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Iraqi News Monday AM 11-9-20

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Basem Antoine: The Minister of Finance promised to include the private sector proposals in the white paper

Monday 09 November 2020  36  Morning: a safe haven  The economist Basem Antoine – the representative of the private sector – confirmed in the dialogue workshop on discussing the white paper that the Minister of Finance promised to integrate the proposals prepared by the private sector into the white paper with the aim of achieving the desired economic reforms.

The representative of the private sector in the dialogue workshop on discussing the white paper, an economist Bassem Antoine, told Al-Sabah, “We participated in the dialogue session to discuss the reform paper prepared by the government and managed by Minister of Finance Ali Allawi, in the presence of a number of ministry agents, bank directors and representatives of the private sector. And businessmen ».

The local economy

He added, “The private sector has prepared several proposals to be combined with the reform paper with the aim of reviving the private sector and making it a solution to the economic problems that Iraq suffers from in addition to absorbing unemployment and moving the local economy and developing it,” noting that “one of the most important points discussed in the dialogue session is Local industries and their support in terms of legalizing import, reforming the banking system, paying attention to Iraqi labor in investment companies, and using Iraqi expertise in strengthening the economy while educating the people to contribute to the success of reforms and finally cooperation with the media aimed at the country’s progress for the better.

The reform march

Antoine continued, “The Minister of Finance discussed with us the private sector paper during the session and promised to include it in the government reform paper,” explaining that “another meeting will be held with the minister soon to come up with a paper that includes the private sector’s view on the economic reform process prepared by experts and businessmen to solve the problems they have faced. Iraq suffers from it ».

The Correctional Paper

The Deputy Prime Minister for Economic Affairs and Minister of Finance Ali Allawi chaired a dialogue session to discuss the government reform paper and support it with new proposals and opinions, in which businessmen and experts in the economy participated.

The private sector is looking forward to drawing the government’s attention to the need to support it and to introduce the reform-white paragraphs – to restore its activity to absorb unemployment and contribute to solving the economic and financial crisis.   LINK

Al-Kaabi: We will not allow the sessions to be suspended, and we instructed to deduct the sums of money for absent MPs

Time: 11/09/2020 15:53:19 Read: 2,054 times  (Baghdad: Al Furat News) The First Deputy Speaker of Parliament, Hassan Karim Al-Kaabi, said during his presidency of today’s session, “We will not allow the Parliament sessions to be suspended under any excuse or justification.”

Al-Kaabi directed “the financial and parliamentary departments in the parliament to proceed with deducting sums from all representatives who are absent from the sessions and issuing final warnings against them.” Twisted Evil  LINK

Parliament gives the green light to the government to disburse salaries … and the parliamentary finances reveal the date

Time: 11/09/2020 15:05:06 Read: 27,729 times   {Baghdad: Al Furat News} The House of Representatives, represented by the Parliamentary Finance Committee, gave the green light to the government to disburse and release the salaries of employees.

“The meeting with Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi witnessed dialogue and discussion on the draft law on financing the fiscal deficit (borrowing) and salaries,” said the reporter of the Finance Committee, Ahmed Al-Saffar.

He added, “During this week, we will pass the borrowing law and the government will start distributing salaries,” likely “to vote on borrowing on Wednesday or Thursday of this week.”

“We agreed during the meeting to release salaries, and parliament in turn pledged to pass the law, but not with the amount requested by the government (41 trillion dinars). Rather, we will focus on the necessities and another possible postponement to the 2021 budget,” Al-Saffar stressed.

He explained, “We told the Minister of Finance that he will start distributing salaries until the law is approved this week.”

Prime Minister Mustafa Al-Kazemi met today with members of the Parliamentary Finance Committee regarding the borrowing law.

“There was a positive atmosphere dominated by a sense of shared responsibility that prevailed in Prime Minister Mustafa Al-Kazemi’s meeting with the chairman and members of the Parliamentary Finance Committee,” Al-Waraa’s spokesman, Ahmed Mulla Talal, said in a tweet.

