Home
Iraq's position on maintaining growth and achieving prevention of financial and economic risks
07/7/2018 12:00 am [rtl]Aqeel Jabr Ali al-Muhammadawi Economic policy, with its various branches, whether financial, monetary, commercial or other, is one of the means of the governments of countries towards achieving a set of economic and social goals with a certain effect. Of course, human and natural resources are involved, as well as balance in the external economic sector and financial and economic stability and thus the equitable distribution of individual incomes. When finance ministers and central bankers representing the G-20 members met in October, optimism prevailed over the recovery of the global economy and the opportunity for necessary reforms. When they met again in Buenos Aires the following week, they focused on the policies needed to protect this recovery from the risks of negative developments and promote growth in the next phase. The good news is that the momentum of growth is growing stronger across three quarters of the global economy. Moreover, the expected recovery indicators suggest that they will lead to prudential requirements and impose a slowdown at the end of 2018 and 2019, which means that the medium term outlook will pose challenges to many Especially developed economies. Therefore, developing countries, including Iraq, need to implement policies to prevent the risks of negative developments, strengthen solidity and economic strength, and support medium-term growth that benefits everyone. We have international financial and economic commitments with the Bank and May have international and some international financial institutions on the scheduling of payment of debt obligations. We believe that this is the ideal time to take bold policy measures and make the most of the world's growth period; advanced economies in the current and next years are expected to have growth rates that exceed their medium-term growth potential, which is still below the required level and growth and sustainability are expected to increase. Emerging and developing countries, including Iraq over the medium term, are supported by a limited improvement in the outlook for commodity exporters. Steps are expected, with practical priorities, from the International Monetary Fund and global financial institutions - to stay away from protectionism (devastating because they impose the greatest pressure on the poorest consumers who buy relatively cheap imports). - Addressing the global economic imbalances is not imposed by new trade barriers, but must be addressed by using financial instruments, including reducing the deficit to reach public debt to a sustainable path and the need to strengthen investment in infrastructure and increase spending on education, agriculture and industry to meet the requirements of development. Preventing financial risks globally The debts of sovereign entities, companies and institutions are at an unprecedented high level. In Iraq, however, the public debt has exceeded $ 100 billion, and this could show real danger to the financial situation and may lead to a real financial crisis. The scenario of inflationary growth can be seen as an unexpected boom and the financial situation is suddenly tightened. These changes drive correction in financial markets and this is evident in improving performance and active diligence in dealing with Iraq's financial instruments and policies. There are real concerns about the affordability of public debt and the reversal of capital flows in emerging markets. Countries such as Iraq could seize the opportunity of the current economic growth momentum by adopting safety margins in their public finances, creating a space to manage the expected downtime according to economic situation variables and using their macro and micro prudential policies actively. In emerging economies, flexible exchange rates could help ease The external shocks, either in Iraq is indicative of the non-elasticity of exchange rates and closer to the stability and this is what we have seen in the crisis of low prices for the sale of oil and the exposure of Iraq from strong economic and financial shocks directly affected the reality of the federal budget and the disruption of investment projects Confidentiality and development. Accelerating economic reforms These reforms can be implemented more and more easily whenever economies are healthier, in other words now is a good time to accelerate reforms and must target markets and key labor sectors. Reduce skills gap The reduction of the skills gap is more important today than ever before, because the digital revolution, electronic commerce and the digital economy are beginning to transform workplace and industry. McKinsey's global estimate is that 375 million workers at 14 percent of global employment may be at risk of losing jobs by the year 2030. It seems that we can assert that it will require action at the level of national strategies and policies. Documenting international cooperation and beneficial international agreements Efforts should be intensified and agreements concluded in the form of mutual interests, attract investment, increase the movement and cycle of capital to achieve financial stability and mitigate the expected financial and economic risks, including the risks of increasing public debt and the risks of money laundering and terrorism financing. Therefore, we believe that there are basic requirements for the prevention of financial and economic risks in Iraq as the precise identification of the model and the appropriate Iraqi economic model is very important in accordance with the capabilities and capabilities of Iraq and its geo-economic and geopolitical position, as well as the need to create a department to manage risks and crises, The State, both in the public sector and the private sector to become decisions of the decision-maker more accurate and correct and away from decisions based on non-specialized committees and studied. It is necessary to submit plans and strategies to the oversight and audit of the Office of Financial Supervision and to prove its real institutional reference to achieve effective control and implementation, evaluation and evaluation in a realistic, thoughtful and concrete. We believe that the deterioration of the financial and economic crises in Iraq is beginning to change some of the managers of this file and neutralize it nationally and strengthen it with financial figures ambitious and able, as well as the economic figures expert has the ability and possibility of the practice of professional and scientific not only at the local level, but internationally and knowledge of technology electronically. As the file