Iraq Economic News and Points to Ponder Late Wednesday 4-10-2024
Tlm724 Administrator Bondlady’s Corner
Following The “Golden Rule”… A Government Advisor Explains How Iraq Can Liquidate Its Foreign Debts
Time: 04/09/2024 13:31:32 Read: 3,458 times {Economic: Al-Furat News} A government advisor explained how Iraq will liquidate and reduce its foreign loans and debts.
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, told Al-Furat News Agency,
“A positive indicator of the decline in external obligations, and foreign loans in the future will be limited when needed to projects that generate income and employ work.”
He stated, “Many of the committed and undrawn external debts have been liquidated, which means that Iraq follows the {golden rule} in borrowing, which stipulates that the returns from using external loans spent on productive projects exceed the cost of the loan itself, and this is what is called {productive external loans}”.
Government spokesman Bassem Al-Awadi announced yesterday that “the government took a series of executive measures and adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion in late 2022, to $15.976 billion.” In 2023, reaching approximately $8.9 billion in the current year.”
He stated, “These financial steps, (which included stopping a number of borrowing operations due to their delay and lack of productivity, organizing and managing debts and auditing them, and restructuring some debts and directing them to create strategic projects), aim to prevent the Iraqi economy from mortgaging obligations that may affect, in the future, the political decision.”
Or in the path of national development, which coincides with an urban renaissance and infrastructure reconstruction, which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities.
https://alforatnews.iq/news/متبعاً-القاعدة-الذهبية-مستشار-حكومي-يوضح-كيفية-تصفية-العراق-لديونه-الخارجية
Al-Hakim: The Sudanese Visit To America Is Important And Must Be Supported
Political | 04/10/2024 Mawazine News – Baghdad On Wednesday, the head of the Wisdom Movement, Ammar al-Hakim, called on the national leaders to a “high central” meeting to review and evaluate the political experience in Iraq. He also called on the Presidency of the House of Representatives to set a “soon date” for electing a speaker of Parliament, while stressing the necessity of supporting the visit of Prime Minister Muhammad Shia Al-Sudani expected to come to Washington.
Al-Hakim said during his Eid al-Fitr sermon: “We thank God Almighty for the restoration of security in the country, thanks to the governmental, security and military efforts made by all the valiant institutions and armed forces in (Defence, Interior, Popular Mobilization Forces, Peshmerga, National Security, Intelligence Service and National Security Advisory) under the leadership of the Sudanese brother.
Everyone must join hands and cooperate in preserving the achievement – society, government, elites, political forces, institutions and parliament.
Al-Hakim called on the national leaders to “a high-level central meeting based on investing in the positive environment that the country is currently experiencing and benefiting from it in reviewing and evaluating the political experience in Iraq and coming up with fundamental and detailed points that address the structural errors that cause political blockages in the country, and political blockages have always been obstructive and confusing to the course of action.” Building and developing the state.
He continued: “We need profound reforms to the structure of the political system in its economic and legislative dimensions, provided that these reforms are based on the political experience that the national political forces in Iraq went through.
We do not want to start from scratch and expose the country to political vacuum and confusion… Rather, we want structural reform.” It is consistent with the nature of the federal state system on the one hand and is based on its constitutional institutions without procrastination and obstruction on the other hand.”
Al-Hakim called on the government and the House of Representatives to “adopt a strategic national document that clearly stipulates the identification of mechanisms that protect the highest interests of the country, most notably the rule of the constitution and the judiciary, and that we do not deal with these mechanisms in political contexts whose concern is profit and loss, but rather deal with the mentality of the state and concern for the interests of the country and the rights of the people.” Stressing “the need for there to be broad participation in writing this national document within the foundations of specialization and solid methodology.”
He stressed that “the state cannot be strengthened without relying on its executive and legislative institutions in a balanced and responsible manner, as they are the representative and competent in foreign dealings and the formulation of the country’s foreign policy depends on them, and this will not be done in isolation from a comprehensive framework that includes the national political forces that represent the people and that have translated the people’s trust in that government.” It is an essential and supportive part of the government’s work and directions.”
He pointed out “the importance of activating the legislative and oversight role of the House of Representatives by accelerating the selection and election of a new president who will carry out the burdens of managing the House, its responsibilities, its sessions, its agenda, and organizing its relationship with other authorities,” continuing:
“This matter requires our brothers in the Sunni component to speed up the understanding within the component to resolve the presidency file.” “The Council, we are confident of their ability to resolve this issue soon and urgently, and we are ready to provide any assistance required in this regard.” https://www.mawazin.net/Details.aspx?jimare=245618
Provoking Points To Ponder On Failures and Mistakes
There is nothing wrong with making mistakes. Just don’t respond with encores.- Anonymous
The road to wisdom? Well, it’s plain and simple to express: Err, and err, and err again. But less, and less, and less. – Piet Hein
I made a mistake today, I made a mistake yesterday. I think it’s … very important to ignore the negative.- Jerry Rubin
The biggest quality in successful people I think is an impatience with negative thinking. … How many opportunities come along? If you wait for the right one, that’s wrong, because it may never be right, and what have you got to lose? Even if it’s a disaster, you’ve tried, you’ve learned something, you’ve had an adventure. And that doesn’t mean you can’t do it again.- Edward McCabe
A peacefulness follows any decision, even the wrong one.- Rita Mae Brown
If you don’t accept failure as a possibility, you don’t set high goals, you don’t branch out, you don’t try – you don’t take the risk.- Rosalynn Carter
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
