Finance Minister: The white paper seeks to fundamentally change the nature of the Iraqi economy
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Finance Minister: The white paper seeks to fundamentally change the nature of the Iraqi economy

2021-09-03 | 04:34
Finance Minister Ali Abdul-Amir Allawi confirmed that the white paper seeks to fundamentally change the nature of the Iraqi economy.
Allawi said in an article published by the Guardian newspaper, "Estimates indicate that poverty rates in Iraq doubled in 2020 due in large part to declining revenues Iraq We cannot allow the livelihoods of millions of families to continue to be dictated by the unpredictable fluctuations of the oil market.”
He explained that "correcting this will require policies and investments that enable oil and gas producing countries such as IraqFrom directing capital and labor to productive industries in the future and contribute to empowering and stimulating the role of the private sector. In fact, this was one of the main motives behind the economic reform white paper, which seeks to fundamentally change the nature of the Iraqi economy, allow the private sector to play a greater role, and reduce the dependence ofIraq on oil exports and a commitment to economic renewal focused on environmentally sound policies and technologies.
Allawi continued that "Iraq It can play an important role by taking advantage of the huge potential to produce and provide clean energy, as oil and gas production accounts for up to 40% of the total greenhouse gas emissions and the continuous burning of natural gas in oil wells, which necessitates our commitment to reduce gas flaring and investing it,” stressing that “increasing energy efficiency will have other benefits as well, and this means that we will not need to spend huge amounts to increase the general level of electricity provision, and that the deficit IraqProviding enough electricity to meet demand has cost the country nearly $120 billion over the past seven years.”
He pointed out that “increasing energy efficiency will allow for job creation in areas such as building and maintaining energy-efficient green buildings, as a recently published International Energy Agency report showed. that for every $1 million invested in energy efficiency, up to 30 jobs are created, and that this is critical in a country likeIraq, which is witnessing large population increases that will need job opportunities in the future.
” He continued, “The worst potential solar sites are happening inIraq On up to 60% of direct energy from the sun, and that this percentage is higher than the best locations in Germany But nevertheless, the solar power plants it built Germany To date, it provides two and a half times more electricity to all oil, gas and hydroelectric plants operating in Iraqcombined.
” And he noted “and let him be able toIraq To move towards clean energy, it needs the financial resources, expertise and policies that will transform its economy in an equitable and affordable manner, and this requires international support. Otherwise, heading towards net zero carbon dioxide emissions by 2050 will be a distant dream.”
LINK
RamblerNash- GURU HUNTER
- Posts : 24064
Join date : 2015-02-19

» Finance Minister: The white paper was launched to correct distortions in the Iraqi economy
» The Minister of Finance confirms from Doha the importance of the white paper to restore balance to the Iraqi economy
» Economy News publishes the white paper
» Does the "white paper" stop the collapse of the Iraqi economy?
» Ziad Khalaf: The white paper clearly illustrated the roots of the structural problems in the Iraqi economy
» The Minister of Finance confirms from Doha the importance of the white paper to restore balance to the Iraqi economy
» Economy News publishes the white paper
» Does the "white paper" stop the collapse of the Iraqi economy?
» Ziad Khalaf: The white paper clearly illustrated the roots of the structural problems in the Iraqi economy
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad
» CBI sold +3$ billion in forex in May
» Finance agrees with the World Bank to help Iraq by activating the General Authority for Taxes
» Central Bank Governor: The Iraqi banking sector is witnessing development and openness to the outside
» The Central Bank prevents Visa and Master card holders from giving them to any party