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The Prime Minister meets the representative of the International Monetary Fund. This is the highlight of what the two sides discussed.


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Parliamentary Finance discusses with the World Bank the submission of a full budget and its final accounts

Parliamentary Finance discusses with the World Bank the submission of a full budget and its final accounts
  
The Parliamentary Finance Committee discussed with the World Bank delegation the follow-up of loans for projects financed by the Bank within the Federal Budget Law for the year 2023, and the mechanism for automating the financial system in the country.

At the beginning of the hosting at the House of Representatives, the committee welcomed the World Bank delegation, "appreciating the Bank's role in supporting the Iraqi government to finance spending sections with loans necessary for the implementation of projects according to spending units, and joint cooperation between the two sides."
The Finance Committee also discussed finding appropriate solutions to implement the projects that have been signed with the World Bank and how to finance spending units, in addition to reviewing the acceleration of the implementation of projects throughout Iraq, as well as the need to maximize revenues by switching from the paper system to the electronic system.
The Committee listened to the World Bank delegation on its visit to the Ministry of Finance related to project financing for expenditure units and disbursement of loans in this regard, as well as reviewing the vision of the Ministry of Finance on completing the agreed points in accordance with the new vision of the Ministry, where the delegation indicated the existence of the appropriate ground to achieve the steps of implementing projects, stressing its full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.
The Committee discussed with the International Bank the possibility of benefiting by providing assistance in preparing an integrated financial system (IFMS), submitting a full budget and preparing final accounts reports for the draft budget.
At the end of the meeting, the committee affirmed its aspiration to shift from the paper system to the electronic system to make progress in modern financial transactions and prepare an integrated project in this regard.

 

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Budget and Final Accounts on the World Bank Table in Parliament

1679839165306.jpg
2023-03-26 08:02
 

Shafaq News / hosted the Finance Committee in the House of Representatives Iraqi, on Sunday, the World Bank delegation, to follow up on loans for funded projects by the bank within the federal budget law for the year 2023, and the mechanism of automating the financial system in the country.

 

The committee, headed by MP Atwan Al-Atwani, welcomed the presence of a number of of its members at the beginning of the hosting, the World Bank delegation, appreciating the role of the World Bank in supporting The Iraqi government to finance the expenditure sections with loans necessary for the implementation of projects by units Spending and joint cooperation between the two sides.

The Finance Committee discussed ways to find appropriate solutions to implement Projects signed with the World Bank and how to finance spending units, in addition to to reconsider the implementation of projects in Iraq and accelerate their pace, as well as the need to maximize Revenue through the shift from paper-based to e-system.

The Committee heard from the World Bank delegation on its visit to Ministry of Finance related to project financing for expenditure units and disbursement of loans in this regard, as well as Informed of the vision of the Ministry of Finance on completing the agreed points in accordance with the vision the new ministry, where the delegation indicated the existence of the appropriate ground to achieve the implementation steps projects, stressing his full commitment to provide support and assistance to automate financial management The public in Iraq and making progress.

The Committee discussed with the World Bank the possibility of benefiting from During the provision of assistance in the preparation of an integrated financial system project (IFMS), the submission of a full budget and the preparation of final accounts reports for the project Balancing.

At the end of the meeting, the Parliamentary Finance Committee affirmed its aspiration for "transformation." From the paper system to the electronic system to make progress in modern financial transactions And the preparation of an integrated project in this regard."

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Parliament discusses with the World Bank the financing of projects and the transition towards the electronic system in financial transactions
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Economy News / Baghdad

On Sunday, the Finance Committee of the House of Representatives hosted a World Bank delegation to follow up on loans for projects financed by the Bank within the Federal Budget Law for the year 2023, and the mechanism for automating the financial system in the country.

The Finance Committee discussed ways to find appropriate solutions to implement the projects signed with the World Bank and how to finance spending units, in addition to reviewing the implementation of projects in Iraq and accelerating their pace, as well as the need to maximize revenues by switching from the paper system to the electronic system. According to the media of the House of Representatives.

The Committee listened to the World Bank delegation on its visit to the Ministry of Finance related to project financing for expenditure units and disbursement of loans in this regard, as well as being briefed on the vision of the Ministry of Finance on completing the agreed points in accordance with the new vision of the Ministry, where the delegation indicated the existence of the appropriate ground to achieve the steps of implementing projects, stressing its full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.

