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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction

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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Iraq discusses with the World Bank its role in supporting economic growth and reconstruction

Post by claud39 on Fri Apr 12, 2019 10:22 am

[size=36]Iraq discusses with the World Bank its role in supporting economic growth and reconstruction[/size]






12/04/2019








Iraq discusses with the World Bank its role in supporting economic growth and reconstruction 131242019_e9f6a8ff-90d9-483b-a082-93af08d2a393







BAGHDAD (Reuters) - 

Deputy Prime Minister Fouad Hussein on Friday discussed with World Bank officials the role of the latter in supporting the Iraqi government's plans for human development, sustainable economic growth and reconstruction of Iraq. 
"The Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein arrives in the US capital of Washington to attend World Bank meetings and will discuss future cooperation between Iraq and the World Bank in light of the priorities and needs of the Iraqi government," a statement from Hussein's office said. . 
"He met with World Bank Group President David Malabas and discussed with him the Bank's role in supporting the Iraqi government's plans for human development, sustained economic growth and reconstruction of a post-Saddam Iraq, as well as exchanging ideas and views on the development and revitalization of the public and private economic sectors and reducing poverty, .
The Deputy Prime Minister and the accompanying delegation, which includes the Minister of Health and a number of Directors General, will hold several meetings with the directors of the Bank and the Member States. 
It is worth noting that the World Bank has 189 member states, including Iraq, which he joined in 1945. He ended 29 / h





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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Ministerial delegation discusses with the World Bank the support of the Government and the development of the country's economy

Post by claud39 on Fri Apr 12, 2019 10:25 am

Ministerial delegation discusses with the World Bank the support of the Government and the development of the country's economy


Friday, 12 April 2019



Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Irq_1285453005_1555077568



BAGHDAD - Finance Minister Fuad Hussein arrived in Washington on Friday to attend the World Bank meetings and discuss future cooperation between Iraq and the World Bank in light of the priorities and needs of the Iraqi government. The Minister of Finance met with David Malabas, President of the World Bank Group, and discussed with him the Bank's role in supporting the Iraqi government's plans for human development, sustainable economic growth and reconstruction of a post-Saddam Iraq, as well as exchanging ideas and views on development and revitalization. Public and private economic sectors and poverty reduction ". The World Bank has 189 member states, including Iraq, which it joined in 1945. The Deputy Prime Minister and the accompanying delegation, which includes the Minister of Health and a number of Directors General, will hold several meetings with the directors of the Bank and the Member States.



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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Iraq's Economic Update - April 2019

Post by claud39 on Fri Apr 12, 2019 1:28 pm

[size=44]Iraq's Economic Update - April 2019[/size]



APRIL 1, 2019




Iraq discusses with the World Bank its role in supporting economic growth and reconstruction View_Baghdad_Iraq







Iraq’s economy is gradually picking up following the deep economic strains of the last four years. Real GDP is estimated to have grown by 0.6 percent in 2018, thanks to a notable improvement in security conditions and higher oil prices, reversing the contraction of 1.7 percent seen in 2017. The non-oil economy picked up speed and grew at 4 percent, while oil production was slightly less than 2017 in line with the OPEC+ agreement. Recently, the Iraqi economy has received a boost of confidence with the signing of several trade agreements with its neighbors. Reconstruction efforts have been proceeding at a moderate pace. Inflation remained low at 0.4 percent in 2018, but slightly up from 2017, due to higher domestic demand in addition to rising food and transportation costs.
The economic outlook has improved due to higher oil prices and improving security situation, but constraints on capital spending will impede a recovery-driven growth acceleration. Growth is expected to spike to 8.1 percent in 2020 due mainly to higher oil output, with OPEC+ agreement coming to an end in mid- 2019.
Non-oil growth is expected to remain positive on the back of higher investment needed to rebuild the country's damaged infrastructure network, private consumption and investment. However, the recently approved 2019 budget presents a sizable increase in recurrent spending, and unless there is a significant reorientation in fiscal policy to a comprehensive recovery approach, there will be limited fiscal space to sustain post-war recovery and longer-term development.
Higher spending together with easing oil prices will result in a high fiscal deficit projected at 5.4 percent of GDP in 2019 before narrowing down to about 3 percent throughout 2020-2021.
Lower oil prices and increased imports will cause the current account balance to turn into deficit, financed partially by international reserves decumulation.
Iraq's Economic Update - April 2019

http://pubdocs.worldbank.org/en/300251553672479193/Iraq-MEU-April-2019-Eng.pdf


http://www.worldbank.org/en/country/iraq/publication/economic-update-april-2019
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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Minister of Finance discusses with the World Bank support the government's plans for reconstruction and development

