IBBC discuss Government of Iraq’s White Paper
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
IBBC discuss Government of Iraq’s White Paper
IBBC discuss Government of Iraq’s White Paper

In an extensive discussion, leading executives and directors from the IBBC presented their insights and observations on the GoI White paper for reform.
Speakers included:
Mr Shwan Aziz presented the key points in the White paper, which was generally welcomed by the panel, and the topics which emerged included: Why the Economic reforms are imperative and the backdrop to the white paper, the practical application of the white paper, the political context, the opportunities for energy, the need to communicate why the changes are critical to the public, the role and importance of the private sector in future jobs and opportunities, the oversight from G7 and Iraq contact group (ICG) and how to encourage external investors into Iraq , and the importance of regulation and deregulation and the plight of the young generation.
Some stark statistics were shared by Professor Frank Gunter, who said Iraq needs to generate 370,000 new jobs each year just to keep up with the population growth, but Iraq stands at 171/190 countries that are hostile to the private sector, and the state accounts for 73% of GDP, which is unacceptable for a successful private sector. Mr Hadi Al Damirji said, that reform of the SOE sector is important to raise productivity and the economy.
Mrs Hadeel Hasan, said ‘This is Iraq’s last chance for reform before we may lose control of the economy. The GOI urgently has to communicate why the changes are important to bring all the people along , even if the changes are difficult to accept, for the alternative is too bleak to consider, the current problems have accumulated over a long period of time, but now have to be reversed’.
It was generally accepted that Corruption was no longer acceptable and that the GOI has to implement measures to stop it and bring in laws to control it at all levels of society, or foreign investment will not be forthcoming, private companies will not thrive and jobs will fail to materialise. On the positive side Professor Gunter pointed out that deregulation of business registration would bring a large sector of the informal economy into the mainstream, and provide many more jobs, and Mrs Lizzie Porter made the case that capture of more Gas, currently flared, is an easy win for perhaps $2.5bn pa, additional income and energy, while avoids OPEC quotas that oil is subject to.
To view the panel discussion, please click here
https://iraqbritainbusiness.org/news/ibbc-discuss-government-of-iraqs-white-paper
26th Nov 2020

In an extensive discussion, leading executives and directors from the IBBC presented their insights and observations on the GoI White paper for reform.
Speakers included:
- Professor Frank Gunter, Professor of Economics, Lehigh University, Advisory Council Member, IBBC
- Mr Shwan Aziz Member of the IBBC Advisory Council, AMAR Foundation Former Chief of staff Iraqi Deputy Prime Minister 2010-20
- Mrs Hadeel Hasan – Founder HHL LLP law firm and executive member of IBBC
- Mr Hadi Al Dimirji – IBBC Board member and MIT Sloane School of Management
- Mrs Lizzie Porter – Senior correspondent Iraq oil report
Mr Shwan Aziz presented the key points in the White paper, which was generally welcomed by the panel, and the topics which emerged included: Why the Economic reforms are imperative and the backdrop to the white paper, the practical application of the white paper, the political context, the opportunities for energy, the need to communicate why the changes are critical to the public, the role and importance of the private sector in future jobs and opportunities, the oversight from G7 and Iraq contact group (ICG) and how to encourage external investors into Iraq , and the importance of regulation and deregulation and the plight of the young generation.
Some stark statistics were shared by Professor Frank Gunter, who said Iraq needs to generate 370,000 new jobs each year just to keep up with the population growth, but Iraq stands at 171/190 countries that are hostile to the private sector, and the state accounts for 73% of GDP, which is unacceptable for a successful private sector. Mr Hadi Al Damirji said, that reform of the SOE sector is important to raise productivity and the economy.
Mrs Hadeel Hasan, said ‘This is Iraq’s last chance for reform before we may lose control of the economy. The GOI urgently has to communicate why the changes are important to bring all the people along , even if the changes are difficult to accept, for the alternative is too bleak to consider, the current problems have accumulated over a long period of time, but now have to be reversed’.
