Samson: Iraq advances five places in the global prosperity index
20th September, 2021
Iraq advances five places in the global prosperity index Follow-up – Iraq has advanced five places in the global prosperity index of the Legatum International Institute, according to a report by the institute published by The National News website.
A report, followed by (Al-Oula News), stated that “Iraq ranked 137th in the prosperity index of the Legatum International Institute, registering an increase from the 142nd rank it occupied in 2010, with other economic indicators also improving.”
The report added, “Iraq climbed To the ranks of various economic indicators over the past decade, as government financial reforms aimed at ensuring stability have yielded positive results, according to the Legatum Prosperity Index for the year 2020.”
He pointed out that “the index shows that Iraq advanced five ranks to 137th out of 167 countries in 2020, up from 142nd in 2010, after it was one of the least prosperous countries.” Especially economic quality, access to markets and infrastructure, as well as social inclusion, although the measure of people’s empowerment fell by one point.”
The Legatum Institute report emphasized, “Prosperity is much more than just wealth. It is achieved when all people have the opportunity and freedom to thrive. Prosperity supports an inclusive society, with a strong commitment to protecting fundamental freedoms and security for every individual.”
According to the UK-based Legatum Research Institute, “Prosperity is driven by an open economy that harnesses ideas and talent to create sustainable pathways out of poverty, and is built by empowered people, who contribute and play their role in creating a society that promotes prosperity.” It will grow by 1.9 percent this year, and expand by 6.3 percent over the next two years, on the back of a recovery in oil prices and higher OPEC + production quotas, and non-oil GDP is expected to recover in 2021, growing by 5.5 percent, according to the report.
The Legatum Prosperity Index, now in its fourteenth year, measures the extent to which countries have succeeded in enhancing the economic and social well-being of their populations in three areas: inclusive societies, open economies, and empowering their populations. Iraq’s score rose in two of these three overarching categories that determine a country’s prosperity performance. In the indicator, Iraq “advances three places in the category of inclusive society, which includes subsections of safety and security, personal freedom, governance, and social capital, and also advances by seven places in the category of open economy, which includes subdivisions of investment environment, conditions of the institution, and access to markets, and economic quality.” He continued: “However, it has fallen one rank in the category of empowering individuals, which includes measures of living conditions, health, education and the natural environment.”Iraq is preparing to attract large foreign investments to the energy sector, in conjunction with the expected rise in revenues after the OPEC + decision to raise production, which will help strengthen its weak financial position, and it is worth noting that Baghdad is a founding member of OPEC and the second largest producer in the group. The World Bank said in its report for the spring of 2021 The Iraq Economic Monitor said, “The recent recovery in oil prices provides an opportunity to move forward with reforms.”
The bank added: “With oil prices rising above $60 per barrel, Iraq can actively participate in the White Paper reforms and use these windfall gains to mitigate potential impacts.” For these reforms.” The World Bank also stated that “the country’s economic prospects depend on the prospects for the global oil market, the implementation of reforms, and the evolution of the Covid-19 pandemic. ”The Covid-19 crisis, along with the decline in oil revenues last year due to the decline in global demand and the reduction in OPEC + production, dealt a severe blow to the rentier economy in the country, like many countries affected by the epidemic, as the Iraqi economy contracted by 10.4 percent in 2020 after its growth by 4.5 percent the previous year, according to the World Bank. And Iraq’s economy is expected to return to pre-pandemic levels of economic growth by 2024, according to the International Monetary Fund.
Iraq has begun taking much-needed steps to ensure economic stability in the future, where the Central Bank of Iraq devalued the currency by about 23 percent against the US dollar in December, a move that the International Monetary Fund expects to help reduce external imbalances and preserve foreign exchange reserves.
The International Monetary Fund stressed that the 2021 draft budget aims to reduce the fiscal deficit through various measures to increase non-oil revenues and contain the unsustainable expansion of pension and government wage bills. LINK
Scott B********* Update
Folks I’ve held onto this since Friday morning and it’s getting out so I have permission to share.
The 11:11 update from Friday:
Source #1 friends:
Over the past week and a half the significant amount of progress on the financial front has been mind blowing. All clean ups and wrap ups will take place over the next 4 to 6 days with certain groups starting the process and giving us the RV GCR kick off if you will.
After that there will be the conversion from USD to USTN and it will usher all gold into play backing up all 184 currencies in 209 countries.
The general public will get their turn around October 7th providing the aforementioned goes as planned and with all of the security that is in place there should be no issues whatsoever.
During this time through October 7th we will expect major changes that would appear as though we are heading for a WWIII scenario. Please do not fall for it. The TV has been instructed to make everything appear catastrophic. This is the script of the movie.
Even though we are warning you in advance right now, there will be so many of you that when all of the chaos comes and False Flags come out of nowhere, you will fall for it and forget about this post. Period!
So with that being said, the EBS will be forced or appear to be forced and come into action from September 26th through October 7th and save the world as we know it.
Only a few know the exact time of this. This is the latest updated information that we have received from our sources. Many of you will read this message and be disappointed and think “the can is being kicked down the road once again or oh my goodness they are at it again with another delay”.
That is the furthest from the truth and reality. If this is your reaction, you need to take a step back from all of this for a moment. You need to understand that things are forever changing and security measures that have been put in place were designed to fulfill the promise of a tremendous and safe future for you, your children, grandchildren and everyone in general.
Yes you were chosen for this journey for a very specific purpose. My advice to you is to stay strong within yourself and more importantly in your faith in our Lord and Savior Jesus Christ.
God bless!Tags: ktfa /