KTFA:

OlLar:  In a world where Conspiracy Theory is hardly discernable from Conspiracy Fact, am I the only one who has had a fleeting thought of a possibility, that the refusal of those who may be truly running the world, are insisting we have a showdown in Afghanistan this weekend? The same weekend that this Baghdad Summit is being held? A weekend where a real possibility of an RV? Cover for the RV? Probably crazy, but, I bet I am not the only one

Ryan1216:  With the Baghdad conference this upcoming weekend it would be a perfect time to reveal the new rate. All is in place citizens education, ATM's, etc but this is Iraq. We have to watch and see what they do. I'm praying we aren't far away from this blessing coming forth. I'm frustrated just like everyone else. Kazemi has done alot of great talking lately it's time for him to back it up!

Don961:  Learn about Iraq's share of the new International Monetary Fund billions

 2021/08/25 18:35   Baghdad - Iraq today:

International Monetary Fund data shows that the Arab countries that are members of the International Corporation have a share of about 5.72%, and therefore they will receive the share estimated at $32.2 billion in the form of Special Drawing Rights amounting to 22.7 billion units of drawing rights, according to what was published by the media. foreign.

Yesterday, for the fourth time in its history, the International Monetary Fund began distributing special drawing rights to its members, this time amounting to 650 billion dollars, equivalent to 456 billion units, which is the largest historically, to its 190 members, in the form of special drawing rights, which approved It will be allocated early this month.

The allocations for the general distribution of Special Drawing Rights are divided among the countries that are members of the Fund in the same percentage of their quotas as their membership in the Fund.

Arab countries

The Kingdom of Saudi Arabia, being the largest Arab country, ranked first, with its special drawing rights amounting to 9577.5 million Special Drawing Units, and its voting share amounting to 2.1%.

In second place comes the UAE with 2,125.2 million RDRs, and its voting share is 0.49%, then Egypt is in third place with 1952.5 and its voting share is 0.43%.

Algeria comes in fourth place, with 1853.2 million special drawing rights, with a voting share of 0.41%, and then Kuwait with 1853.2 million special drawing rights, with a voting share of 0.41%.

While Iraq ranked fifth with a share of 0.35% and withdrawal rights amounting to 2.264724 million dollars.

The SDR is an international interest-bearing reserve asset created by the Fund in 1969 as a complement to other reserve assets of member countries.

The value of the SDR is based on a basket of international currencies consisting of the US dollar, the Japanese yen, the euro, the British pound and the Chinese yuan. The SDR is neither a currency nor a claim on the Fund, but a potential claim on member countries' freely usable currencies.

SDR allocations are distributed only to member countries that choose to participate in the SDR administration. All members of the Fund are currently participating in it.    link

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Samson:  Adviser to the Prime Minister reveals the details of the Generations Fund

26th August, 2021

Today, Thursday, Adviser to the Prime Minister, Mazhar Muhammad Salih, revealed the details of the Generations Fund, while indicating that the fund will be a source of invested savings for the benefit of the next generation

Saleh said in an interview with the Iraqi News Agency, and followed by "Al-Iqtisad News", that "the majority of the oil-producing countries or the raw wealth, which is called the group of surplus countries, have pledged to invest the proceeds of their accumulated wealth from the exports of raw materials and include them with sovereign investment funds, tools and income-generating assets through various activities. International and local investment, which is something that maximizes wealth and assets that provide prosperity and well-being for future generations

Saleh expressed his "support to go towards establishing an Iraqi fund for generations," noting that "such a fund will include part of the financial surplus or the country's official economic surplus, which is based today on some oil revenues

He stressed that "the fund will be a desirable source of savings that will take over the current generation of managing its investments for the benefit of the next generation, which we call sustainable development," pointing out that "this is the investment pillar that achieves the principle of succession of generations or successive utilization of wealth between generations from the present to the future

He added, "A proposal has been submitted to transfer the mechanisms of deductions for the current Kuwait war compensation, which will end early next year, into a national fund for generations to be used according to the vision of the Prime Minister, whereby the funds of the said fund are invested in activities, tools and income-generating assets through a highly diversified investment portfolio (i.e. tools). (financial, assets or real assets) in which there is an element of safety to a large extent of risks, as well as serious thinking about maximizing the proposed fund’s resources in the future from sources of investment returns from other untapped or unexploited natural wealth such as phosphates, sulfur, silicon, gas and other raw materials and untapped natural resources