The committee discussed with the World Bank the possibility of benefiting by providing assistance in preparing an integrated financial system (IFMS), submitting a full budget and preparing final accounts reports for the draft budget.

At the end of the meeting, the Parliamentary Finance Committee affirmed its aspiration to "shift from the paper system to the electronic system to make progress in modern financial transactions and prepare an integrated project in this regard."

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Added 2023/03/26 - 5:12 PM

  

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The budget and final accounts are on the table of the World Bank in Parliament

1679839165306.jpg
2023-03-26 10:02
 

 

Shafaq News / The Finance Committee in the Iraqi Parliament hosted, on Sunday, a World Bank delegation, to follow up on loans for projects funded by the Bank within the Federal Budget Law for the year 2023, and the mechanism for automating the financial system in the country.

 

 

The committee, chaired by Representative Atwan Al-Atwani, and the presence of a number of its members at the beginning of the hosting, welcomed the World Bank delegation, appreciating the role of the World Bank in supporting the Iraqi government to finance the spending chapters with loans necessary to implement projects according to spending units, and joint cooperation between the two sides.

 

The Finance Committee discussed ways to find appropriate solutions to implement the projects that were signed with the World Bank and how to finance the spending units, in addition to reviewing the implementation of projects in Iraq and accelerating their pace, as well as the need to maximize revenues by switching from the paper system to the electronic system.

 

The committee listened to a delegation from the World Bank regarding its visit to the Ministry of Finance related to financing projects for spending units and disbursing loans in connection with them, as well as briefing them on the vision of the Ministry of Finance on completing the points agreed upon in accordance with the new vision of the ministry, as the delegation indicated that there is the appropriate ground to achieve the steps to implement projects, stressing Full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.

 

The committee discussed with the World Bank the possibility of benefiting by providing assistance in preparing an integrated financial system project (ifms), presenting a complete budget and preparing final accounts reports for the draft budget.

 

At the end of the meeting, the Parliamentary Finance Committee confirmed its aspiration for "the shift from the paper system to the electronic system to make progress in modern financial transactions and to prepare an integrated project in this regard."

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The budget and final accounts are on the table of the World Bank in Parliament

 
1679839165306.jpg
 
2023-03-26 07:02
 

Shafaq News / The Finance Committee in the Iraqi Parliament hosted, on Sunday, a World Bank delegation, to follow up on loans for projects funded by the Bank within the Federal Budget Law for the year 2023, and the mechanism for automating the financial system in the country.

 

The committee, chaired by Representative Atwan Al-Atwani, and the presence of a number of its members at the beginning of the hosting, welcomed the World Bank delegation, appreciating the role of the World Bank in supporting the Iraqi government to finance the spending chapters with loans necessary to implement projects according to spending units, and joint cooperation between the two sides.

 

The Finance Committee discussed ways to find appropriate solutions to implement the projects that were signed with the World Bank and how to finance the spending units, in addition to reviewing the implementation of projects in Iraq and accelerating their pace, as well as the need to maximize revenues by switching from the paper system to the electronic system.

 

The committee listened to a delegation from the World Bank regarding its visit to the Ministry of Finance related to financing projects for spending units and disbursing loans in connection with them, as well as briefing them on the vision of the Ministry of Finance on completing the points agreed upon in accordance with the new vision of the ministry, as the delegation indicated that there is the appropriate ground to achieve the steps to implement projects, stressing Full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.

 

The committee discussed with the World Bank the possibility of benefiting by providing assistance in preparing an integrated financial system project (ifms), presenting a complete budget and preparing final accounts reports for the draft budget.

 

At the end of the meeting, the Parliamentary Finance Committee confirmed its aspiration for "the shift from the paper system to the electronic system to make progress in modern financial transactions and to prepare an integrated project in this regard."

 

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The World Bank confirms its full commitment to provide support and assistance to automate public financial management in Iraq

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World Bank confirms its full commitment to provide support and assistance to automate public financial management in Iraq - Iraq news (iraqakhbar-com.translate.goog)

 

news source /First News Agency
IMG_%D9%A2%D9%A0%D9%A2%D9%A3%D9%A0%D9%A3
 

Today, Sunday, the World Bank confirmed its full commitment to provide support and assistance to automate public financial management in Iraq.