Post by claud39 on Sat Apr 13, 2019 8:04 am

Minister of Finance discusses with the World Bank support the government's plans for reconstruction and development




Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Doc-P-197772-636906842344133401



BAGHDAD (Reuters) - 

Finance Minister Fouad Hussein arrived in Washington on Friday for the World Bank's meetings and will discuss future cooperation between Iraq and the World Bank in light of the priorities and needs of the Iraqi government.



"The minister met with World Bank Group President David Malabas and discussed with him the Bank's role in supporting the Iraqi government's plans for human development, sustained economic growth and reconstruction of a post-Saddam Iraq, as well as exchanging ideas and views on the development and revitalization of the sector," the Ministry of Finance said in a statement. Economic and private and poverty reduction ". 

The World Bank has 189 member states, including Iraq, which it joined in 1945. 

The Deputy Prime Minister and the accompanying delegation, which includes the Minister of Health and a number of Directors General, will hold several meetings with the Bank's executive directors and member states.





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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Deputy Prime Minister for Economic Affairs and Minister of Finance Mr. Fuad Hussein participates in Washington Spring Meetings of the World Bank

Post by claud39 on Sun Apr 14, 2019 7:10 am

Deputy Prime Minister for Economic Affairs and Minister of Finance Mr. Fuad Hussein participates in Washington Spring Meetings of the World Bank






Sunday 14 April 2019









 Iraq discusses with the World Bank its role in supporting economic growth and reconstruction IMG-20190414-WA0102





On the sidelines of the World Bank meetings in Washington , the Deputy Prime Minister forEconomic Affairs and Finance Minister Mr. Fouad Hussein and his accompanying delegation , a series of bilateral meetings with a number of ministers and officials of thefinancial and economic circles in various countries.

 


Iraq discusses with the World Bank its role in supporting economic growth and reconstruction IMG-20190414-WA0097
[size]



[rtl]Deputy Prime Minister for Economic Affairs, Mr. Fouad Hussein, met with US Treasury
 Secretary Stephen Nochen and reviewed with him the latest developments on the political and economic arenas and means of enhancing bilateral relations between Iraq and the United States.




Iraq discusses with the World Bank its role in supporting economic growth and reconstruction IMG-20190414-WA0095


[/rtl]


[rtl]Minister of Finance and Treasury of the Republic of Turkey, Dr. Nayef Al-Hajraf, Minister of Finance of the State of Kuwait, and Piotr Noak, Minister of State of the Polish Ministry of Finance, also met separately with them to discuss bilateral relations and means of developing trade exchange between the two countries.[/rtl]

[rtl]Norbert Barthill, Minister of Cooperation of the German Ministry of Economic Cooperation and Development, also discussed with him the efforts to provide services, reconstruction and repair of cities destroyed by military operations after the expulsion of the so-called Islamic State Organization. As well as training needs and capacity development in Iraqi government institutions.




 Iraq discusses with the World Bank its role in supporting economic growth and reconstruction IMG-20190414-WA0085

[/rtl]


[rtl]The Deputy Prime Minister stressed the commitment of Iraq to fighting corruption, providing services and providing job opportunities by activating the role of the private sector and the possible support provided by the UK government to Iraq to achieve the priorities of the Iraqi government included in the government program.[/rtl]

[rtl]The meetings were attended by the Ambassador of Iraq in Washington Dr. Farid Yassin and a number of Directors General of the Ministry of Finance.[/rtl]








[rtl]http://www.mof.gov.iq/Pages/MOFBannerHeadlineDetail.aspx?BannerNewsID=653
[/rtl]

[/size]
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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Iraq participates in the consultative meeting of finance ministers of countries on the sidelines of World Bank meetings

Post by claud39 on Sun Apr 14, 2019 7:21 am

Iraq participates in the consultative meeting of finance ministers of countries on the sidelines of World Bank meetings



