WOTS WED JUL 7 21
Al-Kazemi's advisor: Announcing the actual implementation of the white paper soon
The government agrees to contract with a major international company to manage projects and fight corruption
link
The Iraqi government agreed, on Tuesday, to contract with a major international company for project management and anti-corruption consultancy.
The Prime Minister’s Media Office stated in a statement, of which “Nass” received a copy, (6 July 2021), that “in accordance with the government’s efforts to reform, fight corruption and waste, and properly plan for economic development in the country, the Ministerial Council for Social Services Resolution No. 1 of 2021 was approved ), which includes contracting with one of the major international companies specialized in management in the capacity of a consultant to the government from the ministries of planning and finance, each according to its tasks established in its law, or jointly and in a manner that ensures the provision of optimal advice to the Council of Ministers and the creation of economic and financial indicators to guide the development path at the macro, sectoral and spatial levels ".
He added, "The Cabinet approved the Ministry of Planning's contracting with international and local companies and consulting offices specialized in the field of project management and implementation, and the preparation of feasibility studies to ensure the best consistency and speed of project management and implementation.
Parliamentary demands for the government to adopt a transparent fiscal policy regarding excess oil revenues
link
The Parliamentary Finance Committee called, on Wednesday, for the government to adopt a financial policy and announce how to dispose of the surplus funds from oil revenues after their prices rose globally, indicating that, the rise in revenues should go to address the deficit in the federal budget for the year 2021 .
Committee member Shirwan Mirza said that "the price of a barrel of oil was set in the budget law at 45 dollars, but the prices rose during the time to about 76 dollars ."
Merz added, "The government should use the revenues generated by the rise in oil prices to fill the deficit in the budget, and it must also send data on the increase in revenues to the Finance Committee and ways to use it ."
He explained that "the government can use the imports generated from the increase in oil prices to bridge the financial deficit or to deliver the revenues to the Central Bank of Iraq to raise the financial reserve ."
International oil prices continue to rise, reaching more than 77 dollars per barrel, while the government estimates prices at about 45 dollars within the current year's budget.
Parliamentary Finance: The rise in oil prices will provide 24 billion dollars to the state treasury
link
The Finance Committee in the House of Representatives clarified, on Wednesday, July 7, 2021, that the difference in the price of oil approved in the budget at the end of this year will provide about 29 trillion dinars after the improvement .of oil prices in global markets
The committee’s reporter, Ahmed Al-Saffar, said in a statement to “The Obelisk” that all the numbers and data contained in the state’s general budget law are in fact estimates as they were drawn up for a future period, and these numbers may correspond to .reality and may differ with it, and in most cases the difference occurs
He added that the amount through which the deficit will be covered in full, while I talked about the possibility of achieving an abundance of it that goes to the payment of previous debts, and I talked about indications that the price of a barrel will reach next .December between 80 to 100 dollars
He added that the budget was set in light of the presence of two financial and health crises, accompanied by a decrease in oil prices on which Iraq relies by about 93% to feed its revenues, indicating that determining the price of oil is the main influencing factor in .the volume of revenues, and it also determines the deficit in the law
He pointed out that the budget was based on the price of a barrel of $45, at a time when the current price was $50, i.e. a difference of five dollars, and what was approved in the budget, I was at odds with him, because I followed the oil agencies and had a .perception that the price of a barrel might reach $100. Next December, or at least $80 to $90
He added that the adoption of the price of $ 45 was completely contrary to reality and is more conservative than what the economic reality requires, and it would have been better to put it at about $ 50, the difference for the current month is about $ 30, and this .figure is able to cover the deficit completely
He stressed, that the financial deficit in Iraq is imaginary and unreal, and as soon as the year ends, this deficit disappears through the difference in the price of a barrel of oil between what is put in the budget and what is in the markets, stressing that some years have witnessed a surplus and the reason is the price difference, as Iraq used to Not to implement its budget by 100%, and in the best case, the implementation did not exceed 80%, and the average price difference for the total of the current year, if we take into .account the past months, is estimated at 22 dollars per barrel
Al-Saffar added that this provides 24 billion dollars, and this amount, according to the current exchange rate, constitutes 29 trillion dinars, while the amount of the deficit is 28 trillion dinars, and if there is any financial abundance from selling oil, the Financial Management Law stipulates that either The following year, in the event that there is no intention to present a supplementary .budget, or the government is given powers to use this abundance to finance the stalled and stalled projects
He concluded his speech by saying that the existing data do not show the possibility of submitting a supplementary budget, because the original budget has not been implemented so far despite our arrival in the seventh month, and therefore the amounts resulting from the oil price difference will revolve to the next year, and that the complete lack of budget is due to several reasons, the most important of which Presenting it late to the House of Representatives, as well as the circumstances that accompanied its legislation to its approval at the end of last March, and it also needs ratification, and that the issuance of implementation instructions from the .Ministry of Finance requires a full month
An international classification indicates the slow economic diversification in Iraq and the biggest challenge it faces
link
Moody's Financial Rating Agency confirmed its credit rating for Iraq at Caa1 with a stable future outlook.
