Zig’s Place Chat Room Discussion and News Mon PM 3-1-21
Zig’s Place Chat Room Discussion and News Mon PM 3-1-21
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Butterfly The Prime Ministers of Iraq and Kurdistan commends the approval of the Yazidi Survivors law
butterfly 2021-03-01 15:20 Shafaq News/ The Prime Minister of Iraq, Mustafa Al-Kadhimi, and the Prime Minister of Kurdistan Region, Masrour Barzani, praised the approval of the Yazidi Female Survivors' law in the Iraqi Parliament today, Monday.
PM Al-Kadhimi tweeted, "The ratification of the Yezidi Female Survivors law is a vital step towards justice and equal citizenship," he continued, "The Iraqi Government is keen on implementing the law, provide a dignified living for all female survivors, work on freeing those in captivity, and support liberated areas."
In the same context, the Prime Minister of Kurdistan Region, Masrour Barzani, expressed gratitude to all political blocs for the approval of the law in the Iraqi Parliament, deeming it as a step to compensate the Yazidis and restore their trust.
Barzani demanded, in a statement received by Shafaq News Agency, the expedition of the implementation of the law's items to ease the suffers from the survivors and their families.
The Head of KRG reiterated his call for committing to the Sinjar agreement to reconstruct the district and allow a safe return for its citizens.
Barzani added that the Liberating Yazidi abductees' office has been able to free 3545 Yazidis, stressing that the work is underway to reveal the fate of 2768 still missing Yazidis.
butterfly Tomorrow: A Parliamentary meeting to settle the budget and the Federal Court laws
https://shafaq.com/en/Iraq-News/Tomorrow-A-Parliamentary-meeting-to-settle-the-budget-and-the-Federal-Court-laws
butterfly 2021-03-01 11:44 Shafaq News / The Iraqi Parliament Speaker, Muhammad al-Halbousi, announced that a meeting between the Presidency of the Council of Representatives and the heads of political forces will be held tomorrow.
The Parliament's Media Department said in a statement that the meeting will discuss several laws, including the budget bill and the Federal Court law.
The budget bill is still pending in the council of Representatives despite discussing its articles more than two months ago, as the Kurdistan Region's share represents the most prominent obstacle, in addition to the objection of some political blocs to the decision to raise the dollar exchange rate.
butterfly Kurdistan requests mandatory COVID-19 PCR's for arrivals from Iraqi governorates
https://shafaq.com/en/Kurdistan/Kurdistan-requests-mandatory-COVID-19-PCR-s-for-arrivals-from-Iraqi-governorates
butterfly 2021-03-01 09:19 Shafaq News/ COVID-19 Special Committee in Kurdistan issued today, Monday, a new order that binds all people arriving in Kurdistan from Iraqi governorates to present a PCR test.
Information received by Shafaq News Agency said that the committee would not impose a partial or total lockdown as in Iraqi governorates and schools will remain open with strict preventive measures.
The authorities are considering requiring, according to the leaks, a negative PCR test on checkpoints between Kurdistan and Iraq from the arrivals in the region.
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butterfly A brawl between Sunni blocs in the Iraqi Parliament 2021-03-01 10:16
https://shafaq.com/en/Iraq-News/A-brawl-between-Sunni-blocs-in-the-Iraqi-Parliament
Shafaq News/ Iraqi Parliament descended into chaos as rival political groups flung fists and swear in a brawl that suspended the session.
Shafaq News Agency correspondent said that the Sunni MPs from al-Taqaddom party clashed with their fellows from Ahmad al-Jubouri's bloc.
The skirmishes revolved around settling scores over political issues unrelated to the session's agenda, our correspondent said.
butterfly Raba'allah threatens Sheikh Ali with a "heart and earth-shattering" response
2021-03-01 14:32 Shafaq News / Raba'allah group threatened to attack the house and offices of the Iraqi MP, Faiq Al-Sheikh Ali, and the headquarters and offices of the Saudi "MBC" channel, against the background of the latter's recent statements in which he described Abu Mahdi Al-Muhandis, Hadi Al-Ameri, and Nuri Al-Maliki as "traitors".
The "Rab'allah", an unknown group believed to be linked to the factions close to Iran, posted on its Telegram website, "Currently, the targets are being precisely determined, and the response will be harsh and earth-shattering".
The group referred to "the offices of the Saudi 'MBC' channel in Baghdad and the governorates, and all the headquarters of the Fa'iq Daaboul's party and his home in Najaf and Baghdad."