He explained that "the management of such sovereign funds is handled by the central banks in the world on behalf of the government," noting that "the central bank in our country is currently the first financial agent for the government under its effective law and manages the strategic reserve of all official foreign currency and in accordance with international best practices in diversification and reducing Risks and maximizing returns, under the supervision of an independent government agency

LINK

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Samson:  Next Saturday.. 9 Regional And International Countries Will Participate In The Baghdad Conference For Cooperation And Partnership

26th August, 2021

The capital, Baghdad, will host next Saturday, the "Baghdad Cooperation and Partnership" conference, which was called by Prime Minister Mustafa Al-Kazemi. It is expected that the conference will be attended by leaders and high-level political figures representing 9 regional and foreign countries: Turkey, Iran, Saudi Arabia, Kuwait, Jordan, Egypt, Qatar, UAE and France. In addition to representatives of the European Union and the United Nations.

The Minister of Culture, Tourism and Antiquities, spokesman for the Council of Ministers, Hassan Nazim, said in an interview with “Al-Sabah” newspaper, which was followed by the independent: “The (Baghdad Cooperation and Partnership) conference is a summit conference that brings together the regional neighbors as well as other countries,” explaining that “Iraq had a special policy during the year.” The past is the work of the Al-Kazemi government, and the distinguished work is an attempt to restore Iraq’s effective and influential regional role.”

And he indicated that "restoring this role does not mean that there is a desire by Iraq to play roles as much as ensuring its security and economic stability, meaning that the plans of this government stem from the country's interest in its security and economic files," and pointed out that "these are great priorities that have been made, and there are trips Shuttle for Prime Minister Mustafa Al-Kazemi from it to Arab countries such as the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait and Jordan, and even international flights to Europe such as Belgium, Italy and the United States of America.

He stressed that "there is a vigorous work in building bridges that continue with the aim of restoring Iraq's role in a manner that secures its stability and economic prosperity, and the next summit meeting is a political meeting. Certainly, the security factor will be present and decisive.”

He added that "the issue of tensions in some countries in the region will also be present for discussion at the summit, and Baghdad will host great leaders of these countries, including the French president, who will attend himself and with a large delegation. This role came after many years of reluctance and interruption.”

Regarding the number of delegations of countries that expressed their willingness to participate in the Baghdad conference, Nazim said: “Iraq sent an invitation to all neighboring countries and all of them responded and will attend at high levels, and there was talk about the presence and participation of the Syrian side, and Iraq is responsive and has important relations with Syria, so if there was a controversy over Syria’s participation, this controversy is not related to the Iraqi government as much as it is related to the positions of others, i.e. the participating parties, and we respect the positions of others, but we emphasize the importance of our interests in our relationship with the Syrian Arab Republic.

He added, "The invitations are comprehensive and the attendance is high, and we hope that our country will reap the fruits through this wide and large international presence in Baghdad.

As for the representation in the conference, it is diverse, and attendance at the conference is at the highest level, including kings, ministers, prime ministers, and less, according to the circumstances of each country." He pointed out that "Prime Minister Mustafa Al-Kazemi's visit to Kuwait was a mission whose main objective is to strengthen economic partnerships, and the visit resulted in the formation of technical committees from both parties and a date was set for them to meet to determine the nature of these economic partnerships between the two countries."

Meanwhile, the Joint Operations Command announced the completion of the security cordons for securing the "Baghdad Cooperation and Partnership" conference scheduled to be held next Saturday. The spokesman for the joint operations, Major General Tahsin al-Khafaji, told the Iraqi News Agency (INA):

 "The security forces have completed their preparations and security cordons and are working on preparing plans to protect vital targets," noting that "Iraq is on the verge of an international conference, which is a clear message to the world and investors that Iraq is a country that enjoys independence and an atmosphere suitable for investment and construction.”   LINK

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The President of the Republic: The Baghdad Conference will contribute to easing tensions and crises in the region

26th August, 2021

The President of the Republic, Barham Salih, stressed, on Thursday, that the region needs a new work system based on common security and economic interdependence, and while noting that Iraq’s security and stability is an indispensable element in achieving this, he pointed out that the Baghdad Conference for Cooperation and Partnership will contribute to cooperation in order to alleviate the intensity of tensions and crises surrounding the region.

