Home
[size=36]Minister of Finance: The international community supports Iraq by implementing the white paper, and we do not need financial support[/size]
Economie| 08:04 - 21/04/2022
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Baghdad - Mawazine News
, Minister of Finance Ali Abdul-Amir Allawi confirmed, on Thursday, Iraq's aspiration for a supportive international role in the implementation of programs, including the White Paper, and while stressing that the country is not in dire need of financial support at the present time, he announced the government's aspiration to expand the tripartite cooperation with Egypt And Jordan for the stage of the common market and other programs.
Allawi said in his speech on the sidelines of the spring meetings of the Bank and the International Monetary Fund in Washington, that "the main purpose of his visit to Washington and participation in meetings with an integrated team from the Ministry of Finance and major banks is to strengthen and deepen our relationship with international agencies."
He added, "The team is in talks with the US Treasury, as there are some important and outstanding issues that are not related to US financial support, because fortunately we do not urgently need financial support now, but we need more technical assistance and moral support for our reform program, which has been completed." Include it in what we call the white paper.”
He added, "I do not expect to conclude any major economic agreements with the United States, because we have the Strategic Framework Agreement and we are satisfied with it and we welcome the continuation of American support for the economic development of Iraq, but the focus now is more on what we can call programs and plans instead of money."
He continued, "What we need, is a revolution in our financial management, in our understanding of the strategic issues, and the economic issues facing the country," adding, "We have missed many opportunities that would have pulled the country out of its poor economic performance and Iraq probably missed the equivalent of 50 years of progress." economic".
He stressed, "We are stuck in inherited problems that must be addressed, almost all of which are related to institutions," noting that benefiting from the country's resources and its strategic location necessitates planning to re-engineer the economy to take us beyond the oil era, as there are major issues and challenges facing us and facing the next government and who will be responsible on the economic team.
On the white paper, Allawi stressed that “the year 2020 represented the most difficult economic period we have gone through, and since 2003 we have gone through a moribund period that enabled us to see the future in which oil prices will collapse and global demand will decline, so the year 2020 was a glimpse of what could happen, and it was a very dangerous moment, And one of the factors that led us to look at the structural issues affecting the Iraqi economy.”
He continued, "The white paper can be reduced to its essence as (a strategic program to reform the governmental public sector), and the reason that led me to believe that the public sector needs reform is that the country is dominated by inherited issues that have imposed on the state certain structures, including an economy controlled by the state, which Despite all the rhetoric over the past 20 years, it has not succeeded in developing the private sector and the transition to a free economy, so we needed to address this problem."
And he indicated, "We need a public sector that will create a favorable environment that revives the private sector," stressing that "there is a whole series of reforms with regard to government procedures, policies, strategies and laws that needed a fundamental change, and we have counted 600 reform points, which must be implemented over five years." Years".
He noted that, “In 2020, as I said, when we experienced near-death experiences, government expenditures would have required $70 worth of oil if we adhered to the sales ratio allowed by OPEC of 2.8 million barrels per day, and the price of a barrel fell much lower and we did Selling a shipment of oil for only $9, so you can imagine the pressure on public finances."
He stressed that "public finance is very important because it is the main component of the economy that supports GDP instead of entering into international loans that put Iraq at the mercy of international agencies, and here we decided to confront the matter and design a program in a specific period of time, to eventually produce a radically different public sector; A new strategic vision for the country.
And he added, "This is part of a series of government proposals. The White Paper was approved as a whole package and became a government policy. Then it received strong parliamentary support from all the major political forces and the various Finance and Economic Committee supported the White Paper, so it became a government policy," explaining that "In 2021, we started the process of actually implementing the recommendations of the White Paper and established a unit attached to the Prime Minister’s Office, and it is now equipped with a full cadre so that this unit has its own representatives in all the main ministries that will supervise the implementation process.”
He added, "What we need to do now is to ensure that the momentum continues and the support of the international community continues, and we need significant technical assistance in the form of specialists who are ready to commit, and we don't want to hand the task over to consultants who come temporarily for a few weeks or months. International Contact Group to provide a support base of technical experts.
On the tripartite relations between Iraq, Egypt and Jordan, Allawi stressed that "the relations focus primarily on the political file, and economic exchange may have a lesser role at the present time, and there is still talk of a common market or an attempt to establish a common market in its initial stages."
