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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis

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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis Empty The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis

Post by claud39 on Wed Jun 17, 2020 1:07 pm

The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis




June 17, 2020





The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis 1024








Direct: The World Bank confirmed its readiness to increase the level of cooperation with Iraq and support the government's efforts in facing the financial crisis.

The media office of the Iraqi Minister of Planning, Khaled Battal, said today, Wednesday, in a statement received by the Iraqi News Agency (INA), that "the Minister of Planning discussed with the World Bank and a number of representatives of donor countries, through a closed electronic circuit, ways to benefit from the outcomes of the Kuwait Donors Conference In 2018, in support of the efforts of the Iraqi government, to confront the Corona pandemic in light of the financial crisis facing Iraq. "

During the meeting, the minister stressed the need to cooperate and work quickly to strengthen the health response capabilities in the framework of facing the virus threat.

For his part, Saroj Jah, Head of the World Bank Mission in the Middle East and North Africa, affirmed the World Bank’s readiness to increase the level of joint cooperation with Iraq and support the efforts of the Iraqi government in facing the financial crisis and the Corona pandemic, as well as continuing to support the reconstruction process.

The two sides stressed during the meeting, "continued work to strengthen public financial management and develop digital capabilities and skills in the education sector, and emphasis on investment in human capital and the development of social protection systems and increase job opportunities."

The joint talks also touched on the importance of economic diversification and growth in partnership with the private sector by working to reform trade and investment policies and develop the financial sector.


The two sides also agreed to coordinate and reinforce the reconstruction, monitoring and supervision of government projects.

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https://www.mubasher.info/news/3655641/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%B3%D8%AA%D8%B9%D8%AF-%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%88%D8%AF%D8%B9%D9%85-%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D8%A7%D9%84%D8%A3%D8%B2%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/
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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis Empty The World Bank confirms its readiness to increase the level of cooperation with Iraq and support the government's efforts in facing the financial crisis

Post by claud39 on Wed Jun 17, 2020 1:12 pm

[size=36][rtl]The World Bank confirms its readiness to increase the level of cooperation with Iraq and support the government's efforts in facing the financial crisis[/rtl][/size]




Wednesday 17 June 2020



The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis 5d1121bcd75c7c3f6a3f4710bd7edc2b




[size=16]Baghdad_wa[/size]

[size=16]Today, Wednesday, the World Bank confirmed its readiness to increase the level of cooperation with Iraq and support the government's efforts in facing the financial crisis.[/size]
[size=16]"The Minister of Planning discussed today, Wednesday, with the World Bank and a number of representatives of donor countries, through a closed electronic circuit, ways to benefit from the outcomes of the Kuwait Donors Conference in general," the media office of the Minister of Planning, Khaled Battal, said in a statement received by the Iraqi News Agency (INA). 2018, in support of the efforts of the Iraqi government, to confront the Corona pandemic in light of the financial crisis facing Iraq, stressing during the meeting, "the need to cooperate and work quickly to enhance health response capabilities in the framework of facing the threat of the virus."[/size]
[size=16]For his part, Saruj Jah, head of the World Bank mission to the Middle East and North Africa, confirmed, "The readiness of the World Bank, to increase the level of joint cooperation with Iraq, and to support the efforts of the Iraqi government in facing the financial crisis and the Corona pandemic, as well as continuing to support reconstruction."[/size]

[size=16]The two sides stressed during the meeting, "continued work to strengthen public financial management and develop digital capabilities and skills in the education sector, and to emphasize investment in human capital, the development of social protection systems, and increased job opportunities."[/size]
[size=16]The joint talks also touched on "the importance of economic diversification and growth in partnership with the private sector by working to reform trade and investment policies and develop the financial sector"[/size]

[size=16]The two sides also agreed "to coordinate and reinforce the reconstruction, monitoring and supervision of government projects."[/size]
[size=16]On the Iraqi side, the representative of the Ministry of Planning, Dr. Maher Hammad Johan, and the Director General of Sector Planning Mr. Basim Dari Mahmoud, attended the meeting, on the international community, representatives of Germany, Sweden, Britain and Canada, and the resident representative of the World Bank in Iraq, Mr. Ramzi Numan.[/size]



https://www.ina.iq/108318/%D8%A7%D9%84%D8%A8%D9%86%D9%83_%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A_%D9%8A%D8%A4%D9%83%D8%AF_%D8%A7%D8%B3%D8%AA%D8%B9%D8%AF%D8%A7%D8%AF%D9%87_%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9_%D9%85%D8%B3%D8%AA%D9%88%D9%89_%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86_%D9%85%D8%B9_%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82_%D9%88%D8%AF%D8%B9%D9%85_%D8%AC%D9%87%D9%88%D8%AF_%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9_%D9%81%D9%8A_%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9_%D8%A7%D9%84%D8%A3%D8%B2%D9%85%D8%A9_%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9
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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis Empty Re: The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis

Post by claud39 on Wed Jun 17, 2020 1:41 pm

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




04/04/2019





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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis 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.




http://www.uabonline.org/en/news/arabicnews/157516041576160616031575160415
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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis Empty The Minister of Planning discussed with the World Bank the benefit of the outcomes of the Kuwait Donors Conference to face Corona and the financial crisis

Post by claud39 on Wed Jun 17, 2020 1:57 pm

The Minister of Planning discussed with the World Bank the benefit of the outcomes of the Kuwait Donors Conference to face Corona and the financial crisis



Wed 17, Jun. 2020





The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis 838667-2d87f63a-fb94-4e84-a2b6-0161b6176295







Baghdad / Nina / Minister of Planning Khaled Battal Al-Najm discussed with the World Bank and a number of representatives of donor countries, through a closed electronic circuit, ways to take advantage of the outcomes of the Kuwait Donors Conference in 2018 to support the efforts of the Iraqi government to confront the Corona pandemic in light of the financial crisis facing Iraq .

