Government advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally

[RJG]

Government advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally

 Economy

 

•  Today, 15:44

+A -A

 

Baghdad - IA - Nassar Al-Hajj

Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the six principles launched by Prime Minister Muhammad Shiaa Al-Sudani, to maximize value chains and sustain the development momentum in the country, while stressing that Iraq is on the cusp of a transitional stage in the development of promising economies globally.

Saleh said to the Iraqi News Agency (INA): “Iraq, with its large natural resources, is ranked ninth in the world after countries such as the Russian Federation, the United States of America, and the Kingdom of Saudi Arabia, and today it is on the cusp of a transitional stage in the development of promising economies for development at the global level. Indeed, international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world.”

He added: “Within the framework of the state’s philosophy of partnership with the private sector, there is a great investment momentum accompanied by high technological capabilities that suit the developments of the new digital era in the world, all of which seek, through international partnerships, to maximize investment, integration and cooperation opportunities in our country as an important part of the policy of Iraq’s integration into "Global economy to achieve prosperity for the Iraqi people and diversify sources of investment and national income in our country."

He continued: "In all cases, the national private sector today has priority to support and provide the necessary sovereign guarantees in keeping with the climate of guarantees obtained by international investments," pointing to "a new development era for Iraq that leads to the diversification of sources of income through investment in diverse wealth." natural and human resources, launching the manufacturing industry, and supporting agricultural efforts to maximize value chains with different technologies.”

He pointed out that "maximizing value chains in Iraq and sustaining development momentum stems from the six principles launched by the Prime Minister, in his recent meeting in the Netherlands with international businessmen and investors, which he summarized as follows:  

The first principle: economic reform in all areas of the economy without relying on oil.

The second principle: Supporting farmers in expanding the use of modern technologies in the field of water and benefiting from international experiences, especially Dutch ones.

The third principle: The state seeks to provide sovereign guarantees to the private sector, amounting to 85% of the project value, to ensure the transfer of modern international industries, technologies and services to our country.

The fourth principle: Launching the operation of the Grand Al-Faw Port in the year 2025, as a foundation for development and economic progress that is integrated with the development path strategy, noting that the fifth berth of the port has been docked by one of the international ships.

The fifth principle: Reforming the financial and banking sector to put it on a competitive foundation commensurate with international compliance standards, as financial and banking reform is the introduction to the government’s reform program to link the effective finance sector to development programs and the speed of their implementation and progress.

The sixth and final principle: The desire of the global financial and banking market to open branches of its banks and activities in Iraq, which enhances the financing and investment environment and the integration of the Iraqi economy with the global economy.

He concluded by saying: "It is the message of the six principles launched by the Prime Minister to the global economic community to inaugurate another development era in Iraq, the goals of which are to diversify the national economy through partnership between the state and the private sector."

https://www.ina.iq/203311--.html

[bkeiller]

1 hour ago, RJG said:

Government advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally

 Economy

 

•  Today, 15:44

+A -A

 

Baghdad - IA - Nassar Al-Hajj

Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the six principles launched by Prime Minister Muhammad Shiaa Al-Sudani, to maximize value chains and sustain the development momentum in the country, while stressing that Iraq is on the cusp of a transitional stage in the development of promising economies globally..

/www.ina.iq/203311--.html

 

Has "soon" lost it's mojo?

 

Our word for the day is:

 

 

[horsesoldier]

Weren't they "on the Cusp" the middle of last year??

After 20 years they still haven't lost their flair for running their mouths.

One sandal nailed to the floor, running in circles. The horror, oh the horror of it all. 😆

[Dretown39]

If anyone here on DV felt that you didn't have a lot of patience or high patience for waiting on something..WELL you proved yourself wrong! Congrats to all of us who needed to improve. We did it by getting involved with this investment! 😄👍🤦‍♂️

[steveh12]

Investment??

I was told there was going to be free beer! 🙄

[haymon]

And I was going to retire early with money,

Now I have just retired.

[horsesoldier]

25 minutes ago, haymon said:

And I was going to retire early with money,

Now I have just retired.

Retired 3 years ago at 66. So much for the "early" retire from the much anticipated $$$$$ bounty from the IQD. 20years on with no end to this nonsense, I'll be lucky to still be alive "if/when" these clowns get around to RV/RI. 

[Sage449]

8 minutes ago, horsesoldier said:

Retired 3 years ago at 66. So much for the "early" retire from the much anticipated $$$$$ bounty from the IQD. 20years on with no end to this nonsense, I'll be lucky to still be alive "if/when" these clowns get around to RV/RI.

