Iraqi Economic News Highlights Wednesday Evening

  In Iraqi News 

Wednesday Evening Iraq Economic News Highlights 10-5-22

 

Blackshart: If The Budget Is Not Approved, Government Spending Will Stop At The End Of This Year

 

Money  and business   Economy News / Baghdad  The United Nations representative, Jenin Plaschaert, warned, on Tuesday, of stopping government spending in Iraq in 2023 in the event that a budget for the country is not approved.

 

“The political repercussions that result from not holding parliamentary elections for the Kurdistan region in a timely manner, not properly handling public expectations, and neglecting basic democratic principles will be very costly,” Plasschaert said in a briefing to the United Nations.

 

She added, “Government spending will stop at the end of this year if the budget is not approved,” warning that “keeping the system as it is will rebound with negative results.”

 

“All anti-corruption efforts have failed,” Plasschaert said.

 

210 . views   Added 10/04/2022 – 5:58 PM  Update 10/05/2022 – 11:50 AM

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Mostafa Ghaleb Discusses With The World Bank The Reform Of The Government Banking Sector

 

Money  and business  Economy News-Baghdad  On Wednesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, discussed with a delegation from the World Bank headed by the Regional Director of the Middle East Department, Jean-Christophe Cary, to enhance bilateral cooperation.

 

A bank statement stated that “during the meeting, they discussed the continuation of bilateral cooperation, the promotion of financial inclusion and the various projects to reform the banking sector, especially government banks.”

 

The governor reviewed “the efforts of the Central Bank of Iraq in combating money laundering and terrorist financing, and the development projects launched by the bank to move the wheel of the Iraqi economy.”  54 . views   Added 10/05/2022 – 1:28 PM  Update 10/05/2022 – 3:06 PM

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Al-Kazemi’s Government Discusses The Financial Situation In Iraq And Takes Decisions

 

Shafaq News/ The Iraqi Council of Ministers, headed by Mustafa Al-Kazemi, discussed today, Tuesday, the financial situation in the country, and took a number of decisions in several files.

 

Al-Kazemi’s media office said, in a statement, that Prime Minister Mustafa Al-Kazemi chaired, today, the thirty-sixth regular session of the Council of Ministers, in which the overall general situation in the country was discussed, and a number of files and topics on the agenda were discussed, indicating that Al-Kazemi directed all ministers By continuing to work at the same pace, and by overcoming all obstacles that stand in the way of implementing the interests of citizens.

 

In the context of the session, the Council of Ministers discussed a detailed report on the financial situation in Iraq, and the many challenges facing the country and government measures regarding them, according to the statement, which added that the Council hosted the governor of the Central Bank; To discuss a number of files related to combating money laundering operations. In light of this, the Cabinet approved the following:

 

  • Approving the designation of the Federal Financial Supervision Bureau, in coordination with the Non-Governmental Organizations Department in the General Secretariat of the Council of Ministers, as a supervisory authority on the work of non-governmental organizations for the purposes of combating money laundering and terrorist financing, based on the provisions of Articles (1/17), and (7/17). ) of the Anti-Money Laundering and Terrorist Financing Law (39 of 2015).

2- The decision was published in the Official Gazette based on the provisions of Article (1/17) of the Anti-Money Laundering and Terrorist Financing Law (39 of 2015).

 

The Minister of Higher Education and Scientific Research also presented during the session a detailed report on the current state of education, with the start of the new academic year, and its procedures in implementing projects and programs for developing university facilities, maintaining the sobriety of higher education in Iraq, in addition to discussing a number of administrative issues that require solutions. legal to treat it. The Cabinet approved the following:

 

Adoption of the recommendations of the Ministerial Council for Human Development (7 for the year 2022) as follows:

 

1- Approving the minutes of the meeting discussing the issue of overlapping buildings belonging to the ministries (higher education, scientific research, science and technology, construction, housing, municipalities, public works, industry and minerals), and implementing the paragraphs fixed therein by the relevant authorities, provided that this is done in accordance with the provisions mentioned in the expropriation law. 12 of 1981) amended, specifically what was stated in Article (22) of the Law (Administrative Expropriation), and compensation is made according to what was stated in Article (29) of the aforementioned law (compensation in kind).

 

2- Work is done according to what was stated in the minutes of the joint meeting of the legal departments in the ministries (higher education, scientific research, science and technology, construction and housing, municipalities and public works, industry and minerals), held on Thursday, September 29, 2022.

 

The Council of Ministers continued to discuss other topics on the agenda, and issued the following decisions:

 

Or not/ Agree to the following:

 

1- Postponing the collection of customs duties on non-exempt Military Industrialization Authority imports, equal to the bodies indicated in the Cabinet Resolution (23 of 2018) confirmed by Resolution (3 of 2019), for a period of 4 months starting from the date of issuance of this decision.

 

2- The Ministerial Committee for National Security shall prepare a list of the materials to be included in the postponement of customs duties.

 

3- The Ministerial Council for the Economy studied two Cabinet decisions (23 of 2018), confirmed by Resolution (3 of 2019).

 

secondly/

 

1- Adoption of the recommendation of the Ministry of Foreign Affairs regarding the opening of a Qatari general consulate in the Republic of Iraq in the Erbil Governorate, based on the provisions of Articles (25 and 26) of the Foreign Service Law (45 of 2008) and the Vienna Convention on Consular Relations of 1963.

