An agreement to implement projects in the poorest areas

[Sage449]

I've been ready for a long time. Do it!

[rvmydinar]

2 hours ago, screwball said:

World bank is the enemy…part of un…WEF…..UN…NWO and deep state 

Now we can only hope that Iraq isn't really really going to bankrupt before the dinar pops first.

[Dretown39]

10 minutes ago, rvmydinar said:

Now we can only hope that Iraq isn't really really going to bankrupt before the dinar pops first.

Seriously doubt it! We'll be fine!

[rvmydinar]

9 hours ago, Dretown39 said:

Seriously doubt it! We'll be fine!

I like the way you said that. Hope you're right.

[yota691]

Finance: IFMIS will contribute to improving control over the accounts and not exceeding the appropriations in the budget

money and business
   

Economy News - Baghdad
The Ministry of Finance announced, on Sunday, that the IFMIS modernization system project will provide 5 positive features, while it indicated that among these features is improving oversight of accounts and not exceeding appropriations in the budget.

 

A statement by the ministry stated, "Minister of Finance Taif Sami Muhammad chaired the coordination meeting with the steering committee to implement the IFMIS modernization system project."

The statement pointed out that "the meeting was attended by the representative of the World Bank, Salam Maarouf, and the representative of the AARC consulting company responsible for preparing bid documents to purchase the requirements of the system, in the presence of the directors of the budget, accounting, legal, administrative, and information technology departments in the ministry."

 

He pointed out, "During the meeting, a presentation was heard by the consulting company regarding the preliminary selection document to be published with the aim of attracting discreet companies to implement the system project, which in turn will contribute to increasing the speed of electronic communication of the Ministry of Finance with the rest of the ministries and institutions, and improving the process of monitoring accounts." and not to exceed the financial appropriations established in the budget.

 

He continued, "The new system also provides a safe and integrated information environment for financial management operations in a way that allows safe transmission of information between ministries and government departments, and secures an integrated environment in which information is available in a timely and accurate manner to all concerned parties regardless of their geographical locations."

 

 

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Views 84

Added 02/26/2023 - 3:51 PM

[screwball]

On 2/26/2023 at 1:35 AM, rvmydinar said:

Why did the world bank want to bankrupt Iraq? The world bank didn't want the IQD to RV? Are the debts the only reason why the IQD hasn't been rv'ing for almost 20 years?

never ending war and laundering of USD to fund terrorist organisation and destabilise the east!

[screwball]

15 minutes ago, RJG said:

“The budget for the year 2023 will be presented to the House of Representatives next March, and it will be explosive, as it will shed light on raising the livelihood of the Iraqi citizen.”

⏰🙏

[screwball]

 

24 minutes ago, RJG said:

“The budget for the year 2023 will be presented to the House of Representatives next March, and it will be explosive, as it will shed light on raising the livelihood of the Iraqi citizen.”

has to be referring to purchasing power????

[6ly410]

"Providing the requirements of an economic renaissance"

Taif Sami: We are proceeding with a package of fundamental reforms - urgent

Economy | Today, 13:38 

 

 

Taif Sami: We are proceeding with a package of fundamental reforms - Urgent » Baghdad Today News Agency

    

 

Baghdad Today -

Minister of Finance Taif Sami to the Regional Representative of the World Bank: The government is proceeding with a package of reforms to provide the requirements for a balanced economic renaissance in the country

[screwball]

Is the foreign exchnage inflows and outflows that will bring us the high rate of exchnage….shabibi stated it and it was just stated in one of the articles in the past few days..

[yota691]

Details of Minister Taif Sami's meeting with the World Bank's regional representative

2023.03.05 - 14:02

 

Baghdad - Nas   

Finance Minister Taif Sami Muhammad received, on Sunday, the Director of the World Bank's office in Iraq, Richard Abdel Nour, and the Director of the Regional Office for the Middle East and North Africa, John Christophe.  

