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An agreement to implement projects in the poorest areas


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The first  2023/02/01
...
 

 

 Baghdad: Omar Abdul Latif

 

The World Bank has expressed its willingness to work with the Iraqi government to implement investment and reform projects that require large financial resources.

“There is more than one way to implement the climate and development report,” Salim Rouhana, the bank’s sustainable development program official, told Al-Sabah. ability to complete it.

Rouhana added, "The second method is financing, part of which is public, and the other part is private, given that the bank is interested in these sectors to create the political and financing structure, in order to stimulate going to projects in energy, specifically alternative and renewable," noting that "the third method is in the process of Reform is the shift from the immediate and short-term vision to the medium and long-term that requires some security and political stability and the creation of administrations that can complete the work on these projects and implement the vision and direction even within the frameworks of changing governments and policies, and this matter is important, as there must be a kind of continuity In governance to implement medium and long-term projects.

And the regional official in Iraq added, "The World Bank will have a technical and intellectual support role, and it is preparing for the government's request to support investment and reform projects and many tools that we can work with, which require large financial resources and create an environment for the private sector, investment and a lot of knowledge and technologies." And modern ideas through which the World Bank can attract expertise that implemented these projects in other countries.

 

Edited by: Ali Abdel-Khalek

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World Bank Announces Readiness to Work with Iraq to Implement Reforms and Attract Investment

 

Information/Baghdad.The World Bank announced on Wednesday its readiness to work with the Iraqi government to implement investment and reform projects that require large financial resources.
Salim Rouhana, a sustainable development program officer at the bank, said that "there is more than one way to implement the climate and development report," noting that "the report prioritizes reforms, starting with the reforms that are very necessary for the ability to implement projects, with the need for an ability to complete them."

Rouhana added, "The second method is financing, part of which is public, and the other part is private, given that the bank is interested in these sectors to create the political and financing structure, in order to stimulate going to projects in energy, specifically alternative and renewable," noting that "the third method is in the process of Reform is the shift from the immediate and short-term vision to the medium and long-term that requires some security and political stability and the creation of administrations that can complete the work on these projects and implement the vision and direction even within the frameworks of changing governments and policies, and this matter is important, as there must be a kind of continuity In governance to implement medium and long-term projects.

The regional official in Iraq added that "the World Bank will have a technical and intellectual support role, and it is preparing for the government's request to support investment and reform projects and many tools that we can work with, which require large financial resources and Create an environment for the private sector, investment and a lot of knowledge, techniques and modern ideas through which the World Bank can attract the expertise that has implemented these projects in other countries.”

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World Bank announces readiness to work with Iraq to implement financial and economic reforms

World Bank announces readiness to work with Iraq to implement financial and economic reforms – Iraq News Network (aliraqnews.com)

World Bank announces readiness to work with Iraq to implement financial and economic reforms
Last Updated: February 1, 2023 - 10:28 AM

Baghdad / Iraq News Network - The World Bank expressed its readiness to work with the Iraqi government to implement investment and reform projects that require large financial resources.The Bank's sustainable development programs officer, Salim Rouhana, said in an interview with the official newspaper "Al-Sabah" that "there is more than one way to implement the climate and development report," noting that "the report places a priority on reforms, starting with the reforms that are very necessary for the ability to implement projects, with the need for an ability to complete them." Part of it is public, and the other part is private, because the bank is interested in these sectors to create the political and financing structure, in order to stimulate going to projects in energy, specifically alternative and renewable."He continued, "The third way in the reform process is to shift from the immediate and short-term view to the medium and long-term that requires some security and political stability and the creation of departments that can complete the work on these projects and implement the outlook and direction even in the frameworks of changing governments and policies, and this is important, as He pointed out that "the World Bank will have a technical and intellectual support role, and it is preparing for the government's request to support investment and reform projects and many tools that we can work with them, which require large financial resources and create an environment for the private sector and investment and a lot of knowledge, techniques and modern ideas through which the World Bank can attract expertise that has implemented these projects in other countries." You

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Through three methods.. The World Bank: We are ready to work with Iraq to implement reforms
 

Baghdad - people  

The World Bank has expressed its willingness to work with the Iraqi government to implement investment and reform projects that require large financial resources.  

