Official: CBI News 04/17/2023

[yota691]

The Governor of the Central Bank is discussing with the World Bank to support the green economy in Iraq

 

  

April 17, 2023

 

---

---

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, accompanied by the Iraqi delegation, met with the regional representative of the World Bank, Mr. (Farid Belhaj) and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington.
The meeting dealt with discussing the reality of the Iraqi banking sector and promoting the concept of financial inclusion in the country through special programs with international institutions. government for reform in this vital sector.
In turn, His Excellency the Governor affirmed the continuation of supporting the green economy and renewable energy through the clean energy initiative, which is represented by lending citizens to purchase solar energy systems and cooperation with government agencies to ensure the quality of the systems, calling for technical support and benefiting from the expertise of the World Bank in expanding the Central Bank's initiative in lending small projects In light of the successful experiences of other countries.
 His Excellency revealed the creation of the "International Organizations and External Relations" section, which is linked to the Governor of the Central Bank to organize, strengthen and follow up relations, programs and memorandums of understanding with external organizations and parties.
In addition, the regional representative of the World Bank expressed his cooperation in building the functional and technical capacities of the Central Bank's employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions.

 

Central Bank of Iraq
Media Office
17 - April - 2023

[yota691]

The Central Bank and the World Bank are discussing combating money laundering and accelerating government bank reforms

• Time: 04/17/2023 09:44:00
•  
• Read: 1,300 times

  

{Economic: Al Furat News} The Governor of the Central Bank, Ali Mohsen Al-Alaq, discussed today, Monday, with the representative of the International Regional Office, combating money laundering and accelerating banking reforms for government banks.

And the media of the Central Bank stated in a statement received by {Euphrates News} that "the latter met with the regional representative of the World Bank (Farid Belhaj) and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington." 

The statement added, "The meeting dealt with discussing the reality of the Iraqi banking sector and enhancing the concept of financial inclusion in the country through special programs with international institutions, and the two parties also discussed the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating private banking reforms." government banks, and government support for reform in this vital sector. 

In turn, the governor stressed: "Continuing to support the green economy and renewable energy through the clean energy initiative, which is represented in lending citizens to purchase solar energy systems and cooperation with government agencies to ensure the quality of the systems, calling for technical support and benefiting from the expertise of the World Bank in expanding the Central Bank's initiative in lending small projects." In light of the successful experiences of other countries. 

 He revealed: "The creation of the "International Organizations and External Relations" section, which is linked to the Governor of the Central Bank to organize, strengthen and follow up on relations, programs and memorandums of understanding with organizations and external parties. 

In addition, the regional representative of the World Bank expressed his cooperation in building the functional and technical capacities of the Central Bank's employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions.

[yota691]

The governor of the bank reveals the objectives of the upcoming move towards the International Monetary Fund

2023.04.16 - 20:41

 

Baghdad - people  

The Governor of Iraq at the International Monetary Fund and the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met on Sunday, on the sidelines of the annual meetings of the Fund in Washington, Kristalina Georgieva, head of the International Monetary Fund.  

  

  

  

The governor discussed, according to a statement received by "NAS" (April 16, 2023), "Iraq's need to develop a technical program with the fund that takes into account the country's security and economic conditions, especially the exceptional challenges that cost it exorbitant prices at various levels."  

For her part, Kristalina expressed "understanding of the situation in Iraq and the circumstances it went through, and supported the governor's proposal of the need for a program with the Fund to serve as a proven reference for economic policies between the two parties."  

The governor also met later, "with the Executive Director of the International Monetary Fund, Mr. Mahmoud Mohieldin, and the two parties discussed issues of financial stability in Iraq."  

And Mohieldin expressed "the Fund's interest in providing the necessary support to Iraq in economic reform issues in order to achieve a gradual increase in its non-oil imports."  

The two parties discussed "the need to sign an agreement between Iraq and the Fund whose framework and content will be determined during the visit of the International Monetary Fund team delegation to Baghdad."  

The visit, which is scheduled to take place next month, aims to "organize the steps of economic reform, financial performance programs, and aspects in which Iraq requires technical and advisory support."  

