Iraqi News Friday AM 6-25-21
Iraqi News Friday AM 6-25-21
TLM724 Administrator BondLady’s Corner
Al-Kazemi's advisor talks about improving the value of the Iraqi dinar
Today, Friday, the Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, pledged the improvement of the value of the dinar with several conditions that must be met and achieved.
Saleh told the Iraqi News Agency, "The improvement in the value of the Iraqi dinar is related to the economy's ability to grow if significant growth is achieved in the economy, not rent growth," noting that "expectations indicate a current growth of 2.5%, and this growth parallels the real population growth."
He added that "this needs the right development, reducing unemployment, increasing job opportunities, and flourishing investment projects, which encourage and generate income that compensates for oil, and gives sustainability in returns, and sustainability with the strength of the economy,"
noting that "there are two important things, the first is monetary policy that maintains On the stability of the exchange rate, and create a stable environment for a long period, and the second is to support investment projects for development and achieve growth, because without growth the situation will be bad.” https://www.radionawa.com/all-detail.aspx?jimare=25133
Because Of Saddam and America, Iraq Reaps Years Of Nepotism And Corruption By Losing The Foundation Of The State
Fri, 06-25-2021,PM 5:12 Karar Al Asadi 308 The American "Carnegie" Institute for Research painted a bleak picture of the collapse of agriculture in Iraq due to corruption and nepotism, after it was one of the pillars of agriculture in the world, before it was plagued by food insecurity due to years of war.
Nepotism: the practice among those with power or influence of favoring relatives or friends, especially by giving them jobs
Record Dip
Historically, Iraq had one of the most fertile and suitable lands for agriculture in the world, as agriculture constituted more than 18% of the country’s economic output in 1995, but during the past thirty years, agriculture has lost its main role in the economy and has fallen victim to decades-long conflicts, and by the In 2019, agriculture accounted for only 2% of the size of the economy in Iraq, according to a report by the American Institute translated by Shafaq News.
The report pointed out that "the decline of the agricultural sector in Iraq began with the effects of those close to the authority and the systematic corruption arising from the armed conflicts in the late eighties and early twenty-first century, which caused these bad effects, that is, many years before the formation of ISIS and its entry into Iraq."
Iraq-Iran War
According to "Carnegie", "the Iraq-Iran war (1980-1988) drove thousands of farmers from their agricultural fields to the battle fronts, which constituted the first blow to Iraqi agriculture."
He added that "Saddam Hussein's privatization of state-owned industries, including agricultural factories producing wheat, barley rice, dates and cotton, was an attempt to revive this sector, but this process granted ownership of food production factories to a limited number of families."
The US report considered that the patronage structure established in Iraq for the benefit of the elite “allowed them to engage in business activities that seek quick profit at the expense of food sustainability in the long term,” noting that “in the early nineties of the last century, poorly planned irrigation projects in Iraq led to A massive drain on water sources.
The report continued, "Iraq used to produce about one million tons of dates, which represented 75% of global consumption before 1980, but Saddam Hussein's neglect of agriculture and the widespread destruction of trees reduced date production in half with the end of the Iran-Iraq war in 1988."
Iraq after 2003
The report also considered that “the US invasion led to the disruption and strengthening of these patronage networks,” noting that
“the 2003 war period witnessed the re-emergence of the beneficiaries from Iraq, within a new American model, as the armed militias allied with the Americans set up checkpoints and smuggling routes.” oil and food products.
In post-2003 Iraq, the United States considered that “the existing state bourgeois networks are incompatible with its state-building project, and sought to dismantle them.
He pointed out that "under Saddam's dual regime, which combines the role of the state and liberalism, the production of seeds and fertilizers remained in the hands of small state-owned companies and managed by families, which accelerated food insecurity after the 2003 war."
Iraqi Allies
He continued, "The reconstruction in Iraq after 2003 witnessed the awarding of state contracts to key figures in the Iraqi Governing Council, and they benefited from the strong relationships that linked them with Pentagon officials.
As an example, a businessman is a business partner of the Iraqi National Congress President Ahmed Chalabi, On contracts worth $80 million to provide guard and security for the country's oil fields.
The report concluded that "the policies led by the United States and applied with Iraqi companies inadvertently pushed small agricultural enterprises out of the market, and also significantly deprived farmers of their rights."
He pointed out that "the United States has reflected the same image of nepotism as it was during the era of Saddam Hussein, through the reconstruction contracts that it approved and granted to close allies."
As a result, according to the Carnegie Institution, "the agricultural market today suffers from underdevelopment and the exclusion of smaller players."
He stressed that "after more than 15 years of war, huge funds have failed to achieve tangible results for long-term political stability in Iraq, which is still fraught with civil unrest and food insecurity."