Sunday, April 14, 2019

Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Irq_636844430_1555237772




BAGHDAD - The Ministry of Finance announced on Sunday the participation of Iraq in the consultative meeting of finance ministers of countries on the sidelines of World Bank meetings. The ministry said in a statement that "Deputy Prime Minister for Economic Affairs and Minister of Finance Fouad Hussein and his accompanying delegation participated on the sidelines of the meetings of the World Bank in Washington, the consultative meeting at the ministerial level in the presence of Ministers of Finance and Treasury in Saudi Arabia, Kuwait, Jordan, Yemen, The International Finance Corporation ( IFC ), the International Finance Corporation ( IFC ) and the Multilateral Investment Guarantee Agency ( MIGA). "It is hoped that this strategy will support refugees and displaced people, contribute to the fight against poverty, support the role of the private sector and combat corruption as a form of community violence," she said. "The Deputy Prime Minister for Economic Affairs talked about the Iraqi government's plans to combat corruption, poverty and reconstruction efforts of the affected areas and the development of the private sector. He also touched on the issue of efforts to restore displaced persons and refugees and obstacles to these efforts." Finished 


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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Fouad Hussain participates in Washington Annual Spring Meetings

Post by claud39 on Sun Apr 14, 2019 9:04 am

[size=30]Fouad Hussain participates in Washington Annual Spring Meetings[/size]




14/04/2019 







Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Thumbnail.php?file=402821Image1_680821363










Deputy Prime Minister for Economic Affairs and Minister of Finance Fouad Hussein and his accompanying delegation on Sunday attended the World Bank Group's spring meeting in Washington, DC. The Deputy Prime Minister for Economic Affairs talked about the Iraqi government's program and its priorities, which are combating corruption and poverty, providing basic services, rebuilding the affected areas, activating the economy, role of the private sector and developing capacities. He also talked about the reconstruction fund of Iraq and the Fund's programs in providing services and infrastructure for liberated cities. Mr. Fouad Hussein, the countries that contributed and supported Iraq in its war against terrorist organizations as well as in the reconstruction efforts. He also touched on the issue of the efforts of the return of displaced persons and the obstacles that impede those efforts and how to overcome the return of the Palestinians. Which have been displaced to their areas after security stability by the expulsion of gangs calling for the terrorist.
The meeting was attended by the Governor of the Central Bank of Iraq, Dr. Ali Alaq and the Ambassador of Iraq in Washington, Dr. Farid Yassin and a number of Directors General of the Ministry of Finance.





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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Iraq participates in the consultative meeting of finance ministers of countries on the sidelines of World Bank meetings

Post by claud39 on Sun Apr 14, 2019 1:39 pm

Iraq participates in the consultative meeting of finance ministers of countries on the sidelines of World Bank meetings




Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Doc-P-197979-636908444111103801





BAGHDAD / 

The Ministry of Finance announced on Sunday the participation of Iraq in the consultative meeting of finance ministers of countries on the sidelines of World Bank meetings. 

"The Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein and his accompanying delegation participated in the meeting of the World Bank in Washington, the ministerial consultation meeting in the presence of the Ministers of Finance and Treasury in Saudi Arabia and the State of Kuwait," the ministry said in a statement. The Hashemite Kingdom of Jordan, Yemen, Libya, the International Monetary Fund (IMF), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).



"It is hoped that this strategy will support refugees and displaced people, contribute to the fight against poverty, support the role of the private sector and combat corruption as a form of community violence," she said. 

"The Deputy Prime Minister for Economic Affairs talked about the Iraqi government's plans to combat corruption, poverty and reconstruction efforts of the affected areas and the development of the private sector. He also touched on the issue of efforts to restore displaced persons and refugees and obstacles to these efforts."