 

  

  

And a statement by the Ministry of Finance, which “NAS” received a copy of, (March 5, 2023), stated, “The meeting witnessed a discussion of ways to consolidate joint cooperation between Iraq and the World Bank, and an emphasis on continuing bilateral coordination in the field of cooperation to promote sustainable development in the financial, economic and investment sectors, and in accordance with The vision of the Iraqi government aimed at benefiting from all forms of international support necessary to support development projects in Iraq.  

  

The statement added, "Minister Taif Sami appreciated the role played by the World Bank in supporting the government's reform directions, especially as it is determined to proceed with a package of fundamental reforms in order to provide the requirements of a balanced economic renaissance in the country by diversifying sources of income and involving the private sector in all activity." economy and opening new horizons of promising development opportunities in Iraq.  

  

For his part, representatives of the World Bank, according to the statement, expressed their support for the efforts of the Iraqi government in the reform package that it is working to achieve, despite the global economic challenges. ".  

[yota691]

Finance Minister: We are determined to proceed with a package of fundamental reforms

money and business
   

Economy News _ Baghdad
Today, Sunday, Minister of Finance, Taif Sami Muhammad, discussed with the Director of the World Bank's office in Iraq, Richard Abdel Nour, and the Director of the Regional Office for the Middle East and North Africa, John Christophe, to enhance efforts to support economic development and investment projects in Iraq.

The ministry said, in a statement received by "Al-Iqtisad News", that "The Minister of Finance, Taif Sami Muhammad, received the Director of the World Bank's office in Iraq, Richard Abdel Nour, and the Director of the Regional Office for the Middle East and North Africa, John Christof," noting that "the meeting witnessed a discussion of ways to consolidate joint cooperation between Iraq and the World Bank, and the emphasis on the continuation of bilateral coordination in the field of cooperation to promote sustainable development in the sectors of finance, economy and investment, in accordance with the vision of the Iraqi government aimed at benefiting from all forms of international support necessary to support development projects in Iraq.

 

Sami appreciated the role played by the World Bank in supporting the government's reform directions, especially as it is determined to proceed with a package of fundamental reforms in order to provide the requirements of a balanced economic renaissance in the country by diversifying sources of income, involving the private sector in the overall economic activity, and opening new horizons of economic activity. Promising development opportunities in Iraq," according to the statement.

 

For his part, representatives of the World Bank expressed their support for the efforts of the Iraqi government in the reform package that it is working to achieve, despite the global economic challenges. ", according to the statement.

 

 

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140 views

Added 03/05/2023 - 2:15 PM

[6ly410]

Finance Minister: We are determined to proceed with a package of fundamental reforms

 

 

 Today, 13:35A

 

Baghdad – Finance
Minister Taif Sami said on Sunday that the government is determined to proceed with a package of fundamental reforms in order to provide the requirements for a balanced economic renaissance in the country.

o a statement by the Ministry of Finance, received by the Iraqi News Agency (INA), "Minister of Finance Taif Sami received the Director of the World Bank Office in Iraq, Richard Abdel Nour, and the Director of the Regional Office for the Middle East and North Africa, John Christophe."

The statement added that "the meeting discussed ways to consolidate joint cooperation between Iraq and the World Bank, and to emphasize the continuation of bilateral coordination in the field of cooperation to promote sustainable development in the financial, economic and investment sectors, in line with the vision of the Iraqi government aimed at benefiting from all forms of international support necessary to support development projects in Iraq."
Minister Taif Sami praised "the role played by the World Bank in supporting the government's reform directions."
She stressed that "the government is determined to proceed with a package of fundamental reforms in order to provide the requirements for a balanced economic renaissance in the country, by diversifying sources of income, involving the private sector in the overall economic activity and opening new horizons of promising development opportunities in Iraq."
For his part, representatives of the World Bank expressed their "support for the efforts of the Iraqi government in the package of reforms it is working to achieve, despite the global economic challenges," praising at the same time "trends to achieve regional economic integration in partnership with the rest of the countries of the region to serve the strengthening of the pillars of the national economy and its prosperity."

