Iraq: We do not need loans from the International Monetary Fund

Iraq: We do not need loans from the International Monetary Fund

العراق: لسنا بحاجة إلى قروض من صندوق النقد الدوليShafaq News/ The Iraqi government announced on Thursday that there is no need to borrow from the International Monetary Fund, describing at the same time the relationship between the two sides as “very good.”

Iraqi Finance Minister Ali Abdul Amir Allawi said in a press conference held at the ministry building in Baghdad and attended by Shafak News Agency, “We do not need loans from the International Monetary Fund now, after we needed nearly 4 billion dollars under the category of economic reform after the improvement of the financial situation.” Noting that “our relationship with the IMF is very good.”

And he added, “There are three axes for obtaining loans from the Fund. First, the corona loans we did not need, the economic reform loans we needed, and the loans to cover the large financial deficits of countries we did not need.”

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Al-Kazemi was impressed by the proposals presented by the National Dialogue Conference in Baghdad

Al-Kazemi was impressed by the proposals presented by the National Dialogue Conference in Baghdad

May be an image of 1 person and textBaghdad – On Friday, Prime Minister Mustafa Al-Kazemi expressed his admiration for the proposals presented during the National Dialogue Conference in Baghdad.

Al-Kazemi stated in a blog post, seen by “Nass” (August 27, 2021), “I was impressed by the proposals presented by the National Dialogue Conference in Baghdad, which included social, professional, cultural and youth figures from all provinces and the reform paper that they voted on.”

He added, “I promised to draw inspiration from the contents of this paper and submit it to the political forces so that it becomes a national pledge and pact that provides an atmosphere of confidence to contest the elections.”

Prime Minister Mustafa Al-Kazemi said, on Thursday, that the people deserve the state, stressing that the time for adventures is over.

Al-Kazemi added, during a speech at the National Dialogue Conference sessions, (August 26, 2021), that “our responsibility is grave, because the main problem in Iraq as we see it was not a problem of demonstrations or the intersection of opinions or ideas, but rather the problem as we understood it is the lack of confidence. And the lack of confidence in any society in the world is a real danger to that society.” He explained, “We have faced a real social crisis, more than just a political crisis, even if its causes are political. When society loses its confidence in official institutions and in the political and electoral process, it is on the verge of losing confidence in the state, and these are the highest stages of danger to any society in the world.”

He continued, “We deeply believe that our people do not lose confidence in the state, so let us understand that the popular movement in Iraq, its essence and depth, is the defense of the state, regardless of the method of expression and the difference in viewing angles on how to practice defending the state.”

Al-Kadhimi affirmed, “We accepted the responsibility according to a road map consisting of three main points: the first is to reach fair, early and early elections.

The second is related to ensuring the security of the citizen and combating uncontrolled weapons. The third is to address the consequences of the painful events that passed through Iraq in the month of October of the year two thousand and nineteen and their repercussions And beyond this history and the fall of dear martyrs from among our youth, while they are demanding their rights.”

And he added, “We focused first on compensating those affected by the families of the October martyrs, and we issued decisions to include them with all the martyrs’ entitlements, and we insisted on this decision despite the presence of political opposition to it, and we did not retreat from taking it to the end.”

He pointed out that “we are still holding on to the election date on the tenth of next October, because we are true to our word before our people. We said in the letter of assignment that we will reach these elections,” saying, “We did our duty and took many steps in terms of supporting the forces and restoring prestige to them to play their role in Protecting the homeland and the citizen and combating uncontrolled weapons and crime, whatever their source.”

He stressed that “the next government must complete this task, and stress the continuation of the momentum to complete building our security and military capabilities and prevent all armed manifestations outside the framework of the state,” stressing that “we are determined to prevent Iraq’s involvement in regional and international quarrels, and we adopted the principles of good neighborliness with our neighbors and friends, and we have prepared Distinguished relations regionally and internationally for the benefit of the Iraqi people.

The Prime Minister pointed out that “the file of foreign relations is at its best for many years, and the Baghdad Conference for Cooperation and Partnership will be held on the soil of Iraq, with broad regional and international participation, which is a reflection of Iraq’s positive foreign policy that opens new doors for cooperation and support for Iraq in all fields, and Iraq restores its size and role.” natural and historical contexts in the regional and international environments.