The Finance Minister continued,
And he indicated, "We are waiting for the formation of the new government and intend to produce a working paper that will define the pros and cons of this particular type of market, free trade zone or common market, but I think that Iraq must decide at some point what type of larger and broader economic framework should be put in place." Ended 29/h
, Minister of Finance Ali Abdul-Amir Allawi confirmed, on Thursday, Iraq's aspiration for a supportive international role in the implementation of programs, including the White Paper, and while stressing that the country is not in dire need of financial support at the present time, he announced the government's aspiration to expand the tripartite cooperation with Egypt And Jordan for the stage of the common market and other programs.
Allawi said in his speech on the sidelines of the spring meetings of the Bank and the International Monetary Fund in Washington, that "the main purpose of his visit to Washington and participation in meetings with an integrated team from the Ministry of Finance and major banks is to strengthen and deepen our relationship with international agencies."
He added, "The team is in talks with the US Treasury, as there are some important and outstanding issues that are not related to US financial support, because fortunately we do not urgently need financial support now, but we need more technical assistance and moral support for our reform program, which has been completed." Include it in what we call the white paper.”
He added, "I do not expect to conclude any major economic agreements with the United States, because we have the Strategic Framework Agreement and we are satisfied with it and we welcome the continuation of American support for the economic development of Iraq, but the focus now is more on what we can call programs and plans instead of money."
He continued, "What we need, is a revolution in our financial management, in our understanding of the strategic issues, and the economic issues facing the country," adding, "We have missed many opportunities that would have pulled the country out of its poor economic performance and Iraq probably missed the equivalent of 50 years of progress." economic".
He stressed, "We are stuck in inherited problems that must be addressed, almost all of which are related to institutions," noting that benefiting from the country's resources and its strategic location necessitates planning to re-engineer the economy to take us beyond the oil era, as there are major issues and challenges facing us and facing the next government and who will be responsible on the economic team.
On the white paper, Allawi stressed that “the year 2020 represented the most difficult economic period we have gone through, and since 2003 we have gone through a moribund period that enabled us to see the future in which oil prices will collapse and global demand will decline, so the year 2020 was a glimpse of what could happen, and it was a very dangerous moment, And one of the factors that led us to look at the structural issues affecting the Iraqi economy.”
He continued, "The white paper can be reduced to its essence as (a strategic program to reform the governmental public sector), and the reason that led me to believe that the public sector needs reform is that the country is dominated by inherited issues that have imposed on the state certain structures, including an economy controlled by the state, which Despite all the rhetoric over the past 20 years, it has not succeeded in developing the private sector and the transition to a free economy, so we needed to address this problem."
And he indicated, "We need a public sector that will create a favorable environment that revives the private sector," stressing that "there is a whole series of reforms with regard to government procedures, policies, strategies and laws that needed a fundamental change, and we have counted 600 reform points, which must be implemented over five years." Years".
He noted that, “In 2020, as I said, when we experienced near-death experiences, government expenditures would have required $70 worth of oil if we adhered to the sales ratio allowed by OPEC of 2.8 million barrels per day, and the price of a barrel fell much lower and we did Selling a shipment of oil for only $9, so you can imagine the pressure on public finances."
He stressed that "public finance is very important because it is the main component of the economy that supports GDP instead of entering into international loans that put Iraq at the mercy of international agencies, and here we decided to confront the matter and design a program in a specific period of time, to eventually produce a radically different public sector; A new strategic vision for the country.
And he added, "This is part of a series of government proposals. The White Paper was approved as a whole package and became a government policy. Then it received strong parliamentary support from all the major political forces and the various Finance and Economic Committee supported the White Paper, so it became a government policy," explaining that "In 2021, we started the process of actually implementing the recommendations of the White Paper and established a unit attached to the Prime Minister’s Office, and it is now equipped with a full cadre so that this unit has its own representatives in all the main ministries that will supervise the implementation process.”
He added, "What we need to do now is to ensure that the momentum continues and the support of the international community continues, and we need significant technical assistance in the form of specialists who are ready to commit, and we don't want to hand the task over to consultants who come temporarily for a few weeks or months. International Contact Group to provide a support base of technical experts.
