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The Minister of Finance is holding a series of meetings with a number of international financial and monetary institutions
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[rtl]Baghdad / NINA, / - Minister of Finance, Taif Sami, held a series of meetings with a number of international financial and monetary institutions, on the sidelines of the spring meetings of the International Monetary Fund and the World Bank, held in Washington, DC , from 10-16 April.
And the Ministry of Finance said in a statement, “The Minister of Finance, Taif Sami, held a meeting with the Executive Director of the World Bank, Mansour Al-Shamali, in the presence of the Governor of the Central Bank, Ali Al- Alaq, and his accompanying delegation, and with the participation of the Director-General of the Public Debt Department and the Director-General of the Iraqi Fund for External Development," indicating that "The meeting witnessed discussion of the economic and financial visions that the The Iraqi government is working to achieve in accordance with the priorities of sustainable development, projects, water, climate, environment, transportation and social protection, in addition to strengthening the capabilities of the banking sector, applying automation, supporting small projects,advancing the reality of the private sector, and establishing development funds.
And she added, "The Minister of Finance indicated that the Iraqi government will continue its national and economic reform efforts, adopting for this purpose a road map to achieve the goals of sustainable development and the gradual approach to financing development by maximizing revenues for the budget." ,” noting that “the representative of the World Bank expressed the bank’s willingness to contribute to supporting the path of the government’s reform program by providing technical assistance and the participation of experts and consultants to work with Iraq.
And she explained that "the Iraqi delegation met with the representative of the International Monetary Fund, Jihad Azour, and the director of the Fund's Department for the Middle East, Tawkhir, and discussed the most important economic challenges and the measures taken to confront them, In a way that guarantees the protection of the poor and vulnerable classes and provides them with protection, in addition to creating the conditions for holding a partnership program between Iraq and the IMF. Criticism to contribute to strengthening the requirements of comprehensive development and reform of the Iraqi economy.
And he pointed out that "representatives of the fund expressed the provision of all forms of support necessary for the success of the tasks of the government program in terms of capacity-building, training of working personnel and technical contributions in a manner appropriate to the establishment of productive sectors that contribute to raising the rates of gross domestic product.”
And she continued, "The Iraqi delegation met with experts and advisors of the World Bank and discussed the IFMIS project, and discussed the stages taken by the Ministry of Finance regarding the implementation of the IFMIS public financial management modernization project, the methods of financing the project and the contribution of the World Bank to the sustainability of the project in a way that ensures the completion of its work stages and the expansion of its coverage of all units. spending.”
She said, “The Iraqi delegation met with the regional representative of the World Bank, Farid Belhaj, and the team to enhance efforts to support economic development and investment projects. To create an economic balance and correct the course of financial policy in Iraq.
The ministry pointed out that "Balhaj expressed the World Bank's readiness to continue serious and fruitful cooperation with the Iraqi government, in everything related to financing development projects and fundamental reforms to the structure of the Iraqi economy."
The ministry added that "the Iraqi delegation met with the International Finance Corporation (IFC), and they reviewed the strategy of the International Finance Corporation in the Middle East and North Africa region, and the institution's programs that can be adopted in Iraq, as well as discussing a partnership with them to rehabilitate Baghdad International Airport, in addition to seeing how the institution works. With private sector companies and investment support.
And the Minister of Finance stated that "Iraq is on the verge of enacting the federal budget, in which for the first time funds for development and treatment of poverty will be established," noting that "Iraq seeks to benefit from the expertise of the Finance Corporation in supporting these funds, as well as including guarantees in the sovereign budget to stimulate the private sector towards industrial projects. specifically agricultural.
The Minister of Finance discussed with the Deputy Director of the Financial Affairs Department at the International Monetary Fund and a number of experts and advisors in the Fund, the technical assistance provided to the Ministry of Finance, including the unified treasury account, as the meeting touched on a number of issues related to developments in the economic and financial conditions in Iraq, and ways to face challenges and overcome them. Achieving and improving economic stability, in addition to the axes of the general budget, resources, revenues and expenditures, and the needs for technical support and building capacity for the Tax and Customs Authority.
In a meeting with the Deputy and Director of Risk Management and Legal Affairs at the International Investment Guarantee Agency (MIGA), they discussed the practical mechanisms through which the agency's services can be promoted to local and foreign investors in Iraq, due to the role of These services encourage and attract investments as they provide guarantees and insurances that increase the confidence of investors. .
The meeting reviewed the economic reforms that the Iraqi government is working to implement, in order to provide an environment that stimulates business and attracts local and foreign investments, as the government places among its priorities the provision of an investment environment consistent with international standards.
The Minister of Finance participated with ministers and representatives of ministers in the Arab countries in a meeting with the new candidate for the presidency of the World Bank Group, Mr. .
The Minister also met with the Minister of Finance of the Central African Republic, and during the meeting, she expressed Iraq's full support for the negotiating efforts of the Central African Republic and its endeavors to obtain an International Monetary Fund support program to meet its economic challenges , in addition to discussing and addressing the issue of financial arrears due to Iraq.
