The Minister of Planning signs a memorandum of understanding with the World Bank to support efforts to restore stability and reconstruction in liberated areas

by **claud39** Thu Apr 04, 2019 7:40 am

Here are 2 last news that I share today, and we see the beginning for the reconstruction, we only wait for the government to be completed, that's what delays everything !! have a lovely day everybody !!

Claud (Moose)

https://mop.gov.iq/activities_minister/view/details?id=555

The Minister of Planning signs a memorandum of understanding with the World Bank to support efforts to restore stability and reconstruction in liberated areas

2019-04-04

The Minister of Planning signs a memorandum of understanding with the World Bank to support efforts to restore stability and reconstruction in liberated areas 155436131023bd44c0ecad4c9b9a0d382f993d97fd--%D9%85%D9%85%D8%AB%D9%84_%D8%A7%D9%84%D8%A8%D9%86%D9%83_%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A

The Minister of Planning, Dr. Nouri Sabah al-Dulaimi, signed on Wednesday a memorandum of understanding with the World Bank to support the efforts to restore stability and reconstruction in liberated areas, signed by Saroj Kumar Jah, Director of the Mashreq Department at the World Bank.

Dr. Nouri al-Dulaimi said that this memorandum will contribute to support and increase the quality of the infrastructure projects funded by the Iraq Recovery and Reconstruction Fund, which is administered jointly by the World Bank and the Ministry of Planning, while appreciating all the efforts made by the international community to support Sustainable Development in Iraq.

For his part, praised the Director of the Department of Mashreq in the World Bank efforts of the Minister of Planning in providing the appropriate conditions to achieve this support, which is part of the outputs of the Kuwait Conference of donors, stressing not to spare any effort to contribute to the stabilization and reconstruction of Iraq.

The Minister of Planning signs a memorandum of understanding with the World Bank to support efforts to restore stability and reconstruction in liberated areas 155436131023bd44c0ecad4c9b9a0d382f993d97fd--%D9%85%D9%85%D8%AB%D9%84_%D8%A7%D9%84%D8%A8%D9%86%D9%83_%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A

https://mop.gov.iq/activities_minister/view/details?id=550

In the presence of representatives of the international community .. Planning Minister chairs a meeting to discuss efforts to restore stability and achieve development in the liberated areas

2019-04-02

The Minister of Planning signs a memorandum of understanding with the World Bank to support efforts to restore stability and reconstruction in liberated areas 1554213952cbdd50e61f8cb137338fa2dcb65abc1d--%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9_%D8%A7%D8%B9%D8%A7%D8%AF%D8%A9_%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1_%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9

Minister of Planning Dr. Nouri Sabah al-Dulaimi on Monday held an expanded meeting to discuss efforts to restore stability and achieve development in the liberated areas. The meeting was attended by Mr. John Wilkes, the British Ambassador, Dr. Cyril Nun, German Ambassador to Iraq, and Mr. Saroj Kumar Gha, A number of members of the World Bank mission and a representative of the British Development Agency.

During the meeting, which was attended by the technical agent of the Ministry of Planning and Director General of the Department of Sector Planning in the ministry, discussed ways to consolidate local and international efforts to restore stability and recovery and reconstruction of liberated areas, and translate the international pledges obtained by Iraq from the Kuwait Conference to memorandums of understanding to jointly finance projects in those areas, And the mechanisms for managing them by the United Nations and World Bank credit funds, in accordance with the priorities of the Iraqi Government's programs and the five-year development plan.
Dr. Nouri al-Dulaimi said during the meeting that one of the most important priorities of the Iraqi government is the rehabilitation of infrastructure and provision of services and employment opportunities, and strive to provide a safe environment that contributes to facilitating the voluntary return of displaced people, praising the efforts of the international community in the liberalization and restoration of the liberated areas, The vision of the Iraqi government depends on the basis of the overall aim to achieve comprehensive reform and development integration among all projects.
The British and German ambassadors expressed their appreciation for the efforts of the Iraqi government and people to defeat terrorism, praising the role of the Minister of Planning in formulating a successful development policy based on partnership with the international community, stressing their efforts to achieve more support for Iraq and enable it to restore stability, recovery and reconstruction.
The representative of the World Bank welcomed the level of cooperation with the Ministry of Planning, stressing the expression of this cooperation on the extent of Iraq's ability to make optimal use of international support in programs, plans and projects that contribute to the provision of services and provide more employment opportunities.

The Minister of Planning signs a memorandum of understanding with the World Bank to support efforts to restore stability and reconstruction in liberated areas 1554213952cbdd50e61f8cb137338fa2dcb65abc1d--%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9_%D8%A7%D8%B9%D8%A7%D8%AF%D8%A9_%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1_%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9

by **claud39** Thu Apr 04, 2019 2:57 pm

http://www.uabonline.org/en/news/arabicnews/15751604157616061603157516041583160816041610161015/62385/0

The World Bank expects the recovery of Iraq's economy and Yemen and growth in Egypt

04/04/2019

The Minister of Planning signs a memorandum of understanding with the World Bank to support efforts to restore stability and reconstruction in liberated areas Rc_155435962274_23

