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Baghdad: Shaima Rashid
The Ministry of Planning and economic experts underestimated the importance of a report issued by the World Food Program that ranked Iraq among the hungriest countries in the world, and indicated that the aforementioned report was “unrealistic.”
Economic expert Hazem Hadi said: "The Central Bank was able to achieve very large reserves and provide loans to citizens, whether in the field of housing, employment or small and even large projects, and these will certainly contribute to raising the income of citizens and the total income of Iraq."
He added that "some people take a bad position from Iraq, but things are on the way to improvement and a large surplus in the process of selling oil," noting that "the issue of high oil prices is subject to an economic and political theory. To take into account the exchange rates of the local currency, thus changing the exchange rate contributed significantly to the formation of the reserve at the Central Bank and will contribute significantly to reducing imports from abroad, especially since these neighboring countries of Iraq, from which it imports goods and services, have deliberately changed the exchange rate of their currency and this It will contribute to the goods being cheap.” And he indicated that “the surplus could contribute to achieving development, operating factories and reducing unemployment, which bodes well for achieving a kind of well-off life for future generations.”
For its part, the Iraqi Ministry of Planning commented on the UN report, saying: “Iraq has not faced a food crisis that could pose a threat of hunger to vulnerable groups in society, even during the height of the spread of the Corona pandemic, in which many countries experienced food crises, due to government measures that It contributed to the provision of foodstuffs, whether locally produced or imported, as well as social solidarity.”
She added, "The government has taken a number of measures, including supporting the social protection network, securing ration card materials, and distributing emergency financial grants among those affected by the pandemic, with the aim of helping them face emergency conditions."
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