Sheikh Ali responded in a strongly worded tweet challenging the armed group and threatening to reveal shocking information.
In a televised interview with MBC, Sheikh Ali said, "Abu Mahdi al-Muhandis, Hadi al-Ameri, and Nuri al-Maliki are traitors to Iraq because they fought with Iran against Iraq in the Iraq-Iran war in the eighties of the last century."
The "Rab'allah" group had previously stormed media and partisan offices in Baghdad, setting them ablaze before the eyes of the security forces that did not respond or arrest any of them so far.
butterfly 010320212 Overnight curfew imposed on Kurdistan Region ‘public places’ due to COVID-19 spread: KRG spox https://www.rudaw.net/english/kurdistan/
butterfly ERBIL, Kurdistan Region — An overnight six-hour curfew will be imposed daily on “public places” in the Kurdistan Region to prevent the spread of coronavirus starting from Tuesday at midnight, according to the government's top spokesperson. This comes as a new variant of the virus rapidly spreads across the Region.
“All public places, including all types, will be closed between 12-6am,” the Kurdistan Regional Government’s (KRG) spokesperson Jotiar Adil told reporters late Monday, adding that traffic between the Region and the rest of Iraq will be banned between Thursdays and Saturdays.
The KRG had previously limited the entrance of tourists from other parts of Iraq, where new variants initially appeared. The Iraqi government has also imposed a daily nighttime curfew - from 8 pm to 6 am - to curb the spread of the virus.
The new decisions by the KRG came after the coronavirus-related top crisis cell held its periodic meeting. It had previously decided to reopen schools in early February. Adil said that schools will remain open “on the condition of making the [health] measures more strict.”
The new decisions will be reviewed on March 10.
The Kurdistan Region on Monday recorded 197 new cases of coronavirus, as well as two deaths, according to the health ministry. The Region has recorded 109,151 cases, including 103,625 recoveries and 3,521 deaths, since the recording of the first case exactly one year ago.
Aso Hawezy, spokesperson for the health ministry, said on Monday that around 10 percent of coronavirus cases now being recorded in the Kurdistan Region are from people studying or working at schools.
cian https://economy-news.net/content.php?id=24286
International Monetary Fund: Iraq is capable of achieving comprehensive development
Logo of the International Monetary Fund
Dialogues Economy News – Baghdad The International Monetary Fund described the government's orientations to reform the national economy as the task, and affirmed that Iraq is able to achieve comprehensive development, provided that medium and long strategic plans are prepared.
This came in a press interview conducted by the official Al-Sabah newspaper and reviewed by Al-Iktissad News with the representative of the Monetary Fund. International in Iraq, Ghazi Shbeikat.
Below is the text of the interview:
* How does the International Monetary Fund view the Iraqi economy and how is it affected by the Corona pandemic?
- The Iraqi economy suffers from deep structural imbalances and distortions due to the crises it has been exposed to during the past four decades and unsupportive economic policies.
The Iraqi economy has suffered from the ravages of wars, geopolitical risks in the region and instability at the local level, in addition to economic mismanagement, the economy has suffered.
There are still imbalances in public finances (the increase in the salary bill), production, the labor market (crowding out of the private sector), the weakness of the external sector and dependence on oil,
in addition to that, corruption and mismanagement have played a hindering role in the progress and advancement of the Iraqi economy, and the repercussions of the pandemic have recently exacerbated - 19)
And the sharp decline in oil revenues from these imbalances, which exposed the Iraqi economy to one of the worst economic crises it has gone through.
At a time when the government needed to increase spending to face the repercussions of the pandemic between health spending and support for sectors affected by closures and trade restrictions, it was There has been a significant decline in state resources, which b
cian At a time when the government needed to increase spending to face the repercussions of the pandemic between health spending and support for sectors affected by closures and trade restrictions, it was There has been a significant decline in state resources, which barely covered the salary and retirement bill in the first months of 2020.
And there was a decline in economic activity between A decline of 8 percent in the non-oil sector, while the oil sector declined by 11 percent due to production cuts in compliance with the OPEC + agreement.
The budget deficit increased to 20 percent and the external sector deficit increased to 15 percent of GDP. Financing these deficits significantly increased the debt ratio and decreased foreign exchange reserves.
* What are the best methods of achieving the economic advancement of Iraq?