Moody's stated that the confirmation of the rating reflects the credit challenges posed by Iraq's exceptionally large economic and financial dependence on oil.
Moody's stated that the stable outlook for Iraq balances a number of potential positive and negative drivers.
She added that progress in economic diversification is still slow and hampered by the weak business environment and investment climate in Iraq.
She considered corruption to be the biggest institutional challenge facing Iraq.
Moody's said that Iraq's political landscape and growing political stability risks threaten to further slow progress on institutional and economic reforms.
The Iraqi government is moving to remove the name of Iraq from the list of high-risk countries
link
Iraq is moving with unremitting government efforts to remove its name from the list of high-risk countries to get rid of some restrictions. The success of this mission, and in a political reading, depends mainly on the confidence of the whole world that Iraq is a safe country with no dangers. stable
At a time when the government is relying on the importance of removing the name of Iraq from the list of high-risk countries in the process of recovering the smuggled funds, economists believe that the government’s efforts to recover the funds will not succeed without international cooperation that lifts the immunity of the corrupt and their money outside Iraq
Iraq's return to the environment of security and stability away from the list of risks will oblige everyone to cooperate with it. Therefore, Parliament must expedite the passage of the law to restore smuggled funds to support the government's steps and strengthen it with legal frameworks, according to what observers see
The Iraqi government decides to reduce the exchange rate of the dollar
link
Now we need to see the CBI to say this
Economic Adviser to Prime Minister Alaa Abdul-Hussein: Over the past decades, Iraq has suffered from economic problems
Abdul-Hussein: The Iraqi economy has gone through several stages, which made it rentier and dependent on oil
Abdul Hussein: There is an increase in population growth by 3% annually and our resources are limited
Abdul-Hussein: The white paper included analyzing and diagnosing economic problems and identifying effective solutions
Abdul-Hussein: We are working with the various ministries to identify projects for the official announcement of the actual implementation of the White Paper
Abdul-Hussein: Very soon, the implementation of the white paper will actually be announced
Abdul-Hussein: There are central and sub-committees to implement the white paper
Abdul-Hussein: The projects mentioned in the white paper are of a professional and not political nature
Abdul-Hussein: The continued rise in oil prices is almost able to bridge the budget deficit
Abdul-Hussein: Reducing the dollar exchange rate is unlikely because it was approved in the budget
Al-Kazemi's advisor: Announcing the actual implementation of the white paper soon
link same article just written differently
The economic advisor to the Prime Minister, Alaa Abdel Hussein, confirmed that the actual implementation of the white paper will soon be announced, while noting that there are central and sub-committees to implement it .
Abdul Hussein said in a televised statement, today, Wednesday, that "Iraq over the past decades has suffered from economic problems," noting that "the Iraqi economy has gone through several stages, which made it rentier and dependent on oil ."
He added, "There is an increase in population growth by 3% annually and our resources are limited," noting that "the white paper included analyzing and diagnosing economic problems and identifying effective solutions ."
He continued, "We are working with various ministries to identify projects for the official announcement of the actual implementation of the white paper," stressing, "Very soon, the actual implementation of the white paper will be announced ."
He pointed out that "there are central and sub-committees to implement the white paper," noting that "the projects mentioned in the white paper are of a professional, not political, character ."
A government meeting to discuss a medium-term budget and strategic vision for the oil sector
link
Today, Wednesday, the meeting of the thirteenth session was held for the committee to prepare the federal general budget strategy for the medium term 2022-2024, in the presence of Minister of Finance Ali Allawi, advisors to the Prime Minister and the undersecretaries of the ministries of finance and health, their general managers and relevant ministries.
The meeting discussed the completion of the discussion of the future strategic vision for the oil sector presented by the Ministry of Oil, which includes ways to develop the sector and enhance its capabilities to increase the levels of production capacities in order to raise the volume of oil revenues to supplement future budget projects in order to achieve the objectives of the economic development process.
