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Don961:  After a meeting in London that included the Minister of Finance .. Statement of the Economic Contact Group for Iraq

330 Policy 2020/10/22 19:05Baghdad Today - Baghdad

The British Embassy in Baghdad, Thursday, October 22, 2020, published a statement that resulted from the meeting of the Iraqi government and international partners in London today.

"The Iraqi government and international partners met today to launch the Economic Contact Group for Iraq, which is an international coalition to support the government of Iraq in pushing for the implementation of critical economic reforms," ​​the embassy said in a statement.
The embassy published the text of a statement issued by the Economic Contact Group for Iraq, as shown below.  link  

MilitiaMan:  Perfect timing. Look at that. International Partners. To launch the Economic Contact Group for Iraq. An international Coalition to support the government in pushing forward with economic reforms. Just out of the embassy. Well, this supports that the requirements for to ascend into the EBRD is like I mentioned earlier, as they have the WP sorted that fits their agenda. That is to bring Iraq to a market economy.. I am fairly sure this is proof we are correct in that reforms are on the way. Big time too. imo ~ MM

Don961  Finance Minister: European countries are preparing the White Paper, an ambitious program for comprehensive economic reform in Iraq

2020-10-22  Yes Iraq – Baghdad

The Minister of Finance, Ali Abdul Amir Allawi, announced, on Thursday, October 22, 2020, the support of international organizations and industrial countries for the White Paper.

The media office of the Minister of Finance said in a statement: “Allawi confirmed, after his participation in the tour of Prime Minister Mustafa Al-Kazemi to a number of European countries, that the White Paper received absolute support from industrialized countries and international organizations for the first time.”

The statement added that “international support and welcoming the white paper is an achievement of the Ministry of Finance,” indicating that “international organizations have seen that Iraq faces arduous economic challenges overshadowed by the crisis of Corona and the decline in oil prices, and that the White Paper is an ambitious program for comprehensive economic reform, enhancing the growth of the private economy and protecting the most groups Double ”.

He pointed out that "the industrialized countries and international organizations announced their support for the Iraqi government's vision of reform not only to ward off the current crises, but to create permanent economic opportunities for the Iraqi people that meet their aspirations."

The statement pointed out that “earlier, the Finance Committee in the Iraqi Council of Representatives announced its support for the white paper that aims to reform and activate the private sector and change the course of the national economy from the role of state control to the role of regulation, law enforcement, attention to vulnerable groups, social welfare and work to make radical improvements to The state administration of the public financial system to reduce the continuous waste of resources, and also seeks to restructure the banking sector and put in place scientific and real solutions to raise the production of the public sector.    LINK  

Tweets

Deputy PM @AliH_Allawi thanked the UK for hosting the meeting, and outlined the strategic goals of Iraq’s White Paper for Economic Reform saying that the support of the IECG will help Iraq to navigate the upcoming challenges.

Deputy PM @AliH_Allawi The meeting was co-chaired by Iraq and @WorldBank with the participation of members of Iraq’s Parliamentary Finance Committee, representatives from G7 countries and the IMF who pledged their support for the White Paper for Economic Reform recently adopted by the refoms

Iraq’s Deputy PM and Minister of Finance @AliH_Allawi  attends in London the first meeting of the Iraq Economic Contact Group (IECG) hosted by the UK’s Minister for Middle East & North Africa

MilitiaMan:  The rate is said to be sensitive and will need the support of the CBI and IMF.. These meetings are in Europe and most important the UK in London. I hope you all can see the relationship of all this to todays news articles. The line up in all three tweets is massive. The Entire G7 around the world is involved.. They alll support the date and the rate, ioo... Basra Boyz, Petra, etc. Massive data...  WOW!! ~ ~ MM

Don961:  Pictures: Iraq discusses its economic crisis with 3 influential international parties

2020-10-22  Yes Iraq - Baghdad

The British ambassador to Iraq, Stephen Hickey, expressed his happiness at the meeting of Iraq with the Group of Seven and the international criticism to discuss its economic crisis.

Hickey said in his post that it is wonderful to see the meeting of the Group of Seven, the International Monetary Fund, the World Bank, and the Finance Committee in the Iraqi parliament to support economic reform.

He added: International support is crucial at this difficult moment for the Iraqi economy.

 The United Kingdom announced earlier today, Thursday, October 22, 2020, the formation of the Economic Contact Group on Iraq in an effort to stimulate international support for the urgent economic reform program in Iraq.

A statement by the British Foreign Office stated that the United Kingdom will launch a three-year program at a cost of 6 million pounds sterling to provide global expertise to achieve economic growth and improve the security situation.

She added: Prior to his meeting with Iraqi Prime Minister Mustafa Al-Kazemi today (October 22), Foreign Minister Dominic Raab stressed the need to support the Iraqi economy, which is facing difficulties, and to work with the government to improve stability and security in the country, to ensure a better recovery from the Corona virus.

She explained that, given the high number of COVID-19 cases and the decline in oil prices, Iraq is in urgent need of international aid. Therefore, the United Kingdom announces a three-year program, at a cost of 6 million pounds sterling, to support the ability of the Iraqi government to meet these challenges. This new program draws on international experiences from the public and private sectors to enhance stability in Iraq and introduce vital economic changes in order to accelerate growth.

The Foreign Ministry continued: The United Kingdom also mobilized the international community to form an economic contact group on Iraq (the “Economic Contact Group”), which will work with the Iraqi government to develop a roadmap to implement change in an effort to stop the economic crisis and provide job opportunities so that the Iraqi people can secure a better future.

She explained: The first meeting of the Economic Contact Group will be held at the Ministry of Foreign Affairs and Development headed by Deputy Prime Minister and Minister of Finance Ali Allawi, Minister of Middle East Affairs James Cleverley, and in the virtual presence of participants from around the world.  LINK

MilitiaMan:  Per Twitter feed the meeting is not to be done, it has already happened. The virtual presence? Very efficient. Very safe and secure.. Can't believe all of those involved agree to support Iraq internationally! Big time financial supporting entities. All on board and in support. The World Bank, IMF, EBRD, G7, UK, USA, etc.. Go time soon or what? lol ~MM 

Tweets

@AliH_Allawi  thanked the UK for hosting the meeting, and outlined the strategic goals of Iraq’s White Paper for Economic Reform saying that the support of the IECG will help Iraq to navigate the upcoming challenges.

Deputy PM @AliH_Allawi The meeting was co-chaired by Iraq and @WorldBank with the participation of members of Iraq’s Parliamentary Finance Committee, representatives from G7 countries and the IMF who pledged their support for the White Paper for Economic Reform recently adopted by the refoms

Iraq’s Deputy PM and Minister of Finance @AliH_Allawi  attends in London the first meeting of the Iraq Economic Contact Group (IECG) hosted by the UK’s Minister for Middle East & North Africa