On the tripartite relations between Iraq, Egypt and Jordan, Allawi stressed that "the relations focus primarily on the political file, and economic exchange may have a lesser role at the present time, and there is still talk of a common market or an attempt to establish a common market in its initial stages."
The Finance Minister continued,
And he indicated, "We are waiting for the formation of the new government and intend to produce a working paper that will define the pros and cons of this particular type of market, free trade zone or common market, but I think that Iraq must decide at some point what type of larger and broader economic framework should be put in place." Ended 29/h
[You must be registered and logged in to see this link.]
» Oil: government interest in investing in "free" gas in the Akkas and Mansouriya fields
» Al-Fateh: The dollar rose as a result of “hidden” agreements that Al-Kazemi concluded with Washingto
» Al-Bandawi is likely to reach the budget to the Council of Ministers in the next seven days
» Al-Bawi: Al-Halbousi transgressed the interest of the people by obstructing the holding of the "doll
» Economist: All oil revenues reach the Federal Bank before they are sent to Iraq
» Al-Nasr: Reviewing the coordination framework agreement will be a priority for Al-Sudani's visit to
» An expected problem with the salaries of employees.. The state does not own the dinar, and the bet i
» As part of the "battle" being waged by Al-Sudanese... the secrets of an ambush that overthrew a mill
» Victory: One reason behind the dollar's rise... and Iraq is still in the seventh item
» An American monitoring alerts Al-Sudanese: The dollar crisis predicts bankruptcy and protests
» Demonstrations begin in central Baghdad to protest against the rise of the dollar
» Environment is in the process of circulating an international report on climate change to all govern
» The Judicial Council enters the crisis line of market turmoil
» Multiple efforts to end the dollar's domination of the global market.. You know it
» Direction to the Iraqi courts regarding the dollar
» The conclusion of a commercial memorandum between Iraq and Jordan
» "Beware of the Revolution of the Hungry"... Demonstrations in Karbala and Najaf against the rise of
» Zidane directs to take legal measures against those causing damage to the national economy
» National Security overthrows merchants and owners of companies who smuggle currency
» The arrest of a currency smuggler in possession of a large sum in Salah al-Din
» The counterfeit Iraqi dinar.. Organized gangs penetrate the markets and exacerbate the wounds of the
» The most prominent of which is the "tax holiday".. 5 positive outcomes of the Sudanese meeting with
» An expert talks about fears of printing a cash block of more than 80 trillion dinars without cover
» The dollar crisis in Iraq.. daily exacerbation and warnings of its long continuation
» Federation of Chambers of Commerce: We are committed to the official exchange rate, and there is no
» A demonstration in central Baghdad to demand a reduction in the price of the dollar against the dina
» The conclusion of a commercial memorandum between Iraq and Jordan
» Deputy: Forming a specialized committee to control exchange rates and restore them to their previous
» Its employees from Iraq after a dispute over energy projects
» Sudanese issues strict directives to deal with currency smuggling
» The most prominent of what came in the meeting of the Kurdistan Democratic Party with the Change Mov
» Petroleum Products Distribution Company: The fuel card will be applied in all governorates except Ku
» Jenin Blaskhart: The federal government confirmed its commitment to settling outstanding issues with
» Environment discloses the outcomes of its meetings with the World Bank on climate change
» Sudanese advisor: Iraq's economy will not be determined by shop brokers
» The start of the second meeting between the Iraqi delegation and the US federal government regarding
» Deputy: The budget is still in the corridors of the Ministry of Finance and has not been discussed i
» Iraq .. Disclosure of the ratio of government spending to GDP within 10 years
» KTFA Members "News and Views" Thursday 2-2-2023
» Parliamentary services: Traders stopped exchanging dollars exacerbated the crisis even more
» The Chamber of Commerce submits a request to solve the dollar crisis in internal transactions
» THE PRIME MINISTER CHAIRS A MEETING ON THE EXCHANGE RATE: “SOME BANKS DO NOT MAKE THE DESIRED CONTRI
» Al-Sudani issues directives to tackle currency smuggling and arrest smugglers and speculators
» Video: The head of the Karbala Chamber of Industry criticizes the industrial reality in Iraq and rev
» Religious authority and drugs: a prohibition of their trade, money, and abuse...and a mandate to com
» Baghdad and Washington "agree on, among other things" on the status of the dollar in Iraq
» Biden assures Al-Sudani of his welcome to the Iraqi delegation's visit to Washington next weekpropos
» Solutions are exhausted.. A specialist identifies the last option to solve the dollar crisis in Iraq
» Despite Al-Sudani's visit... Parliamentary assurances that there are "problems" with the French Tota
» International report: The solution to the dollar crisis in Iraq is imminent and its signs will appea
» The most prominent of which is the "tax holiday".. 5 positive outcomes of the Sudanese meeting with
» Amidst the apparent 'chaos'.. New directives from Al-Sudani to control the dollar
» French 'Total' withdraws its employees from Iraq in light of disagreements with Baghdad
» America's envoy to the Security Council: We urge the Sudanese to fulfill his obligations to "confine
» The White House: Telephone discussions between Biden and the Sudanese dealt with several files
» Instead of Iranian... Parliamentary oil: Iraq will suffice with domestic gas to operate electric sta
» Iraq's share in the projects impede the agreement with the French oil giant
» Al-Sudani directs banking facilities and indicates reluctance
» The dollar is facing a difficult test.. What is the expected scenario?
