Yesterday, 15:49
Baghdad- Nassar Al-Hajj, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, defined today, Saturday, the vision of the government's program regarding the economic model, and while he indicated that it will direct investment decisions to achieve their goals, stressing that the government of Prime Minister Muhammad Shia Al-Sudani has established a road map for the work of the economic model in Iraq.
Saleh told the NEWS: "The economic model is a mathematical model used to represent the economy and analyze the behavior of various economic factors, as these models are used to understand how economic elements interact," indicating that """at the level of the philosophy of the Iraqi government curriculum, the basics of modeling the Iraqi economy were launched from an important vision based on the principle of analyzing the entire economy, taking into account the overall variables, most notably the basics of development and growth in the gross domestic product and imposing stability and effective operation of the joints of the national economy and the level of its interconnections."""
He added that """"the current digital life helps to use computing to conduct simulation experiments to understand the potential effects of various economic policies and adopt optimal paths from them,""" stressing that "Iraq has established in its government curriculum a practical foundation and a roadmap for the work of the economic model for Iraq through the development path strategy, since the beginning of the government of Prime Minister Mohammed Shia al-Sudani."
He pointed out that "the state of economic imbalance and its severe unilateralism has always required thinking about the future of the economy through an approach based on generating an alternative sector that leads the national economy," explaining that "the development path program is an academic viewpoint, and what the German economic thinker Albert Hirschmann presented in his famous book (Economic Development Strategy) published in 1958, in combating the state of imbalance and economic unilateralism with a theory based on economic development weight, and a leader for the economy that provides a high degree of backward and forward sectoral interconnections and high interactivity that achieves sustainable growth and restores balance in the long term for the national economy."
He pointed out that "this theory emphasizes in its model the need to invest in strategic sectors with a specific high priority instead of investing in all sectors at once," adding that "according to this theory, other sectors will develop automatically over time, and from this standpoint the idea of the economic model for the future of Iraq in prosperity and diversity was born, which is undoubtedly based on a strategy for the overall economy based on the development path."
Saleh noted that “this development strategy and the economic model that drives the macroeconomic variables, did not separate from it the vision of partnership between the state and the private sector and the principles of the social market within the data of the five-year national development plan and its objectives that were recently launched,” concluding his speech by saying that “the economic model or model for Iraq that we aspire to establish will provide the predictive foundations for evaluating economic policies and directing investment decisions to achieve their specific objectives in an optimal manner.”
---------------------------------------------------------------------------------
I am not sure if anyone has dug deep into this, yet or not. Be sure, it should be. Why do I say that? Well, for starters the in basic terms the deletion of the zeros project per Al-Alaq still exists and recent data supports that to be the case. There has been no denial from him yet.
Al-Sudani has since he has been in office put together a road map for a model for Iraq's future. His Financial Advisor Saleh gets technical on the matter. He states, " "the state of economic imbalance and its severe unilateralism has always required thinking about the future of the economy through an approach based on generating an alternative sector that leads the national economy,"
I suspect that alternative sector the speak of out side of oil is in a broad sense includes many non - oil revenue streams of which we have seen them implement over Al-Suhani's leadership to date.
The government has a government plan to create partnerships with the public and private sectors. Many of which we all should recall and know about. Many countries and international businesses are involved already and have been under his leadership and will continue into the future.
So take a step back and start thinking on what we all may know from our study. We have a lot of data and experience in this now. Saleh is not anyone to be discounted when he speaks. Here today he gets technical and to the point, at least for the those at his level, not the many.
Here he speaks of the digital life (AI ?) for computing in conducting simulation experiments for understanding potential effects of various economic policies so to adopt optimal paths to take. What the government has established in her curriculum is based of the practicality of the ""digital life"" for computing that they used. It looks as though it got started in earnest since Al-Sudani took office.
