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


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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


    87 billion dollars in reserves lie in the central bank, waiting for a government to pass the budget

    Rocky
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    • Post n°1

    87 billion dollars in reserves lie in the central bank, waiting for a government to pass the budget Empty 87 billion dollars in reserves lie in the central bank, waiting for a government to pass the budget

    Post by Rocky Sat 15 Oct 2022, 7:01 am

    [size=38]87 billion dollars in reserves lie in the central bank, waiting for a government to pass the budget[/size]


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    October 15, 2022[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: Iraq took a first step towards getting out of the political crisis, with the election of a new president of the republic, a 78-year-old engineer, and the appointment of a new prime minister from the traditional political class. But many challenges still lie ahead for the country.
    After a year of serious obstruction in the political process, there is hope for an end to the cycle of political violence, but the lack of participation of the Sadrist movement makes confusion master the situation.
    Share quotas? –
    The Iraqi parliament, which is dominated by the Shiite framework forces, succeeded Thursday in electing a new president of the republic, former minister Abdul Latif Rashid.
    Rashid quickly appointed a new prime minister, Muhammad Shiaa al-Sudani, in a move that put an end to a year-long institutional paralysis, with the failure of major political forces to agree since the legislative elections in October 2021.
    However, the task of forming a government in a multi-sectarian and multi-ethnic country in which political life is based on endless negotiations between the dominant forces on the scene, seems difficult, and differences may return to the fore again.
    In all previous governmental eras, political forces compete for ministerial portfolios, senior jobs, and government institutions.
    It is not known whether Al-Sudani will be able to bypass the quotas through which political parties share the country's wealth.
    Thanks to oil revenues, Iraq has achieved 87 billion dollars in cash reserves, but it is located in the central bank, waiting for a new government and the adoption of a budget that allows benefiting from those funds, especially in large infrastructure projects that Iraq needs after decades of conflicts.
    In a speech Thursday night, Al-Sudani pledged to adopt “economic reforms aimed at revitalizing the industrial and agricultural sectors,” adding that he would also “provide job and housing opportunities” for young people.
    He expressed his "full readiness to cooperate with all political forces and societal components, whether represented in the Parliament or in the national space," adding, "We will not allow exclusion and marginalization in our policies, as disagreements cracked state institutions and missed many opportunities for Iraqis in development, construction and reconstruction."
    Does Al-Sadr resort to the game of “systematic instability?”
    Another challenge facing the new government: the position of Muqtada al-Sadr, the leader of one of the largest political currents in Iraq.
    In June, al-Sadr withdrew his 73 deputies from parliament, which is now dominated by the coordination framework with 138 deputies out of 329. The framework includes, in particular, the State of Law bloc led by former Prime Minister Nuri al-Maliki, as well as the Fatah bloc representing the Popular Mobilization.
    The country's political tension reached its peak on August 29.
    In Iraq, which has a population of 42 million and is rich in oil, four out of ten young people are unemployed, and a third of the population is languishing in poverty, according to the United Nations. Perhaps it is the biggest task facing any prime minister in Iraq.
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