White Paper Plan .. Will it be the key to solving the economic crisis in Iraq?

The Prime Minister, Mustafa:

(1) Al-Kazemi, described dependence on oil as a failed experiment that put the state and the government into a permanent embarrassment, and there is a plan to break free from his slavery.

(2) Al-Kazemi emphasized that the lack of funds and the lack of liquidity came due to mismanagement and absolute dependence on oil, and there is a “white paper” plan to reform the financial and administrative system to be free from it.

He pointed out that

(3) Iraq relies to this moment on oil by 95 percent, and this was reflected in the provision of liquidity and hard currency when prices were subjected to collapse, indicating that the private sector, including agriculture, must take its role in building the financial economic relationship in Iraq and the relationship with society and building job opportunities For the citizen.

(4) Will Al-Kazemi succeed in drawing a new economic policy for Iraq?

The economist, on behalf of Antoine, says, according to a report of the Russian Sputnik, that “dependence on oil is not a failed experiment, but it must be harnessed in other economic sectors.

(5) Mismanagement and corruption have brought us to what we are now, and the process of transforming the Iraqi economy from oil-dependent rentier is not With the easy process, it needs talents and an honest government, and in general we should start now better than not starting.”

Antoine added:

“There is a distorted budget in Iraq, where 75% of it goes to salaries and concessions, which pushes the government towards borrowing and mortgaging oil, and

(6) the white paper for the Prime Minister needs to be implemented, and the question is who will implement this paper, which needs an efficient and impartial administrative apparatus to achieve it?” ?, The task is difficult in the presence of forces obstructing any reforms and causing the loss of more than a trillion dollars.

He continued:

(7) “The real window of reform is to create a safe environment for investment away from extortion and bureaucracy. Otherwise, the country is moving towards decay, because the government did not benefit from the experience of oil decline in 2008 and 2014, because of the same faces in power, and if no sincere faces came It is difficult then to change the economic direction of the country.”

Mawazin.net

Al-Kazemi will be in Saudi Arabia on Monday for his first foreign visit

Al-Hadath TV reported, on Tuesday evening, that the Iraqi Prime Minister, Mustafa
Al-Kazemi, will visit Saudi Arabia next Monday.

This visit will be the first foreign station for Al-Kazemi since he assumed the presidency of the Iraqi government last May.

Al-Kazemi will also conduct visits to Iran, America and Europe.

Shafaaq.com

Qasim Al-A’raji officially takes over from Al-Fayya

Shafaq News / Former Interior Minister Qasim al-Araji officially assumed the duties of the National Security Adviser instead of Faleh al-Fayyad, who held the position for several years.

In the National Security Advisor, this morning a ceremony was held to hand over and hand over the responsibility of the National Security Adviser to Al-Aaraji, by former National Security Adviser Faleh Al-Fayyad.

The media office of the National Security Adviser said in a statement received by Shafaq News that these ceremonies took place in the presence of a number of advisors and managers in this institution.

The statement added that Al-Araji presented an introductory meeting with the consultants and managers, as he welcomed the attendees, wishing them “more tender to serve the public interest and build Iraq.”

The Prime Minister and Commander-in-Chief of the Armed Forces, Mustafa al-Kazimi, had ended in the beginning of this July the assignment of Al-Fayyad and appointed Al-A’raji in his place. The tasks of Al-Fayyad were carried out in the conduct of the affairs of the National Security Agency, and Abd al-Ghani al-Asadi was assigned to administer the agency.

Shafaaq.com

Iraqi PM Pushes Electricity Projects

July 2020 in Iraq Industry & Trade News – By John Lee.

Prime Minister Mustafa Al-Kadhimi has held a meeting with the Ministers of Electricity and Oil to discuss electricity supply in Iraq, and directed that all electricity projects, especially those agreed with Siemens, be implemented without delay.

He added that Iraq has spent billions of dollars on the electricity sector in recent years, but because of corruption, waste and mismanagement, it failed to build a modern power grid that meets the needs of its citizens.

the PM said he is determined to address the problems in the electricity sector, implement plans for its development, and tackle corruption in all its forms in this critical sector.

(Source: Govt of Iraq)

Iraq-businessnews.com

Parliamentary finance reveals the number of outlets “out of control” in the north and south and stresses monitoring the currency auction

The Parliamentary Finance Committee revealed the number of “uncontrolled” outlets in the north and south, while stressing monitoring the auction of selling the currency and where its money goes, in light of the widespread corruption in the country .

The committee member, MP Ahmad Hama, said, “Today, the prime minister is required to start a campaign against the corrupt and influential mafias and controlling Iraqi ports in Basra and border crossings, as it is the economic focal point for Iraq .”

He added that “eleven border outlets in Basra and the same in the Kurdistan region of Iraq are outside the control of the state and no one knows what is going on in them, especially since the volume of waste in them is estimated at about nine billion dollars annually .”

Hama stressed that “the currency auction sells about $ 60 billion annually to purchase goods, but it is without supervision and there are no conditions for the import of goods, which makes waste in importing billions of dollars that are the right of the people .”