[screwball]

9 hours ago, 6ly410 said:

praising at the same time "trends to achieve regional economic integration in partnership with the rest of the countries of the region to serve the strengthening of the pillars of the national economy and its prosperity."

This spells out in mHO that other currencies the euro and usd along with yuan will strength their currency and the currency of other nations

[screwball]

15 hours ago, yota691 said:

determined to proceed with a package of fundamental reforms in order to provide the requirements of a balanced economic renaissance in the country by diversifying sources of income

Boom💥

[yota691]

Sudanese and the World Bank delegation are discussing joint cooperation and suppor t for the government's plans

• Time: 03/06/2023 12:39:14
•  
• Read: 1,183 times

  

{Politics: Al-Furat News} Prime Minister Muhammad Shia Al-Sudani discussed, today, Monday, during his meeting with the Regional Director for the Mashreq Countries at the World Bank, Jean-Christophe Carré, and his accompanying delegation, ways of joint cooperation and support for the government's plans.

The media office of the Prime Minister stated in a statement received by {Euphrates News}, that the latter "received the Regional Director for the Levant Countries Region at the World Bank, Jean-Christophe Carré, and his accompanying delegation. During the meeting, they discussed various aspects of cooperation between Iraq and the World Bank, and ways Supporting the growing indicators of the Iraqi economy, and government efforts in this regard.

The two sides stressed "cooperation in the field of banking reform adopted by the government, and areas of enhancing progress in addressing service priorities and the reform pursued by the government program."

The meeting discussed, according to the statement, "opportunities for financial cooperation in supporting social protection programs that have witnessed a comprehensive expansion, as well as areas of supporting the transport sector in Iraq, and government plans to expand its infrastructure."

[yota691]

The Sudanese government is preparing for the unified treasury system.. It regulates spending and curbs corruption

 

March 5, 2023

Baghdad / Obelisk: In an important step on the road to organizing financial policy and developing its mechanisms, the office of the Iraqi Prime Minister, Muhammad Shia' al-Sudani, announced the implementation of the "unified treasury account" system, in coordination with those responsible for monetary and financial policy.

The project aims to end corruption and chaos in spending, and to provide real information about the amount of expenditures, which are distributed over large numbers of accounts, which makes auditing difficult and provides wide opportunities for manipulating public money.

The unified treasury system provides centralization in monitoring government bank account balances.

Iraqi institutions used to have their own accounts, which they controlled separately.

The International Monetary Fund emphasized that the “sound financial framework” in Iraq is “a critical element in overcoming economic challenges,” as “policy makers should carefully find a balance between the goals of saving exceptional and unexpected oil profits, in order to enhance the ability to withstand in the face of The volatility of oil prices in the future, the increase in social spending is very important, and spending on public investments, while gradually reducing the level of dependence on oil.

He added, in a statement, at the end of last December, that “the implementation of the public finance framework … must be accompanied by sustainable efforts,” which include “raising the efficiency of public financial management, especially by establishing the unified treasury account, and implementing the Integrated Financial Management Information System (IFMIS), urgently, in addition to strengthening control over potential contingent liabilities and liabilities.

The Iraqi economic expert, Salam Sumaisem, attributed Iraq’s delay in implementing this system to “the multiplicity of decision-making bodies in Iraq, and the fragmentation of powers in some years.”

And if the unified treasury system is implemented, it will control public spending.

Prime Minister Muhammad al-Sudani said the unified treasury account system would contribute to reducing corruption.

And the journalist Ahmed Ali talks about the weakness of the financial policy in Iraq, but rather it is almost missing, forming a knot before approving the budget in light of the price of the dinar, and a barrel of oil pending resort to the financial management system or law.

Ali al-Rubaie, who is interested in Iraqi affairs, also talks about that working on the electronic platform is the real challenge for the success of financial policy, and one of the most important ways of success is the approval of the money settlement law for all importing companies, communications, and Iraqi and foreign investors, considering that all of these must have bank accounts in Iraq.

