Al-Sudani Confirms Iraq's Aspiration For More Cooperation With The Arab Monetary Fund

Political | 12:17 - 01/23/2025   Mawazine News – Baghdad   Prime Minister Mohammed Shia Al-Sudani received today, Thursday, the Chairman of the Arab Monetary Fund, Mr. Fahd bin Mohammed Al-Turki.

In a statement received by Mawazine News, the media office stated that at the beginning of the meeting, His Excellency congratulated Mr. Al-Turki on assuming the position of Chairman of the Fund, wishing him success in his duties.

His Excellency affirmed the government's support for the tasks of the Arab Monetary Fund, of which Iraq is one of the founders and the second largest contributor, after the Kingdom of Saudi Arabia.

Mr. Al-Sudani pointed out Iraq's aspiration for more cooperation with the Fund, and for the effects of its work to be reflected on the Iraqi scene, through its contribution to financing the reconstruction and development campaign that the government has embarked on, especially in the field of infrastructure, as well as the desire for the Fund to work on expanding the contribution of Iraqi cadres in its work, and building bridges with Iraqi financial institutions.

His Excellency also stressed the importance of the Fund contributing to strengthening Arab ties, by organizing financial, monetary and trade relations, in a way that enhances common interests between them.

For his part, the Chairman of the Board of the Arab Monetary Fund expressed his thanks and appreciation for the warm reception, stressing the Fund’s keenness to support Iraq and participate in its development programs, in a way that contributes to enhancing constructive cooperation in the field of financial and financing sectors.   https://www.mawazin.net/Details.aspx?jimare=258918

Allawi: Iraq Is A Stable, Safe And Attractive Environment For Investment

Local | 05:14 - 01/23/2025   Mawazine News – Baghdad   Prime Minister's Advisor Hussein Allawi confirmed on Thursday that the UK's decision to downgrade Iraq's security rating confirms the country's path as a stable, safe and attractive environment for investment.

Allawi said: "The successful visit of Prime Minister Mohammed Shia al-Sudani to the UK reflected the progress of Iraqi-British relations on the economic, security, political, educational and cultural levels."

He added that "the UK's decision to downgrade the security rating classified Iraq as a stable, safe and attractive environment for investment and tourism, considering Baghdad as the Arab Tourism Capital for 2025, as well as the Capital of Sports and Youth for 2025, as well as its proximity to hosting the Arab Summit for 2025," adding that "Iraq needs to be treated fairly in terms of ratings, and this is what the Prime Minister succeeded in doing after the great progress in the economic, social and security climate."

He continued, "This rating indicates that the country is on a new path after two years of the government's success in working to move the country to an advanced stage that countries have now begun to respond to, especially the major countries, including the United Kingdom, by reconsidering the ratings they provide to their citizens towards Iraq."

The Prime Minister's Advisor explained that "this is the natural path of the stable state that has faced terrorism, defeated it, built stability and is building towards long-term stability for economic and social prosperity for a better life for Iraqis."

The Ministry of Foreign Affairs welcomed the UK's decision to downgrade Iraq's security level classification last Tuesday.

The ministry said in a statement received by Mawazine News that "the Ministry of Foreign Affairs welcomes the UK's decision to reclassify Iraq's security level, and considers this step an important achievement that reflects the significant improvement in the security situation and the Iraqi government's ongoing efforts to achieve stability and enhance a safe and encouraging environment for investment and work.

" It added that "reducing the security classification will open the way for British companies to enter the Iraqi market, and the decision will contribute to reducing the costs of travel and work insurance, which enhances opportunities for economic and investment cooperation between Iraq and the United Kingdom."

 It continued, "In this context, the ministry calls on other Western countries, including the United States of America, Canada, and the European Union countries (Germany, France, Belgium, Italy, Austria, and the Netherlands), to reconsider their security classifications for Iraq, and the ministry encourages these countries to take similar steps that support Iraq's efforts to enhance economic cooperation."

The ministry confirmed that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein will work to send official messages to the concerned countries, urging them to review their security classifications of Iraq in line with the positive developments and the noticeable improvement in the security situation."

The ministry renewed - according to the statement - "its commitment to working with its international partners to strengthen bilateral relations and provide an appropriate environment to expand cooperation in various fields, in a way that serves common interests and enhances stability and development in Iraq and the region."   https://www.mawazin.net/Details.aspx?jimare=258927

President Of The World Economic Forum: Iraq Is One Of The Important Countries In The Middle East And The World

Local | 05:44 - 01/23/2025   Mawazine News – Baghdad  Today, Thursday, the President of the World Economic Forum, Klaus Schwab, considered Iraq one of the important countries in the Middle East and the world.

A statement by the Iraqi Presidency received by (Mawazine News) stated that "President Abdul Latif Rashid met today, Thursday, with the President of the World Economic Forum, Klaus Schwab, during his participation in the forum's activities in Davos.

" The statement explained that "the meeting discussed economic issues on the international scene and ways to activate the global market movement and improve the economic situation of most countries."

The President of the Republic stressed "the importance of the World Economic Forum and its role in bringing together world leaders and heads of major economic organizations and companies to achieve economic integration and conclude agreements that contribute to strengthening the economies of peoples."

Rashid pointed out that "Iraq enjoys security and stability and is moving forward towards strengthening economic conditions in various fields, especially infrastructure, the energy sector, the environment, services and improving the living conditions of citizens," noting that "the Iraqi state is working to strengthen the role of investment and the private sector through legislative and executive facilities."

He added that "Iraq is a fertile environment for investment and economic and commercial cooperation." For his part, Klaus Schwab praised "Iraq's distinguished participation in the activities of the World Economic Forum," stressing that "Iraq is considered one of the important countries in the Middle East and the world." The indicators support him in achieving development in various economic and social aspects.”   https://www.mawazin.net/Details.aspx?jimare=258928

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