More Iraqi News Saturday PM 7-9-22
More Iraqi News Saturday PM 7-9-22
TLM724 Administrator BondLady’s Corner
Parliamentary Finance Monitors The Chances Of Approving The General Budget For The Current Year
Saturday, July 9, 2022 5:49 PM National News Center / Special
Today, Saturday, the Parliamentary Finance Committee confirmed that the general budget law for the year 2022 requires a period of no less than two months, while revealing the available alternatives to this law.
Committee member Jamal Cougar said, in a statement to the "National News Center", that "the chances of this year's budget are almost non-existent, especially as it needs a period of no less than two months to be approved after the formation of the government."
He continued, "The government has another option, alternative to the budget, in case it needs financial liquidity, which is to go to the Parliamentary Finance Committee to formulate another financial law similar to the emergency support law for food security in order to provide liquidity."
The "Food Security and Development" law came after the approval of the general budget law was hampered by the political crisis that has afflicted the country for more than seven months.
The law includes allocating 25 trillion Iraqi dinars (about 17 billion dollars) to secure the country's main needs of electricity, gas, wheat and other basic materials, as well as securing the monthly ration items for citizens, and supporting the social welfare network. https://nnciraq.com/139872/
Al-Kazemi's Advisor Summarizes The Stages Of Cooperation Of The International Community To Help Iraq Economically
Saturday, July 9, 2022 1:52 PM National News Center / Baghdad Today, Saturday, the appearance of Muhammad Salih, the financial advisor to the Prime Minister, Mustafa Al-Kazemi, outlined the stages of cooperation of the international community to help Iraq economically, while noting that the white paper is the product of this cooperation.
Saleh said, in a statement followed by the National News Center, that "international cooperation in helping Iraq economically extends to the Madrid Donors Conference, which was held in October 2003, in which the foreign ministers of 77 countries pledged to provide aid for the reconstruction of Iraq, with an amount exceeding 33 $1 billion to restore infrastructure destroyed by wars and the previous economic blockade.”
He added that "many of these grants were verified, but their financial effects were limited due to the mismanagement of the reconstruction operations at the time."
He pointed out that "the international community did not skimp on writing off more than $100 billion of debts owed by Iraq, which is Iraq's pre-1990 debt, under the Paris Club Agreement of 2004."
He continued, "The international community then continued to support Iraq, and this was embodied by the (Tokyo Declaration) by the Group of Seven major industrialized countries in their statement announced in May 2016, which supported Iraq financially and economically to confront its dual economic and security crisis at the time, and the Kuwait Conference for the Reconstruction of Iraq in The year 2018, which helped sustain UN aid to finance stabilization operations in the liberated areas after the victory over ISIS terrorism.
And he added: “During the double financial and health crisis that our country was subjected to in the year 2020, the international community sensed Iraq’s need for international aid to reform the economy and reorganize it in order to achieve sustainable development and combat decline and corruption, so it was formed in London in the middle of the year 2020, what was called ( The Iraq Economic Contact Group (IECG) (composed of the World Bank, the International Monetary Fund, the European Union, and the Group of Seven major industrial countries).
He continued: “The aforementioned contact group expressed its willingness to support financial and economic reform projects in our country and to reorganize the financing, production and governance sectors, and the white paper was the product of that cooperation,” he concluded by saying: “I see that Iraq has many serious and promising opportunities to benefit from the intentions of the international community.” Positively towards achieving reform projects and economic progress in Iraq. https://nnciraq.com/139835/
Blackshart: Eid Al-Adha Is An Opportunity For Iraqis To Put Aside Their Differences
The UN representative in Iraq, Jenin Hennis-Plasschaert, called on Iraqi politicians to make efforts and make sacrifices to achieve the interest of the people with the advent of Eid al-Adha, while stressing that the feast is an opportunity for Iraqis to put aside their differences.
"According to tradition, Eid is a time of giving and forgiveness, of expressing sympathy and celebration, and these virtues are gaining more importance than ever this year, as the country is gripped by protracted political tendencies, growing dust storms and a new wave of the coronavirus pandemic," Blackshart said in a statement. And global tensions have an impact on the daily lives of Iraqis, including their food security."
She added, "Eid al-Adha provides an opportunity for people now to reunite them, open their hearts, and seek to address their differences, and in this spirit, I am confident that people can overcome the challenges facing them, and we hope that the political class will make the necessary sacrifices for the benefit of their society and country so that all Iraqis look united to a more future future." Shine".
https://www.radionawa.com/all-detail.aspx?jimare=30255
Dollar Exchange Rates Against The Dinar
Economie| 10:18 - 09/07/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Saturday, stability in the Iraqi Stock Exchange.
The selling prices of the dollar were 148,400 dinars per 100 dollars, while the purchase prices of the dollar were 148,300 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=198930
A Significant Increase In Iraq's Oil Exports To America During The Past Week
Economie| 12:07 - 09/07/2022 Follow-up - Mawazine News, the US Energy Information Administration announced that Iraq's oil exports to America rose during the past week, reaching an average of 362,000 barrels per day, to be the fourth largest oil exporter to America.
The administration said in a report, that "the average US imports of crude oil during the past week from nine countries amounted to 5.902 million barrels per day, an increase of 740 thousand barrels per day from the previous week, which amounted to 5.162 million barrels per day."
She added that "Iraq's oil exports to America amounted to an average of 362,000 barrels per day last week, up from the previous week, in which oil exports to America reached an average of 76,000 barrels per day, and to be the fourth largest oil exporter to America during the past week." Ended 29/N33
Al-Kazemi's Advisor Talks About (Promising Opportunities) To Achieve Reform Projects And Economic Progress
Economie| 02:18 - 09/07/2022 Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mustafa Al-Kazemi, outlined the stages of cooperation of the international community to help Iraq economically, while noting that the white paper is the product of this cooperation.
Saleh said, "International cooperation in assisting Iraq economically extends to the Madrid Donors Conference held in October 2003, in which the foreign ministers of 77 countries pledged to provide aid for the reconstruction of Iraq, with an amount exceeding 33 billion dollars to restore the infrastructure destroyed by wars and the siege." former economist.
In an interview with the official news agency, Mawazine News, Saleh added, "Many of these grants have been verified, but their financial effects were limited due to the mismanagement of the reconstruction operations at the time."
He pointed out that "the international community did not skimp on writing off more than $100 billion of debts owed by Iraq, which is Iraq's pre-1990 debt, under the Paris Club Agreement of 2004."
He continued, "The international community then continued to support Iraq, and this was embodied by the (Tokyo Declaration) by the Group of Seven major industrialized countries in their statement announced in May 2016, which supported Iraq financially and economically to confront its dual economic and security crisis at the time, and the Kuwait Conference for the Reconstruction of Iraq in The year 2018, which helped sustain UN aid to finance stabilization operations in the liberated areas after the victory over ISIS terrorism.
And he added: "During the double financial and health crisis that our country was subjected to in 2020, the international community felt Iraq's need for international aid to reform and reorganize the economy in order to achieve sustainable development and combat decline and corruption, so it was formed in London in the middle of the year 2020, what was called ( The Iraq Economic Contact Group (IECG) (composed of the World Bank, the International Monetary Fund, the European Union, and the Group of Seven major industrial countries).
He continued: "The aforementioned contact group expressed its willingness to support financial and economic reform projects in our country and to reorganize the financing, production and governance sectors, and the white paper was the result of that cooperation," he concluded by saying: "I see that Iraq has many serious and promising opportunities to benefit from the intentions of the international community." Positively towards achieving reform projects and economic progress in Iraq. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=198948
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