  

  

  

“There is more than one way to implement the Climate and Development Report,” Salim Rouhana, the bank’s sustainable development program officer, said in a statement to the official newspaper, “Nass” (February 1, 2023), noting that “the report prioritizes reforms, starting with the very necessary reforms.” In order to be able to implement projects, with the necessity of having the ability to complete them.  

  

Rouhana added, "The second method is financing, part of which is public, and the other part is private, given that the bank is interested in these sectors to create the political and financing structure, in order to stimulate going to projects in energy, specifically alternative and renewable," noting that "the third method is in the process of Reform is the shift from the immediate and short-term vision to the medium and long-term that requires some security and political stability and the creation of administrations that can complete the work on these projects and implement the vision and direction even within the frameworks of changing governments and policies, and this matter is important, as there must be a kind of continuity In governance to implement medium and long-term projects.  

  

And the regional official in Iraq added, "The World Bank will have a technical and intellectual support role, and it is preparing for the government's request to support investment and reform projects and many tools that we can work with, which require large financial resources and create an environment for the private sector, investment and a lot of knowledge and technologies." And modern ideas through which the World Bank can attract expertise that implemented these projects in other countries.  

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The World Bank praises Al-Sudani's "decisions": Iraq's economy is "developing" despite expectations of deteriorating oil prices

The World Bank praises Al-Sudani's "decisions": Iraq's economy is "developing" despite expectations of deteriorating oil prices » Baghdad Today News Agency (baghdadtoday-news.translate.goog)

 

Economy / Translated Reports |Today, 18:50 |

    
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Baghdad Today - Translator

The World Bank described the current Iraqi economic situation as being in continuous development and growth, despite expectations of deteriorating oil prices. 

The bank said, through a report reported by The National News and its translation (Baghdad Today), that "the Iraqi economy has been recovering gradually and for a while, supported by the rise in oil imports and the local policies taken by the Iraqi authorities. The general outlook in the near term is positive even in the event of a deterioration in oil prices," he said.

The bank praised "the role played by the decisions taken by the Sudanese government, which it said were (appropriate) in developing the economy and maintaining a continuous rate of growth in the near future," warning at the same time of "continuing dependence on oil as the country's main resource."

The bank's expectations pointed to "a high rate of oil export for this year to reach 3.9 million barrels instead of 3.6 for last year, at a price of $83 a barrel," stressing the need for "the Iraqi authorities to take advantage of the current opportunity to address the weakness in its government institutions, which the bank said had stalled." The country's ability to properly invest its resources and provide public services appropriately.

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The World Bank expects the growth of the economy in Iraq to slow down during the years 2023 and 2024

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2023-02-05 01:13
 

 

Shafaq News/ The World Bank expects a slowdown in the rate of economic growth in Iraq during the years 2023 and 2024.

The bank said in a report, seen by Shafaq News agency, that "the growth rate in the Middle East and North Africa region is expected to slow down to 3.5% in 2023 and 2.7% in 2024," noting that "the slowdown is due to the decline in the boom achieved by countries Oil exporters, as growth is expected to slow from 6.1% in 2022 to 3.3% in 2023 and 2.3% in 2024.

 

 

 

He indicated that "growth in Iraq is expected to slow down to 4% in 2023 and to 2.9% in 2024, i.e. less than pre-pandemic levels," noting that it is likely that "a shortage of water and electricity supplies, in addition to what the country is witnessing, will Political instability and violence impede its efforts to achieve stronger growth rates.

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money and business
   

Economy News / Baghdad
Today, Sunday, Minister of Finance, Taif Sami, revealed the basic benefits of the public financial management system.