The World Bank expected that the economy of Iraq and Yemen will witness a remarkable recovery in the coming period, expecting the growth of the Iraqi economy by 2.8 percent this year, especially after the formation of a new government in Baghdad, compared to 0.6 per cent in 2018, and that the agreement on the reconstruction of Iraq will be granted The country's economy is a strong boost.
The bank also predicted a rapid rebound in Yemen if the violence, despite the continuing risks, continues, noting that the Saudi Vision 2030, which was included in the 2019 budget, will contribute significantly In diversifying the Saudi economy and reducing dependence on oil revenues in the public budget.
He predicted that GCC economic growth would reach 2.1 per cent in 2019, up 0.1 per cent from 2018. This was due to reforms by the GCC countries to reduce their reliance on oil revenues, as well as the huge volume of investment in infrastructure In preparation for hosting the Expo in 2020. "
The sharp contraction of the Iranian economy, due to the decline in oil production in part from US sanctions, will negatively impact the growth rate, The real Iran has another year of Rook D, with a recording rate of contraction - 3.8 per cent this year. '
The report predicted that oil-importing countries will see growth of 4 per cent this year, compared with 3.8 per cent in 2018. This was due to the return of tourism, especially to Egypt and Tunisia, which helped to reduce the trade deficit of these countries.
In its report, the World Bank said it expected Egypt to grow by 5.5 percent this year, the largest since 2008, making it one of the best performers among oil importers in the region. The report attributed the reason for the rise in natural gas production, the recovery of tourism and the increase in government investment spending. In addition, the reduction of subsidies several times, the increase in VAT revenues and income taxes, led to the reduction of the budget deficit in Egypt during the past two years.
The report warned of the economic challenges facing Lebanon due to debt burdens, which account for about a third of total public spending. Bank experts expect Lebanon's debt to be around 151 percent of GDP this year. Accompanied by a rise in the overall budget deficit to 12.4 per cent of GDP during the current year, compared with 11.5 per cent in 2018.
World Bank expects Yemeni economy to recover
The report pointed out that the announcement of the formation of the new government in Beirut may lead to strengthening the morale of the market, especially with expectations of a new reform package of public finance soon, adding that the expectations of the economic performance of oil importing countries in the region closely linked to developments in neighboring countries rich in oil, Especially in the GCC countries. As the recovery of oil-exporting countries is linked to increased capital flows, foreign direct investment and cash transfers to neighboring oil-importing countries.
On the other hand, the report expected GDP per capita in MENA to rise by 1.8 per cent and 1.3 per cent in 2020 and 2021, respectively. GCC GDP per capita is expected to recover this year, with the exception of the Sultanate of Oman and Bahrain, which is expected to achieve negative GDP per capita growth despite the increase in real GDP in both countries during the current year. . The report attributed the increase to arrivals and the annual growth rate of the population of the two countries by 4 per cent and 5 per cent, respectively.
The report said that national income per capita is expected to increase by 2.6 per cent in oil-importing countries, while per capita income in developing oil-exporting countries will fall by 2.4 per cent due to the sharp decline in per capita gross domestic product in Iran.
The World Bank forecast real GDP in the region to grow by 3.4 and 2.7 per cent in 2020 and 2021, respectively. "The oil-importing countries are expected to see economic growth rise to 4.7 per cent of real GDP by the end 2021. Djibouti leads these countries at a growth rate of 8 per cent in 2021, supported by government investment in infrastructure.
The rise in US Treasuries, which is priced in the Middle East and North Africa (MENA), on the basis of which sovereign debt can be raised, could raise foreign borrowing costs for the region, the report said. It is expected that the average ratio of total external debt to GDP in the region will be 30 percent, compared with 40 percent in the GCC.
The inclusion of Saudi Arabia, the UAE, Bahrain, Kuwait and Qatar in the JPMorgan Emerging Markets Index will lead to increased capital flows to the GCC, where experts at the World Bank The United States, China and the EU may adversely affect economic growth in the region. He attributed the reason for the slow growth in these countries, to the uncertainty caused by international trade tensions between the EU and the United States and China, and the decline in fiscal stimulus in the United States.

by **claud39** Thu Jun 20, 2019 9:21 am

The Secretary General of the Council of Ministers praises the work of the World Bank and stresses the importance of supporting projects throughout the country

19/6/2019

The Secretary-General of the Council of Ministers, Mr. Hamid Al-Ghazi, stressed the importance of supporting investment projects by expanding the scope of work with international organizations to achieve programs and objectives to serve the Iraqi people in all its aspects .

This came during a meeting with representatives of the World Bank, Mr. Saroj Kumar, and Ms. Yara Salem, representative of the World Bank in Iraq, to discuss ways to deepen joint cooperation, investments and projects in all provinces .

Mr. Al-Ameen highlighted the Bank's role in executing important projects, overcoming the difficult economic phases during the past period, and the importance of expanding the scope of work to achieve the programs and objectives in the joint cooperation between the two parties and the large contribution of the World Bank in the liberated areas .

The Secretary-General reiterated his strong support for international organizations working in Iraq, particularly the World Bank, for his outstanding role both inside and outside Iraq .

He referred to the important projects under the umbrella of the World Bank, especially in Ramadi, Kirkuk and Mosul, and focus on them for their important role in restoring stability to these cities and coordination between all parties to achieve the desired results during a record period .

For their part, the representatives of the World Bank confirmed their full readiness to contribute to support the Iraqi government programs in all governorates, through advice and plans to accelerate the completion of programs and projects, economic development and attract investment and job creation .

At the end of the meeting, the Secretary General praised the role of the World Bank, pointing out the need for continued friendship and partnership in order to benefit from the experiences in supporting and stabilizing all Iraqi cities .

http://cabinet.iq/ArticleShow.aspx?ID=9145