It was generally accepted that Corruption was no longer acceptable and that the GOI has to implement measures to stop it and bring in laws to control it at all levels of society, or foreign investment will not be forthcoming, private companies will not thrive and jobs will fail to materialise. On the positive side Professor Gunter pointed out that deregulation of business registration would bring a large sector of the informal economy into the mainstream, and provide many more jobs, and Mrs Lizzie Porter made the case that capture of more Gas, currently flared, is an easy win for perhaps $2.5bn pa, additional income and energy, while avoids OPEC quotas that oil is subject to.
To view the panel discussion, please click here
https://iraqbritainbusiness.org/news/ibbc-discuss-government-of-iraqs-white-paper
claud39- VIP NewsHound
- Posts : 17003
Join date : 2018-11-04
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
» MarkZ: "I am told probably the earliest we will have news on the RV front will be late tomorrow or Thursday" 1/19/21
» Frank26: "They finished with the tally" 1/19/21
» Walkingstick: "THE VALUE AND THE NOTE COUNT TO BE DISTRIBUTED" 1/19/21
» MilitiaMan: "They have to raise the value of their currency. And that is what they are talking about" 1/19/21
» Footforward Update 1/18/21
» Install electrical meters for economic establishments
» Al-Kazemi: We are working on preparing the infrastructure to revive the Iraqi industry
» A source in the Finance Committee: The 2021 budget will be ready for voting early next month
» International Monetary Fund: Great ambiguity surrounds the outlook for the global economy
» The decision to devalue the currency is on the table of experts
» Zaki Group merges with Pepsi Baghdad
» The Iraqi Prime Minister explains the reasons for postponing the elections
» What is money and why do we need it?
» The Investment Authority directs banks to receive installments at the old exchange rate
» In One Sentence - What Do You Wish Most for Your Future Self?
» STOP THE TUG-OF-WAR
» What’s Next? Great Awakening or Great Reset?
» FAKE INTEL Fleming says --Exchange Centers went through special training on Fri 15 Jan on the latest updates and protocols to get ready for Tier 4B exchanges this coming week.
» COFFEE WITH MARKZ - Video and Transcript -- Jan 18 2021
» MarkZ says They are anticipating a change in value shortly. Days to weeks
» MilitiaMan says -- ...the articles of late...suggests that the recent devaluation is and was a very big mistake and one they are going to fix...
» Ray Renfrow says -- He is RECEIVING REPORTS OF WEST COAST BANKS MAKING APPOINTMENTS FOR SATURDAY THROUGH TUESDAY...
» Bruce says -- Possible RV on Sunday – most likely Tuesday with exchanges either Tuesday or Wednesday...
» Pimpy says -- They're really starting to get their ducks in a row...we want them off this list.
» France announces its intention to establish strategic projects in Iraq
» The Ministry of Finance denies the existence of a deduction in the salaries of employees for the month of January 2021
» The Minister of Finance receives the Korean ambassador to Baghdad
» The Minister of Finance receives the Saudi ambassador to Baghdad
» THE ARAB MONETARY FUND ISSUES A STUDY ON "CAPITAL FLOWS IN ARAB ECONOMIES: THE RELATIONSHIP BETWEEN INVESTMENT AND SAVING"
» THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND'S CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, ORGANIZES A DISTANCE COURSE ON "FISCAL POLICY ANALYSIS"
» Rafidain Bank raises the interest on savings accounts to 5 percent and fixed deposits to 7
» Made in Iraq, launches in Baghdad in the presence of Al-Kazemi
» Representative investment: the private sector is a partner in decision-making
» Parliamentary services demand that all projects be referred through the investment window
» Parliamentary oil: there are efforts to restore Iraq's share in OPEC +
» Al-Kazemi: Supporting and protecting the local industry occupied a large place in the government curriculum
» The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
» Iran jails U.S. businessman, possibly jeopardizing Biden's plans for diplomacy with Tehran The imprisonment of a fourth American could derail a bid by the incoming Biden administration to revive a nuclear agreement with Iran.
» In partnership with "MasterCard" ... "QNB" launches the Mastercard World Elite Exclusive Card