 

The Ministry of Finance said in a statement that "Finance Minister Taif Sami held, today, a joint meeting with the World Bank team and members of the steering committee for the implementation of the public financial management system project, in the presence of a number of general managers of the departments concerned with the (IFMIS) project," indicating that "the meeting discussed The outputs approved during the previous period, and a review of the next stages of project implementation according to the specified timelines and the allocated costs, as well as examining the extent to which the system responds with the rest of the sub-systems such as preparing the federal budget, procurement and payment systems, fixed assets, the salary system, the revenue system, and cash management.

 

And she continued, "The Minister listened to a detailed presentation on the design and implementation of the next phases of the project, and its direct relationship to the unified treasury account system, in a manner that suits the nature of the financial and accounting system in Iraq, as well as the advantages that the application of the system provides for the optimal use of the state's monetary resources."

 

The minister stressed that "the main benefits of the system are its ability to improve financial and administrative reports and a comprehensive account structure for the federal government and unify the structure of accounts with independent bodies, in addition to issuing reports according to government financial statistics and laying the foundations for decentralized accounts in federal ministries, and adopting an internationally recognized accounting information system." And an information system at the latest international level technically and scientifically, improving control and auditing processes, as well as improving management of revenues, expenses, cash, cash flows, salary accounts, and follow-up on project cost accounts.

 

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Added 02/05/2023 - 3:07 PM
Updated 2023/02/05 - 6:55 PM
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Finance Minister reveals key benefits of public administration system

The Minister of Finance reveals the main benefits of the public administration system (economy-news.net)

9291.jpg

 

Economy News / Baghdad

Finance Minister Taif Sami revealed on Sunday the main benefits of the public financial management system.

The Ministry of Finance said in a statement that "Minister of Finance Taif Sami held, today, a joint meeting with the World Bank team and members of the steering committee for the implementation of the public financial management system project, in the presence of a number of directors general of the departments concerned with the (AFMS) project," noting that "the meeting discussed the outputs approved during the previous period, and reviewed the next stages of implementing the project according to the specified timings and allocated costs, as well as discussing the extent to which the system responds with the rest of the subsystems such as the preparation of the federal budget and procurement systems. payments, fixed assets, payroll system, revenue system and cash management."

She added that "the minister listened to a detailed presentation on the design and implementation of the next stages of the project, and its direct relationship to the unified treasury account system, in a way that suits the nature of the financial and accounting system in Iraq, as well as the advantages provided by the application of the system of optimal use of the state's cash resources."

The minister stressed that "the main benefits of the system are its ability to improve financial and administrative reports, a comprehensive accounting structure of the federal government, unify the structure of accounts with independent bodies, in addition to issuing reports according to government financial statistics, laying the foundations for decentralized accounts in federal ministries, adopting an internationally recognized accounting information system and an information system at the latest international level in terms of technology and science, improving control and auditing processes, as well as improving the management of revenues, expenses, cash, cash flows and accounts. Salaries and follow-up of project cost calculations."

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Added 2023/02/05 - 3:07 PM

Update 2023/02/05 - 8:51 PM

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Finance Minister reveals key benefits of public administration system

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  •  Today, 14:40

Baghdad – Waa

Finance Minister Taif Sami revealed on Sunday the main benefits of the public financial management system.

The Ministry of Finance said in a statement received by the Iraqi News Agency (INA), that "Minister of Finance Taif Sami held, today, a joint meeting with the World Bank team and members of the steering committee for the implementation of the public financial management system project, in the presence of a number of general directors of the departments concerned with the (AFMS) project," noting that "the meeting discussed the outputs approved during the previous period, and reviewed the next stages of implementing the project according to the specified timings and allocated costs, as well as discussing the extent to which the system responds with the rest of the sub-systems. Such as the preparation of the federal budget, procurement and payment systems, fixed assets, the salary system, the revenue system and cash management."

She added that "the minister listened to a detailed presentation on the design and implementation of the next stages of the project, and its direct relationship to the unified treasury account system, in a way that suits the nature of the financial and accounting system in Iraq, as well as the advantages provided by the application of the system of optimal use of the state's cash resources."