 

  • Iraq reserves its right to open an Iraqi consulate in Qatar in the future, according to the principle of reciprocity. LINK

 

Al-Kazemi’s Advisor: Plasschaert’s Words Are Based On Undecided Diligence

 

October 5, 2022   Baghdad / Obelisk: The economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, commented on Wednesday 10/05/2022 on the statement of the UN Representative, Jenin Plaschaert, regarding the halt in government spending, describing it as words based on diligence.

 

Saleh said in an interview followed by the obelisk, that Plasschaert’s words are based on an unresolved jurisprudence that has been going on between those concerned for a while regarding the possibility of repeating the application of Article 13 of the amended Financial Management Law No. 6 of 2019, which means by disbursing 1/12 of the total actual current spending achieved in the fiscal year and the fear of entering the country in the year 2023.

 

He explained: The lack of a general budget in 2023 on which to base the application of the 1/12 exchange rule, as the question is whether the disbursement will continue with this mechanism out of the total actual current expenditures achieved in the budget-free year 2022.

 

He added: The answer is that the country’s supreme national necessities do not allow the state to stop its ongoing contractual expenditures for 9 million Iraqi citizens including employees, retirees and social welfare, as well as expenditures related to the state’s basic activity in health, education, security, defense, basic services, law enforcement and enforcement.

 

He continued: It is illogical for public expenditures to stop due to vague interpretations, and even if it is necessary that the Federal Court intervene in an interpretation that is aimed at managing the higher national interests and in a manner that guarantees the safety of the country’s national security.

 

The United Nations representative in Iraq, Jenin Plaschaert, confirmed on Tuesday that government spending will stop at the end of the year if the budget is not approved.

 

In her briefing to the UN Security Council on the situation in Iraq, Plasschaert said that partisan interests distance national development in Iraq and that corruption is a major cause of the problem in Iraq, and stressed that government spending will stop at the end of the year if the budget is not approved.

 

مستشار الكاظمي: كلام بلاسخارت مبني على اجتهاد غير محسوم

 

 

The Minister Of Planning Discusses The World Bank’s Support For Human Development Projects

 

Economie| 10:43 – 04/10/2022   Baghdad – Mawazine News  The Minister of Planning, Khaled Battal Al-Najm, discussed with the Regional Director of the World Bank, John Christophe Carré, mechanisms to support human capital in Iraq.

 

A statement by the Ministry of Planning, received by Mawazine News, stated, “The Minister of Planning, Dr. Khaled Batal Al-Najm, received the Regional Director of the World Bank, John Christophe Carré, and his accompanying delegation, which included the Special Representative of the World Bank in Iraq, Richard Abdel Nour, and the Director of Operations, Ms. Lamia Ayoub, and during the meeting, which was attended by the Undersecretary of the Ministry, Dr. Maher Hammad Johan, and the Director General of Cooperation, Dr. Saher Abdel-Kazim, they discussed a number of common issues and files, and mechanisms for enhancing cooperation between the two sides in various fields.

 

He added, “The meeting witnessed a discussion of the projects of the Social Fund for Development linked to the Ministry of Planning, as well as a review of projects related to the Reconstruction and Recovery Fund.

 

The Minister called on the World Bank to expedite procedures and raise the pace of implementation of service projects within the two funds referred to, because of its importance in providing services to citizens.

 

The statement continued, “The two parties also discussed, during the meeting, mechanisms to support human capital in Iraq by benefiting from the World Bank’s support for human development projects, and they also discussed the effects of climate change on food security in Iraq, and the measures taken by the Iraqi government to confront these repercussions.” Ended 29 /p.87

 

https://www.mawazin.net/Details.aspx?jimare=207354

 

Planning Is Discussing With The World Bank A Number Of Files, Including Human Capital Support

 

Baghdad – people    The Minister of Planning, Khaled Battal Al-Najm, discussed, on Tuesday, with the Regional Director of the World Bank, John Christophe Carré, a number of common issues and files, including supporting human capital in Iraq.

 

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And the ministry’s media office said in a statement that “Nass” received a copy of it, (October 4, 2022), that “the Minister of Planning, Khaled Batal Al-Najm, received the Regional Director of the World Bank, John Christophe Carré, and his accompanying delegation, which included the Special Representative of the World Bank in Iraq, Richard Abdel Nour, and Director of Operations Lamia Ayoub.

 

The statement added, “During the meeting, which was attended by Undersecretary Maher Hammad Johan, and Director General of Cooperation, Saher Abdel-Kazim, a number of joint issues and files, and mechanisms for enhancing cooperation between the two sides in various fields were discussed.”

 

He continued, “The meeting witnessed a discussion of the projects of the Social Fund for Development linked to the Ministry of Planning, as well as a review of projects related to the Reconstruction and Recovery Fund.”

 

The minister called, according to the statement, “the World Bank, to expedite procedures and raise the pace of implementation of service projects within the two funds referred to, because of the importance of this in providing services to citizens.”

 

The statement continued, “In addition, during the meeting, the two parties discussed mechanisms to support human capital in Iraq by benefiting from the World Bank’s support for human development projects. They also discussed the effects of climate change on food security in Iraq, and the measures taken by the Iraqi government to confront these repercussions.”

 

The Minister of Planning discusses the World Bank’s support for human development projects Me_ga

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