The Media Department of the House of Representatives said, in a statement received by (Al-Oula News), that “the Finance Committee, headed by Representative Atwan Al-Atwani and in the presence of a number of its members, hosted the World Bank delegation to follow up on loans for projects funded by the bank within the Federal General Budget Law for the year 2023, and the mechanism for automating the financial system in Country".

And she added, "The committee welcomed at the outset of hosting the World Bank delegation in the Parliament building, appreciating the role of the World Bank in supporting the Iraqi government to finance the spending sections with the loans necessary to implement projects according to spending units, and joint cooperation between the two sides."

And she continued, "The Finance Committee discussed finding appropriate solutions to implement the projects that were signed with the World Bank and how to finance spending units, in addition to reviewing to expedite the implementation of projects throughout Iraq, as well as the need to maximize revenues through the transition from the paper system to the electronic system." .

She indicated that “the committee listened to a delegation from the World Bank regarding its visit to the Ministry of Finance related to financing projects for spending units and disbursing loans in this regard, as well as briefing it on the vision of the Ministry of Finance on completing the points agreed upon in accordance with the new vision of the ministry, as the delegation indicated that there is the appropriate ground to achieve implementation steps.” projects, stressing his full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.

And she added, “The committee discussed with the World Bank the possibility of benefiting by providing assistance in preparing an integrated financial system project (ifms), providing a complete budget and preparing final accounts reports for the draft budget.”

At the end of the meeting, the committee affirmed its aspiration to shift from the paper system to the electronic system to make progress in modern financial transactions and to prepare an integrated project in this regard.

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Assurances from the World Bank to help Iraq with automation and financial management

Information/Baghdad...

The World Bank affirmed on Sunday its full commitment to providing support and assistance to automate public financial management in Iraq.

The media department of the House of Representatives said in a statement received by Al-Maalouma that “the Finance Committee, headed by MP Atwan Al-Atwani and attended by a number of its members, hosted the World Bank delegation to follow up on loans for projects financed by the Bank within the Federal Budget Law for the year 2023, and the mechanism for automating the financial system in the country.”

She added that "the committee welcomed the World Bank delegation at the beginning of the hosting at the House of Representatives, praising the role of the World Bank in supporting the Iraqi government to finance the spending sections with loans necessary to implement projects according to expenditure units." , and joint cooperation between the two sides.”

She added that "the Finance Committee discussed finding appropriate solutions to implement the projects that were signed with the World Bank and how to finance spending units, in addition to reconsidering to speed up the implementation of projects throughout Iraq, as well as the need to maximize revenues by switching from the paper system to the electronic system.

She pointed out that "the committee listened to the World Bank delegation on its visit to the Ministry of Finance related to the project financing for expenditure units and disbursing loans in this regard, as well as reviewing the vision of the Ministry of Finance on completing the agreed points in accordance with the new vision of the ministry, where the delegation indicated that there is the appropriate ground to achieve the steps of implementing projects, stressing its full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.

"The committee discussed with the World Bank the possibility of benefiting by providing assistance in preparing an integrated financial system (IFMS), submitting a full budget and preparing final accounts reports for the draft budget," she said. Finished 25n

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The Iraqi economy similar to the economies of other countries cannot flourish and grow without achieving financial stability in the general budget, and reforming the financial institutions and infrastructure that enable effective management of such reforms. Therefore, the first axis in this paper focuses on achieving sustainable financial stability, which requires: (i) rationalizing expenditures by taking immediate and medium-term measures applicable to the Iraqi environment; (ii) increasing revenues, improving cash flow, and providing the necessary liquidity to meet expenditures; and (iii) reforming financial management systems, to lay the foundations for reform and empower the institutions to effectively and sustainably manage public finance.

 

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In the presence of the World Bank team. Finance discusses IFMIS implementation challenges

In the presence of the World Bank team. Finance discusses IFMIS implementation challenges
  
Today, Sunday, Finance Minister Taif Sami chaired the coordination meeting of the members of the Steering Committee for the implementation of the IFMIS project.

A statement by the Ministry of Finance, a copy of which was received by Al-Furat News, said that "the meeting took place in the presence of the World Bank team and a number of general managers of the departments concerned with the project."

According to the statement, the meeting discussed "the most important challenges in the implementation of the IFMIS system, and the pilot and comprehensive stages of the project for all expenditure units."