The minister stressed that "the main benefits of the system are its ability to improve financial and administrative reports, a comprehensive accounting structure of the federal government, unify the structure of accounts with independent bodies, in addition to issuing reports according to government financial statistics, laying the foundations for decentralized accounts in federal ministries, adopting an internationally recognized accounting information system and an information system at the latest international level in terms of technology and science, improving control and auditing processes, as well as improving the management of revenues, expenses, cash, cash flows and accounts. Salaries and follow-up of project cost calculations."

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The Minister of Finance reveals the main benefits of the public administration system

2023/02/06
...
 

 

 Baghdad: morning 

 

Yesterday, Sunday, Minister of Finance, Taif Sami, revealed the basic benefits of the system 

Public financial management.

The ministry said in a statement that Sami held a joint meeting with the World Bank team and members of the steering committee for the implementation of the public financial management system project, in the presence of a number of general managers of the departments concerned with the (IFMIS) project. The next stages of implementing the project according to the specified timelines and the allocated costs, as well as examining the extent of the system’s response to the rest of the sub-systems such as preparing the federal budget, procurement and payments systems, fixed assets, the salary system, the revenue system, and cash management.

And she continued, "The minister listened to a detailed presentation on the design and implementation of the next phases of the project, and its direct relationship to the unified treasury account system, in a manner that is appropriate to the nature of the financial and accounting system in Iraq, as well as the advantages offered by the application of the system for the optimal use of the state's monetary resources."

The minister stressed that «the main benefits of the system are its ability to improve financial and administrative reports and a comprehensive account structure for the federal government and unify the structure of accounts with independent bodies, in addition to issuing reports according to government financial statistics and laying the foundations for decentralized accounts in federal ministries, and adopting an internationally recognized accounting information system. And an information system at the latest international level technically and scientifically, improving control and auditing processes, as well as improving management of revenues, expenses, cash, cash flows, salary accounts, and follow-up on project cost accounts.

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Finance: Iraq looks forward to more support from the World Bank Group

Economy | Today, 19:58 | 

Finance: Iraq looks forward to more support from the World Bank Group » Baghdad News Agency Today (baghdadtoday.news)

    
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Baghdad Today - Baghdad

The Minister of Finance, Taif Sami, said on Wednesday that Iraq looks forward to more support from the World Bank Group to implement the national strategic goals.

According to a statement by the ministry received by (Baghdad Today), Sami "received, on Wednesday, the delegation of the International Finance Corporation for the Middle East and Asia (IFC), affiliated to the World Bank Group, headed by investment officer Julie Kalos and Bilal Rabah, the institution's resident representative in Iraq, and in the presence of the Director General of the Iraqi Fund for Foreign Development, Brien Abdul Salam."

According to the statement, the two parties discussed "the importance of the role played by the International Finance Corporation alongside the Iraqi government in advancing sustainable development projects in Iraq, including supporting renewable energy projects and electrical interconnection with neighboring countries, and enhancing opportunities to involve the private sector alongside the public in implementing the national economic reform strategy."

The Minister of Finance stressed the importance of studies and consultations provided by the International Finance Corporation in the field of capacity building and technical cooperation to achieve sustainable development goals, especially with regard to environmental rehabilitation projects, reconstruction of liberated cities and economic reform, stressing the keenness of the Ministry of Finance to enhance the work process and coordination with the International Finance Corporation to stimulate the growth of the private sector and create jobs in Iraq.

She pointed out that "Iraq looks forward to more support from the World Bank Group to implement the national strategic goals as well as the structural reform programs adopted by the new Iraqi government."

Sami called for "strengthening cooperation and coordination between Iraq and the World Bank and providing the necessary assistance to overcome the obstacles facing the work of the institution in Iraq."

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Finance: Iraq looks forward to more support from the World Bank to implement national strategic objectives
Al-Eqtesad News - Finance: Iraq looks forward to more support from the World Bank to implement the national strategic objectives (economy-news.net)
   

9928.jpeg

 

Economy News - Baghdad

Finance Minister Taif Sami said on Wednesday that Iraq looks forward to more support from the World Bank Group to implement national strategic goals as well as structural reform programs adopted by the new Iraqi government.