Aynaliraqnews.com

Al-Kazemi from Karbala: Supporting the private sector will provide job opportunities and we seek to activate the Iraqi industry

Baghdad today – Prime Minister Mustafa Al-Kazemi, during his visit to Karbala, said today, Tuesday, that he supports private sector projects in order to provide job opportunities.

Al-Kazimi stated in a press conference attended by the correspondent of (Baghdad Today) that “we support the private sector, and we are working to provide all the requirements for its success and improve its reality and activate and support the private sector will contribute greatly to providing job opportunities.”

He added that “the partnership between the public and private sectors is very important during the next stage and we support local projects and the Iraqi product, and we strive with full force to support, activate and revitalize the Iraqi industry.”

Al-Kazimi had arrived earlier in the day in Karbala Governorate, for the first time since he assumed the position of Prime Minister.

The Governor of Karbala, Nasif Jasim Al-Khattabi, received, today, Tuesday, the Prime Minister, in the local government building in the province.

The Prime Minister, Mustafa Al-Kazemi, held a meeting earlier today (July 14, 2020), with the local government in Karbala Governorate.

According to the official news agency, “The prime minister held a meeting with the head of the local government in the Karbala governorate, Nassif Jassem al-Khattabi, to open service projects in the governorate.”

Baghdadtoday.news

The Iraqi Central Bank discusses linking banks to the multi-currency “structures” platform

Baghdad – Mawazine News, The Central Bank of Iraq discussed, on Monday, the plans of action of banks operating in Iraq, to ​​ensure that it is easily linked to a multi-currency “structures” platform.

A statement issued by the bank / Mawazine News / a copy of it stated that “the Central Bank of Iraq, in cooperation with the Arab Monetary Fund, organized a workshop for banks operating in Iraq to participate in the platform, this came after the announcement of the launch of a platform for Arab payments of the Regional Foundation for the Clearing and Settlement of Arab Payments, which It is managed by the Arab Monetary Fund and preparations are made for this bank and a number of local banks for direct participation in the platform.

The statement added, “The workshop discussed the proposed banks ‘business plans and touched on the technical requirements and the steps required to ensure that they are easily connected to the platform and to know the banks’ readiness to do so.”

The “Bani” platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, to clearing and settling inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of Arab countries.

It aims to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments in all parts of the Arab region and outside in a safe and reliable manner at an appropriate cost and high efficiency, in addition to that the Bani platform provides participants with modern payment solutions that are in line with standards and principles International and international compliance requirements.

And in the opportunities for economic and financial integration in the Arab region, it actively contributes to it to support investment links with the trading partners of the Arab countries on various continents.

The platform will be available to all banks that meet the criteria and conditions for participation in them, foremost among which are the standards and procedures for compliance aspects. Ended 6/29 n

Mawazin.net

Al-Kazemi: The time to waste money has gone nowhere and today is launching a new phase

{Baghdad: Al Furat News} Prime Minister Mustafa Al-Kazemi confirmed today, Saturday, during the opening of the Mandali border crossing, that the time for wasting the misplaced funds has gone and today is launching a new stage.

Al-Kazimi said in a statement received by his media office, that “the Mandali port is one of the important outlets, but it has turned into a den and a crossing for the corrupt.”

He added, “The time for wasting money has gone out of place, and today we are launching a new phase,” indicating that “the port is under the protection of our military forces, and it has the right to shoot anyone who violates the customs campus.”

He continued: “We will work to automate the administrative aspects of customs to protect public money and fight corruption,” noting that “there are (ghosts) present in the customs campus that blackmail the merchant and businessmen, and our message to them is that we will track them and rid the ports of them.”

He explained that “the money is the money of the people and not the money of the corrupt, and today I directed to protect the customs sanctuary and to proceed with the procedures of automation and the pursuit of (ghosts).”

He continued, “Security authorities and the director of ports were given powers to deal with the situation of the outlets,” noting that “there are those who try to cover up to cover up and protect the corrupt, but we will proceed to restore the prestige of the state and the law, which is an opportunity to launch into the future.”

Al-Kazimi added: “We need the solidarity of all Iraqis in order to move forward, and we will not stop fighting the corrupt.”

Alforatnews.com

He revealed the files of Al-Kazimi’s upcoming visit to Washington

{Baghdad: Al Furat News}, said adviser to the Prime Minister, Mustafa Al-Kazemi, that the Prime Minister’s upcoming visit to the United States will include several aspects, including security.

“It is a visit that includes the development of all relations, including on the security side,” Hisham Dawood told Al Furat News.

He added, “Our relations with America are strategic, cultural, scientific, economic, agricultural, and there is no doubt on the security side, and this is normal because we have a common war against ISIS and military relations and we import weapons from them . ”

It is expected that Prime Minister Mustafa Al-Kazemi will visit Washington, DC, in the next few days, during which he will head the Iraqi side in the second round of the strategic dialogue between the two countries.

Alforatnews.com

Government of Iraq – @IraqiGovt

Promoting and encouraging private-sector investment in the economy is critical component of the @IraqiGovt reform programme as key driver of growth and job-creation. #InvestIraq