The bottom line is they used models to ascertain what paths to take by using advanced technologies. imo. They already started the computing effectively by or at least when Al-Sudani brought back Al-Alaq to the helm at the CBI. Keep that all in mind.. Then think what strategic project(s) are the key for it all. Is there not expectation of a major announcement mentioned by Saleh to come? Is there not be a celebration soon with respect to the the Central Bank or Iraq? I do believe so. They are going to invest in the top priorities first.. The pressure is massive right now.. imo ~ MM | | | |
Home
» utube 9/17/24 Iraq Dinar Update --Sudani Sadr-Development-Pro
» Oil and Gas Parliamentary: There is a major failure in the work of the Internal Control Department a
» Parliamentary Legal: All objections to the Civil Status Law will be taken into consideration
» Worth $2.7 billion.. Iraq contracts with a Korean company to supply it with a surface-to-air missile
» Revealing a parliamentary movement within the House of Representatives to decide the position of the
» Al-Alawi: The continued influx of foreign workers in an unplanned manner
» Parliamentary Legal: Concerns over Personal Status Law are Misunderstood
» ILO identifies “enormous” economic challenges in Iraq, proposes solutions to address unemployment
» Iraq imports electricity at a cost of up to $300 million annually
» Communications: The Internet will witness a significant improvement in Iraq soon
» Has Iraq overcome the problem of paying Iranian gas money?
» The Civil Service Council responds to a parliamentarian regarding the availability of job grades for
» India expresses its readiness to work in Iraq in these areas
» Al-Sudani: There is no alternative but to have capable Iraqi banks that adopt all financial standard
» The Department of Economic Relations at the Ministry of Commerce discusses with an economic delegati
» Iraq and Romania discuss the development road project and the possibility of Romanian sectors partic
» Chairman of the Investment Authority: More than 100 opportunities are ready for contracting at the "
» Opening of the workshop on public-private sector participation within the project to enhance economi
» Rafidain Bank: Activating the comprehensive banking system in 42 of its branches spread across Baghd
» Parliamentary objection to the mechanism for selecting the names of those accepted for appointments
» The cost of importing electricity in Iraq is less than its construction.. A specialist details the m
» The banking sector in Iraq.. many failures and a real need to develop it
» Will taxing social media help solve the impending financial crisis?
» US Ambassador: Iraq is capable of creating an economic model to be emulated
» The housing crisis in Iraq is escalating.. The shortage of housing units threatens the future of mil
» Collecting 160 parliamentary signatures to refer these people to retirement
» New development in the parliament presidency crisis.. Learn the details
» Pardon under suspicion: Will the general amnesty law become a haven for the corrupt?
» Artawi Project: New energy ignites Iraq’s economy and extinguishes the fires of waste!
» Launching the National Environment Strategy: A Step Towards Sustainable Development and Protection o
» Saudi Arabia opens consulate in Basra, trade office in Erbil
» What is the truth about the inability of the Ministry of Finance to pay salaries?
» Details of the new draft income tax law
» $290 million loan from Austria to Iraq
» Economic reform and fighting corruption.. A glimpse into two years of Al-Sudani’s government
» Regarding maximizing revenues and quality of services.. Parliamentary Finance hosts Minister of Comm
» Artificial Intelligence Index.. Iraq ranks 77th out of 83 countries
» Monthly salaries of up to 800 thousand dinars for this category
» In the past 20 days, Iraq lost enough money to build a new power station or a luxury residential com
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
» Al-Sudani directs the preparation of a draft resolution obligating ministries to provide facilities
» Germany: Iraq is making progress towards economic stability
» Al-Sudani: There is no alternative but to have capable Iraqi banks that adopt all financial standard
» Iraq enters into space war confrontations.. Cyber attacks raid Tel Aviv and news indicates that th
» Contrary to expectations.. Al-Sudani's advisor: Non-oil revenues grew at record levels in 2024
» Central Bank of Iraq sells more than $250 million in auction today
» The Supreme Committee for Tax Reform reveals details of the draft of the new income tax law
» A Kurdish delegation will visit Baghdad early next week
» The Commission sets a date for approving the candidates for the Kurdistan elections
» Prime Minister receives Chairman of the Private Banks Association and a number of bank managers
» Parliamentary Investment Committee proposes solutions to cover Iraq's expenses.. What about border c
» Iraq signs $290 million loan agreement with Austrian bank
» The Council of Ministers is studying a decision obligating ministries to provide facilities to suppo
» Iraq of Four Million Employees: Will the Oasis of Jobs Last in the Desert of Opportunities?