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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income

Post by claud39 on Mon Apr 15, 2019 7:42 am

 Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income


04/15/2019





Iraq discusses with the World Bank its role in supporting economic growth and reconstruction 14513





Economy News _ Baghdad

The Prime Minister for Economic Affairs and Finance Minister Fouad Hussein on Monday, the government adopted a new policy in the revitalization of the economy and diversification of sources of income. 
"The latter met on the sidelines of the World Bank meetings in Washington with the Deputy Managing Director of the International Monetary Fund (IMF), Mitsuhiro Furosawa, and invited him to visit Iraq and open a fund office to promote joint cooperation," a statement from Fouad Hussein's office said. 
"The finance minister explained the latest developments on the political and economic fronts in Iraq and the government's efforts through its ambitious program to restore stability and reconstruction of the liberated areas of terrorist organizations and the government's adoption of a new policy to stimulate the economy and diversify sources of income," he added. 
The statement said that "the meeting was also attended by the governor of the Central Bank of Iraq Ali Alalak."



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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Re: Iraq discusses with the World Bank its role in supporting economic growth and reconstruction

Post by claud39 on Mon Apr 15, 2019 9:18 am

Deputy Prime Minister for Economic Affairs and Minister of Finance Mr. Fouad Hussein attends the Ministerial Meeting of the Middle East and North Africa in the presence of the Director of the International Monetary Fund






Monday, 15 April 2019







 Iraq discusses with the World Bank its role in supporting economic growth and reconstruction ISGB3290


The Deputy Prime Minister for Economic Affairs, Finance Minister Fouad Hussein and his accompanying delegation attended the International Monetary Fund (IMF) meeting for the Middle East and North Africa in the presence of the Fund's Director Christine Lagarde. And it was discussed during the meeting the importance of using modern technology and digital means in transactions in order to reduce red tape and bureaucracy and eliminate corruption. They also  discussed how best to create jobs and rely on the young generation in the region and support them to take their active role in revitalizing the economies of the Middle East and North Africa. And Mr. Fuad Hussein , Deputy Prime Minister briefed about political developments in Iraq and the Platform for the new government and focus on reforms and the provision of services and reconstruction efforts. And the meeting was attended by Iraq 's ambassador in Washington , Dr. Farid Yassin and a number of general managers .








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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Deputy Prime Minister for Economic Affairs The Minister of Finance meets with Mr. Mitsuhiro Furosawa, Deputy Managing Director of the International Monetary Fund

Post by claud39 on Mon Apr 15, 2019 9:19 am

Deputy Prime Minister for Economic Affairs The Minister of Finance meets with Mr. Mitsuhiro Furosawa, Deputy Managing Director of the International Monetary Fund




Monday, 15 April 2019







Iraq discusses with the World Bank its role in supporting economic growth and reconstruction HZXV4602


Deputy Prime Minister for Economic Affairs and Minister of Finance Mr. Fouad Hussein met on the sidelines of the World Bank meetings in Washington Mr. Mitsuhiro Furosawa, Deputy Managing Director of the International Monetary Fund. And Deputy Prime Minister extended an invitation to Mr. Vorosawa to visit Iraq and the opening of the Office of the Fund in order to enhance mutual cooperation. And Vice - President of the burden presented DONC affairs Alaqsadah an explanation on the latest developments on the political and economic arenas in Iraq and the efforts of the government through righteousness Mjha ambition to restore stability and reconstruction of the areas liberated from the occupation of the organizations Daesh terrorist as well as the adoption of the government for a new policy to stimulate the economy and diversify sources of income . And attended by the Governor of the Central Bank of Iraq, Mr. Ali Alalak.







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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction Empty Statement from IMF Mission on Iraq

Post by claud39 on Mon Apr 15, 2019 11:14 pm

Statement from IMF Mission on Iraq

22nd November 2017





Statement from IMF Mission on Iraq


22nd November 2017 in Iraq Banking & Finance NewsPolitics



The Iraqi authorities and the staff of the International Monetary Fund (IMF) continued discussions in Amman from November 17 to 21, 2017 on the third review of Iraq’s 36-month Stand-By Arrangement (SBA).
The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321), and completed the second review on August 1, 2017 (See Press Release No. 17/311).
At the end of the mission, Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:
The Iraqi authorities and IMF staff continued discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA.
“During the discussions, the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Acting Deputy Minister of Finance, Dr. Maher Johan, Deputy Minister of Planning, Dr. Qasim Enaya, Financial Adviser to the Prime Minister, Dr. Mudher Saleh, Chairman of the Board of Supreme Audit, and officials from the ministry of finance, CBI and the ministry of oil. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
(Source: IMF)



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