And he stated, “We formed a legal team of retired judges known for their integrity, which made the greatest stride in collecting facts about the events of October of the year two thousand and nineteen and their repercussions and circumstances from all concerned parties,” noting that “the institutional work of the legal team needs time to ensure its integrity and non-interference.”

In its procedures, we, as a government, left the concerned team absolute freedom to deal with all files related to the executive authority, its institutions, personalities and files, and we also left them absolute freedom to determine the mechanism for announcing the final results of the investigation.

Al-Kazemi stressed that “we faced no less dangerous challenges represented by the economic collapse with the collapse of oil prices, and the challenge of the Corona pandemic, and thank God we have overcome the economic crisis together,” noting that “many parties that do not want good for Iraq did not want us to overcome this crisis, but our people He was vigilant and knew the boundary between the cautious position and the bidding position that traded in the capabilities of the nation, and he realized that the crisis needed real decisions, not political outbidding and shouting in the media.

The Prime Minister said, “We have prepared the reform white paper to be a road map to save the Iraqi economy from the state of slavery in oil prices, and move it to be an effective and productive economy in the coming years,” noting that “what I reviewed here does not represent a defense of the government, and not electoral propaganda; Because, as you know, I am not participating in the elections, but it is a framework that must be clear to understand together the challenges facing this country and the paths that must be established in the next stage.

Al-Kazemi stressed, “I will work hard to ensure that the recommendations of this conference are present in the government’s performance, and I urge all of you to cooperate together as people of one country to move our country from a state of conflict, difference, deterioration, doubts and mistrust to prosperity, development, strength, work and mutual trust.”

He explained that “all these goals do not occur with words only, but through two basic issues: the first is to identify the defect frankly, clearly and courageously. The second is to work to fix this defect, no matter how difficult and painful the matter is, and that we together insist that our people deserve the future and that they deserve to move From chaos to stability.

The Prime Minister said that “our people deserve the state, and reject the non-state, our people deserve their place among the nations of the earth, and refuse to be a playground for conflicts and passions. We must put our hand in the hands of each other, the government and parliament, national political forces, popular activities, clans, youth, women and professional unions, to help our country move forward always, and open future horizons for future generations.”

He stressed that “the time for adventures is over.. Today is our date with hard work, and the elections are the criterion for choosing who will stand up to this work and gain the people’s trust. Participate in the elections and support them. Choose your representatives, and be on the covenant with your people.”

On Thursday, the head of the Independent Research Group, Munqith Dagher, stressed the importance of the outcomes of the “National Dialogue” conference, which is currently being hosted in the capital, Baghdad.

On Thursday, the capital, Baghdad, will witness the activities of the second day of the National Dialogue Conference, with the participation of most of the components, clerics, tribal sheikhs, and academic and patriotic figures from various regions and governorates of Iraq.

Dagher told “Nass” (August 26, 2021), that “the conference has different orientations, aiming for the first time to unify the people’s saying through a written document, as it aims to embody the Iraqi people’s vision, ambition and hopes.”

Dagher pointed out that “the conference turned towards the views of the elites, representatives of the people in general, and activists, rather than towards the opinions of politicians or party activities, with the aim of clarifying the opinion of the Iraqi street on the issues surrounding it.”

The head of the Independent Research Group reiterated in his speech that “the conference wanted to represent the popular forces.”

According to a previous statement to the conference, “Nass” received a copy of it (August 26, 2021), “The goals and message of the National Dialogue Conference included, first, that elections are the primary means of democratic expression, and secondly, the adoption of the constitution, the document that everyone accepted as a governing and just framework, And third, that the political forces in the government and parliament work to ensure the integrity of the elections, and that the upcoming government and parliament abide by the time limits for ending the US combat presence.

The message of the conference included the necessity of respecting peaceful demonstration and protest as a guaranteed constitutional right, strengthening the capabilities of the military, security and intelligence institutions, defining their roles and tasks, preventing and criminalizing sectarian and racist discourse with clear laws, and respecting religious, national and sectarian diversity in Iraq.

