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The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress

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The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress Empty The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress

Post by claud39 Thu Jan 14, 2021 1:35 pm

[size=30]The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress[/size]


2021-01-14





The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress A4855156c1ebb4f947c6b41b0e2cea5c_L










Yes Iraq: Baghdad



The International Monetary Fund announced, on Thursday, that Iraq has witnessed progress in recent years to make room for access to budget and fiscal information.




"Governance reforms and combating corruption are necessary to rebuild better after the crisis and to stimulate a strong and sustainable recovery," Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund, said in an article published by Asharq Al-Awsat newspaper.




He stressed “the importance of improving governance and reducing corruption in order to promote growth; As these factors lead to better economic results and sustainable macroeconomic stability by making the use of public resources and providing government services more effective, and also by enhancing investor confidence and competitiveness.




"Effective governmental and tax institutions can enhance social cohesion, and ensure that the returns to growth will be better and more participatory distributed among all components of society," Azour noted.




He affirmed that “Saudi Arabia, Egypt and Iraq have made progress in recent years in providing more room for access to budget and fiscal information, while Tunisia provided a good example on how to involve citizens in the budget preparation process by enabling them to provide feedback on how to use the opinions of the public during the sessions. Legislative ”




https://yesiraq.com/%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-%d8%b1%d8%a7%d8%b6%d9%8d-%d8%b9%d9%86-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82-%d9%88%d9%8a%d8%aa/
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The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress Empty International Monetary: Tackling corruption is key to economic growth in the Middle East

Post by claud39 Thu Jan 14, 2021 1:37 pm

International Monetary: Tackling corruption is key to economic growth in the Middle East


01/14/2021





The International Monetary Fund is "satisfied" with Iraq ... and talks about economic progress %D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-696x435










Information / translation ...



A report by the International Monetary Fund affirmed that tackling corruption is a key to improving economic growth in the Middle East, and that a sustainable recovery from the economic effects of the Coronavirus epidemic cannot happen without strong governance frameworks by governments.



"Reforms to improve economic governance and reduce exposure to corruption are essential to foster higher and more inclusive growth in the Middle East and Central Asia," the British website The National quoted the report translated by Al-Maaloumah.



"Fighting corruption and improving governance is always a priority and it takes time to achieve these goals, but we cannot imagine a strong and sustainable recovery after Corona without these frameworks," said Jihad Azour, Director of the Monetary Fund for the Middle East and Central Asia.



He added, "The latest forecast indicates a growth of 2.2 percent in the Middle East this year, after the expected contraction of 5 percent last year as a result of the epidemic."



The IMF report stated that “the Middle East region is registering lower levels of its global theories in the field of anti-corruption, and although many countries have made progress in improving governance, there is still a lot to be done to reach higher levels of confidence in general. “.



Azour stated that “there are major contradictions among the countries of the region, as some have greatly improved governance, such as introducing laws to ensure the independence of the central bank, and there is also a discrepancy between every national“ operating system ”that governs the rules and regulations that determine behavior within the market.



The report continued that “many countries in the region were already facing pressures as a result of low oil prices, while Adil Malik, Associate Professor of Development Economics at the University of Oxford, said that“ With the spread of Corona virus, countries such as Algeria, Lebanon and Iraq have witnessed protests against corruption, ”referring to “The epidemic provides the countries of the region with the opportunity to direct social spending more efficiently and develop new types of programs and interventions that can have a lasting impact.”



The fund’s report recommended “providing the public with greater access to budget information, introducing better procurement practices and improving oversight over state-owned companies and sovereign funds. It also stressed the importance of strong governance in the financial sector, including better implementation of anti-money laundering and counter-terrorist financing rules.” 



End / 25 z



https://www.almaalomah.com/2021/01/14/515254/
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