[Laid Back]

Unified treasure system can be defined as a unified structure of government bank accounts enabling consolidation and optimum utilization of government cash resources. It separates transaction level control from overall cash management. In other words, a UTS is a bank account or a set of linked bank accounts through which the government transacts all its receipts and payments and gets a consolidated view of its cash position at the end of each day.

 

 

 

[6ly410]

Parliamentary Finance discusses joint cooperation with the World Bank in supporting the implementation of projects

Monday 06, March 2023 14:41 |EconomicalViews: 312

Parliamentary Finance discusses with the World Bank joint cooperation in supporting the implementation of projects (ninanews-com.translate.goog)

Bagdad (NINA) - The Parliamentary Finance Committee hosted the World Bank delegation to follow up on the projects financed by the Bank within the Federal Budget Law for the year 2023, and the joint cooperation between the two sides. During the hosting at the National Council building, the parliamentary committee, headed by MP Atwan Al-Atwani, reviewed several axes, the most important of which is the file of the Federal Budget Law for the year 2023 and its communication with the government, as the citizen needs job opportunities that depend on approving the budget and including those paragraphs that concern a large segment of the poor classes, adding, the existence of a financial deficit in the budget that can be compensated by increasing oil prices in the hope of achieving self - sufficiency and ending the deficit during the current year.

The committee indicated its role in including a number of files related to the health sector through the establishment of centers dedicated to cancer, and treatment centers for heart diseases because they are not located inside Iraq, forcing patients to travel outside Iraq and its money goes outside the country, as well as seeking to establish hospitals in all regions of Iraq, in addition to paying attention to the side of the poor classes and including a number of families with social care and including them in the budget.
Regarding the electricity sector, the committee clarified its interest in introducing financial allocations to the energy sector through contracting with Siemens and GE, adding that the government is interested in establishing environmentally friendly plants to increase production and reduce environmental pollution.
The Committee also assured the World Bank delegation to pay attention to the water file and provide job opportunities for the people of agricultural governorates, and continued that the water crisis has created a big problem, demanding to share the damage with the riparian countries, such as Iraq He is serious about improving the modern irrigation system and emphasizing the upstream countries by launching its water shares.

The Finance Committee pointed to the trend towards achieving sustainable development and supporting the private sector through the legislation of important laws, including the law of partnership between the public and private sectors, and the law of social security to strengthen the Iraqi economy and create an economic Vision to maximize revenues, stressing the need not to rely on oil by finding alternatives and developing other sectors, whether agricultural or industrial, with the imposition of a tax and customs system that supports the private sector.
During the hosting, the Finance Committee appreciated the role of the World Bank team in continuous communication with the government to learn about its work as far as they are concerned and provide the necessary support.
For his part, the World Bank team thanked the hosting, appreciating the role of the Finance Committee and the Council in general to pay attention to all these axes, noting that he has frequent visits to Iraq in order to follow up on joint projects between the government and the World Bank, funded by the Bank.

He stressed the need to review all projects according to the priority of the Iraqi government and the rates of achievement, the most important of which is the development of the financial sector, social security and investment projects, adding the need to diagnose the challenges in the Implementation of projects to achieve the desired results through cooperation between the Finance Committee and the World Bank.
The meeting stressed the shift from the theoretical side to the practical side, and the question of the bank's line in stimulating the private sector and reducing expenditures, implementing strategic projects for economic reform and sustainable development events, strengthening financial control, in addition to following up on the loan file in financing priority
projects.P

[6ly410]

Banking reform and the transport sector. Meeting between Al-Sudani and a delegation from the World Bank

economy

Ultra Iraq

06-Mar-2023

MEET THE WORLD BANK'S REGIONAL DIRECTOR FOR THE MASHREQ (FACEBOOK)

 

On Monday, March 6, 2023, Prime Minister Mohamed Shia al-Sudani discussed several files with a delegation from the World Bank, including banking reform and financial cooperation to support social protection and the transport sector.