The conference called for the formation of a higher committee with broad powers in coordination with the judiciary to scrutinize corruption files since 2003 and to hold the negligent accountable.

The conference urged the formation of a higher committee to audit the currency auction file and the work of banks and banks.

And Prime Minister Mustafa Al-Kazemi launched, earlier, a call for a comprehensive national dialogue and to move away from the language of political slander.

Al-Kazemi said in a televised speech, followed by “Nass” (March 8, 2021), “The Iraqi people bid farewell to His Holiness the Pope with warmth and appreciation. His visit was a bright spot that embodied the essence of our people,” noting that “the message of His Holiness the Pope has reached all parts of the world.”

He added, “The message of our people has reached all the peoples of the earth, for we have suffered many wars, and blood ran on our land until it was drenched, and death spread for decades, its black shadows in our homes.”

He continued, “There is nothing in our hearts but the great meanings of humanity, and we have lived together for more than six thousand years and we are still together. He said, “We hold each other’s hands with the diversity of our religions, sects and nationalities, just as the hands of Mr. Sistani and His Holiness the Pope were united.”

Nasnews.com

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Al-Kazemi: National dialogue proposals I will present to the political forces to become a national charter

Al-Kazemi: National dialogue proposals I will present to the political forces to become a national charter

الكاظمي: طروحات الحوار الوطني ساعرضها على القوى السياسية لتصبحَ ميثاقاً وطنياًBaghdad / Obelisk: On Friday, August 27, 2021, Prime Minister Mustafa Al-Kazemi expressed his admiration for the proposals presented during the National Dialogue Conference in Baghdad.

Al-Kazemi stated in a blog post monitored by “The Obelisk”, “I was impressed by the proposals presented by the National Dialogue Conference in Baghdad, which included social, professional, cultural and youth figures from all provinces and the reform paper that they voted on.”

He added, I promised to draw inspiration from the contents of this paper and submit it to the political forces to become a national pledge and pact that provides an atmosphere of confidence to contest the elections.

Almasalah.com

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The Governor of the Central Bank talks about the settlement of salaries and the work of the banking sector

The Governor of the Central Bank talks about the settlement of salaries and the work of the banking sector

محافظ البنك المركزي يتحدث عن توطين الرواتب وعمل القطاع المصرفيBaghdad – The Governor of the Central Bank of Iraq spoke, on Wednesday, about the project to localize salaries and other electronic operations that pertain to the work of the banking sector.

A statement by the bank, which “Nass” received a copy of, (August 11, 2021), stated that “the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhaif, spoke during a lecture he gave at the Defense University for Higher Military Studies, which included introducing the tasks, work and objectives of the Central Bank, in the presence of elite professors The university and a number of officials of state ministries: on the monetary policy followed by the Central Bank and its tools.

The statement added, “The governor also dealt with the initiatives launched by the Central Bank of Iraq and their direct effects in supporting and stabilizing the economic and financial situation in light of the Corona pandemic, and the challenges facing public finances, as his initiatives were assigned to lending small and medium projects to the real sector that was affected by crises and challenges.” .

The statement pointed out that “it also touched on the Central Bank’s procedures in developing the banking sector and correcting some of the approved methodologies, and emphasized the project of localizing salaries and other electronic operations that pertain to the work of the banking sector.”

He continued, “To that, the President of the University and the Dean of the Defense College for Higher Military Studies thanked and appreciated the Governor of the Central Bank for accepting the invitation to visit and the information included in the lecture in a way that serves the Iraqi economy.”

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Former heads of government are absent from the elections.. and leaders who maintained their political momentum

Former heads of government are absent from the elections.. and leaders who maintained their political momentum

May be an image of 5 peopleBaghdad / Obelisk: The Iraqi legislative elections lists are devoid of former prime ministers, a precedent that did not occur, in addition to the fact that the sixth prime minister after 2003, Mustafa Al-Kazemi, will not participate in the elections.

The lists were emptied of five former prime ministers, namely Iyad Allawi, Ibrahim Al-Jaafari, Nouri Al-Maliki, Haider Al-Abadi, and Adel Abdul-Mahdi, as well as Mustafa Al-Kazemi.