efficiency management and leadership of the economic and financial file is vital and strategic, which directly affects the structure of the Iraqi economy and rebuild the infrastructure to qualify the national agricultural and industrial sectors. It is necessary to transfer the public debt portfolio to an expert working team, accounting and legal specialist independently of the federal budget and subjecting it intensively to the internal and external audit bodies, and to work on scheduling the public debt and analyzing debt reconstruction with transparency, professionalism and responsibility. It is also important to change the reality of investment vision and culture and accurately diagnose the reality of investment risks in Iraq. It requires planning and hard work specialized to prepare the requirements of the investment environment and work on studying the investment risks and creating real incentives for an investment market that works to attract foreign investments and capital and encourage economic growth that shares its fruits. everybody. * Financial Researcher[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
» Did Barzani agree in Tehran to end the presence of Iranian groups in Kurdistan? - urgent
» Al-Sudani: We are establishing a new situation for the global energy market through the Development
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
» Al-Awadi: Ending the work of the UNAMI mission is consistent with the government’s vision in this fi
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
» utube MM&C 5/11/24 Iraqi Dinar - IQD Update - International - IraqTiming - 2024 Budget Schedule - Sp
» MM&C Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and w
» The Secretary of the Ministry of Defense meets with the Commander of the NATO mission
» Expert: The stability of the economy is linked to the political situation
» A parliamentary request to lift the injustice against 20,000 Iraqi employees
» Parliamentary Finance criticizes the government's failure to send the budget schedules
» Minister of Oil: The 5th and 6th licensing rounds will take place within the framework of exploratio
» Al-Sudani: Iraq is a difficult number in the global market in the field of energy
» Al-Khanjar rejects Al-Halbousi’s request to head Parliament
» Revealing the date of the arrival of the 2024 budget schedules
» Al-Halbousi nominates Talal Al-Zubaie for presidency of the House of Representatives
» "A coup in Iraqi universities"... Replacement of presidents and deans under the new education law
» Al-Sudani: Iraq is a difficult number in the equation of energy and oil wealth in the region and the
» Minister of Oil: We hope to announce an increase in Iraq’s oil reserves to 160 billion barrels
» Iraq's mass graves...stories that did not end with the burial of their owners, and the "legacy of IS
» Pictures: New licenses in Iraq to extract “huge” quantities of oil and gas
» Transport reopens the Baghdad - Samarra railway line
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
» Oil clarifies the mechanism for investing grant funds and licensing contracts
» A $700 million agreement is signed between Iraq and Italy to finance these projects
» Iraq recovers 90 billion dinars from social protection violators
» Sudanese officially launches the two licensing rounds and sets the date for stopping gas burning
» An economic vision for the standard of competition for exploratory plots in Iraq
» The Iraqi Islamic Bank announces an increase in its capital to 300 billion dinars
» A communication from the Ministry of Health to the Ministry of Interior in Kurdistan regarding “herb
» Popular agreement to end the “cancer towers” crisis in the oldest villages of Diyala.. Document
» What is the reason for OPEC's decision to stop publishing its estimates of the volume of global dema
» It includes 29 projects in 12 governorates.. Launching the fifth supplementary licensing round and t
» Among them are 8 Chinese companies...an economic view of the criteria for competition over explorato
» Sudanese: Gas burning will stop within 3-5 years
» With the extension of its legislative term.. Will the Iraqi parliament succeed in resolving the budg
» Al-Sudani's angry message to Guterres: We do not need UNAMI.. Describe your belongings and leave
» As a result of corruption charges... Parliamentary signatures were collected to dismiss the director
» 13 countries are competing for 29 fields, and Anbar and Muthanna have the lion’s share... Details of
» Ending the international coalition’s mission...negotiations may take more time
» Oil reveals a mechanism to support services and establish infrastructure projects in the producing g
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
» The New Generation Movement files a lawsuit to dissolve the regional government: It is unable to mak
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
» Al-Rafidain: Loans for purchasing residential units start from 5 to 150 million
» Iraq launches a new licensing round to develop oil and gas fields
» Signing an agreement between Iraq and Italy to finance industrial projects worth $700 million
» Minister of Oil: Soon we will announce the increase in Iraq’s oil reserves to 160 billion barrels
» The Chinese company ZPEC wins the investment in the East Baghdad field - the northern extensions
» utube 5/9/24 Iraqi Dinar | Ali Alaq Announced New Rate Finally Showing New Rate On Tv Screen | Din
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
» The conflict of the corridors: the path to development from a historical perspective and the door to
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
» A government move to restore the funds of the Trade Bank of Iraq
» The Central Bank informs France of plans to restructure the banking sector
» A government advisor reveals the fate of the budget tables
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
» Economist: The fluctuation of the dollar is “the balance of speculators”
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
» A call to the Sudanese to remove American forces from Iraq
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
» The government is silent...the reality of removing American forces from Iraq
» The radiation protection law in the first session of the next legislative term
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
» The European Union and Iraq agree to increase cooperation between them
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
» Highlights of the Prime Minister's visit to Babylon
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
» It revealed the details of its contract with four companies to complete the census requirements... P
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly