In TNT 

Tishwash: Adopting economic policies to promote multi-billion-year financial revenues

The president of the International Federation of Businessmen in Iraq, Dr. Hamid Al-Assari, stressed in an interview with Al-Sabah «the need to adopt economic policies that will promote national production and help to invest national wealth in a way that achieves development and guarantees the rights of future generations.

“The stage in which the country is experiencing requires seriousness in meeting the challenges through a number of measures, including reducing government spending, and adopting a policy of austerity that creates a balance between revenues, accompanied by reduced imports or reducing unjustified spending in these critical economic conditions,” he said.

Undermining corruption

“There must be announced plans that undermine corruption and move towards creating an ideal environment for investment commensurate with the amount of work required in Iraq, and reconsidering the decision to reduce the exchange rate of the Iraqi dinar,” he said, noting that “reducing government spending and not continuing unjustified spending is an important factor in the treatment.”

“Oil prices have reached more than 60 dollars a barrel, while in the 2021 budget they were estimated to be less than 45 dollars a barrel, as well as revenues from border crossings, customs and other taxes, telecommunications revenues and oil exports from the Kurdistan region, all of which together help to maximize revenues,” he said.

Growing recession

“Borrowing, whether from the private sector or the central bank, is unacceptable,” said Dr. Akram Abdel Aziz, a member of the Iraqi Economists Association.

Activating production

She warned that “the economic policies adopted must be suitable for the reality of the national economy and promote production, albeit in a relative and gradual way to the proportions of harmony and ambition, as the country has the ingredients to activate production and feed the markets Local.”



IMF Wants Your Credit Score To Be Determined By Internet Search Activity, & Tech To Takeover Banking

Silver Report Uncut:  Feb 10, 2021

People have thought this stuff was crazy but it’s happening and before long your credit score will be decided by some of these new mutant Fintech firms the IMF is explaining is in our future.

From their blog “Fintech resolves the dilemma by tapping various nonfinancial data: the type of browser and hardware used to access the internet, the history of online searches and purchases.

Recent research documents that, once powered by artificial intelligence and machine learning, these alternative data sources are often superior than traditional credit assessment methods, and can advance financial inclusion, by, for example, enabling more credit to informal workers and households and firms in rural areas.”