But there are those who will be a strong political actor through the bloc he leads, as Allawi participates through the Civil National Front, Nuri al-Maliki through his State of Law coalition, and Haider al-Abadi through the Victory Coalition, which allied with the Wisdom Movement led by Ammar al-Hakim in the name of the State Forces Alliance.

However, Ibrahim al-Jaafari and Adel Abdul-Mahdi seem to be in a state of final retirement, or at least a period of inactivity, while former Prime Minister Nuri al-Maliki maintained his political momentum, while indicators reveal a pivotal role he will play in the elections and the next stage.

Haider al-Abadi will be present through his alliance with Ammar al-Hakim.
Al-Jaafari stayed away from the political spotlight, while Abdul-Mahdi resigned at the end of 2019 against the backdrop of popular protests, and he is no longer officially present in any political party.

The current Prime Minister, Mustafa Al-Kazemi, decided not to participate in the elections.

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Inflation of money and illegitimate gain.. Referring officials and officers to the judiciary on charges of corruption

Inflation of money and illegitimate gain.. Referring officials and officers to the judiciary on charges of corruption

May be an image of monumentBaghdad – The Integrity Commission announced, on Tuesday, the referral of dozens of files about inflated funds and illegitimate earnings to various positions ranging from minister, general manager, and officers in the army and internal security forces.

The Director-General of the Prevention Department, Ali Qassem, said, in an interview with the official newspaper, followed by “Nas”, (August 10, 2021): “The most prominent achievements that the authority has achieved through the Prevention Department since the implementation of the first amendment to the Law of the Integrity Commission and its entry into force are referring (30) files to the Investigation Department.” About inflating money and illegal gain for various job grades ranging from (minister), (general director), (army officers and internal security forces) and high ranks (judge), in addition to other job grades.

He stressed, “the issuance of final court rulings in some of them, as the result of one of the cases was the issuance of a judicial decision to recover the value of illegal gain amounting to 17 million dollars to the state,” noting that “some cases are still under investigation in the judiciary, as well as some files are under investigation.” The achievement is by the Prevention Department, and it will be referred to the judiciary and announced soon.”

He added, “This year witnessed an increase in the number of officials who disclosed their financial liabilities as a result of the provisions contained in the first amendment to the Law of the Integrity and Illicit Gain No. 30 of 2011, as it had a significant impact on increasing the number of respondents to disclose their financial liabilities, when This law included deterrent measures and criminal penalties against those who refrain from disclosing their financial liabilities, as well as those who deliberately conceal and not disclose some information about their movable and immovable funds, as the number of respondents increased at a high rate as soon as the law was published in the Iraqi Gazette and entered into force.

Qassem revealed the parties that the Department of Prevention can seek help and coordinate with to investigate the funds of the taxpayers, noting that it “uses and coordinates with most of the relevant authorities in the field of investigation and investigation of money inflation and illegitimate gain, including the Ministry of Interior and its departments and the ministries of Finance, Justice, Industry and Agriculture, as well as the The Central Bank of Iraq and many other destinations.

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More than 60 teams follow up on the projects of the White Paper…

More than 60 teams follow up on the projects of the White Paper.. This is what a government advisor revealed

اكثر من 60 فريقاً لمتابعة مشاريع الورقة البيضاء.. هذا ماكشفه مستشار حكوميAdvisor to the Prime Minister, Executive Director of the Reform Cell, Alaa Abdul-Hussein Al-Saadi, confirmed today, Friday, that all projects of the White Paper will be launched at one pace according to the specified time limits, while pointing out that 64 teams have been formed to follow up on the implementation of projects.

Al-Saadi said, to the official news agency, that “the governance mechanisms for implementing the white paper include time ranges that divide projects into programs. and objectives contained in the white paper.

On the most prominent challenges facing reform efforts in the field of combating financial and administrative corruption, and in response to those concerned and those opposed to the White Paper projects, Al-Saadi explained, “Any change that occurs is always accompanied by opponents, and there is a kind of fear and opposition, but the government’s goal is to deliver a message aimed at improving performance.” The government in the field of financial management, the economy in general, and the implementation of projects, which leads to simplifying procedures for investors and the general public, and thus eliminating red tape, which will subsequently lead to the elimination of corruption.

