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Tishwash: Exposing the share of the Kurdistan region in the financial budget

The Parliamentary Bloc of the Patriotic Union of Kurdistan revealed, on Friday, the region’s shareIn the 2021 budget.

Member of the representative bloc, Rizan Sheikh Delir, said in a statement to the official agency, (April 9, 2021), that “the share of the Kurdistan region in the Federal Budget Law for the fiscal year 2021 amounted to about 13.5%,” stressing that “this time the region must adhere to all articles The agreed budget law, not as it was in the past when the region disavowed the agreement, and only the federal government’s share of the region’s oil would be cut off.

She indicated that “now the region must send half of the revenues with the value of 250 thousand barrels per day of crude oil, to send its share,” noting that “if the region does not comply, Baghdad will not send the receivables, and not only this, but even will prevent the region from exporting oil link

Tishwash:   Representative economy: Three reasons behind the failure of foreign investment in Iraq

A member of the Parliamentary Economic Committee, Nada Shaker Jawdat, confirmed, on Friday, that there are three reasons behind the failure of foreign investment in Iraq .

Shaker said in a statement to “the information”, that “investment in all its dimensions is very important to achieve qualitative leaps in all fields by investing the available resources and can create a large infrastructure for services,” indicating that “3 main reasons behind the failure of foreign investment in Iraq, the most prominent of which is the lack of A clear path in light of great corruption and weakness in the performance of the negotiator who achieves the largest possible number of positive points.

Shaker added, “The Chinese agreement was in its general dimension an important factor in achieving a real renaissance in Iraq if it had been embarked on and striving to create competitive opportunities with other countries that would benefit the homeland in all levels.”

She explained that “the investment will lead to absorb a large part of unemployment and thus will weaken crime and drugs and even divorce, because the dimensions of poverty and unemployment are very complex and its repercussions do not stop at a certain extent.”  link


Tishwash:The International Monetary Fund increases its resources by $ 650 billion

Today, the International Monetary Fund authorized an increase in its resources by $ 650 billion so that the International Lending Corporation can provide more support to vulnerable countries to combat the Corona pandemic.

The Director-General of the International Monetary Fund, Kristalina Georgieva, said that the increase in reserves by 650 billion dollars is the largest in the history of the International Monetary Fund.

She added that this step would provide much-needed reserves for poor countries suffering a deep recession due to the epidemic and the need to obtain and manage millions of doses of vaccines.

In the context, US Treasury Secretary Janet Yellen told the concerned IMF committee that the increase in private borrowing rights would provide “a much-needed boost to global reserves.”

She added that it would be important for rich countries, which do not need more resources, to provide this additional support to poor countries   link


Tishwash:  Parliamentarian attacks Iraq’s oil file: expert role killed

Hammam al-Tamimi, a member of the parliamentary oil and energy committee, on Saturday criticized the continuing cases of financial and administrative corruption and delays in the oil ministry, calling for a radical review of the management of the oil file, in what he described iraq’s monetary policy as a “failure.”

“Iraq’s monetary policy is unfortunately a failed policy, and the oil file is managed by people who are unable to change reality for the better and invest in natural resources to maximize the country’s resources,” Tamimi told Shafq News.

“There are many suspicions of corruption in the oil ministry and in many fields and oil reservoirs, and many fields have stopped producing with flimsy excuses,” he said.

“Some political blocs hinder the interrogation of corrupt or incompetent ministers or executives, and every political party adopts, defends and obstructs any procedures for questioning him,” tamimi said.

“Quotas, non-professionalism and the placement of inappropriate people in positions not concerned with the oil ministry have made the real duty of this ministry to be killed and the role of experts and specialists in the management of the country’s oil file has been killed,” he said.

“The rounds of licenses and contracts with foreign companies and the legal and financial obligations they contain are difficult to change without in-depth negotiations and dialogues that require the approval of both parties and we cannot commit the other party to something outside the framework of contracts, some of which we believe contain sovereign guarantees,” tamimi said.

“It is important to radically reconsider the management of the oil file, from figures who are addressing senior positions in the ministry to plans and programs in this area,” he said. link

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