"Tidbits From TNT" Monday Morning 4-17-2023
TNT:
Tishwash: Parliamentarian: All parties are determined to approve the budget quickly
Doha Al-Qaiser, a member of the State of Law bloc, confirmed, on Monday, that there is a parliamentary determination to approve the financial budget "quickly."
In an interview with "Euphrates News" agency, which was followed by "Al-Iqtisad News", Al-Qaisar said, "There is a parliamentary determination from all parties to pass the budget law quickly."
And she continued, "Parliament left the second reading session of the law, open since the dawn hours, and will resume its work at 1 pm today to complete the rest of the paragraphs of the second reading of the budget after it was completed by the Finance Committee link
Tishwash: Iraq and Egypt are the fastest growing Arab economies in 2023, and inflation is expected to decrease
The International Monetary Fund expected, on Monday, that the Iraqi and Egyptian economies will achieve the highest growth in 2023.
A schedule of the fund, seen by Shafaq News agency, showed that "the gross domestic product of Iraq and Egypt is expected to grow by 3.7% during the year 2023 and they will achieve the highest economic growth among the Arab countries," noting that "the economic growth of Iraq will decrease in 2024 to 3.1%, While Egypt's economic growth will rise in the same year to 5%.
he fund added, "It is expected that" consumer prices in Iraq (inflation) will rise to 6.6% in 2023 from 5% in 2022, while they will decrease in 2024 to 1.6%.
He pointed out that "Iraq's current account is also expected to achieve 4.4%, down from 2022, which amounted to 11.6%," noting that it is expected to "achieve a deficit in 2024 of 2.5%."
What is meant by the current account of a country is the value of exports and imports of both goods and services and international transfers of capital. link
************
Tishwash: Iraq and the World Bank are discussing anti-money laundering measures and accelerating banking reforms
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met with the Iraqi delegation, the regional representative of the World Bank, Farid Belhaj, and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington.
The meeting dealt with, "discussing the reality of the Iraqi banking sector and enhancing the concept of financial inclusion in the country through special programs with international institutions, and the two parties also discussed the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating banking reforms for government banks, Government support for reform in this vital sector.
In turn, Al-Alaq stressed, "continuing to support the green economy and renewable energy through the clean energy initiative, represented by lending citizens to purchase solar energy systems and cooperating with government agencies to ensure the quality of the systems," calling for "technical support and benefiting from the expertise of the World Bank in expanding the Central Bank's initiative in Small business lending in light of the successful experiences of other countries.
Al-Alaq revealed "the creation of the Department of International Organizations and External Relations, which is linked to the Governor of the Central Bank to organize, strengthen and follow up relations, programs and memorandums of understanding with organizations and external parties."
In addition, the regional representative of the World Bank expressed his "cooperation to build the functional and technical capacities of the Central Bank's employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions link
************
Tishwash: The Governor of the Central Bank discusses with the regional representative of the World Bank and his executive team the reality of the Iraqi banking sector
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed today, Monday, with the regional representative of the World Bank and his executive team, the reality of the Iraqi banking sector.
The media office of the bank stated, in a statement, that "the governor of the Central Bank of Iraq met with the regional representative of the World Bank, Farid al-Hajj, and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington," and discussed with him the reality of the Iraqi banking sector and enhancing the concept of financial inclusion in the country through programs.
Especially with international institutions, and he explained that the two sides discussed the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating banking reforms for government banks, and government support for reform in this vital sector.
The governor stressed, according to the statement: "Continuing to support the green economy and renewable energy through the clean energy initiative, which is represented by lending citizens to purchase solar energy systems and cooperation with government agencies to ensure the quality of the systems," calling for "technical support and benefiting from the expertise of the World Bank in expanding the initiative of the Central Bank." In lending to small projects in light of the successful experiences of other countries.
He revealed "the creation of the International Organizations and External Relations Department, which is linked to the Governor of the Central Bank to organize, strengthen and follow up on relations, programs and memorandums of understanding with organizations and external parties."
For his part, the regional representative of the World Bank expressed his cooperation in building the functional and technical capabilities of the Central Bank employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions. link
Mot: ..... Ahah!!! -- This Splains it!!! ~~~~~
Mot: ..... Getting Ready fur the Final Arrival of Spring!! ~~~~