He stressed, “The government’s priorities in implementing projects are many and large, and all programs will be launched at one pace according to the specified timescales,” noting that “the white paper includes 64 projects, and 64 teams have been formed so that there is a team for each project that is launched according to the pre-established plan.” He pointed out that “the Reform Department cell began its follow-up to the implementation of the white paper by communicating with all the main and supportive executive bodies for the implementation of projects, facilitating the procedures for the implementation process and preparing them, and making the various parties understand the mechanisms for their implementation,” noting that “the preparation process will be relatively long, but it is important for proper implementation.” for programmes.

On August 2, the Prime Minister, Mustafa Al-Kazemi, announced the start of implementing the administrative and executive mechanisms of the economic reform plan within the white paper.

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Iraq knocks on the door of the IMF, requesting a loan of up to 4 billion dollars

Iraq knocks on the door of the IMF, requesting a loan of up to 4 billion dollars

The Ministry of Finance has started the draft budget for 2022, assuming the oil price is at $50 per barrel

العراق يطرق باب صندوق النقد طلباً لقرض يصل إلى 4 مليارات دولارIraqi Finance Minister Ali Allawi said yesterday, Thursday, that Iraq recently resumed its talks with the International Monetary Fund to obtain a loan of between 3 and 4 billion dollars, after earlier halting such efforts to secure liquidity.

Talks between the International Monetary Fund and Iraq began last year, amid the pandemic-related demand shock that caused oil prices to fall, but the discussions were postponed as energy markets and the country’s foreign exchange reserves recovered. The government is now proactively looking forward to help cover its budget deficit.

“I don’t think we will reach an agreement with the International Monetary Fund before the end of this year,” Allawi told reporters in Baghdad. “With the October 10 national elections approaching, the government and parliament will be sidelined.”

The Ministry of Finance started the draft budget 2022 with the assumption of the oil price at $ 50 a barrel, considering that this level is not fixed.

The Iraqi Minister of Finance announced that the 2022 budget, which the ministry began preparing a few days ago, will have a reform dimension, as it “different from previous budgets” and reflects “the reality of Iraq’s obligations.”

He explained that the ministry will seek to submit this new budget to Parliament before the early parliamentary elections scheduled for October, adding that it will be a “reform budget, but it may be politically difficult.”

The minister is likely hinting at the difficulty of passing the new budget due to the high value of the deficit in it, as happened in the previous budget. In the proposed 2021 budget bill, which the government submitted to Parliament, the value of the deficit was estimated at 49 billion dollars. However, the deputies made up the difference by canceling debts and dues from the state, especially dues for Iranian gas and energy, and other payments for infrastructure.

The value of the deficit in the 2021 budget, as approved by Parliament, amounted to $19.8 billion, compared to $23.1 billion in 2019, knowing that Iraq did not approve the 2020 budget due to political tension.

The total value of revenues in the 2021 budget amounted to about 69.9 billion dollars, calculated based on the export of crude oil on the basis of a price of 45 dollars per barrel, and an export rate of 3 million and 250 thousand barrels per day. As for the value of the 2021 budget, it amounted to $89.7 billion, about 30% lower than the last budget approved in 2019.

The Minister of Finance explained that the price of a barrel in the new budget will be 50 dollars, which is an adjustable figure. However, the value of a barrel of oil in the market is currently much higher.

Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries, is going through its worst economic crisis. The poverty rate in the country has doubled during the year 2020, and 40% of the population of 40 million is classified as poor according to the World Bank, while the Iraqi dinar has lost 25% of its value.

Corruption, which has cost Iraq twice as much as its gross domestic product, or more than $450 billion, is the main concern of Iraqis who suffer from a lack of electricity, hospitals and schools.

However, the minister said that Iraq’s financial situation has improved this year due to “the rise in the price of oil and the change in the exchange rate of the dinar.”