The meeting also discussed the completion of the Ministry of Health report on the ministry’s vision and strategy aimed at developing the efficiency of the health sector and overcoming the challenges that stand against the advancement of the health sector in line with the increasing need for health care and improving the quality of health services provided to citizens, in addition to strengthening efforts to confront the challenges of the Corona virus.
A hidden meeting.. Details of what happened between Al-Kazemi and an official of the Iranian Revolutionary Guards
link
Today, Wednesday, a source close to the Prime Minister, Mustafa Al-Kazemi, revealed details of what took place in the meeting between him and the head of the intelligence of the Iranian Revolutionary Guards, Hussein Taeb.
The source said, according to a Russian agency, that "Taeb arrived at Al-Kazemi's office last night with a large delegation, and a meeting took place between them away from the media and even from the official statements of their offices."
He added, "Al-Kazemi sent a message to Taib regarding the role of armed factions close to Tehran, and their targeting of diplomatic missions and the international coalition forces in Iraq."
The source indicated, quoting Al-Kazemi, as saying, "What is happening in terms of bombing and targeting, affects the course of the US-Iranian negotiations, and affects the schedule for the withdrawal of US forces from Iraq."
He continued, "The Iraqi prime minister informed the Iranian Revolutionary Guards' intelligence chief that they should stop bombing operations if they were coordinated between the guards and these factions, and he also told him that these operations are terrorist operations and not resistance."
According to the source, "Taeb informed Al-Kazemi that the bombing operations that are taking place have nothing to do with the Revolutionary Guard and the factions that coordinate with it."
According to him, "the head of the Iranian Revolutionary Guards' intelligence, assured Al-Kazemi that Tehran is not with this escalation, and believes that it will cause negotiations between Tehran and Washington to go into a dead end."
This is the Daily WOTS "Word on the Street" report:
The dollar exchange rates in the local markets for Wednesday, (July 7, 2021), according to specialists' monitoring.
Baghdad - the stock exchange
147,100
....
Exchange Rate (Approx.)
146,500
147,500
—————————————————
Dohuk - Bursa
147,325
————————————-
Karbala - Bursa
147,150
————————————
Babylon / sentence
147,200
——————————-
Najaf / Bursa
147,150
———————————
Erbil - Bursa
147,250
——————————-
Basra - Bursa
147,250
——————————-
Sulaymaniyah - Bursa
147,300
——————————-
Mosul - Bursa
147,400
—————————-
Samarra / sentence
147,300
——————————
wet / phrase
147,500
The Markets:
The Asian markets closed mixed NIK down by .96% HSI down by .40% SHANG up by .66%
The UK markets are currently trading in the green mostly from .32% to .70% CAC-40 down by .04%
Our futures are currently trading in the green DOW at 34461 up by .0% SNP at 4337.75 up by .09% NDX at 14832.25 up by .38%
Precious Metals:
Gold is green at 1807 Silver is green at 26.48 Copper is green at 433 Platinum is green at 1098
Brent 75 WTI 74 Bitcoin: 34,612 10 yr yield: 1.35
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|
| USD/IQD |  1435.8000 |  1486.6000 | 1457.2000 | 1457.1000 | 1457.1000 | 0.2000 | 10:53 |
| USD/VND | 23015.0000 | 23020.0000 | 22991.1300 | 22988.2600 | 22988.2600 | 3.7700 | 22:46 |
| USD/CNY | 6.4625 | 6.4645 | 6.4789 | 6.4616 | 6.4779 | -0.0153 | 05:10 |
| USD/KWD | 0.3006 | 0.3016 | 0.3008 | 0.3007 | 0.3008 | -0.0002 | 05:02 |
| GBP/USD | 1.3812 |  1.3814 | 1.3815 | 1.3778 | 1.3796 | 0.0018 | 05:10 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14489.0000 | 14489.0000 | 14539.0000 | 14474.0000 | 14515.0000 | -25.0000 | 05:10 |
Things in the News:
Iraqi Articles:
An international classification indicates the slow economic diversification in Iraq and the biggest challenge it faces
link
Moody's Financial Rating Agency confirmed its credit rating for Iraq at Caa1 with a stable future outlook.
Moody's stated that the confirmation of the rating reflects the credit challenges posed by Iraq's exceptionally large economic and financial dependence on oil.
