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Iraq/Davos....News

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Laid Back Grand Master

Laid Back

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“PM Muhammed S. Al-Sudani participated on Tuesday, in a productive business meeting, engaging with the heads and representatives of 57 international companies specializing in energy, oil and gas, and various economic fields.”

 

“The significance of the implemented banking reforms undertaken by the Central Bank of Iraq," was emphasized on, asserting, "These reforms aimed to establish communication with international banks, ensuring compliance with global financial and banking standards."

 

These policies aim to diversify the economy, boost growth, and achieve financial stability amid regional and global challenges.

 

Iraq continues moving forward towards an open market economy.

 

Go investments 

Go economic growth 

Go Stronger dinar

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RJG Veteran

RJG

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Iraqi PM meets 57 Businesses at meeting in Davos

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18th January 2024 in Investment, Iraq Industry & Trade News

By John Lee.

Prime Minister Mohammed Shia Al-Sudani has attended a working meeting on the sidelines of the Davos Economic Forum in Switzerland, involving the heads and representatives of 57 global companies specializing in energy, oil, gas, and various economic sectors.

During the meeting, he discussed the government's plans for development and economic reform, highlighting significant progress made. He also emphasized substantial investment opportunities, industrial city projects, the Grand Faw Port project, and the Development Road project, along with integrated oil field projects.

Prime Minister Al-Sudani pointed out solar and renewable energy projects undertaken with Chinese and Emirati companies, confirming the government's broad focus on gas investment and expanding investment opportunities in this promising sector. Additionally, he mentioned housing projects that have started and others planned across all Iraqi provinces.

Highlighting the importance of banking reforms implemented by the Central Bank of Iraq, he stressed the ongoing efforts to comply with international financial and banking system standards by engaging with international banks.

In terms of reinforcing stability and security in Iraq, Prime Minister Al-Sudani emphasized that the stability of the region relies heavily on Iraq's stability. Any attempt to destabilize the internal situation in Iraq or jeopardize its security would negatively impact regional and international security in the Middle East.

The meeting was attended by the Ministers of Foreign Affairs and Oil, the Governor of the Central Bank of Iraq, and several advisers to the Prime Minister.

(Source: PMO)

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RJG Veteran

RJG

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Sudani: We are facing an economically new Iraq

EconomyIraqSudanese

Sudani: We are facing an economically new Iraq

2024-01-18 04:02Font

Shafaq News / Prime Minister Mohammed Shia Al-Sudani expressed, on Thursday, his optimism about the general economic situation in Iraq during the next 20 years.

This came in statements made during the dialogue session within the work of the Davos Economic Forum held in Switzerland.

Asked about his vision for the Iraqi economic future during the next twenty years, he replied: Yes, Iraq will be completely different for the better.

He added that Iraq is moving at a steady pace, and I believe it benefits from the support of the people with all its components, spectrums, and this is a source of strength until now,” stressing, “We build our plans and programs in the spirit of partnership, understanding and consensus among the people and through its constitutional institutions, we make a new economic vision, and we are in front of a new Iraq economically with various events and projects, we invest our natural materials, and invest our heritage and civilization that enables us to walk confidently towards a better future in a strong, unified, independent and stable Iraq.”

 

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In parallel, the Sudani, Director General of the International Monetary Fund, Ms. Kristalina Georgieva, met on the sidelines of his participation in the Davos Economic Forum held in Switzerland.

The Sudanese Media Office said in a statement that during the meeting, they discussed the relations of financial cooperation between Iraq and the International Monetary Fund, within the framework of supporting the development path in Iraq.

Al-Sudani referred to the government’s plans in the field of economic and financial reform, as a gateway and basis for all reforms planned by the government in all vital sectors.

In turn, Georgieva welcomed Iraq’s accession to a non-financing program to support economic reforms, as meetings with the fund begin next month to implement this program.

She also praised the steps taken by the government in the field of the financial and banking system, and the improvement of the business and investment environment, expressing her understanding of the privacy of Iraq and the challenges it faces.