The minister stressed the need to cooperate and work quickly to strengthen the health response capabilities in the framework of facing the virus threat.

For his part, Saruj Jah, head of the World Bank mission to the Middle East and North Africa, confirmed the World Bank's readiness to increase the level of joint cooperation with Iraq and support the efforts of the Iraqi government in facing the financial crisis and the Corona pandemic, as well as continuing to support the reconstruction process.

The two sides affirmed the continuation of work on strengthening public financial management, developing digital capabilities and skills in the education sector, investing in human capital, developing social protection systems and increasing job opportunities.

The joint talks also touched on the importance of economic diversification and growth in partnership with the private sector by working to reform trade and investment policies and develop the financial sector.

The two sides also agreed to coordinate and reinforce the reconstruction, monitoring and supervision of government projects.

On the Iraqi side, the representative of the Ministry of Planning, Maher Hammad Johan, and the director general of sector planning in the name of Dari Mahmoud, participated in the meeting, while representatives of Germany, Sweden, Britain and Canada, and the resident representative of the World Bank in Iraq Ramzi Noman participated. / End 7





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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis Empty IBBC hold the video discussion with World Bank’s Lead Financial Sector Specialist, MENA, Mr Syed Mehdi Hassan

Post by claud39 on Thu Jun 18, 2020 5:38 pm

IBBC hold the video discussion with World Bank’s Lead Financial Sector Specialist, MENA, Mr Syed Mehdi Hassan

18th Jun 2020



The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis Mr-Syed-Mehdi-Hassan-WB


On Wednesday 17th June IBBC held an online meeting with the World Bank’s Lead Financial Sector Specialist, MENA, Mr Syed Mehdi Hassan. Mr Syed was joined by Mr Bilal Rabah Al Sugheyer, head of the IFC office in Baghdad.
 
The meeting was chaired by IBBC Executive Committee Member Mr John Curtin from EY. More than 20 IBBC members joined the discussion amongst which Sardar Trading Agency, BP, GE, Siemens, Basra Gateway Terminal, Al Majal and Stirling Education.
 
For more information please email to: london@webuildiraq.org

https://iraqbritainbusiness.org/news/ibbc-hold-the-video-discussion-with-world-banks-lead-financial-sector-specialist-mena-mr-syed-mehdi-hassan
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The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis Empty THE WORLD BANK IS READY TO INCREASE COOPERATION WITH IRAQ IN THE FACE OF CORONA AND THE FINANCIAL CRISIS

Post by claud39 on Thu Jun 18, 2020 5:46 pm

THE WORLD BANK IS READY TO INCREASE COOPERATION WITH IRAQ IN THE FACE OF CORONA AND THE FINANCIAL CRISIS





18/06/2020










The World Bank is preparing to increase cooperation with Iraq and support the response to the financial crisis %D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%A8%D8%AF%D9%8A-%D8%A7%D8%B3%D8%AA%D8%B9%D8%AF%D8%A7%D8%AF%D9%87-%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%81%D9%8A-%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7-%D9%88%D8%A7%D9%84%D8%A3%D8%B2%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9







The World Bank confirmed today its readiness to increase cooperation with Iraq and support its efforts in facing the Corona pandemic and the financial crisis it is going through.

Iraqi Minister of Planning Khaled Battal said in a statement that he discussed today with the World Bank and representatives of a number of donor countries through a closed electronic circuit, ways to benefit from the outcomes of the Kuwait Donors Conference in 2018 in support of his country, in the face of the Corona pandemic and the current financial crisis.

The statement quoted the head of the World Bank mission to the Middle East and North Africa, Sarouj Jah, as confirming the bank's readiness to increase the level of joint cooperation with Iraq, and support the efforts of the Iraqi government in facing the financial crisis and the Corona pandemic, as well as continuing to support reconstruction operations.

During the meeting, the two sides stressed the continuation of cooperation to strengthen public financial management and develop digital capabilities and skills in the education sector, emphasizing the importance of investing in human capital, developing social protection systems and increasing job opportunities.







https://uabonline.org/%d8%a7%d9%84%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d8%af%d9%88%d9%84%d9%8a-%d9%8a%d8%a8%d8%af%d9%8a-%d8%a7%d8%b3%d8%aa%d8%b9%d8%af%d8%a7%d8%af%d9%87-%d9%84%d8%b2%d9%8a%d8%a7%d8%af%d8%a9-%d8%a7%d9%84%d8%aa/
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