It is noteworthy that "the Fund's experts stressed to the Iraqi delegation the importance of Iraq embarking on economic reforms in times of financial abundance, as oil revenues provide the possibility of support and flexibility for this program, especially those related to supporting the poorest segments and building financial buffers to counter fluctuations in global oil prices."  

[yota691]

The Central Bank of Iraq introduces a department and reveals its functions

2023.04.17 - 10:32

 

Baghdad - people  

The Governor of the Central Bank, Ali Mohsen Al-Alaq, accompanied by the Iraqi delegation, met with the regional representative of the World Bank (Farid Belhaj) and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington.  

  

  

  

  

The meeting dealt, according to a statement by the bank, a copy of which "NAS" received (April 17, 2023), "discussed the reality of the Iraqi banking sector and strengthened the concept of financial inclusion in the country through special programs with international institutions. The two parties also discussed the recent measures taken by the governor of the Central Bank of Iraq in combating Money laundering and terrorist financing, as well as accelerating banking reforms for government banks, and government support for reform in this vital sector.  

  

In turn, the governor stressed, "continuing to support the green economy and renewable energy through the clean energy initiative, which is represented by lending citizens to purchase solar energy systems and cooperation with government agencies to ensure the quality of the systems, calling for technical support and benefiting from the expertise of the World Bank in expanding the Central Bank's initiative in lending small projects." In light of the successful experiences of other countries.  

  

He revealed the creation of the "International Organizations and External Relations" section, which is linked to the Governor of the Central Bank to organize, strengthen and follow up on relations, programs and memorandums of understanding with external organizations and parties.  

  

In addition, the regional representative of the World Bank expressed his "cooperation to build the functional and technical capacities of the Central Bank's employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions."

[yota691]

Al-Alaq is discussing with the International Monetary the signing of an economic agreement during a future visit to Baghdad

2023-04-16 13:48

 

Shafaq News / The Governor of the Central Bank of Iraq discussed today, Sunday, with the head of the International Monetary Fund, a joint program that takes into account the country's security and economic conditions and "exceptional challenges", while they also discussed signing an economic agreement between Iraq and the Fund during the visit of the IMF team delegation to Baghdad next month.

 

The bank said in a statement received by Shafaq News agency, "The Governor of Iraq at the International Monetary Fund and the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met on the sidelines of the Fund's annual meetings in Washington, Mrs. Given the country's security and economic conditions, especially the exceptional challenges that cost it dearly at various levels.

 

For her part, Mrs. Kristalina expressed her understanding of the situation in Iraq and the circumstances it went through, and supported the proposal of the Governor of the Central Bank of the need for a program with the fund to serve as a proven reference for economic policies between the two parties.

 

Later, the Governor of the Central Bank of Iraq met with the Executive Director of the International Monetary Fund, Mahmoud Mohieldin, and the two sides discussed issues of financial stability in Iraq, who expressed the Fund's interest in providing the necessary support to Iraq in economic reform issues in order to achieve a gradual increase in its non-oil imports, according to the statement.

 

The statement continued, "The two parties discussed the need to sign an agreement between Iraq and the Fund, the framework and content of which will be determined during the visit of the IMF team delegation to Baghdad, and the visit scheduled for next month aims to organize economic reform steps and financial performance programs, and the aspects in which Iraq requests technical and advisory support." ".

 

The statement indicated that "the fund's experts stressed to the Iraqi delegation the importance of Iraq embarking on economic reforms in times of financial abundance, as oil revenues provide the possibility of support and flexibility for this program, especially those related to supporting the poorest segments and building financial buffers to counter fluctuations in global oil prices."

[yota691]

The Central Bank creates the "International Organizations and Foreign Relations" section

 

- 17-04-2023 10:12 AM - Number of readings: 5036

 

Today, Monday, the Central Bank of Iraq announced the creation of the Department of International Organizations and Foreign Relations.

The central bank's media office said in a statement that "the governor of the central bank, Ali Mohsen Al-Alaq, and his accompanying delegation met with the regional representative of the World Bank, Farid Belhaj, and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington."

He added, "The meeting dealt with discussing the reality of the Iraqi banking sector and promoting the concept of financial inclusion in the country through special programs with international institutions, and the two parties also discussed the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating banking reforms for government banks." and government support for reform in this vital sector.

