Mazhar Muhammad Salih – The Development Fund .. It will increase the contribution of the private sector to the GDP by a large percentage
13th November, 2022
The financial expert, Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed “the Development Fund will raise the private sector’s contribution to the GDP by a large percentage.”
He told the National Iraqi News Agency that an important aspect of the financial abundance that is likely to be achieved at the end of the fiscal year 2022 will undoubtedly be directed to be a basis for supporting capital accumulation in the productive assets in the country.
Saleh added “this surplus will be allocated in an important aspect to be the financial leverage for establishing the development fund that the Prime Minister announced a few days ago, which will undoubtedly contribute to financing the important productive activities of the private sector and supporting its contributions to economic development in a way that enhances the degree of diversification of the country’s economy, especially encouraging the contribution of agricultural activities, industrial, construction and private housing sectors in the gross domestic product.” LINK
Next week.. discussions in Baghdad to determine Kurdistan’s share of the 2023 budget
The delegation consists of: the Minister of Finance and Economy, the Acting Minister of Natural Resources, the Chief of the Cabinet Office, the Cabinet Secretary, the Head of the Coordination and Follow-up Department, and the spokesperson for the regional government.
The council recommended that the delegation begin discussions as soon as possible within the framework of constitutional rights and cabinet decisions on outstanding issues, with an emphasis on implementing the federal government’s program and the political agreement that was voted on in the Iraqi parliament, according to a statement issued by the council. LINK
A member of the framework reviews internal, regional and international files “concerning” the Sudanese government
In an interview with the official “Al-Sabah” newspaper, which was followed by Mawazine News, Al-Hilali indicated that “the Sudanese government is also working to develop Iraq’s relations with the international community to benefit from global expertise and experiences in order to be an important and effective part of the international system.” LINK
The program of the delegation’s visit to Baghdad and the date of its arrival revealed
For his part, the Second Deputy Speaker of Parliament Shakhwan Abdullah revealed the arrival of the Kurdistan Regional Government delegation to Baghdad next week. LINK
A European delegation visits Iraq to hold a parliamentary meeting in Baghdad
In turn, the Ambassador of Iraq stressed that the completion of the file of forming the new Iraqi government is a step in the right path, and an affirmation of the principle of peaceful transfer of power, noting that the priorities of the new government are to respect sovereignty and build balanced relations with regional and international actors, and to stay away from any axis of conflict, in addition to the government’s primary mission to advance the economic reality by carrying out radical economic reforms and combating corruption. LINK
MilitiaMan: The theme that is about the private sector is all over the place in the articles of late. The 2022 budget is still in the air as well as is the 2023 draft budget to be to Parliament as early as this week.
The Kurds have had nothing to any degree with the operational side of the 2022, however, they have an interest be sure in the 2022 Investment side of things. That is likely why they are talking so much about he HCL / Article 140.
They have already sorted the 2022, but, they yet to expose the numbers. That is likely because of the sensitive nature of the matter with respect to the numbers / terms of the agreement they already voted on.
It is noted that they are to arrive anytime this week. The converging of them arriving and the working relationships with the international community so as to benefit from the global expertise and experiences is to be and important and effective move for to be apart of the international system..
To do that would require an exchange rate so that everyone in the system would know what to expect in the next stage numbers wise.
The international community is as noted by the European delegation, the Japanese, the WB, IMF, etc, as all in support for the economic reality of Iraq to carry out their radical reforms and combating corruption.
All in line with what we expect to go international.. IMO, they are looking very good now and the timing of things couldn’t be better.. imo.. I like where this is headed.. Imo ! ~ MM.