Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Buy and Sell

The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector

Go down

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector Empty The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector

Post by claud39 on Sun Aug 04, 2019 6:33 am

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector




04/08/2019



 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector 16557







Economy News _ Baghdad



The International Monetary Fund urged the Iraqi government on Sunday to reduce subsidies on the electricity sector, and protect the poorest and least-income groups, while recommending the need for comprehensive reform of the banking sector.

The Central Bank said in a statement received by the "Economic News" a copy of it, "The Executive Board of the International Monetary Fund concluded the article IV with Iraq," noting that "the Council saw that the improvement in the Iraqi economy is encouraging, but acknowledged the serious challenges that still face the country "He said.

"Council directors have urged that we take advantage of improved security and higher oil prices to implement structural policies and reforms aimed at ensuring macroeconomic and financial stability and addressing long-standing social problems," he said.

"Building a strong framework for public finances is necessary to maintain fiscal and macroeconomic stability and to strengthen safety margins," the IMF said, adding that it supports "gradually increasing spending on reconstruction and development in parallel to improving absorptive capacity."

"The need for progressive fiscal control, including containment of current spending and increasing non-oil revenues to maintain fiscal sustainability and keep debt within sustainable limits," the IMF said, adding that "the increase in the wage bill and the reduction of subsidies to the electricity sector should be priorities in spending procedures." On protecting the poorest and least vulnerable groups from financial controls. "

The IMF called for "comprehensive reform of the banking sector in order to maintain financial stability, urging the authorities to restructure and strengthen the supervision of large state-owned banks and implement other reforms to increase financial intermediation activities."





claud39
claud39
VIP Member
VIP Member

Posts : 9298
Join date : 2018-11-04

View user profile

Back to top Go down

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector Empty The Executive Board of the International Monetary Fund concludes the Article IV consultations of 2019 with Iraq

Post by claud39 on Sun Aug 04, 2019 6:37 am

The Executive Board of the International Monetary Fund concludes the Article IV consultations of 2019 with Iraq




August 04, 2019





 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector Article-156490045636440








» The Executive Board of the International Monetary Fund concluded on July 19, 2019 Article IV consultations with Iraq ... Click here to view

https://cbi.iq/static/uploads/up/file-15649001264118.pdf







https://cbi.iq/news/view/1216
claud39
claud39
VIP Member
VIP Member

Posts : 9298
Join date : 2018-11-04

View user profile

Back to top Go down

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector Empty The International Monetary Fund is asking Iraq to cut spending on the electricity sector

Post by claud39 on Sun Aug 04, 2019 12:25 pm

[rtl]The International Monetary Fund is asking Iraq to cut spending on the electricity sector
[/rtl]


[rtl]4 August 2019[/rtl]

[rtl] The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector 368


The International Monetary Fund (IMF) has called on the Iraqi government to cut spending on the electric power sector as well as a comprehensive reform of the banking sector.
The [size=22]Central Bank of Iraq said in a statement on Sunday that the IMF "called for the opportunity to improve the security situation and the rise in oil prices to implement policies and structural reforms to ensure economic stability." 

The IMF stressed that "the implementation of the reduction of subsidies to the electricity sector, and it is a priority in controlling expenditure, and protect the poorest and least-income groups affected by financial controls."

The IMF also called on the Iraqi government "to undertake a comprehensive reform of the banking sector in order to maintain financial stability by restructuring and strengthening the control of large state-owned banks." 

The Iraqi government supports the electricity sector in the country, benefiting the various segments of society in the domestic and commercial categories.

On April 30, the Iraqi government signed a contract worth more than 14 billion euros with the German company Siemens to develop the country's electric power sector.
Iraq has witnessed a deficit in the energy sector during the past years, despite the possession of reserves of oil and gas, which contributed to fuel public anger, especially in the south, last year.
Iraq's parliament approved the $ 112 billion budget for 2019, based on expectations of exporting 3.88 million barrels of oil per day, up from $ 46 in 2018. The budget revenues were estimated at $ 88 billion.
On July 19, the Executive Board of the International Monetary Fund (IMF) concluded its Article IV consultations with Iraq, noting that current spending is expected to rise by 27 percent in 2019, year-on-year. 