The Prime Minister and the World Bank delegation stressed cooperation in reforming the banking sector in Iraq

The Sudanese office said in a statement seen by "Ultra Iraq", that the latter received "the Regional Director for the Mashreq region at the World Bank, Jean-Christophe Carré, and his accompanying delegation," and discussed "various aspects of cooperation between Iraq and the World Bank, and ways to support the growing indicators of the Iraqi economy, and the government efforts made in this context."

 

The meeting, which brought together Al-Sudani with the regional director of the bank, during which "emphasis was placed on cooperation in the field of banking reform adopted by the government, and areas of enhancing progress in addressing service priorities and reform pursued by the government program."

Two weeks ago, Finance Minister Taif Sami spoke with a delegation from the World Bank about "Iraq's aspiration to support the implementation of structural reform programs adopted by the new Iraqi government.

The meeting between the Prime Minister and the World Bank delegation touched on "opportunities for financial cooperation in supporting social protection programs," which, according to the statement, have witnessed "comprehensive expansion," as well as "areas of support for the transport sector in Iraq, and government plans prepared to expand its infrastructure."

[6ly410]

 

 

#السوداني discusses with the World Bank delegation cooperation in the field of banking reform and support for government plans #UTVIraq #UTV_Iraq

[yota691]

Sudani and the World Bank delegation discuss ways of joint cooperation

The first  2023/03/07

 

 

  Baghdad: morning

 

Yesterday, Monday, Prime Minister Muhammad Shia al-Sudani discussed with the World Bank delegation ways of joint cooperation and support for the government's plans, while stressing the importance of international efforts supporting Iraq in implementing its government program.

A statement from his office stated that "the Prime Minister received the Regional Director for the Mashreq Countries at the World Bank, Jean-Christophe Carré, and his accompanying delegation. During the meeting, they discussed various aspects of cooperation between Iraq and the World Bank, ways to support the growing indicators of the Iraqi economy, and government efforts in this regard." As well as emphasizing cooperation in the field of banking reform adopted by the government.

He pointed out that "the meeting touched on opportunities for financial cooperation in supporting social protection programs that have witnessed a comprehensive expansion, as well as areas of supporting the transport sector in Iraq, and government plans to expand its infrastructure."

Meanwhile, the Prime Minister revealed that Iraq is seeking more cooperation with UNESCO in various files. 

Another statement stated that "Al-Sudani received the Director-General of the United Nations Educational, Scientific and Cultural Organization (UNESCO), Audrey Azoulay, and her accompanying delegation."

Al-Sudani appreciated, according to the statement, "the organization's efforts and initiatives in Iraq, in continuation of what was discussed with Azoulay during the prime minister's recent visit to Paris."

He expressed "Iraq's aspiration to enhance the international organization's support for its efforts in the field of recovering stolen Iraqi antiquities," stressing "his high evaluation of the organization's efforts to include many Iraqi tangible and natural heritage files in the World Heritage List."

Al-Sudani pointed out that "Iraq is seeking more cooperation with UNESCO in various files."

For her part, Azoulay affirmed the international organization's openness to all forms of cultural, scientific and heritage cooperation with Iraq," noting "the desire to provide support in the matter of updating curricula and making them parallel to international standards."

In addition, the Prime Minister stressed the importance of international efforts in support of Iraq in implementing its government program.

The statement indicated that "Al-Sudani received the delegation of the European Parliament, and during the meeting they reviewed the overall Iraqi-European relations, and ways of developing them in various aspects of joint cooperation, and discussed mechanisms to enhance Iraq's capabilities in facing economic challenges and the effects of climate change."

The Prime Minister added, according to the statement, "Iraq's approach is to follow a balanced policy in international relations," appreciating "the European Union's positions towards Iraq at different stages."

He pointed to "the importance of international efforts supporting Iraq in implementing its governmental program, and providing assistance in the field of recovering looted funds and those wanted by the Iraqi judiciary."

In turn, the members of the European delegation affirmed "their support and support of their countries for the Iraqi efforts in the field of reform."