- The Iraqi economy should not continue to depend on oil as the only source of public financial revenues and the balance of payments,
and here we emphasize the importance of diversifying the Iraqi economy and paying attention to production and clearing the way for the private sector, to take the initiative in leading the economy towards exports and achieving economic growth,
and of course, this requires adopting Prudent policies and strategies in the fields of education, health, communications and technology, for example,
in addition to that, the social protection network needs to be strengthened to protect the most vulnerable, and in order for the government to carry out its developmental tasks, financial space must be created, and this requires controlling operational expenditures, Especially the salary and retirement bill, through reforms in the civil service system and the pension system, as well as reforms in the electricity sector, which constitutes a great burden on the state's resources.
* What are the most important ways to overcome the trend towards borrowing?
There is local and external borrowing.
cian * What are the most important ways to overcome the trend towards borrowing?
There is local and external borrowing.
It is natural for countries to borrow locally or abroad to finance some projects,
but the important thing is to take into account the ability to pay in terms of the size of borrowing, its costs and its importance to the economy, so the state should not borrow to finance salaries and consumption expenditures, but rather there must be investment projects that generate income for the state that enhance its public finances It is able to pay its external obligations,
and to overcome borrowing, it is necessary to reduce public deficits and to exploit the recovery periods of the oil market to build oil surpluses that can be used in times of declining prices, and this avoids borrowing and at the same time reduces the economic fluctuations that prevailed in Iraq as a result of linking government spending. Oil prices.
Oil exporters also tend to provide oil revenues for future generations, in addition to providing basic needs (most oil exporters have sovereign wealth funds).
* How does the fund view the government's actions to devalue the currency?
- The International Monetary Fund supports the devaluation of the Iraqi dinar, because it helps reduce external imbalances, preserves foreign reserves and strengthens public finances, as reducing the value of the dinar helps reduce the budget deficit and improves the trade balance by stimulating exports and restraining imports, and also helps to maintain a comfortable level of reserves
In addition, the reduction has reform effects on the labor market by affecting real incomes and stimulating the private sector, to take the initiative in directing the wheel of the economy.
Of course, the reduction in the exchange rate has social consequences that require mitigating them as much as possible. It is certain that reducing the value of the dinar will result in an increase in the general level of prices, especial
cian Of course, the reduction in the exchange rate has social consequences that require mitigating them as much as possible. It is certain that reducing the value of the dinar will result in an increase in the general level of prices, especially since imports in the consumer basket in Iraq constitute a high percentage, and here we stress the need to increase allocations to the social safety net and expand A database of the beneficiaries to ensure its adequate coverage and protection of the groups whose purchasing power has been affected by the reduction.
* What does Article 4 mean, and are there details about its content?
Article IV consultations are consultations and discussions on economic conditions and policy priorities that the fund conducts periodically (usually annually) with member states, and it is a requirement of Article IV of the IMF agreement that member states must abide by.
Accordingly, a team of IMF economists visits the member country to assess the economic and financial developments and discuss the economic and financial policies of the governments and central banks of the state, and the consultations most likely include meetings of parliamentarians, businessmen, trade unions and unions and civil society institutions, and the Fund conducted the last of these consultations at the end of 2020 and approved The Fund's Board of Directors, the experts' report in February of this year, and the report can be viewed through the link https://www.imf.org/en/Countries/IRQ .
* From the fund’s point of view to Iraq, is there a possibility of advancing industrial and agricultural production, and what is the fund advising?
There is always an opportunity for advancement in any country, provided that the fiscal conditions are controlled and prudent macroeconomic policies are followed that reduce waste, imbalance and mismanagement so as to clear the way for the private sector and small and medium enterprises to play their role.
cian The industrial and agricultural sectors in Iraq are among the vital sectors that must be given great importance and motivated by modern legislation, and to provide support and financing for them in order to enable them to play their role in production, export and employment.
Among other things, this requires improving the investment environment, strengthening the financial sector, providing adequate financing, enhancing infrastructure and accessing basic services such as electricity.
* Is there an Iraqi horizon to achieve comprehensive development?
Comprehensive development is a broad word that includes several medium and long-term strategies,
and Iraq can achieve this in the long term by implementing reforms in public finances and strengthening them, as well as diversifying the economy and not relying on oil as the only source of revenue,
and of course this requires reform policies and strategies in several In areas, including health, education, social protection, financial and banking sector, technology, communications, infrastructure, logistical services, etc., in addition to modernizing economic legislation, in order to attract foreign investment and contribute to the transfer of technology to Iraq, and there is no doubt that reforms take time, and their implementation does not It is done appropriately at times.
Nevertheless, it is of utmost importance to continue to introduce gradual improvements, so that citizens feel the positive effects of the reforms, thus helping to accept them.
Number of observations 55 Date of addendum 02/03/2021
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