"The implementation of the Public Financial Information Management System in Iraq represents support for the processes of government administrative and financial reform, by providing an integrated system to manage the financial operations of all government departments and replacing them with a unified and integrated government accounting information system that complies with international accounting standards," the statement said.

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Financial Management Information Systems (FMIS) support the automation and integration of public financial management processes including budget formulation, execution (e.g. commitment control, cash/debt management, treasury operations), accounting, and reporting. FMIS solutions can significantly improve the efficiency and equity of government operations, and offer a great potential for increasing participation, transparency and accountability. Whenever FMIS and other PFM information systems (for example, e-procurement, payroll, debt management) are linked with a central data warehouse (DW) to record and report all daily financial transactions, offering reliable consolidated platforms can be referred to as integrated FMIS (or IFMIS). The World Bank is a leading provider of financing and technical assistance for FMIS development.

 

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World Bank Affirms support for Iraq Endeavors to Go Digital

World Bank Affirms support for Iraq Endeavors to Go Digital (basnews.com)

6f682703eaf72be63b0bde825c9aa858_XL.jpg?-62169984000

ERBIL — A delegation from the World Bank on Sunday visited the Iraqi parliament's committee on financial affairs to deepen collaboration on developing the economic and financial infrastructure systems in the country.

"During the meeting, the World Bank delegation affirmed their full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress."

This cabinet of the federal government of Iraq is seeking to develop infrastructure systems to build a robust and diversified economy and enhance transparency and accountability in the country, including through transitioning from financial paperwork to digital services.

Digital services including banking systems are at a primitive stage in Iraq, which is a major reason behind the cumbersome bureaucracy that complicates the everyday business of ordinary citizens at government institutions.

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1 hour ago, NoviceInvestor said:

Thank you all for the positives in the comments to this news  as it’s great to see the World Bank and the Iraqi Economy in the same headline. I am more than ready to 

reap the benefits of the long wait but I realise also that Goose won’t lay the Golden Egg till it’s ready. 

🙏

Ditto..Fat Lady Ain’t Mounting The Stage & Singing Until She is Damn Well Ready.   

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The first  2023/03/27
...
 

 

 Baghdad: morning

 

Yesterday, Sunday, the World Bank reaffirmed its full commitment to providing support and assistance to automate public financial management in Iraq.

 

The Parliament's Media Department stated, in a statement, that "the Finance Committee, headed by Atwan Al-Atwani, hosted a World Bank delegation to follow up on loans for projects funded by the Bank within the budget law for the year 2023, and the mechanism for automating the financial system in the country."

 

She added, "The committee discussed finding appropriate solutions to implement projects that were signed with the World Bank and how to finance spending units, in addition to reconsidering to expedite the implementation of projects throughout Iraq, as well as the need to maximize revenues by switching from a paper system to an electronic system."

 

 The committee listened to the delegation of the World Bank regarding its visit to the Ministry of Finance related to project financing and disbursement of loans in this regard, as well as briefing it on the vision of the Ministry of Finance regarding completing the points agreed upon in accordance with the new vision of the ministry, stressing its full commitment to providing support and assistance to automate public financial management in Iraq and achieve progress. The committee discussed with the bank "the possibility of benefiting by providing assistance in preparing an integrated financial system, the (ifms) project, presenting a complete budget and preparing final accounts reports for the draft budget."

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The World Bank confirms its commitment to suppor t the automation of financial management in Iraq

 
 

 

 

Mubasher: The World Bank confirmed today, Sunday, its full commitment to provide support and assistance to automate public financial management in Iraq.

The Media Department of the House of Representatives said, in a statement received by the Iraqi News Agency (INA), that "the Finance Committee, headed by Representative Atwan Al-Atwani and in the presence of a number of its members, hosted a World Bank delegation to follow up on loans for projects funded by the Bank within the Federal General Budget Law for the year 2023, and the system automation mechanism. finance in the country.

And she continued, "The Finance Committee discussed finding appropriate solutions to implement the projects that were signed with the World Bank and how to finance spending units, in addition to reviewing to expedite the implementation of projects throughout Iraq, as well as the need to maximize revenues through the transition from the paper system to the electronic system." .

She indicated that "the committee listened to a delegation from the World Bank regarding its visit to the Ministry of Finance related to financing projects for spending units and disbursing loans in their regard, as well as briefing them on the vision of the Ministry of Finance on completing the points agreed upon in accordance with the new vision of the ministry, as the delegation indicated that there is the appropriate ground to achieve implementation steps." projects, stressing his full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.