With regard to oil, Allawi believes that the current price levels are good for producers and balanced for consumers. Looking ahead, he predicts that the next battle in OPEC will not be over prices, but over who exports more, and if all members boost exports, prices will surely suffer.

The minister lamented ExxonMobil ‘s withdrawal from the country’s energy projects, but said he agreed that the company should stick to its policies.

Iraq is expected to sign an agreement with Total Energies SE before the current government’s mandate expires, although the completion of the contract may extend to the next administration, according to Allawi.

On July 25, the Iraqi Council of Ministers agreed to award Total Energies SE a contract to develop a natural gas field, allowing it to help boost oil production in the country. The French energy company aims to collect and process 600 million standard cubic feet of gas per day from the Ratawi field, according to the government.

As for the agreement that Iraq signed with Lebanon last month to export one million tons of heavy fuel oil annually – the price of which is paid through services and goods – Allawi said that Iraq will look to benefit from the Lebanese expertise in the fields of banking, education and tourism.

Alarabiya.net

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PARLIAMENTARY ECONOMY: ABSENCE OF ALL JUSTIFICATIONS FOR RAISING THE PRICE OF THE DOLLAR

PARLIAMENTARY ECONOMY: ABSENCE OF ALL JUSTIFICATIONS FOR RAISING THE PRICE OF THE DOLLAR

المركز الخبري الوطنيBaghdad / National News Center – A member of the Parliamentary Economy Committee, Mazen Al-Faili, confirmed today, Wednesday, that there are no justifications for raising the dollar exchange rate, while the Finance and Central Bank demanded a return to the previous rate.

Al-Faili said, in a statement received by the “National News Center”, that “it is no secret to any follower that the decision to raise the exchange rate of the dollar has negatively and significantly affected citizens in the various layers of poor and fragile society, employees, and even traders and contractors.”

He added: “We believe that the justifications given by the government are unrealistic and unstudied for the following reasons:

1- The rise in oil prices in global markets, which contributed to a significant increase in the financial returns to the state treasury, which negates the need to raise the exchange rate of the dollar.

2- The average dollar sale in the Central Bank’s sales window has increased relatively, which means that raising the exchange rate did not stop the depletion of hard currency and money laundering operations, as the government claimed, as the data shows, for example, that Iraq sold in July 2020 an average of 183 million dollars per day in When he sold in July 2021 an average of 210 million dollars, which shows an increase in the quantities of dollars sold, which means the futility of raising the exchange rate.

3- OPEC’s decision to increase Iraq’s share of selling oil in world markets by 150,000 barrels per day, equivalent to (300) million dollars per month.

4 – What some justify raising the exchange rate for the purpose of supporting the local product is contradicted by the decisions that granted Jordan exemptions from customs duties for hundreds of materials and the sale of oil at a low price, as well as the absence of infrastructure for national industries and many raw materials imported from abroad in dollars, thus raising the cost of production and weakening its competitiveness with Similar imported product.

5- After more than eight months have passed since the exchange rate was raised, we wonder what the financial savings that occurred as a result of the exchange rate increase have been achieved. What was achieved by raising the exchange rate also leaked into the pockets of the corrupt!”

He continued, “The points we mentioned clearly indicate that there is no need to raise the dollar exchange rate, so we stress the Ministry of Finance and the Central Bank of the need to restore the exchange rate to what it was previously and not to invoke justifications that do not withstand the data and data that we have indicated.”

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The Central Bank invites exchange companies regarding the banned names

The Central Bank invites exchange companies regarding the banned names

imageBaghdad – Mawazine News: The Central Bank of Iraq called on exchange companies to follow up on the names of persons and companies banned as a result of money laundering and terrorism crimes.

The bank said in a statement that Mawazine News received a copy of it, that it “would like to emphasize the money laundering and terrorist financing controls of companies brokering the sale and purchase of foreign currencies, which stipulated the need for companies to follow up on the banned names received from the official authorities concerned with this.”

The Central Bank called on exchange companies to “own an electronic system that includes the daily movements of their activities, with the need to link this system with the international and local deprivation lists, which are supervised by the Central Bank of Iraq.” Ended 29/A 4

Mawazin.net

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