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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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Established in 2006 as a Community of Reality

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«Economy News» publishes the second part of the white reform paper

rocky
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«Economy News» publishes the second part of the white reform paper Empty «Economy News» publishes the second part of the white reform paper

Post by rocky Wed 17 Feb 2021, 8:02 am

 «Economy News» publishes the second part of the white reform paper

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Economy News _ Baghdad
Al-Eqtisad News publishes the second part of the White Reform Paper, which was approved by the Council of Ministers in its session held on 10/13/2020, and in accordance with its Resolution No. (148) for the year 2020, the second part of which includes a group of projects, which amounted to 64 projects.
To view the second part of the paper click here:   [You must be registered and logged in to see this link.]

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rocky
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«Economy News» publishes the second part of the white reform paper Empty Highlight the items of the second part of the white paper

Post by rocky Wed 17 Feb 2021, 8:03 am

Highlight the items of the second part of the white paper

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Economy News - Baghdad
The government warned of the "dangers" of not adhering to the reform plans contained in the "white paper", indicating that the paper  works to  provide the appropriate conditions for the country's economic recovery and growth.
The paper is divided into two parts, the first in "Governance of the reform program, including the structures and processes responsible for overseeing, follow-up and evaluation of the implementation of the plan, and linking the program with the executive apparatus of the state to ensure the availability of the necessary powers."
As for the second section, it "included transferring the components of the white paper to the reform program, which includes a group of projects, numbering 64, each of which includes a set of objectives that lead the process of their implementation in an integrated manner to the completion of each project, and the projects are integrated with each other to complete the reform program as a whole." .
The white paper enjoys the full support of the international community, which was embodied in the establishment of a special committee for support called "The Economic Contact Group for Iraq IECG ", whose mission is to provide support for the economic reform process in Iraq within the framework of the white paper.
This group includes the seven industrialized countries, the G7, the World Bank and the International Monetary Fund, in addition to the European Union.
This group was established following the Prime Minister’s visit to Britain, and one of the primary tasks of this group is to coordinate the appointment of international specialists and advisors to assist the Iraqi government in the basic areas of reform, and whenever there is a need for technical and administrative assistance.
According to the paper, international support provides important opportunities to benefit from advanced international experiences in various areas of implementing the reform plan, as well as providing the appropriate conditions to facilitate support for international institutions to deal with the various complications that may accompany the implementation process.
The paper recommends "the existence of representation of the Economic Contact Group for Iraq and the World Bank in the Supreme Committee for Reform by representatives who do not have the right to vote, and in a manner that closely coordinates the continuation of international support for the plan."
The paper also recommended the formation of a high-level committee of economists and statesmen, to provide advice to the implementation team on the strategy that affects the trends of the Iraqi economy.
The paper stated that the committee may meet quarterly, or when needed, to evaluate the pathways for implementing the reform plan, and to suggest remedies and adjustments that the plan may require. The number of members of the committee does not exceed 10 persons from different countries and experiences of different proven success. "
Over 4 years, the paper aims to complete 64 projects and reduce the budget deficit to 3% from 20%, in addition to liquidating the losing government companies and reducing financial support for public companies by 30%.
It also aims to reduce the salary bill from 25% to 12.5%, review the employee's salary scale, as well as end reliance on imported gas, invest associated gas instead of burning it, and implement gas licensing mobile contracts.
The paper seeks to reform the collection of electricity wages by re-activating the privatization of taxation companies, and their inclusion in uncovered areas, in addition to other objectives.
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