Iraqi News Monday AM 5-10-21
Iraqi News Monday AM 5-10-21
TLM724 Administrator BondLady’s Corner
The World Bank: The White Paper Is Needed By Any Country That Is Going Through The Circumstances Of Iraq Now
Time: 05/09/2021 19:02:51 Read: 5,733 times {Economist: Al Furat News} The regional representative of the World Bank in Baghdad, Ramzi Numan, said that the "white" reforms proposed by the Iraqi government are needed by any country going through similar conditions to the country now.
A statement of the Ministry of Labor and Social Affairs, a copy of which was received by Al Furat News Agency, stated that “The Undersecretary of the Ministry of Labor and Social Affairs Abeer Mahdi Chalabi held an expanded meeting with Numan and his accompanying delegation today, Sunday, to discuss ways of joint cooperation in the field of supporting the government reform program.”
The meeting was attended by members of the ministerial team formed to implement the Cabinet’s directives to start implementing the projects that fall under the responsibility of the Ministry of Labor within the government reforms program for the year 2021. Chalabi stressed “the importance of starting practical steps to implement real reforms away from the theoretical side, by giving time limits for procedures and mechanisms.
"Their implementation, and ensuring that the ministerial team submits monthly reports to the Supreme Committee for Reform, which includes all its activities in this field, as well as proposals that support reform steps and the most important obstacles and difficulties that can prevent this."
Chalabi also called for "cooperation with civil society organizations and benefiting from their experiences, as well as the correct investment of international grants to support many segments of society, including the displaced, poor families and youth seeking work by relying on decent work according to what the labor market requires in terms of finding suitable job opportunities without accreditation." Completely over the public sector. "
She indicated, "The importance of the reform plan to include returning vocational training centers from the governorates to the ministry, directed to establish a table that includes the number of centers, their needs and the requirements required to enhance their activities."
For his part, the representative of the World Bank affirmed "the complete readiness to provide full support for all the reform steps of the ministry," noting that "the reform paper includes proposals similar to the proposals of the International Monetary Fund, but it is recent in terms of compilation and formulation," indicating that "any country is going through the circumstances it has passed Iraq at the present time needs such reforms, adding that the reforms paper will be feasible in the event that all parties concerned come together to implement them. LINK
In Today's Auction ... The Central Bank's Hard Currency Sales Are On The Rise
Economie| 01:41 - 10/05/2021 BAGHDAD - Mawazine News The Central Bank of Iraq sales of hard currency recorded a new high of 184 million dollars, on Monday.
The sales of the Central Bank of Iraq, during its auction for the sale and purchase of foreign currencies today, increased by 6.36%, to reach 184 million and 427 thousand and 869 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 136 million and 827 thousand and 869 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 47 million and 600 thousand dollars went in cash.
31 banks responded to requests to enhance assets abroad, 20 banks to fulfill cash requests, and 28 participating exchange companies. https://www.mawazin.net/Details.aspx?jimare=152774
The rise in oil prices and Brent is close to the barrier of $ 69 a barrel
Economie - 10/05/2021 Follow-up - Mawazine News: Crude oil prices recorded, on Monday, a noticeable increase after a major cyber attack that caused the closure of important fuel supply pipelines in the United States. Brent crude rose 57 cents, equivalent to 0.8 percent, to reach $ 68.85 a barrel.
U.S. West Texas Intermediate crude futures rose 51 cents, or 0.8 percent, to $ 65.41 a barrel. Ended
https://www.mawazin.net/Details.aspx?jimare=152767
Today ... A Slight Decline In The Exchange Rates Of The Dollar In The Local Market
Economie| 11:13 - 10/05/2021 BAGHDAD - Mawazine News The exchange rates of the dollar recorded, on Monday, a slight decline in the main stock exchange and local markets in the capital, Baghdad.
The exchange rate of the dollar on the Al-Kifah Central Stock Exchange in Baghdad was 148,200 dinars, for each $ 100 bill.
The prices of buying and selling dollars in exchange offices and local markets in Baghdad have fallen, as the selling price reached 148,750 dinars, for each $ 100 bill, while the purchase prices reached 147,750 dinars per 100 dollar bill. On Sunday, the Central Kifah Stock Exchange registered 148,500 dinars for each $ 100 bill. https://www.mawazin.net/Details.aspx?jimare=152757
Al-Attar Stresses The Need To Launch Direct Economic Support Packages
Economie| 11:55 - 10/05/2021 Baghdad - Mawazine News, a member of the Iraqi Economic Council, Ghadeer Al-Attar, called on the government to launch direct economic support packages.
Al-Attar said in a statement that Mawazine News received a copy of, that "there is an urgent need to hold an economic reconciliation between the Iraqi government and the private sector, in order to solve all problems and get rid of obstacles through the formation of a tripartite committee from the executive, legislative and private sectors."
He added, "It is for that committee to study the defects and submit its recommendations to the Council of Ministers to take decisions regarding them."
A member of the Economic Council indicated that "the committee should review draft economic laws and look into old legislation." https://www.mawazin.net/Details.aspx?jimare=152764
An economist stresses the need to place low-performing government units under the commandments of the Ministry of Finance
Monday 10, May 2021 09:54 | Economical Views: 369 Baghdad / NINA / Economic expert Safwan Qusay stressed the need to place many low-performing government units under direct tutelage and to form specialized teams of professional cadres under the supervision of the Federal Office of Financial Supervision to advance them.
Qusay said in a statement to the Iraqi National News Agency / NINA / that: In order to advance the reality of many government units, it has become necessary to place many of them under direct tutelage and to form specialized teams of professional cadres under the supervision of the Federal Office of Financial Supervision to advance them through rehabilitation or through Solving it because reality indicates the reluctance of many government units to carry out their activities accurately, and we believe that this approach can be based on the criteria for evaluating government performance approved by the Iraqi parliament. "
He added, "Diagnosing the problem is not sufficient without solutions, including placing these units under the tutelage of the Ministry of Finance and assigning specialized professional teams to improve the performance of these units because continuing with the same cadres and departments will not lead to a solution."
The economic expert affirmed, "The economic advancement now requires harsh government decisions that include referring all those who obstructed the government effort to the judiciary and recovering the money that was spent without achieving its purpose. " https://ninanews.com/Website/News/Details?key=903737
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