The Ministry of Finance said in a statement, "Minister of Finance Taif Sami Mohammed received, on Wednesday, the delegation of the International Finance Corporation for the Middle East and Asia, affiliated to the World Bank Group, headed by investment officer Julie Kalos and the resident representative of the institution in Iraq Bilal Rabah, and in the presence of the Director General of the Iraqi Fund for Foreign Development Breen Abdul Salam."

According to the statement, "they discussed the importance of the role played by the International Finance Corporation alongside the Iraqi government in advancing sustainable development projects in Iraq, including supporting renewable energy projects and electrical interconnection with neighboring countries, and enhancing opportunities to involve the private sector alongside the public in implementing the national economic reform strategy."

Sami stressed "the importance of studies and consultations provided by the International Finance Corporation in the field of capacity building and technical cooperation to achieve sustainable development goals, especially with regard to environmental rehabilitation projects, reconstruction of liberated cities and economic reform," stressing "the keenness of the Ministry of Finance to strengthen the work process and coordination with the International Finance Corporation to stimulate the growth of the private sector and create jobs in Iraq."

She added that "Iraq looks forward to more support from the World Bank Group to implement the national strategic goals as well as the structural reform programs adopted by the new Iraqi government," calling for "strengthening cooperation and coordination between Iraq and the World Bank and providing the necessary assistance to overcome the obstacles facing the institution's work in Iraq."


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Added 2023/02/22 - 8:16 PM
Update 2023/02/22 - 8:18 PM

 
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A delegation from the World Bank is looking in Iraq to suppor t electrical interconnection projects with neighboring countries

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2023-02-22 12:21
 

 

Shafaq News/ Today, Wednesday, the Iraqi Minister of Finance emphasized strengthening cooperation with the World Bank and supporting the implementation of strategic goals and structural reforms implemented by the Iraqi government, while expressing the Ministry's keenness to stimulate the private sector in cooperation with one of the Bank's institutions.

 

The Ministry of Finance said in a statement received by Shafaq News agency that Minister Taif Sami Muhammad received, today, a delegation from the International Finance Corporation (IFC) for the Middle East and Asia, affiliated with the World Bank Group, headed by the investment officer, Julie Kalos, and Bilal Rabah, the resident representative of the Corporation in Iraq, in the presence of the general manager of the fund. Al-Iraqi for External Development, Brain Abdel-Salam.

 

The statement added that "the importance of the role played by the International Finance Corporation, alongside the Iraqi government, in advancing sustainable development projects in Iraq, including supporting renewable energy projects and electrical interconnection with neighboring countries, and enhancing opportunities to involve the private sector alongside the public in implementing the reform national economy strategy, was discussed." .

 

The Minister stressed the importance of the studies and consultations provided by the International Finance Corporation in the field of capacity building and technical cooperation to achieve the goals of sustainable development, especially with regard to environmental rehabilitation projects, the reconstruction of liberated cities and economic reform, stressing the keenness of the Ministry of Finance to enhance the process of work and coordination with the Foundation. International finance to stimulate private sector growth and job creation in Iraq.

 

The minister added, "Iraq is looking forward to more support from the World Bank Group to implement the national strategic goals, in addition to the structural reform programs adopted by the new Iraqi government," calling for "strengthening cooperation and coordination between Iraq and the World Bank and expressing the necessary assistance to overcome the obstacles facing the institution's work in Iraq." ".

