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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Utilizing oil revenues to establish sovereign funds

    Rocky
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    • Post n°1

    Utilizing oil revenues to establish sovereign funds Empty Utilizing oil revenues to establish sovereign funds

    Post by Rocky Sun 06 Feb 2022, 2:48 pm

    Utilizing oil revenues to establish sovereign funds
    Sunday 06 February 2022

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     Baghdad: Imad of the emirate
    To ensure the rights of the people and future generations, voices are calling for a serious approach to defining the paths of the surplus oil towards achieving prosperity for all segments of society, by employing the surplus oil revenues in paths that work to achieve sustainable development. Financial shocks to the global economy.
    Oil prices rose by 2 percent; While the price of Brent crude exceeded the mark of $93 a barrel; For the first time, since October 6, 2014.
    Member of the Businessmen Union, Yassin Al-Quraishi, stressed that “the rise in global crude oil prices represents an opportunity that must be invested in the right way, and here it is necessary to benefit from global experiences in this field, and to establish sovereign funds that work on developing the national economy and guaranteeing the rights of future generations, and at the same time expanding These funds contribute to a broader service to [You must be registered and logged in to see this link.] the economy.” He pointed out that «Iraq is required to work on the establishment of sovereign funds that have a direct and positive impact on the national economy, meet the needs of the growing Iraqi society and address all the problems facing the country».  
     
    financial returns
    Academic Dr. Abdul Karim Al-Issawi said
    To “Al-Sabah Al-Eqtisadiah”: “The fluctuations in oil prices and the impact of financial returns prompted the idea of establishing sovereign wealth funds dedicated to ensuring the stability of returns and protecting the interests of future generations in order to avoid the cycle of boom and bust, which is one of the confirmed repercussions of fluctuating oil prices.”
     
    generational rights 
    He added that "Iraq's acquisition of an abundance of foreign assets (hard currency) through the oil resource, it must be exploited in a way that guarantees the rights of future generations, and we see that this be done by establishing a sovereign fund in Iraq, and of course, the process of establishing a sovereign fund in the country stands behind a group of The rentier justifications for the Iraqi economy.
     
    oil prices
    Al-Issawi added, “One of the important justifications that makes it necessary to establish the sovereign fund is the fluctuations in oil prices in global markets, as the crude oil commodity is at the forefront of economic commodities that are subject to price fluctuations, at a time when Iraq has huge reserves estimated by experts at more than 250 billion barrels. In the event of the completion of oil explorations, and here we can imagine the importance of the country in global energy security with its reserves in exchange for the inability of other sources of energy to meet the actual need for crude oil.”
     
    Infrastructure
    It is noteworthy that the financial advisor to the Prime Minister, Mazhar Muhammad Salih, had focused on the submerged sovereign fund and economic development guarantees, which represent a means by which governments and institutions can put money and accumulate it over time to address economic problems, noting that “in consultation with the International Monetary Fund, the possibility of Iraq establishing A submerged sovereign fund that deals with financing by supplementary borrowing from the international market through executive coherence with the global contracting market to advance the fixed capital formation ratio in relation to the gross domestic product. In turn, the academic at Al-Nahrain University


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