Kurdistan
In addressing what happened in the Kurdistan region, "Carnegie" stated that "after the invasion of ISIS in 2014, the majority of farmers were denied access to their lands, and they migrated to urban centers."
In the outskirts of Mosul, ISIS-affiliated war exploitation networks sold nearly 40 percent of farm machinery to farmers and destroyed the rest.
At the national level, the report noted, "The ISIS invasion has reduced the agricultural production capacity in Iraq by at least 40%."
The Carnegie report concluded by saying that preventing the entrenchment of the prevailing nepotism should be one of the main considerations in the political discussions regarding the reconstruction processes in Iraq, warning at the same time against leaving "elements of nepotism unchecked, as this will destroy the prospects of state building." https://non14.net/137853
The Iraqi Economy Is Being Subjected To "Khadda" .. Will The Dollar Scenario Be Repeated In The Crisis Of Improved Fuel?
Posted On 2021-06-25 By Sotaliraq At a time when the Iraqi street, on the initiative of the government, hopes to reduce the price of the dollar, which caused a crisis and economic stagnation in the country, a new crisis emerged, represented by the delay of the Oil Products Distribution Company in pumping improved gasoline at many stations in various Iraqi governorates.
Most of the gas stations in the capital, Baghdad, were emptied of improved gasoline, and some stations closed their doors, while others witnessed queues and momentum as a result of the shortage of this substance.
A number of car owners expressed their anger at the lack of fuel, which left long queues at the entrances to the stations, calling on the Ministry of Oil to clarify the reasons for not preparing the improved fuel and to develop solutions and treatments for the crisis as soon as possible.
A fuel crisis in Iraq and a significant increase in prices on the black market
For its part, the Ministry of Oil denied what was reported in some media and social media sites about the closure of high-octane gasoline supply outlets, stressing that “the supply outlets are operating continuously and with high flow.”
In a statement, the ministry indicated, "The company has conducted periodic matches and checks in some processing outlets during the past two days, which led to the suspension of processing for some stations for some time."
"The government's goal is to fight citizens and restrict them in all aspects of life," said Sadiq al-Shiblawi, a car owner waiting in line for fuel.
Al-Shiblawy added in an interview that “the fuel crisis was created by the government for two goals, first to direct society to a new problem and to turn a blind eye to the problem of the high price of the dollar, and the second goal is to raise the price of gasoline,” noting that “the government needs large financial liquidity to finance electoral campaigns.” saying. LINK
A Parliamentary Committee Reveals The Details Of Hosting The Minister Of Finance.. What About The Dollar?
Political | 01:38 - 06/25/2021 Baghdad - Mawazine News, the Parliamentary Finance Committee revealed, today, Friday, the details of the meeting that it gathered with Minister of Finance Ali Abdul Amir Allawi.
Committee member Majid Al-Waeli said, "The committee met with Minister of Finance Ali Allawi to discuss a number of issues, the most important of which is petrodollar funds," explaining that "the Ministry of Finance was interpreting the issue of petrodollar funds incorrectly, and this arranged very high funds estimated at tens of trillions."
He added, "The Finance Committee clarified the financial burden of the petrodollar fund within the accounts of the committee is 3.5 trillion dinars, and one trillion is inside the budget, which remains 2.5 trillion allocated from oil imports, and within the accounts of the committee that 1.5 dollars for each barrel of oil is supposed to go to petrodollar funds.
He continued: "After this correction, the Minister of Finance expressed his willingness to reverse his decision to stop the implementation of this paragraph, and therefore it will be implemented in order for the oil-producing governorates that have oil activity to enjoy in order to reflect on service projects and provide job opportunities and service to the citizen."
He pointed out that "the committee discussed the automation of border crossings and customs," noting that "the Minister of Finance gave us messages of reassurance that the file is in the process of implementation, and will provide revenues to the state."
And he indicated that "the committee discussed with the minister the appointments and their suspension, and the violations of the law in some ministries."
He explained, "The ministry argues that it does not control the procedures, due to the lack of a clear database, and therefore we indicated that there is an article in the budget stating that the Ministry of Finance, Planning and Communications is involved to launch government identifiers (biometric card) or a functional financial number to control the intersection of information and control the financing of government departments, and within Our expectations are that the largest funding is salaries, and it may be an increase in funding of up to 15% as a result of the lack of control from the ministry on this file, and therefore we expect the funding to decrease and move towards real funding and the real numbers of employees by 15%, which is not a small amount.”
He pointed out that "the follow-up to the numbers and barcodes placed in the budget was discussed, and so far it is not in control of the Ministry of Finance, in addition to financing projects and investment plans in the governorates, which is also a lagging file, and the ministry argued that all governorates did not complete the investment plans and reconstruction."