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The Minister of Environment and the World Bank are discussing important projects to combat the effects of climate change

Iraq

15:38 - 2023-02-22

 

122222023_331611948_929303094758012_8845

The Minister of Environment, Eng. Nizar Amidi, and the delegation of the World Bank / International Finance Corporation discussed financing projects that support the government in mitigation and adaptation to face the effects of climate change.
This came when he received representatives of the World Bank at the ministry's headquarters.
The Minister of Environment called for the intensification of environmental projects and programs in all governorates, pointing out that the government has developed projects to adapt water scarcity, desertification, agriculture, renewable energies, rational water management and investment in associated gas at the forefront of its programs because it is one of the important treatments in improving the environmental reality and facing the negative effects of climate change, stressing Doubling the bridges of cooperation with international organizations, in addition to involving the private sector and public and private institutions for the purpose of implementing projects and programs, contributes to mitigating these effects.
For his part, representatives of the World Bank delegation expressed readiness to support and finance environmental and awareness projects and activities that contribute to mitigation and adaptation to face environmental challenges and problems of climate change and contribute to improving the environmental situation in Iraq and the region.

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money and business
   

Economy News - Baghdad
Finance Minister Taif Sami confirmed, on Wednesday, that Iraq is looking forward to more support from the World Bank Group to implement the national strategic goals, in addition to the structural reform programs adopted by the new Iraqi government.

 

The Ministry of Finance said in a statement, "The Minister of Finance, Taif Sami Muhammad, received today, Wednesday, the delegation of the International Finance Corporation for the Middle East and Asia region, affiliated with the World Bank Group, headed by the investment official, Julie Kalos, and the resident representative of the institution in Iraq, Bilal Rabah, and in the presence of the Director General of the Iraqi Fund for Development." Foreign Affairs Brien Abdel Salam.

 

According to the statement, "the importance of the role played by the International Finance Corporation alongside the Iraqi government in advancing sustainable development projects in Iraq was discussed, including supporting renewable energy projects and electrical interconnection with neighboring countries, and enhancing opportunities to involve the private sector alongside the public in implementing the reform national economy strategy." .

 

Sami stressed the importance of the studies and consultations provided by the International Finance Corporation in the field of capacity-building and technical cooperation to achieve the goals of sustainable development, especially with regard to environmental rehabilitation projects, the reconstruction of liberated cities and economic reform, stressing the keenness of the Ministry of Finance to enhance the process of work and coordination with the Foundation. International finance to stimulate private sector growth and job creation in Iraq.

 

 And she added, "Iraq is looking forward to more support from the World Bank Group to implement the national strategic goals in addition to the structural reform programs adopted by the new Iraqi government," calling for "strengthening cooperation and coordination between Iraq and the World Bank and expressing the necessary assistance to overcome the obstacles facing the institution's work in Iraq." ".

 

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Added 02/22/2023 - 8:16 PM
Updated 2023/02/23 - 5:55 PM
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Iraqi Finance Minister meets with IFC

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By John Lee...Iraq Business News

 

On Wednesday, Iraq's Minister of Finance, Taif Sami Muhammad, met with a delegation from the International Finance Corporation (IFC), which is part of the World Bank Group.

 

The delegation was headed by investment officer Mr. Julie Kalos and Mr. Bilal Rabah, the resident representative of the Corporation in Iraq.

 

The meeting discussed the important role played by the IFC in advancing sustainable development projects in Iraq, including supporting renewable energy projects, electrical interconnection with neighboring countries, and involving both private and public sectors in implementing the national economy strategy.

 

Minister Taif stressed the importance of the IFC's studies and consultations for capacity building and technical cooperation to achieve sustainable development goals, especially with regard to environmental rehabilitation projects, the reconstruction of liberated cities, and economic reform.

 

The Minister also expressed Iraq's desire for more support from the World Bank Group to implement the national strategic goals and called for strengthening cooperation and coordination between Iraq and the World Bank to overcome obstacles facing the institution's work in Iraq.

 

(Source: Ministry of Finance)

 

https://www.iraq-businessnews.com/2023/02/23/iraqi-finance-minister-meets-with-ifc/

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2 hours ago, ronscarpa said:

The Minister also expressed Iraq's desire for more support system" rel="">support from the World Bank Group to implement the national strategic goals and called for strengthening cooperation and coordination between Iraq and the World Bank to overcome obstacles facing the institution's work in Iraq.