Sudani: We are facing an economically new Iraq

https://shafaq.com/ar/اقتصـاد/السوداني-نحن-مام-عراق-جديد-اقتصاديا

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rvmydinar Grand Master

rvmydinar

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2 minutes ago, RJG said:

Asked about his vision for the Iraqi economic future during the next twenty years, he replied: Yes, Iraq will be completely different for the better.

Ha ha ha :confused2: I wish I believe it. Hmmm....Will the rate be much much much higher than the current rate right now 1,320? 

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RJG Veteran

RJG

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The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms
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Economy News - Baghdad

 

Today, Thursday, the Director General of the International Monetary Fund welcomed Iraq's accession to a non-financing program to support economic reforms, during her meeting with Prime Minister Muhammad Shiaa Al-Sudani in Davos.
 
The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Sudan met with the Director General of the International Monetary Fund, Kristalina Georgieva, on the sidelines of its participation in the Davos Economic Forum held in Switzerland."
 
During the meeting, “financial cooperation relations between Iraq and the International Monetary Fund were discussed, within the framework of supporting the development path in Iraq.”
 
Al-Sudani pointed to "the government's plans in the field of economic and financial reform, as a gateway and basis for all the reforms that the government plans in all vital sectors."
 
Georgieva welcomed "Iraq's joining a non-financing program to support economic reforms, as meetings with the Fund will begin next month to implement this program."
 
She also praised "the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment," expressing its "understanding of Iraq's specificity and the challenges it faces."
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Added 01/18/2024 - 1:34 PM
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HowieC Veteran

HowieC

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1 hour ago, rvmydinar said:

Economic and financial reform? Ha ha ha BS. Too much talk talk talk with no action for 20 years= BS. Not to mention delays delays delays for whatever excuses.

The entire government of Iraq are Iranian puppets...... including the PM 

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rvmydinar Grand Master

rvmydinar

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2 hours ago, HowieC said:

The entire government of Iraq are Iranian puppets...... including the PM 

Including the Governor of the cbi, too? So, whoever push the RV button shouldn't have anything to do with Iranian puppets then?? Who could that person be? Hmmm.....

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3n1 Experienced

3n1

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2 hours ago, rvmydinar said:

Including the Governor of the cbi, too? So, whoever push the RV button shouldn't have anything to do with Iranian puppets then?? Who could that person be? Hmmm.....

 

yup Keywords was put in the chair at the cbi so maliki and iran could pillage the state banks and man did they have a racket going for years exchanging counterfeit iqd for usd for Iran ...... regarding pushing the button , ill be the guy just give me the controls and the signal and everyone can hit the banks like Saddams army fleeing kuwait minus the slaughter in the desert getting back home ✌️ cheers  

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RJG Veteran

RJG

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On 1/18/2024 at 4:10 PM, RJG said:
 
 
Al-Sudani pointed to "the government's plans in the field of economic and financial reform, as a gateway and basis for all the reforms that the government plans in all vital sectors."
 
Georgieva welcomed "Iraq's joining a non-financing program to support system" rel="">support economic reforms, as meetings with the Fund will begin next month to implement this program."
 
 

They are starting reforms next month with the IMF's direction.  I think this is great news. 😁👀

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3n1 Experienced

3n1

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1 hour ago, JonnyV said:

 

Yeah ok.  Everything is next week, next month, next year.  

 

you know johnnyV i wonder if the iraqis even read or believe these articles since they are written for them we just translate em and follow along ? 

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new york kevin Experienced

new york kevin

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Then there is Nader of the Middle East. Plus they still have to get that money laundering thing fixed before the IMF and the Swift system will invite them back. It’s the Iranian puppets that are holding them all back. What can you do when Maliki and crew own one of the largest banks in Iraq. Or the fact that this year one in the GOI is Prime Minister this week, another President , and another Assistant President, head of a Ministry . Then they each switch positions every election.  Keeping all the good ol boys in charge in one form or another.

Edited by new york kevin
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