Al-Alaq stressed, according to the statement, "continuing to support the green economy and renewable energy through the clean energy initiative, represented by lending citizens to purchase solar energy systems and cooperating with government agencies to ensure the quality of the systems," calling for "technical support and benefiting from the expertise of the World Bank in expanding the Central Bank's project lending initiative." in light of the successful experiences of other countries.

He pointed to "the creation of the Department of International Organizations and External Relations, which is linked to the Governor of the Central Bank to organize, strengthen and follow up relations, programs and memorandums of understanding with organizations and external parties."

The regional representative of the World Bank expressed his cooperation "to build the functional and technical capacities of the Central Bank's employees in the field of banking supervision and control of electronic payment companies and non-bank financial institutions."

[yota691]

Relationship reveals the benefits of the upcoming program with the International Monetary Fund

---

21:14  2023-04-16  58  Economy 0

 

The Governor of Iraq at the International Monetary Fund and the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today, Sunday, on the sidelines of the Fund's annual meetings in Washington, Kristalina Georgieva, head of the International Monetary Fund.
 
And the governor discussed, according to a statement received by “Al-Mutalaa”: “Iraq’s need to develop a technical program with the fund that takes into account the country’s security and economic conditions, especially the exceptional challenges that cost it exorbitant prices at various levels.”

For her part, Kristalina expressed "understanding of the situation in Iraq and the circumstances it went through, and supported the governor's proposal of the need for a program with the Fund to serve as a proven reference for economic policies between the two parties."

The governor also met later, "with the Executive Director of the International Monetary Fund, Mr. Mahmoud Mohieldin, and the two parties discussed issues of financial stability in Iraq."

And Mohieldin expressed "the Fund's interest in providing the necessary support to Iraq in economic reform issues in order to achieve a gradual increase in its non-oil imports."
The two parties discussed "the need to sign an agreement between Iraq and the Fund whose framework and content will be determined during the visit of the International Monetary Fund team delegation to Baghdad."

The visit, which is scheduled to take place next month, aims to "organize the steps of economic reform, financial performance programs, and aspects in which Iraq requires technical and advisory support."

It is noteworthy that "the Fund's experts stressed to the Iraqi delegation the importance of Iraq embarking on economic reforms in times of financial abundance, as oil revenues provide the possibility of support and flexibility for this program, especially those related to supporting the poorest segments and building financial buffers to counter fluctuations in global oil prices."

[yota691]

Department of International Organizations and Foreign Relations

 

 

 

[ronscarpa]

 

The Governor of the Central Bank is discussing with the World Bank to support the green economy in Iraq

Monday - April 17, 2023

 

---

---

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, accompanied by the Iraqi delegation, met with the regional representative of the World Bank, Mr. (Farid Belhaj) and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington.

The meeting dealt with discussing the reality of the Iraqi banking sector and promoting the concept of financial inclusion in the country through special programs with international institutions. government for reform in this vital sector.

In turn, His Excellency the Governor affirmed the continuation of supporting the green economy and renewable energy through the clean energy initiative, which is represented by lending citizens to purchase solar energy systems and cooperation with government agencies to ensure the quality of the systems, calling for technical support and benefiting from the expertise of the World Bank in expanding the Central Bank's initiative in lending small projects In light of the successful experiences of other countries.

 His Excellency revealed the creation of the "International Organizations and External Relations" section, which is linked to the Governor of the Central Bank to organize, strengthen and follow up relations, programs and memorandums of understanding with external organizations and parties.

In addition, the regional representative of the World Bank expressed his cooperation in building the functional and technical capacities of the Central Bank's employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions.

 

Central Bank of Iraq
Media Office
17 - April - 2023

 

[Sage449]

It's easy for the Iraqi powers that be, to pontificate non-stop about the financial where-with-all, while the working man/woman continues to suffer and live in caveman conditions. Realizing not everyone wants a 4 bedroom, 3 bath home. Just to be safe,  warm, families able to care for each other and elders. While I definitely can use and tickled when RVs, I think of the locals and no head of state there caring beyond own pocketbook.