And he indicated that “according to the budget law for the year 2021, the Finance Committee stipulated that investment plans pass through it, but the ongoing projects are not concerned, considering the plans have been in place for years, but are quickly checked and passed to the Ministry of Planning,” noting that “the reconstruction plan for new projects is concerned and the committee is following it up.” And distribute it to the sectors correctly and to all the provinces.
He pointed out that "the number of provinces that submitted their plans to the ministry correctly is only three, Karbala, Najaf and Anbar, and the Ministry of Finance is waiting for the completion of the procedures of the remaining provinces so that they can finance the amounts," stressing that "the ministry does not have a problem with funding, but is waiting for plans from the provinces." ".
He continued, "The committee discussed with the minister the issue of economic security, price control, and the measures taken by the ministry due to the repercussions of the dollar exchange rate and the rise in prices, and the minister indicated that there is a rise in global prices in general as a result of the Corona pandemic, and now prices have begun to stabilize, and we may notice during the coming period."
This is reflected in domestic prices, in addition to the failure of the security authorities concerned with economic security and the failure to hold accountable the unjustified rise in prices by importers and traders,” noting that “the Ministry of Agriculture has a ban on many crops that have an actual need, and the lack of coverage from the local product.” What caused the price hike? https://www.mawazin.net/Details.aspx?jimare=158280
A Parliamentary Committee Reveals The Details Of Hosting The Minister Of Finance
Author: AhadNA3 On 06/25/2021 - 2:24 PM 36 Today, Friday, the Parliamentary Finance Committee revealed the details of the meeting it had with Finance Minister Ali Abdel Amir Allawi.
Committee member Majid Al-Waeli said, “The committee met with Finance Minister Ali Allawi to discuss a number of issues, the most important of which is petrodollar funds,” explaining that “the Ministry of Finance was interpreting the issue of petrodollar funds incorrectly, and this arranged for him very high funds estimated at tens of trillions.”
He added that "the Finance Committee clarified the financial burden of the petrodollar fund within the accounts of the committee is 3.5 trillion dinars, and one trillion is in the budget, which remains 2.5 trillion allocated from oil imports, and within the accounts of the committee that 1.5 dollars for each barrel of oil is supposed to go to petrodollar funds.
He continued: “After this correction, the Minister of Finance expressed his willingness to reverse his decision to stop the implementation of this paragraph, and therefore it will be implemented in order for the oil-producing provinces that have oil activity to enjoy in order to reflect on service projects and provide job opportunities and service to the citizen.”
He pointed out that "the committee discussed the automation of border crossings and customs," noting that "the Minister of Finance gave us messages of reassurance that the file is in the process of being implemented, and will provide revenues to the state."
And he indicated that "the committee discussed with the minister the appointments and their suspension, and the violations of the law in some ministries."
He explained that “the ministry argues that it does not control the procedures, because there is no clear database, and therefore we indicated that there is an article in the budget stating that the Ministry of Finance, Planning and Communications is involved to launch government identifiers (biometric card) or a functional financial number to control the intersection of information and control the financing of government departments.
Our expectations are that the largest funding is salaries, and it may be an increase in funding of about 15% as a result of the lack of control from the ministry on this file, and therefore we expect the funding to decrease and move towards real funding and the real numbers of employees by 15%, which is not a small amount.”
He pointed out that "the follow-up to the numbers and barcodes placed in the budget was discussed, and so far it is not in control of the Ministry of Finance, in addition to financing projects and investment plans in the governorates, which is also a lagging file, and the ministry argued that all governorates did not complete investment plans and reconstruction."
And he indicated that “according to the budget law for the year 2021, the Finance Committee stipulated that investment plans pass through it, but the ongoing projects are not concerned, considering the plans have been in place for years, but are quickly checked and passed to the Ministry of Planning,” noting that “the reconstruction plan for new projects is concerned and the committee is following it up.” And distribute it correctly to sectors and to all governorates.”
He pointed out that "the number of provinces that submitted their plans to the ministry correctly is only three, Karbala, Najaf and Anbar, and the Ministry of Finance is waiting for the completion of the procedures of the remaining provinces so that they can finance the amounts," stressing that "the ministry does not have a problem with funding, but is waiting for plans from the provinces." “.
He continued, "The committee discussed with the minister the issue of economic security and price control, and the measures taken by the ministry due to the repercussions of the dollar exchange rate and the rise in prices, and the minister indicated that there is a rise in global prices in general as a result of the Corona pandemic, and now prices have begun to stabilize, and we may notice during the coming period."
This is reflected in domestic prices, in addition to the failure of the security authorities concerned with economic security and the failure to hold accountable the unjustified rise in prices by importers and traders, noting that “the Ministry of Agriculture has a ban on many crops that have an actual need, and the lack of coverage from the local product.” What caused the price increase?
https://alahadnews.net/209849/%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/
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