Iraqi News Monday Afternoon 9-19-22
Tlm724 Administrator Bondlady’s Corner
International Monetary Fund: The Real GDP Of Iraq Will Rise In The Coming Years
Today, Monday, the International Monetary Fund expected the real GDP growth for Iraq over the next five years. The fund stated, in a chart published on its website, that “the real GDP of Iraq will rise during the next five years,” noting that “the annual rate for the current year will reach 9.5 percent.”
The fund added, “The ratio will decline to 5.7 in the next year, while the year 2024 will witness Iraq achieving a growth rate of 2.7 percent in GDP, to decline in the year 2025 to 2.6 percent on an annual basis, to stabilize there in the year 2027.” https://www.radionawa.com/all-detail.aspx?jimare=31242
Al-Kazemi’s Advisor: The Growth Rate Expected To Be Achieved During The Current Year Is Unprecedented
Economie| 11:39 – 09/19/2022 Baghdad – Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, described, on Monday, the rate of growth expected to be achieved during the current year as “unprecedented”, expecting the rates to continue to increase during the next year.
Saleh said in a statement to the official newspaper and followed by / Mawazine News /, that “the World Bank estimated that the growth rates in Iraq’s gross domestic product would reach 9 percent during 2022, according to a report it launched during the current year.”
Salih considered, “the expected unprecedented growth rate in Iraq,” attributing the reasons for achieving it to “the increase in the quantities produced of oil and their reaching broader production capacities after removing the restrictions imposed by the (OPEC +) agreement in the year 2020, which provides for reducing the quantities of oil produced by about an increase One million barrels to remove the glut in the oil market during the Corona crisis.
He explained, “Economic growth in Iraq decreased to (minus 11) percent during the Corona pandemic, after the sectors of the economy stopped working for about six months,” adding that “the operation of the economic sectors made the economic cycle of Iraq reach its peak, according to World Bank estimates. , as reinforced by the high growth figure in GDP.
Salih expected that “the estimates of growth during the year 2023 range between 5-4%, a percentage that we find reasonable after the stability of the economic cycle, especially since the growth rate exceeds the growth rate of the population in all cases, which should be reflected on the relative economic well-being.” https://www.mawazin.net/Details.aspx?jimare=205863
Economist: Most Of The Budgets Were Political And Consumer And Did Not Change The Reality
Monday 19 September 2022 11:22 | Economic Number of readings: 426 Baghdad / NINA / – The expert in economic affairs, Raad Twij, called for taking advantage of the current financial abundance and changing the methods and system for preparing public budgets laws. In a statement to the National Iraqi News Agency ( NINA) , Twig said : “The public budgets are among the most important laws that are issued by the government and approved by Parliament.
The historical facts of Iraqi budgets since 2003 have proven that they did not harmonize and did not completely change the economic reality. Iraqi,” noting:
“Most of the budgets were political and consumer, not program and production budgets.”
Twiej called for taking advantage of the current financial abundance and adapting to it in preparing independent development budgets, reducing spending and unjustified deficits, and preparing programs similar to the Food Security Law related to salaries, subsidies and forms of economic support.
SOMO Informs International Companies Not To Buy Crude Oil From Kurdistan
Political | 07:19 – 09/19/2022 Baghdad – Mawazine News The Oil Marketing Company “SOMO” announced today, Monday, that it has taken marketing measures and informed all international companies not to purchase crude oil from the Kurdistan region, while stressing that the regional government is obligated to implement the decision of the Federal Court.
The director of the company, Alaa Al-Yasiri, said that “the Federal Court issued a decision that invalidates all contracts concluded by the Kurdistan Regional Government regarding the extraction and export of crude oil.”
Al-Yasiri added, “The Ministry of Oil has begun to develop flexible mechanisms for the purpose of transferring the entire file to the federal government, but the matter was not welcomed by the regional government, which called the ministry to take legal measures,” noting that “the regional government is obligated to implement the court’s decision.”
He pointed out that “the Oil Marketing Company has taken marketing measures and all international companies have been informed not to purchase crude oil from the region,” noting that “the quantities exported from the region last year amounted to about 420,000 barrels per day, and this year, the exported quantities have decreased to about 355,000 barrels per day.
He stressed, “The regional government sells oil at lower prices than the central government, and according to news published by Reuters, the region sells oil at discounts ranging from 16-20 dollars per barrel, despite the fact that the sale takes place in the same region and with the same quality of oil.” Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=205912
Al-Kazemi heads to New York to participate in the United Nations General Assembly meeting
Monday 19 September 2022 19:38 | politicalNumber of readings: 176
Baghdad / NINA / – Prime Minister Mustafa Al-Kazemi went to New York to participate in the meeting of the United Nations General Assembly. https://ninanews.com/Website/News/Details?Key=1001240
The Dollar Is Declining In The Iraqi Market
Economie| 09:33 – 09/19/2022 Baghdad – Mawazine News The dollar exchange rates witnessed, today, Monday, a slight decrease in the Iraqi Stock Exchange. Selling price: 147.850 dinars per $100 purchase price: 147.750 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=205850
US Ambassador: We Will Continue To Provide Significant Funding For Humanitarian Assistance Activities In Iraq
Political | 07:32 – 09/19/2022 Baghdad – Mawazine News The US Ambassador to Baghdad, Alina Romanowski, confirmed today, Monday, that Washington will continue to provide significant funding for humanitarian assistance activities in Iraq.
“At today’s UNHCR meeting, I indicated that the United States will continue to provide significant funding for humanitarian assistance activities in Iraq, while reducing the work of the United Nations,” Romanowski said, in a tweet on her Twitter platform.
She added, “I look forward to working with the Government of Iraq and the Kurdistan Regional Government as they adopt more coordination in the field of humanitarian programmes.” Ended 29 / h
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