Me, too, thought from all scuttlebutt would RV almost immediately. I had stars in my eyes thinking have a nice cushion to retire on, help family - friends etc. That's been 20 years ago this year I think. Sad on my part, not greedy, was excited could help loved ones. Now sadly need this RV all the more. 😐😑😶

[cutter73]

1 hour ago, steveh12 said:

Investment??

I was told there was going to be free beer! 🙄

Tomorrow 😉🤭

[cutter73]

Well that's what the sign at the bar says...

[keylime]

I have three words. H.C.L!

[horsesoldier]

4 hours ago, keylime said:

I have three words. H.C.L!

I've got 3 words as well...3 of the choicest curse words you ever did hear 😎.

[RJG]

Advisor to the Prime Minister: The private sector is a priority

Economical  02/18/2024



 Baghdad: Al-Sabah 
 
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained yesterday, Saturday, that the private sector is a priority, while he stressed that Iraq is on the cusp of a transitional stage in the development of promising economies globally.
Saleh said to the Iraqi News Agency (INA): “Iraq, with its large natural resources, is ranked ninth in the world after countries such as the Russian Federation, the United States of America, and the Kingdom of Saudi Arabia, and today it is on the cusp of a transitional stage in the development of promising economies for development at the global level. Indeed, international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world.”
He added, "Within the framework of the state's philosophy of partnership with the private sector, there is a great investment momentum accompanied by high technological capabilities that suit the developments of the new digital era in the world, all of which seek, through international partnerships, to maximize investment, integration and cooperation opportunities in our country as an important part of the policy of Iraq's integration into "Global economy to achieve prosperity for the Iraqi people and diversify sources of investment and national income in our country."
He continued, "In all cases, the national private sector today has priority to support and provide the necessary sovereign guarantees in keeping with the climate of guarantees obtained by international investments," pointing to "a new development era for Iraq that leads to the diversification of sources of income through investment in diverse wealth." natural and human resources, launching the manufacturing industry, and supporting agricultural efforts to maximize value chains with different technologies.”
He pointed out that “maximizing value chains in Iraq and sustaining development momentum stem from the six principles launched by the Prime Minister, in his recent meeting in the Netherlands with international businessmen and investors, which he summarized as follows: 
The first principle: economic reform in all areas of the economy without relying on oil.
The second principle: Supporting farmers in expanding the use of modern technologies in the field of water and benefiting from international experiences, especially Dutch ones.
The third principle: The state seeks to provide sovereign guarantees to the private sector, amounting to 85% of the project value, to ensure the transfer of modern international industries, technologies and services to our country.
The fourth principle: Launching the operation of the Grand Al-Faw Port in the year 2025, as a foundation for development and economic progress that is integrated with the development path strategy, noting that the fifth berth of the port has been docked by one of the international ships.
The fifth principle: Reforming the financial and banking sector to put it on a competitive foundation commensurate with international compliance standards, as financial and banking reform is the introduction to the government’s reform program to link the effective finance sector to development programs and the speed of their implementation and progress.
The sixth and final principle: The desire of the global financial and banking market to open branches of its banks and activities in Iraq, which enhances the financing and investment environment and the integration of the Iraqi economy with the global economy.
He concluded by saying: "It is the message of the six principles launched by the Prime Minister to the global economic community to inaugurate another development era in Iraq, the goals of which are to diversify the national economy through partnership between the state and the private sector."
https://alsabaah.iq/91932-.html

[haymon]

So much talk. 

 

[WheresmyRV?]

4 minutes ago, haymon said:

So much talk. 

 

And no action from them fools.

[Sage449]

20 hours ago, cutter73 said:

Well that's what the sign at the bar says...

It's free - Bud Light. 😁😆😅🤣😂

[Laid Back]

“international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world”

 

Iraq possesses $15.9 trillion in natural resources. Its desert terrain holds petroleum, natural gas, phosphates, sulfur. Iraq is the second-largest crude oil producer in OPEC. It ranks as the world’s fifth-largest holder of proved crude oil reserves and it depends on the export of crude oil for a major amount of its revenues.

 

Iraq is making slow progress enacting laws and developing the institutions needed to implement economic policy, and political reforms are still needed to assuage investors' concerns regarding the uncertain business climate. The Government of Iraq is eager to attract additional foreign direct investment, but it faces a number of obstacles, including a tenuous political system and concerns about security and societal stability. Rampant corruption, outdated infrastructure, insufficient essential services, skilled labor shortages, and antiquated commercial laws stifle investment and continue to constrain growth of private, nonoil sectors. Under the Iraqi constitution, some competencies relevant to the overall investment climate are either shared by the federal government and the regions or are devolved entirely to local governments.

 

Go Iraq 🇮🇶 

Go investment 

Go Development 

Go economic growth 

Go Stronger dinar