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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Iraqi Finance is discussing with the World Bank and the Monetary Fund the establishment of developme

    Rocky
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    Iraqi Finance is discussing with the World Bank and the Monetary Fund the establishment of developme Empty Iraqi Finance is discussing with the World Bank and the Monetary Fund the establishment of developme

    Post by Rocky Sat 15 Apr 2023, 7:36 am

    Iraqi Finance is discussing with the World Bank and the Monetary Fund the establishment of development funds and water projects



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    2023-04-15 01:25
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    Shafaq News/ The Iraqi Ministry of Finance announced, on Saturday, that it had discussed with the World Bank and the IMF the establishment of development funds, water and climate projects, and reforming the banking sector in the country.



    The ministry said, in a statement received by Shafaq News agency, that the delegation of the Iraqi Minister of Finance held meetings and discussions on the sidelines of the spring meetings of the International Monetary Fund and the World Bank, held in Washington, DC, from 10-16 April, with a number of international financial and monetary institutions. 
    She added that her minister, Taif Sami, held a meeting with the Executive Director of the World Bank, Mr. Mansour Al-Shamali. Small projects and the advancement of the private sector and the establishment of development funds. 
    And she added that there was also "emphasis on the continuation of bilateral coordination to promote sustainable development in the financial, economic, energy and investment sectors, and to accelerate the pace of reform of the banking sector in line with the Iraqi government's vision aimed at achieving economic balance and correcting the course of financial policy in Iraq."
    During the meeting, Sami affirmed, "The Iraqi government will continue its national and economic reform efforts, adopting for that a road map to achieve the goals of sustainable development and the gradual approach to financing development by maximizing revenues for the budget," noting that "the World Bank has expressed its willingness to contribute to supporting the course of the government program."
    And the Minister of Finance expressed "Iraq's desire to double cooperation with the World Bank, within the framework of strategic partnerships that it holds with various discreet international financial organizations and institutions."
    On the other hand, Sami held other meetings with the representative of the International Monetary Fund, Jihad Azour, and the director of the Fund's Department for the Middle East, Mr. Tokhir.
    The ministry indicated that "the meeting discussed the most prominent economic challenges and government measures taken to address them, in a way that guarantees the protection of the poor and vulnerable classes and provides protection for them, in addition to creating conditions for holding a partnership program between Iraq and the IMF to contribute to strengthening the requirements of comprehensive development and reform of the Iraqi economy." 
    And she emphasized that "the fund's representatives have expressed their willingness to provide all forms of support to accomplish the tasks of the government program in terms of capacity-building, training of working cadres and technical contributions in a manner appropriate to the establishment of productive sectors that contribute to raising the rates of domestic product and achieving balance for the Iraqi economy."
    And she explained that the Minister of Finance confirmed during her meeting with the International Monetary Agency that "Iraq is on the verge of enacting the federal budget, in which for the first time funds for development and a fund for addressing poverty will be established," noting that "Iraq seeks to benefit from the expertise of the Finance Corporation in supporting these funds, as well as including the budget Sovereign guarantees to stimulate the private sector towards industrial and agricultural projects in particular.
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