And she added, "The committee discussed with the World Bank the possibility of benefiting by providing assistance in preparing an integrated financial system project ( ifms ), providing a complete budget and preparing final accounts reports for the draft budget."

At the end of the meeting, the committee affirmed "its aspiration to shift from the paper system to the electronic system to make progress in modern financial transactions and to prepare an integrated project in this regard."

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The Minister of Finance is discussing with the International Monetary Fund support for economic reforms
  
{Economic: Al Furat News} The Minister of Finance, Taif Sami Muhammad, discussed today, Wednesday, with the Regional Director of the International Monetary Fund in Iraq, Ghazi Shbeikat, support for economic reforms.
 

A statement by her office, a copy of which {Euphrates News} received, stated that: "The meeting discussed a number of files related to the framework of joint cooperation between the two sides, most notably the provision of the necessary technical advice by the fund to enhance financial reform plans, in addition to the involvement of international experts in the process of developing the sector's performance. Banking and improving accounting systems and budget work.

And Sami stressed that "Iraq is looking forward to more cooperation with the IMF, in support of the government's reform programs that it is implementing in the sectors of finance, economy, investment and sustainable development projects."

For his part, Shbeikat expressed his optimism that "the Iraqi economy will witness an improvement in annual growth rates, and that this improvement will be reflected in supporting the rest of the development sectors."

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International Monetary is optimistic about the Iraqi economy: it is witnessing an improvement

1680093839988.jpeg
2023-03-29 08:44
 

Shafaq News/ The Regional Director of the International Monetary Fund expressed, on Wednesday, his optimism about the improvement of the Iraqi economy, stressing at the same time his support for the government's "reform" programmes.

 

 

The Iraqi Ministry of Finance said, in a statement received by Shafaq News Agency, that its Minister, Taif Sami Muhammad, received today the Regional Director of the International Monetary Fund in Iraq, Ghazi Shbeikat, indicating that the meeting discussed a number of files related to the framework of joint cooperation between the two sides, most notably providing technical advice. necessary by the Fund to enhance financial reform plans, in addition to involving international experts in the process of developing the performance of the banking sector and improving accounting systems and budget work.

 

And the Minister of Finance stressed, according to the statement, that Iraq is looking forward to more cooperation with the IMF, in support of the government's reform programs that it is implementing in the sectors of finance, economy, investment and sustainable development projects.

 

For his part, Shbeikat expressed, according to the statement, his optimism that the Iraqi economy will witness an improvement in annual growth rates, and that this improvement will be reflected in supporting the rest of the development sectors.

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money and business
   

Economy News / Baghdad
Today, Wednesday, Finance Minister Taif Sami Muhammad confirmed Iraq's aspiration for more cooperation with the IMF.

 

The Ministry of Finance said in a statement, "The Minister of Finance, Taif Sami Muhammad, received today the Regional Director of the International Monetary Fund in Iraq, Ghazi Shbeikat," noting that "the meeting discussed a number of files related to the framework of joint cooperation between the two sides, most notably the provision of the necessary technical advice by The fund to promote financial reform plans, in addition to involving international experts in the process of developing the performance of the banking sector and improving accounting systems and budget work.

 

And the Minister of Finance confirmed that "Iraq is looking forward to more cooperation with the IMF, in support of the government's reform programs that it is implementing in the sectors of finance, economy, investment and sustainable development projects."

While Shbeikat expressed his optimism "that the Iraqi economy will witness an improvement in annual growth rates, and that this improvement will be reflected in supporting the rest of the development sectors."

 

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Added 03/29/2023 - 3:55 PM
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Finance is discussing with the International Monetary Fund joint cooperation and developing the performance of the banking sector

1043488-9a5219e7-4681-4fd6-9d15-16368dc4
Bagdad (NINA) - The Ministry of Finance discussed with the International Monetary Fund (IMF) joint cooperation and support for financial reforms and the development of the performance of the banking sector.
The Ministry of Finance said in a statement: “Minister Taif Sami Mohammed met with the Regional Director of the International Monetary Fund in Iraq, Ghazi Shbeikat, and discussed with him a number of files related to the framework of joint cooperation between the two sides, most notably the provision of the necessary technical advice by the Fund to promote financial reform plans, in addition to the involvement of international experts in the process of developing the performance of the banking sector and improving accounting systems and budget work.