The most prominent economic and financial challenges were discussed, the latest developments in the global economy were presented, and the financial legislation agenda was discussed, including efforts to combat money laundering, in addition to highlighting a number of issues related to global financial sector reforms. /End 7[/rtl]
And the Ministry of Finance said in a statement, “The Minister of Finance, Taif Sami, held a meeting with the Executive Director of the World Bank, Mansour Al-Shamali, in the presence of the Governor of the Central Bank, Ali Al- Alaq, and his accompanying delegation, and with the participation of the Director-General of the Public Debt Department and the Director-General of the Iraqi Fund for External Development," indicating that "The meeting witnessed discussion of the economic and financial visions that the The Iraqi government is working to achieve in accordance with the priorities of sustainable development, projects, water, climate, environment, transportation and social protection, in addition to strengthening the capabilities of the banking sector, applying automation, supporting small projects,advancing the reality of the private sector, and establishing development funds.
And she added, "The Minister of Finance indicated that the Iraqi government will continue its national and economic reform efforts, adopting for this purpose a road map to achieve the goals of sustainable development and the gradual approach to financing development by maximizing revenues for the budget." ,” noting that “the representative of the World Bank expressed the bank’s willingness to contribute to supporting the path of the government’s reform program by providing technical assistance and the participation of experts and consultants to work with Iraq.
And she explained that "the Iraqi delegation met with the representative of the International Monetary Fund, Jihad Azour, and the director of the Fund's Department for the Middle East, Tawkhir, and discussed the most important economic challenges and the measures taken to confront them, In a way that guarantees the protection of the poor and vulnerable classes and provides them with protection, in addition to creating the conditions for holding a partnership program between Iraq and the IMF. Criticism to contribute to strengthening the requirements of comprehensive development and reform of the Iraqi economy.
And he pointed out that "representatives of the fund expressed the provision of all forms of support necessary for the success of the tasks of the government program in terms of capacity-building, training of working personnel and technical contributions in a manner appropriate to the establishment of productive sectors that contribute to raising the rates of gross domestic product.”
And she continued, "The Iraqi delegation met with experts and advisors of the World Bank and discussed the IFMIS project, and discussed the stages taken by the Ministry of Finance regarding the implementation of the IFMIS public financial management modernization project, the methods of financing the project and the contribution of the World Bank to the sustainability of the project in a way that ensures the completion of its work stages and the expansion of its coverage of all units. spending.”
She said, “The Iraqi delegation met with the regional representative of the World Bank, Farid Belhaj, and the team to enhance efforts to support economic development and investment projects. To create an economic balance and correct the course of financial policy in Iraq.
The ministry pointed out that "Balhaj expressed the World Bank's readiness to continue serious and fruitful cooperation with the Iraqi government, in everything related to financing development projects and fundamental reforms to the structure of the Iraqi economy."
The ministry added that "the Iraqi delegation met with the International Finance Corporation (IFC), and they reviewed the strategy of the International Finance Corporation in the Middle East and North Africa region, and the institution's programs that can be adopted in Iraq, as well as discussing a partnership with them to rehabilitate Baghdad International Airport, in addition to seeing how the institution works. With private sector companies and investment support.
And the Minister of Finance stated that "Iraq is on the verge of enacting the federal budget, in which for the first time funds for development and treatment of poverty will be established," noting that "Iraq seeks to benefit from the expertise of the Finance Corporation in supporting these funds, as well as including guarantees in the sovereign budget to stimulate the private sector towards industrial projects. specifically agricultural.
The Minister of Finance discussed with the Deputy Director of the Financial Affairs Department at the International Monetary Fund and a number of experts and advisors in the Fund, the technical assistance provided to the Ministry of Finance, including the unified treasury account, as the meeting touched on a number of issues related to developments in the economic and financial conditions in Iraq, and ways to face challenges and overcome them. Achieving and improving economic stability, in addition to the axes of the general budget, resources, revenues and expenditures, and the needs for technical support and building capacity for the Tax and Customs Authority.
In a meeting with the Deputy and Director of Risk Management and Legal Affairs at the International Investment Guarantee Agency (MIGA), they discussed the practical mechanisms through which the agency's services can be promoted to local and foreign investors in Iraq, due to the role of These services encourage and attract investments as they provide guarantees and insurances that increase the confidence of investors. .
The meeting reviewed the economic reforms that the Iraqi government is working to implement, in order to provide an environment that stimulates business and attracts local and foreign investments, as the government places among its priorities the provision of an investment environment consistent with international standards.
The Minister of Finance participated with ministers and representatives of ministers in the Arab countries in a meeting with the new candidate for the presidency of the World Bank Group, Mr. .
The Minister also met with the Minister of Finance of the Central African Republic, and during the meeting, she expressed Iraq's full support for the negotiating efforts of the Central African Republic and its endeavors to obtain an International Monetary Fund support program to meet its economic challenges , in addition to discussing and addressing the issue of financial arrears due to Iraq.
The most prominent economic and financial challenges were discussed, the latest developments in the global economy were presented, and the financial legislation agenda was discussed, including efforts to combat money laundering, in addition to highlighting a number of issues related to global financial sector reforms. /End 7[/rtl]
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