» A parliamentarian talks about an Iraqi port in the Red Sea.. These are the details
» The housing crisis is deepening and housing unit prices are astronomical
» Najaf discusses with a specialized German company the establishment of a waste recycling plant
» Second reading increases the yield of calls rejecting the release of terrorists by general amnesty
» Prime Minister: The Central Bank has contracted with Oliver Wyman to develop the banking and financi
» Parliamentary Water Committee identifies the reasons for the continued drought and low water levels
» Al-Fatlawi: There are some parties trying to overthrow Al-Sudani's government
» Parliamentary Investment Committee calls on the government to intervene regarding the insane increas
» Iraq tightens preventive measures on imported goods, especially electronic devices
» Meetings attended by Al-Ameri.. Kurdish blocs unite to cancel Baath decisions regarding agricultural
» Oxford Economics expects Gulf economies to grow by 4.4% in 2025
» With Apple’s participation, the media and communications sector sets a roadmap to build a long-term
» Cabinet Secretariat: Stopping the sale of government properties to its employees is inaccurate
» The Ministerial Council directs the inspection of electronic devices before importing them to avoid
» The Prime Minister directs the preparation of guidelines to ensure fair competition in the banking s
» The Minister of Electricity directs the announcement and referral of the installation of solar energ
» Gulf central banks move interest rates after Fed decision
» Labor: Including allocations for increasing the salary of the full-time appointee in its budget for
» Non-oil revenues top agenda of parliamentary finance visit to Erbil next week
» Housing shortage threatens the stability of millions of Iraqis!
» The Department of Political Dismissals Affairs issues (3519) new decisions for politically dismissed
» Minister of Industry confirms the ministry's commitment to supporting and encouraging the private in
» Finance: Issuing controls to facilitate the implementation of the Owners Law
» Iranian oil official: Iraq owes Tehran no debts, and tripartite negotiations between Iran, Russia, a
» Proposal for employing graduates
» Al-Hasnawi to “Sabah”: Opening of 379 health projects
» The Ministerial Council directs to audit imports of electronic devices
» Launch of the National Climate Change Camp
» Facilitating the implementation of projects on the lands of military institutions
» Urgent measures to address the airlines file
» Warnings against relying on the “rentier economy”: Use effective systems and digital infrastructure
» "Courtesy" manipulates salaries of Kurdistan employees and Baghdad demands a binding political decis
» Opening of the 17th session of the “DBX” exhibition in Sulaymaniyah with the participation of more t
» Iraqi banks dealing with America attract deposits
» Iranians Stole Trump Campaign Material, Offered It to Democrats
» TikTok launches campaign to raise awareness of digital safety tools in Iraq
» Al-Sadr cancels the expected million-man demonstrations in Baghdad: “They are no longer useful”
» "Fares Issa" receives the Ambassador of the Republic of Poland in Baghdad
» Kurdistan Regional Government Representation Holds Training Workshop in Erbil
» The Prime Minister's Office receives the draft income tax law prepared by the German GIZ organizatio
» Finance reassures citizens: We are committed to paying salaries on time
» Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired
» White oil rose 270% and kerosene 47%.. What is the secret behind the increase in fuel consumption in
» Ministry of Finance talks about the fate of employees' salaries and the reasons for the delay