[yota691]

Masrour Barzani receives a delegation from the World Bank.. 3 files on the discussion table

2023.03.07 - 15:49

 

Baghdad - Nas  

On Tuesday, the President of the Kurdistan Regional Government, Masrour Barzani, received a delegation from the World Bank, headed by the Regional Director of the Middle East and North Africa Department, Jean-Christophe Carré, and his accompanying delegation.  

  

 

  

Barzani said in a statement, which "NAS" received a copy of, (March 7, 2023), that "during the meeting, we discussed the work of the World Bank and its joint projects with the Kurdistan region, especially in the field of laying infrastructure and roads, as well as social affairs and financial management."  

  

He added, "The meeting also witnessed an emphasis on the importance of enhancing coordination and cooperation between the two sides, as well as supporting the reforms initiated by the ninth ministerial formation of the Kurdistan Regional Government, especially in the field of activating the banking system and providing public services electronically."  

  

He continued, "We also touched on the conditions of the displaced and refugees in the Kurdistan region, with an emphasis on the importance of the international community providing the necessary support to the regional government in this regard."  

[yota691]

An agreement to implement projects in the poorest areas

Economical  04/10/2023

 

 

 Baghdad: morning

 

The Ministry of Planning agreed with the World Bank to prepare mechanisms to accelerate the implementation of service projects in the poorest regions and villages. 

 

A statement issued by the ministry stated: The Minister of Planning, Muhammad Ali Tamim, discussed with the representative of the World Bank in Iraq, Richard Abdel Nour, a number of issues related to joint cooperation between Iraq and the Bank.

 

He added that the discussions focused on working mechanisms in implementing service projects in the poorest regions and villages, which are being implemented by the Ministry of Planning, within the Social Fund for Development funded by a loan from the World Bank, and the two parties agreed to work jointly to develop appropriate mechanisms that would accelerate the pace of work in completing These projects are due to the importance they represent in enabling the people of the covered villages to obtain basic services.

 

The meeting also witnessed, according to the statement, a discussion of joint work between the Ministries of Planning and Finance and the World Bank to develop appropriate mechanisms and instructions that would address and overcome all problems facing the implementation of projects funded by the World Bank and international organizations.

 

In another context, the spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said: The ministry is carrying out a qualitative survey of micro, small and medium enterprises in the governorates of Babil, Dhi Qar and Kirkuk.

 

He added that the survey was carried out in cooperation with the United Nations Development Program and with the support of the United States Agency for Development, where it comes  

Within a plan to identify the most important obstacles and challenges facing the private sector.

He pointed out that the most important indicators that were discussed were loans and banking facilities, labor and employment, as well as the development and development of the sector. 

private.

[yota691]

Iraq is discussing with the World Bank to accelerate work on projects funded by grants and loans

 

The Ministry of Planning with the representative of the World Bank in Iraq, Richard Abdel Nour,

 April 09, 2023 01:30 PM

Mubasher: Today, Sunday, the Ministry of Planning discussed with the representative of the World Bank in Iraq, Richard Abdel Nour, the acceleration of work on projects funded by international grants and loans.

 

And the ministry stated in a statement today, Sunday, that "Deputy Prime Minister - Minister of Planning, Muhammad Ali Tamim, met today, the representative of the World Bank in Iraq, Richard Abdel Nour, and his accompanying delegation.

 

And she indicated that "during the meeting, which was attended by the Director General of International Cooperation, Saher Abdul-Kazim, and a number of officials in the ministry, a number of issues related to joint cooperation between Iraq and the World Bank were discussed."

She added, "The meeting dealt with work mechanisms in implementing service projects in the poorest regions and villages, which are being implemented by the Ministry of Planning, within the Social Fund for Development funded by a loan from the World Bank."

She pointed out that "it was agreed to work jointly to put in place appropriate mechanisms that would accelerate the pace of work in completing these projects, given their importance in enabling the people of the included villages to obtain basic services."

The meeting also witnessed a discussion of joint work between the Ministries of Planning and Finance and the World Bank to develop appropriate mechanisms and instructions that would address and overcome all problems facing the implementation of projects funded by the World Bank and international organizations.