The minister stressed that Iraq is looking forward to further cooperation with the IMF, in support of the government's reform programs implemented in the sectors of finance, economy, investment and sustainable development projects.
For his part, Shbeikat expressed "optimism that the Iraqi economy will witness an improvement in annual growth rates and that this improvement will be reflected in the support of the rest of the development sectors."
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From the White Papers;

 

 Reforming financial management systems
1) Accelerate implementation of the Integrated Financial Information Management System project (IFMIS) to modernize the public financial management and the “Consolidated Treasury Account (TSA)” in cooperation with the World Bank.
2) Conduct a comprehensive census of government employees in order to implement an electronic HR system linked to payroll systems and other databases, and develop a management software for biometric data of all public sector employees.
3) Harmonize government salaries and allocations according to international standards, review job levels in a consistent and rational manner, and develop and establishing a medium-term financial goal for public sector wages and salaries.
4) Restructure the domestic government debt.
5) Amend the law of Ministry of Finance to update and restructure it according to the latest international standards, assess its functions and responsibilities to make it the only executive body responsible for implementation of the public financial policy, establishing, implementing and monitoring the Public Finance Management System (PFM), so that MoE assumes full responsibility for implementation of the PFM and monitoring its performance.
45

6) Building technical and administrative capacities and skills of the employees of Ministry of Finance and for all posts, and establish a specialized public finance management institute to provide training and strengthen the skills of all medium and high-rank employees as well as front-line employees within Ministry of Finance as the first step, and then roll out to cover all employees of the public sector.
7) Strengthen the administrative and financial capabilities of the Ministry of Finance in the field of data collection and projections, and reporting on macroeconomic factors.
😎 Reviving the petrodollars and customs revenues, and the commitment related to sharing revenues with governorates, according to the laws in force.
9) Establish a program-based public budgetary framework (PBB) and implement it on the medium term (3-5 years), including institutional restructuring, capacity building and generating quarterly budget reports for auditing and control purposes.
10) Review the design and funding of the investment budget to ensure project financing over the project life in order to prevent delays due to the impact of delayed budget approval and execution.
11) Establish sustainable formal structures and systems to implement the principles of fiscal federalism.
12)Study the current exchange rate of the dollar against the Iraqi Dinar (IRD), taking into consideration the requirements of financial and monetary stability and realizing competitiveness for the Iraqi economy.
13) Improve the public investment framework by setting medium-term investment goals as part of the GDP, and redefine the public investment management system (PIM) based on the international best practices, link public investments with the national and sectoral strategic framework, operationalize the central monitoring system to review and monitor project implementation, auditing, reporting, evaluation and accountability, as well as integrating GDP measurement system with the integrated financial management information system.
14)Establish an advisory team consisting of economists with international experience and reputation to support the reform process.

 

Go Iraq 

Go reforms 

Go open market economy 

Go stronger dinar $1+

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International Monetary is optimistic about the Iraqi economy: it is witnessing an improvement

International Monetary is optimistic about the Iraqi economy: it is witnessing an improvement

2023-03-29 05:44

International Monetary is optimistic about the Iraqi economy - it is witnessing an improvementShafaq News/ The Regional Director of the International Monetary Fund expressed, on Wednesday, his optimism about the improvement of the Iraqi economy, stressing at the same time his support for the government’s “reform” programmes.

The Iraqi Ministry of Finance said, in a statement received by Shafaq News Agency, that its Minister, Taif Sami Muhammad, received today the Regional Director of the International Monetary Fund in Iraq, Ghazi Shbeikat, indicating that the meeting discussed a number of files related to the framework of joint cooperation between the two sides, most notably providing technical advice. necessary by the Fund to enhance financial reform plans, in addition to involving international experts in the process of developing the performance of the banking sector and improving accounting systems and budget work.

And the Minister of Finance stressed, according to the statement, that Iraq is looking forward to more cooperation with the IMF, in support of the government’s reform programs that it is implementing in the sectors of finance, economy, investment and sustainable development projects.

For his part, Shbeikat expressed, according to the statement, his optimism that the Iraqi economy will witness an improvement in annual growth rates, and that this improvement will be reflected in supporting the rest of the development sectors.

shafaq.com

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  • 6ly410 changed the title to The Prime Minister meets the representative of the International Monetary Fund. This is the highlight of what the two sides discussed.

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