Article IV of the IMF Agreement provides for bilateral discussions with member countries on public finances, strengths and weaknesses, and mechanisms for improving economic indicators.


(Anatolia, the new Arab)




https://www.alaraby.co.uk/economy/2019/8/4/%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%B7%D8%A7%D9%84%D8%A8-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A8%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D8%A5%D9%86%D9%81%D8%A7%D9%82-%D8%B9%D9%84%D9%89-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1
[/rtl][/size]
claud39
claud39
VIP Member
VIP Member

Posts : 9298
Join date : 2018-11-04

View user profile

Back to top Go down

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector Empty IMF calls on Iraq to cut subsidies on electricity sector and protect the poor

Post by claud39 on Sun Aug 04, 2019 12:31 pm

IMF calls on Iraq to cut subsidies on electricity sector and protect the poor



2019/08/04



 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector 105446





The International Monetary Fund (IMF) urged the Iraqi government on Sunday to cut subsidies on the electricity sector and protect the poorest and least income groups, while recommending the need for a comprehensive reform of the banking sector.


The Central Bank said in a statement received to the obelisk, "The Executive Board of the International Monetary Fund concluded consultations Article IV with Iraq," noting that "the Council felt that the improvement in the Iraqi economy is encouraging, but acknowledged the serious challenges still facing the country." 

He added, "Directors in the Council urged to seize the opportunity to improve the security situation and high oil prices to implement policies and structural reforms aimed at ensuring macroeconomic and financial stability and address long-standing social problems." 

"Building a strong fiscal framework is essential to maintain fiscal and macroeconomic stability and enhance safety margins," the IMF said, adding that it supported "a gradual increase in spending on reconstruction and development in parallel with improved absorptive capacity." 

Follow the obelisk







http://almasalah.com/ar/news/176005/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%AF%D8%B9%D9%88-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%89-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D8%AF%D8%B9%D9%85-%D8%B9%D9%86-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%88%D8%AD%D9%85%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%81%D9%82%D8%B1%D8%A7%D8%A1
claud39
claud39
VIP Member
VIP Member

Posts : 9298
Join date : 2018-11-04

View user profile

Back to top Go down

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector Empty IMF demands Iraq to apply reform package

Post by claud39 on Tue Aug 06, 2019 5:32 pm

IMF demands Iraq to apply reform package


Tuesday، 06 August 2019

 The International Monetary Fund urges the Iraqi government to cut subsidies on the electricity sector 8201966633208544165


The International Monetary Fund (IMF) has called on the Iraqi government to cut spending on the electric power sector, in addition to a comprehensive reform of the banking sector.

It also called Iraq to seize the opportunity to improve the security situation and high oil prices to implement structural policies and reforms to ensure the economic stability. 


IMF stressed the need to implement the reduction of subsidies to the electricity sector, considering it a priority in controlling expenditure, and protect the poorest and least-income groups from being affected by the financial controls.


 The IMF also requested the Iraqi government to undertake a comprehensive reform of the banking sector in order to maintain financial stability by restructuring and strengthening the control of large state-owned banks, and increasing the control on it.

The Iraqi government supports the electricity sector in the country, benefiting the various segments of society in the domestic and commercial categories. On April 30, the Iraqi government signed a contract worth more than 14 billion Euros with the German company “Siemens” to develop the electric power sector in the country.






https://www.thebaghdadpost.com/en/Story/43300/IMF-demands-Iraq-to-apply-reform-package?fbclid=IwAR0odKDxtvrx1mHix3JyCLkWBTmiR0lTrfnhHpJzwEFbO-XM_bcxEpMtrQw
claud39
claud39
VIP Member
VIP Member

Posts : 9298
Join date : 2018-11-04

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum