil extraction, and its costs must be approved in a special budget."/
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