Iraqi News Thursday Afternoon 6-16-22
Iraqi News Thursday Afternoon 6-16-22
TLM724 Administrator BondLady’s Corner
After The Sadrists Resign, Framework Efforts To Form A Quick Government
Political | 07:22 - 06/16/2022 Special - Mawazine News, a parliamentary source confirmed, on Wednesday, that the coordinating framework will not move according to its specific directions, suggesting that there will be reactions from the Sadrist movement.
The source told "Mawazine News" that if there were no reactions from the Sadrist movement and they proceeded according to the hadith of Muqtada al-Sadr, there would be a rapid formation of the government.
He added that the meeting of the coordination framework, in the presence of Prime Minister Mustafa Al-Kazemi today, stressed that the political heads of the country are progressing with outputs to form the government quickly. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=196656
The World Bank: The Growth Of Iraq's Economy Is Linked To The Formation Of The Government And The Approval Of The Budget
Economie| 04:55 - 06/16/2022 Baghdad - Mawazine News, a report issued by the World Bank, on Wednesday, warned of the impact of the delay in forming the government and approving the budget on the growth of Iraq's economy.
The report said, "Iraq is gradually emerging from the deep recession that it experienced in 2020 due to the Corona Virus (Covid-19) pandemic and the accompanying collapse in oil prices, as after a contraction of more than 11% in 2020, the Iraqi economy achieved a growth rate of 2.8% in 2021 with the easing of restrictions imposed by the Corona pandemic on movement, and this growth was supported by a strong expansion in non-oil production, especially in the services sector.
He added, "With the gradual cancellation of the "OPEC +" production cuts, oil GDP also began to grow in the second half of 2021, and the rise in oil revenues prompted a surplus in public financial balances and total external balances in Iraq in 2021. ".
The report quoted Saroj Kumar Jha, Regional Director of the Mashreq Department at the World Bank, as saying: “Iraq has a unique opportunity to undertake urgent and wide-ranging structural reforms through 3 means: taking advantage of the fiscal space resulting from its recent sudden oil revenues, and secondly, redirecting government spending towards programs that Improving growth is critical to economic diversification and job creation, and thirdly, addressing the country’s human capital crisis.”
The World Bank report confirms that “the current food security challenges in Iraq have intensified in the midst of the current rise in global commodity prices, while the level of local food production is below the level of demand caused by rapid population growth, and severe droughts and other climate change factors have led To exacerbate this situation, and while subsidies and direct transfers can help mitigate these negative impacts in the short term, achieving food security requires coordinated efforts to improve local food production and more efficient management of water resources.
The report pointed out that "the financial, social and economic challenges in Iraq underscore the need to accelerate the pace of much-needed macro-structural and financial reforms to remove obstacles to private sector development, increase investments in water efficiency and agri-food systems, and shift towards more sustainable sources of energy, in addition to Decarbonization of the transportation sector.
The report says, "A further delay in forming the government and approving the 2022 budget may lead to limiting the use of the country's sudden oil revenues, as the actual ceilings of the 2021 budget have been reached, and suspending the implementation of new investment projects, which may reduce economic growth." The white paper "developed by the Iraqi government remains a model and a bold blueprint for a comprehensive economic reform program towards economic diversification."
The report singles out a special chapter on the “Corona pandemic and the human capital crisis,” and says, “A child born in Iraq prior to the Corona pandemic may have a productivity of only 41% when he reaches the age of eighteen, than it would have been if he enjoyed a full education and full health, as The pandemic has affected the human capital in Iraq by negatively affecting the health of workers today and their level of economic well-being, as well as by reducing the potential productivity of the future generation in Iraq.
Addressing such challenges requires taking an educational reform path to raise the level of learning and skills development among Iraqi children. . https://www.mawazin.net/Details.aspx?jimare=196642
Talk About The (White Paper) .. Minister Of Finance: The State Property Sector Faces Huge Challenges
Money and business Economy News – Baghdad Today, Thursday, Finance Minister Ali Allawi confirmed that the state property sector faces huge challenges, noting that the ministry is continuing to implement what was stipulated in the "white paper."
And the Ministry of Finance stated in a statement, "The Minister of Finance, Ali Allawi, today conducted an inspection visit to the State Real Estate Department, touring between the departments and people of the department, accompanied by its general manager, Rand Raad Raji, and the advanced cadre."
Allawi stressed, "This visit aims to raise the level of institutional performance and reduce the effort and time to reach the provision of the best services, in addition to expediting the resolution of property issues belonging to the state, and raising the pace of joint coordination with institutions and relevant and supporting authorities."
And the Minister of Finance indicated that "the state property sector faces huge challenges, and efforts should be redoubled and pushing towards improving the work of the department, in a way that contributes to simplifying procedures in accordance with the laws in force."
Allawi pointed out that "the ministry is continuing to implement what was stipulated in the white paper adopted by the government in light of the rapid changes witnessed by Iraqi society and the advancement of the department's capabilities by providing investment opportunities and finding real solutions to obstacles and difficulties in order to advance the wheel of construction and reconstruction in it."
He stressed, "Continuing the ministry's efforts to complete work automation projects and making more bids to complete transactions, reduce the momentum resulting from citizens' review, and reduce red tape and redundant episodes." 106 . views Added 06/16/2022 - 4:51 PM Update 06/16/2022 - 8:55 PM
https://economy-news.net/content.php?id=28508
Integrity: Prison Sentences For The Former Governor Of Babylon And The Former Director Of The Trade Bank Of Iraq
Today, Thursday, the Integrity Commission announced the details of the sentences issued against a number of officials, noting that the sentences included imprisonment for the governor of Babylon and the former director of the Iraqi Trade Bank.
And the investigation department of the authority stated, in a statement, that "the Babylon Criminal Court - the third authority, issued a prison sentence in absentia to the former governor of Babylon, for blackmailing and bargaining with complainants, for the purpose of disbursing their financial dues resulting from the implementation of a project to equip and install two devices (ring and helical mills) in Marjan Hospital in year 2018".
And she added, "The court issued a seven-year prison sentence to the convict in accordance with the provisions of Resolution (160 of 1983), with an arrest and investigation order issued against him."
The department confirmed, "The Rusafa Criminal Court issued a ruling in absentia imposing a prison sentence of seven years on the former Director General of the Iraqi Trade Bank, on the issue of exaggerating the purchase price of a real estate in Basra Governorate."
The statement continued, "The Central Anti-Corruption Criminal Court issued a judgment in attendance to imprison the Director of the Legal Department of the Civil Aviation Authority, on the charge of receiving a sum of money from a director of a company, in return for performing one of his duties, and facilitating contract procedures for the complainant." That "the court decided to imprison the convict for seven years, based on resolution (160 of 1983), with the imposition of a fine of ten million dinars against him."
And he stated that “a verdict was issued in attendance to imprison the director of the yellow maize plant located in the Al-Alam district in Salah al-Din Governorate, for seizing an amount of (57,687,000) dinars, for the value of (187.5) tons of yellow maize, noting that “the Salah al-Din Criminal Court - the Commission The second issued its decision to imprison the director of the laboratory in his presence for a period of six years in accordance with the provisions of Article 318 of the Penal Code in reference to the provisions of the subscription articles (47, 48 and 49) of it. https://www.radionawa.com/all-detail.aspx?jimare=29945
Tobyboy Member: The report says the 2 were issued prison sentences in absentia which means they not in the court but had escaped to another country. This is how they do it for high profile people letting them get away before they are arrested or out on bail giving them the opportunity to leave the country. This has happened almost in all the cases with the high profile people.t in case so they can not escape. What a crock with this country.
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