From Challenges, Iraqis Create Opportunities
These days, some media outlets and social networking sites have been active saying that Iraq is suffering from a financial crisis and a large deficit in securing salaries for employees, retirees, and social care.
What is strange is that some representatives support this and others deny it, and that the
two representatives are in one committee called the Parliamentary Finance Committee, while the
government, especially the Ministry of Finance, confirmed that salaries Fully insured.
So, it is clear that political tensions, conflicts of interest, and the lack of a sound and accurate economic vision make the people look ambiguously at what some media figures, non-specialized analysts, and some parliamentarians are saying, which confuses the government’s plans to implement its governmental approach, especially with regard to economic, financial, and banking reform.
Based on our closeness to the daily follow-up of the reality and possibilities of our national economy, the Central Bank’s procedures to implement its plan for the year 2025, and the daily and joint cooperation and coordination with the Ministry of Finance,
we can reassure citizens, transparently and with high accuracy, that the indicators and data revealed by the Central Bank, the Ministry of Finance, the Ministry of Planning, the World Bank, and the International Monetary Fund for the year 2024 indicate that The
reform of the Iraqi economy is proceeding according to what was planned in the field of
monetary policy,
financial policy,
investment,
sustainable development,
services, the
shift from the cash economy to the digital economy, and
work is escalating in the field of
activation and
diversification.
Sources of national income and the
revolutionization of economic sectors other than oil.
As business results in 2024 indicated that the inflation rate in Iraq
is the lowest among most Arab, regional and neighboring countries and
does not exceed 3.7%, and that the
Central Bank’s foreign cash and gold reserves are the highest in years, and that the
liquidity in local currency at the Central Bank currently covers to meet the Ministry of Finance’s need for the specified operational allocations.
In the general general budget of the state, the
important thing is the continuation of daily revenues of Iraqi oil at the established export rates. So, the
Iraqi economy is moving from fragility to recovery, and this also confirms that
Iraqis create opportunities from challenges.
Al-Mashhadani: Iraq Enjoys Stability, Is On The Verge Of Economic Prosperity, And Has Returned To Its Influential Role In The Region
Speaker of the Council of Representatives Mahmoud Al-Mashhadani stressed that Iraq enjoys stability and is on the verge of economic prosperity and has returned to its influential role in the region.
Al-Mashhadani said in a televised interview with Al-Iraqiya channel that there are important laws that need to be voted on, most of which are not controversial, including (personal status and general amnesty).
He added that there is a mechanism within the draft amnesty law that includes the exit of innocents only, and the exit process is conditional and subject to a series of procedures. Indicating that the personal status law is only waiting for the subject of the code to proceed with voting on it, and this code is related to the Shiite component.
He pointed out that the Sunni component does not need a code and they have no problem with proceeding with Law No. 188,and explained that there is an agreement to change the retirement law and return it to 63 years.
Al-Mashhadani said that the Popular Mobilization Forces retirement law is one of the important laws and we are waiting for its return from the government, and the disagreement over it is political and related to the retirement age.
He added that no law related to the election law has reached parliament and there are different opinions about amending the election law, including granting 10 percent to independents, and there are other opinions, including making Iraq a single district, and others want the governorate to be a single district, while there are more than one district for governorates with a large population.
He explained that talking about the election law is premature and is still in the presidency
Al-Mashhadani described the approval of the general amnesty law as a fortification of the internal house.
Al-Mashhadani pointed out that coordination between the countries of the region is required regarding Syria to prevent chaos, stressing the need for communication with the new Syrian leadership through the government.
He said that we fear an Islamic spring due to abandoning Gaza and not stopping the killing there, indicating that there is a wound in Gaza that will not heal except by punishing the negligent rulers
He added that the Zionist entity is leading Gaza into a war of extermination.
Economist Describes The Establishment Of The First Rafidain Bank As An Excellent Step
Economic expert, Mustafa Akram Hantoush, described the establishment of the first Rafidain Bank as an “excellent step.”
Yesterday, Monday, the Council of Ministers decided to establish the First Rafidain Bank with a capital of one trillion dinars and a government participation rate of 24%.
Hantoush told Al-Eqtisad News, “Establishing the First Rafidain Bank is an excellent step, especially since it will be a mixed sector company.”
He added that the new bank will help the state enhance its payment and electronic transaction capabilities, in addition to assisting the Trade Bank of Iraq in transfers and credits.
Iraq signs a memorandum of understanding with the British Export Credit Guarantee Corporation.. and these are its objectives
Today, Tuesday, in the British capital, London, a memorandum of understanding was signed between the Sovereign Guarantees Initiative Committee and the British Export Credit Guarantee Corporation, on the sidelines of the Prime Minister’s official visit to the United Kingdom.
The ceremony was held under the patronage of Deputy Prime Minister and Minister of Planning Mohammed Tamim, where the Chairman of the Initiative Committee, Advisor to the Prime Minister Mohammed Sahib Al-Daraji signed on the Iraqi side, while the Director of the Business Group, Adam Harris, signed on behalf of the British Foundation.
The terms of the memorandum include supporting imports of production lines and industrial and agricultural technology for the Iraqi private sector from the United Kingdom.
This memorandum is valid for five years, and comes within the framework of the agreements and memoranda of understanding signed by the Iraqi government with a number of European countries, and aims to raise the efficiency of the Iraqi private sector and achieve integration with the international community.
In another context, the two sides agreed that the British Export Credit Guarantee Corporation would finance a number of vital projects for the Iraqi government, and prepare to increase the financing ceiling for productive government projects.
The signing of the Memorandum of Understanding was preceded by a joint meeting between the Iraqi delegation and the British Foundation, during which mechanisms for joint cooperation between the two sides were discussed, in a way that enhances bilateral relations between the two countries. link
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Mot: …. the Ten Commandments!!!
Mot: .. Yeppers!! — Big Achievement — HUH!!!!