He added, “The employee’s sustenance and the need to secure it quickly was a common concern, and we look forward to voting on a law to cover the fiscal deficit next Thursday to start launching employees’ salaries.”  LINK

Member of the Representative Economy: Underemployment has filled the government apparatus … reform begins to be addressed

Pratha News Agency86 2020-11-09  A member of the Parliamentary Economy and Investment Committee, Nada Shaker, called for addressing the disguised unemployment in the government apparatus, which has exceeded the limit, as she described it.

Shaker said: “Resorting to improvised decisions to solve the financial crisis the country is going through, or the disguised unemployment in some non-productive state institutions, will deepen the crisis more than help in solving it.” http://burathanews.com/arabic/news/380135

Deputy: Parliament will not support any financial borrowing in 2021

Pratha News Agency79 2020-11-09   Member of Parliament, Mudhar Al-Karawi, confirmed, on Monday, that Parliament will not support any move to borrow in the next year, regardless of the situation, indicating that Parliament and the government will reach a compromise regarding the amount of the borrowing.

Al-Karawi said in a press statement that “disagreements still exist over determining the amount of borrowing to support the file of paying salaries by the government, especially since the latter demanded an amount of 41 trillion, which is an exaggerated number according to the vision of the financial and economic committees together, not commensurate with the actual need to pay salaries and the rest of other expenses.”

Al-Karawi added, “Parliament and the government will reach a compromise regarding the amount of the borrowing, but in any case it will not be 41 trillion, especially since the Finance Committee has determined the amount of the loan that can be voted from 10-15 trillion dinars to avoid pressure on the national economy, especially since the loans have great benefits. “.

Al-Karawi pointed out that “Parliament will not support any new borrowing in the next year for any reason whatsoever and whatever the financial circumstances, because this would lead the economy to a very critical stage amid warnings by all concerned and experts about the danger of borrowing without resorting to alternative solutions, especially in light of The existence of financial resources that require decisive decisions to maximize them and confront corruption that plunder a large part of their revenues.   http://burathanews.com/arabic/economic/380138

Mulla Talal: A positive atmosphere prevailed in the Al-Kazemi and Parliamentary Finance meeting, and we are looking forward to approving the deficit financing Thursday

Time: 11/09/2020 14:49:41 Read: 2,990 times  {Al Furat News: Baghdad} The official spokesman for the Prime Minister, Ahmed Mulla Talal, confirmed, on Monday, that a positive atmosphere prevailed in the meeting of Prime Minister Mustafa Al-Kazemi with the Parliamentary Finance Committee.

In his tweet on Twitter, Talal said, “A positive atmosphere prevailed over a sense of shared responsibility that prevailed in the meeting of the Prime Minister, Mr. Mustafa Al-Kazemi, with the Chairman and members of the Parliamentary Finance Committee, noting that” the employee’s strength and the need to secure him quickly was a common concern.

He continued, “We are looking forward to voting on the law to cover the fiscal deficit next Thursday to start launching employees’ salaries.”   LINK

The governor of the Central Bank and his Saudi counterpart are discussing increasing the number of Iraqi banks in the Kingdom

Time: 11/09/2020 15:56:08 Read: 1,417 times  (Baghdad: Al Furat News) The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhaif, met with his counterpart, Governor of the Saudi Arabian Monetary Agency, Ahmed bin Abdul Karim al-Khulaifi, and discussed the monetary and banking policies between the two countries.

In an opening speech to the meeting, which was attended by a high-level delegation from both sides, the Governor of the Iraqi Bank stressed the possibility of resuming the training of the employees of the Central Bank at the Saudi Arabian Monetary Agency, as well as discussing the developments of the opening of the Iraqi Trade Bank (TBI) branch in the Kingdom of Saudi Arabia and the possibility of increasing the number of Iraqi banks In Saudi Arabia to exchange practical experiences. ”

The two sides discussed “developments in the agreement to avoid double taxation between the two countries.”

For his part , the governor called on the Saudi Arabian Monetary Agency to strengthen the relationship between the two countries , especially in the banking sector, “pointing out that” Iraq is a good deal of the financial arena and expressed his willingness to open more prospects for cooperation in various fields between the two countries. ”  LINK

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