I would love to know to what obstacles they referring. Some come to my mind but don’t know if they are the ones the World Bank has in mind. Money laundering has got to be one imo. 

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(The World Bank) to bankrupt Iraq and crush its economy

 

254 2023-02-24
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Hazem Ahmed Fadala ||

    On Wednesday: 22-February-2023, the delegation of the International Finance Corporation (IFC) for Asia visited Iraq for the (World Bank) group, headed by the investment officer Mr. (Julie Callos) and Mr. (Bilal Rabah), the resident representative of the Corporation in Iraq, and in the presence of the general manager of the fund The Iraqi for Foreign Development Mrs. (Brain Abdel Salam), after their meeting with the Minister of Finance, Taif Sami.

    For that, we present what the (World Bank) wants from Iraq, along with an evaluation of the channel (writing and analysis) and its recommendations:

What does the (World Bank) want from Iraq:

1- Advancing sustainable development projects in Iraq, including supporting renewable energy projects.

2- Electrical connection with neighboring countries [Saudi Arabia, Jordan, Egypt].

3- Emphasizing the importance of studies and consultations, provided by the International Finance Corporation, in the field of capacity building and technical cooperation; To achieve the goals of sustainable development, especially with regard to environmental rehabilitation projects, and the reconstruction of liberated cities!

4- Enhancing the work process and coordinating with the International Finance Corporation; To stimulate private sector growth and job creation in Iraq.

 5- Linking Iraq with more support (the World Bank Group); To implement the national strategic goals.

6- Enhancing cooperation and coordination between Iraq (and the World Bank)! provide the necessary assistance; To overcome the obstacles facing the work of the Foundation in Iraq.

· calendar:

1- The so-called (the World Bank) came to flood Iraq with debts, which it calls mitigation (financing), until Iraq reaches the stage of bankruptcy, just as they bankrupted Egypt and crushed its economy completely, as well as Jordan!

2- The so-called (World Bank), pushing Iraq towards the foreign borrowing policy; Under the pretext of financing investment projects, and the reform movement of the national economy!

3- The so-called (World Bank), trying to persuade the Iraqi Ministry of Finance to raise the ceiling of the federal budget deficit (2023); to (121) trillion dinars.

Recommendations (related to the 2023 Budget Law):

1- Reducing the deficit to the lowest possible point.

2- Cancellation of (external borrowing) materials.

3- It is possible to finance investment and infrastructure projects with oil (barter), with countries such as China.

4- Please check our article in below:

(Our warnings about external borrowing in the Federal General Budget Law

On: 18-February-2023.

and our studies mentioned therein.

 
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1 hour ago, yota691 said:

(The World Bank) to bankrupt Iraq and crush its economy

1- The so-called (the World Bank) came to flood Iraq with debts, which it calls mitigation (financing), until Iraq reaches the stage of bankruptcy, just as they bankrupted Egypt and crushed its economy completely, as well as Jordan!

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?

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2 hours ago, dinarham said:

  Debt to GDP ratio for Iraq is good , if not excellent . Google  debt held by all countries and you can see for yourself . So what's the real holdup?

I hate like heck to go here ,.... BUT the elephant in the room is the O part of O biden. He obviously was Iran's buddy through the 8 years. As well as one of the key reasons, if not THE reason, why Iraq went backwards due to our troop withdrawal,  Isis support etc. etc.. 

It sure seemed like no secret that He wouldn't want a revaluation. JMO, sorry if I ruffle some feathers. If they DO RV.........  watch your azz so the gubment doesn't skrew you out of it. 

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9 hours ago, dinarham said:

  Debt to GDP ratio for Iraq is good , if not excellent . Google  debt held by all countries and you can see for yourself . So what's the real holdup?

Hope you're right that debt isn't the real holdup. Iraq has a lot of oil and oil is the main source of income. And , the price of oil was above 100 bucks before and that is supposed to make iraq richer ,so that iraq can pay the debt , and why did the world bank want to bankrupt iraq then? Just wonder , where is the oil money going to? Is the corrupt stealing the oil money? 

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