KTFA Members "Wednesday News" 2-17-2021

KTFA:

Samson:  The Minister of Finance inaugurates the electronic comprehensive application project in Al-Rafidain Bank

The Minister of Finance, Ali Allawi, inaugurated, on Wednesday, the comprehensive electronic banking application system project in the Rafidain Bank

The bank said in a statement that Mawazine News received a copy of it, that "the Minister of Finance, Ali Allawi, inaugurated today, the comprehensive electronic bank application system in the Rafidain Bank

The statement added, "The opening ceremony was attended by the Minister of Finance, Director General of Al-Rafidain Bank and other personalities who considered this system a positive sign in the application of electronic work in the bank away from the traditional paper methods   LINK

Samson:  The Minister of Finance announces the launch of the new experiment in the comprehensive banking system

17th February, 2021

On Wednesday, Minister of Finance, Ali Abdul-Amir Allawi, inaugurated the Al-Alawi branch in the Rafidain Bank, according to the comprehensive banking system

The ministry’s media office said in a statement received by Al-Iqtisad News that, “Under the auspices of the Minister of Finance, Al-Rafidain Bank opened the Al-Alawiya branch in Al-Firdous Square in accordance with the comprehensive banking system

Allawi said, during the opening, according to the statement, that "the new branch is part of the development plan pursued by the Ministry of Finance by adopting modernity and development in the application of the banking system," adding that "this branch represents the real start towards popularizing the new experience in all Iraqi banks

The statement stressed that "the departments of the Ministry of Finance are working hard and continuously to improve the quality of services provided to citizens

The opening was attended by the General Director of Al-Rafidain Bank, the branch manager and the bank’s staff   LINK

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Samson:  The second part of the white reform paper

17th February, 2021

The second part of the White Reform Paper, which was approved by the Council of Ministers in its session held on 10/13/2020, and in accordance with its Resolution No. (148) for the year 2020, the second part of which includes a group of projects, which numbered 64

To view the second part of the paper click here:   https://1drv.ms/b/s!Ap1aTnwoJ4CNpj5A-cZgLLKZDEbR   LINK

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Samson:  Tueller meets with the U.S. Chamber of Commerce U.S.-Iraq Business Council (USIBC) to discuss how the United States is collaborating with Iraq to grow a thriving economy

17th February, 2021

Ambassador Tueller met with the U.S. Chamber of Commerce U.S.-Iraq Business Council (USIBC) to discuss how the United States is collaborating with Iraq to grow a thriving economy.

"We continue to work towards helping Iraq become a stable, secure, and prosperous country.

We would like to see Iraq take full advantage of its vast energy resources to become more energy independent, and we would like to see increased trade and investment that can stimulate the private sector, create jobs, and provide the foundation for a better future for all Iraqis.

"In this vein, we remain focused on implementing the agreements made at the Strategic Dialogue last August and are looking to deepen our economic collaboration."  LINK

Don961:  Mazhar Saleh: The high oil price of $ 75 could solve the budget deficit

Wednesday 17th February 2021

Baghdad: Hazem Muhammad Habib and Shaima Rasheed 

The Finance Committee in the House of Representatives revealed that the decisions of the curfew due to the Corona pandemic will not affect the continuation of meetings and dialogues to resolve the budget file.

In conjunction with this, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, told Al-Sabah: “The break-even point or balance in the budget requires that the average price of an annual barrel of oil exported abroad be at least $ 75- $ 80 a barrel,” indicating that "At that point, the deficit gap will be closed completely, and the sources of borrowing to cover the budget deficit will be automatically canceled," he said.

He added that "the government is benefiting from the current high oil prices, which have reached more than what was written in the budget, especially with the country heading to closure again," stressing that "this will lead to strengthening the country's financial leverage to face the problems of social need."

For his part, the reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, explained to “Al-Sabah” that “the curfew decision due to the Corona pandemic will not affect the continuation of meetings and dialogues to resolve the budget file and vote on it because it concerns the fate of a country and is supposed to be resolved.”

It is likely that «the end of this week will witness the vote on the budget in the House of Representatives after the Finance Committee completed it. It is awaiting the results of the region’s delegation’s meetings to prepare the text for the region’s share in the budget». 

Al-Saffar pointed out that "negotiations are continuing between Baghdad and the regional delegation to make changes to the government text in Article (11), and in the event that solutions are reached, matters will be resolved and the budget will be voted on."   LINK