» Foreign Ministry: An Iraqi delegation to Washington to discuss basic issues related to financial and
» National Security announces the arrest of company owners on charges of smuggling currency abroad
» Exchange rates of the dollar against the dinar
» What is the rank of Iraq in the Arab economies competitiveness index?
» Associated Press on the dollar crisis and federal restrictions: The Iraqi regime is threatened
» “They have 72 hours.” Al-Sudani asks for clarification about the video “The Lady of Gold”
» After warning her of the “division in Kurdistan.” Talabani meets Blaskhart
» Baghdad and Washington “agree on, among other things” about the status of the dollar in Iraq
» Politics, economy and security are at the heart of bin Farhan's visit to Baghdad
» Deputy: Unknown reasons behind the failure to hold an emergency parliamentary session regarding the
» The Prime Minister, Mr. Muhammad Shia'a Al-Sudani, meets with the former Prime Minister, Mr. Adel Ab
» Iraq ranks 15th in the Arab economies competitiveness index
» Al Janoob Islamic Bank provides good news to merchants and business owners regarding saving the doll
» A huge deficit.. Parliamentary finance reveals the details of the budget
» The Minister of Justice directs to overcome the obstacles facing the work of the Investment Authorit
» Deputy: Everyone is pushing for a population census in Iraq
» Al-Sudani directs to simplify the procedures for dealings with merchants in state departments
» Government directives to deal with currency smuggling
» They renewed their commitment to Iraq's security and stability.. Al-Sudani and Biden discuss regiona
» Dollar exchange rates in the Iraqi market
» Minister of Health: We are determined to develop and improve the health system in Iraq
» The Prime Minister chairs a meeting on the exchange rate: "Some banks do not make the desired contri
» Expert: Fears that the government will resort to printing a monetary block at an amount of 82-87 tri
» Al-Sudanese directs to simplify the procedures for merchants' dealings in the concerned / expanded s
» Pavel Talabani is discussing with the German ambassador ways to overcome the differences between the
» with the video. . The National Security Agency announces the arrest of a group of owners of large co
» A call for major demonstrations tomorrow in Tahrir Square to reduce the exchange rate of the dollar
» The Commander-in-Chief of the Armed Forces issues directives to tackle currency smuggling and arrest
» Sanad ... a meeting in Turkey between the Iraqi delegation and a delegation representing the US Fede
» The dollar crisis will not be resolved soon... a "disappointed" statement from the parliamentary fin
» A good opportunity before prices rise.. Iraq is racing against time to buy wheat immediatelyproposal
» A bank releases good news for merchants: dollars at the official rate and “no commission” transfersp
» Iraq's chambers of commerce and economic elites in the Sudanese office: 10 urgent points to reduce t
» The Ministry of Education denies that "the illiteracy rate in Iraq has reached 47 percent."proposals
» Iraq market: trading of shares worth 5 billion dinars within a week
» Blaskhart calls for expediting the approval of the budget and giving priority to diversifying the ec
» Petroleum products: The fuel card will be applied in all governorates
» Foreign Ministry: The Iraqi delegation will discuss in Washington the rise of the dollar and financi
» Al-Halbousi: Parliament supports the Iraqi government and the bilateral cooperation agreement with S