In an extensive meeting with a delegation of Arab and foreign media in Baghdad, Saleh said that Iraq is a pivotal country in the region, and that its balanced relations with everyone and its geographical location make it an active element in dialogue and a platform for the convergence of regional interests, noting that the persistent crises in the region are due to the collapse of its system.

Security and cooperation due to wars and conflicts and the absence of Iraq from its natural role, and the return of Iraq to its role through a state capable of full sovereignty will be based on regional security and stability, alluding to the existence of a growing regional awareness of this. He added that Iraq has long suffered from crises and disasters from wars, tyranny and terrorism, and the arena of settling the accounts of others, and as a result of which the whole region was affected.

The President indicated that the Baghdad Conference for Cooperation and Partnership, to be launched next Saturday, will contribute to cooperation in order to ease tensions and crises in the region, and support the path of constructive dialogue in this regard, pointing out that the wide attendance at the meeting indicates interest in Iraq and a desire to ensure security and stability. Country. He continued, that Iraq's geographical location and since ancient times made it a place for drawing balances in the region, and today, in light of the internal, regional and international developments, we affirm that this location makes it an effective element in convergence and dialogue and an arena for the interdependence of the common interests of the peoples of the region.

The President stressed that the time has come for the stability of the region after decades of conflicts and crises that led to the collapse of its security and cooperative system, and there is an urgent need today to build a new system based on basic principles, common security, and economic and commercial interdependence among the countries of the region. President Barham Salih affirmed that the solution in Iraq is an Iraqi solution, and the Iraqis are determined to move towards a capable state, to move towards the desired reform, and to face the internal challenges facing the country, pointing to preparations underway for holding the upcoming elections.

The President stressed that a secure and stable Iraq with full sovereignty and with its independent national decision is a foundation for regional security and stability, and that the time has come for the region to stabilize after decades of conflicts and crises, and there is an urgent need for a new joint security and economic system, pointing to a growing awareness of the countries of the region and the world of the need to return Iraq for its natural course.

 President Barham Salih pointed out that the region and the world have witnessed major transformations at all levels, which have resulted in grave common challenges, foremost of which is terrorism and extremism, fluctuations in the economic situation, youth unemployment, severe cross-border climatic changes and the need to protect the environment. Bring us together and move towards a work system based on the common interests of all the peoples of the region. Saleh stressed the need to continue the war on terrorism, and to combat the scourge of corruption closely linked to violence, terrorism and extremism. Corruption and terrorism are two sides of the same coin, and we call for the formation of an international coalition to combat corruption as an essential element to combat terrorism.

In answering a number of journalists' questions, President Barham Salih said that the continuation of the Syrian crisis is not in everyone's interest, and we stress that security and stability in the region will not be achieved without resolving the crisis in Syria, noting that the presence of terrorist groups and the crisis of al-Hol camp pose risks and a challenge to the whole region and the world, and Iraq calls for the return of Syria's seat to the Arab League, and Syria will be the absent present at the Baghdad Conference for Cooperation and Partnership

. He pointed out that Iraq's position on the Palestinian issue is a firm stance in defending the rights of the Palestinian people, achieving their aspirations and obtaining their full and legitimate rights, and there will be no peace in the Middle East without achieving full and legitimate Palestinian rights. LINK

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Samson:  Finance Minister: Nearly 200 billion dollars were smuggled out of Iraq

26th August, 2021

Minister of Finance, Ali Allawi, confirmed that nearly 200 billion dollars were smuggled out of Iraq due to corruption.

Allawi said in an interview with a number of media outlets, "Approximately 200 billion dollars were smuggled out of Iraq due to corruption operations," explaining that "it is not easy to recover these funds and we have started dialogue with neighboring countries that received our money."

 He stressed that "about 20 billion dollars evaporated from the Iraqi money smuggled into the banks of the countries."

He added that "the insurance sector in Iraq is really profitable and we want to move it," noting that "the 30% increase in state costs is caused by the increase in the number of employees, their salaries and incentives." And he indicated that "the foreign debt is about 50 billion dollars," noting that "the debts of the Paris Club have become few after Iraq paid a lot of them."

Allawi warned, "not to enter into any external obligations related to debt," stressing, "We are in the process of issuing bonds, and the Iraqis will not buy them without guaranteeing the payment of interests to them, and this is their right."    LINK