Moody's stated that the stable outlook for Iraq balances a number of potential positive and negative drivers.
She added that progress in economic diversification is still slow and hampered by the weak business environment and investment climate in Iraq.
She considered corruption to be the biggest institutional challenge facing Iraq.
Moody's said that Iraq's political landscape and growing political stability risks threaten to further slow progress on institutional and economic reforms.
Fiscal reform.. rationalizing spending and maximizing revenues
link
The financial reform process includes a number of basic and radical steps that go in two main directions: the first, reforming expenditures through rationalization and controlling the volume of public spending, while the second aspect includes reforming revenues, maximizing their collection and inventing new means to increase them.
finance sector
Academic Dr. Imad Al-Ani said: {The reform of the financial sector constitutes a driving force for bringing about economic and social reform, as it is a basic and necessary requirement for building a society on sound economic foundations focusing on private economic activity and giving it the opportunity to participate in building the Iraqi society.}
He added that "financial reform needs spending technology through a team with competence and knowledge of everything related to spending, meaning that spending should be gradual until its percentage begins to decrease gradually."
He continued, "The public spending technology means the use of modern methods in the process of privatizing it, where the best use of that allocation is," explaining that "this is done by tracing the alimony path since its allocation and approval, through the stage of its implementation and its exit from the government's financial disclosure, and monitoring the effects resulting from it in all stages it goes through. Reaching the desired goal," stressing that "financial reform is based on a re-distribution of quality."
to spend}.
And he indicated that {in light of the structuring of financial resources and the multiplicity and diversity of their development needs and with the existence of defects and shortcomings in the general budget, the need to rationalize public spending and achieve efficiency and effectiveness requires the use of the technology required to raise the efficiency of expenditure and its returns, as well as activating and maximizing public revenues in a way that ensures the safety of the government's financial position} .
financial discipline
In her turn, a member of the Iraqi Economists Association, Dr. Ikram Abdel Aziz, indicated that {financial reform aims to improve the performance of public finances, achieve financial discipline and manage local and external government debt, and also aims to ensure integration between the state's fiscal and monetary policy}.
It cautioned that {the purpose of the financial reform measures and measures is to control the public budget deficit and the balance of payments by reducing the public debt-to-GDP ratio with tax reform measures; Therefore, the improvement in the national economy results from the implementation of financial reforms.
sustainable growth
Academic Dr. Amr Hisham stressed the need for the government to work to coordinate and harmonize its fiscal and monetary policies, in a way that leads to sustainable growth that is not based on an excessive expansion of public spending or a continuous increase in the ratio of public debt to GDP.
He continued: {The debt market can be a means to reform the financial sector by strengthening the financial structure, and this source provides additional financing for the government and works to achieve economic stability by supporting growth and cooperation between the public and private sectors, and thus achieves economic stability
The government agrees to contract with a major international company to manage projects and fight corruption
link
The Iraqi government agreed, on Tuesday, to contract with a major international company for project management and anti-corruption consultancy.
The Prime Minister’s Media Office stated in a statement, of which “Nass” received a copy, (6 July 2021), that “in accordance with the government’s efforts to reform, fight corruption and waste, and properly plan for economic development in the country, the Ministerial Council for Social Services Resolution No. 1 of 2021 was approved ), which includes contracting with one of the major international companies specialized in management in the capacity of a consultant to the government from the ministries of planning and finance, each according to its tasks established in its law, or jointly and in a manner that ensures the provision of optimal advice to the Council of Ministers and the creation of economic and financial indicators to guide the development path at the macro, sectoral and spatial levels ".
He added, "The Cabinet approved the Ministry of Planning's contracting with international and local companies and consulting offices specialized in the field of project management and implementation, and the preparation of feasibility studies to ensure the best consistency and speed of project management and implementation.
CBI Update: Just a note:
They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is
here.
Click on the link above for the latest update.
The CBI for rate is 1460
The currency auction For July 8th , 2021 total sales amount $ 191,434,000 .
including $19,090,000. CASH
ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today
7-6-2021 Newshound/Intel Guru Mnt Goat With the surplus revenues this puts Iraq in a very good position to complete the project. We know that this project leads to the reinstatement. Getting the dinar back on the trading platforms only helps Iraq as this will flow capital into Iraq to develop the economy and get investors to flock in. So, we can see the clay be shaped and molded into what we want. We just have to be patient and listen and watch. It is coming, it has to come. [post 2 of 2]
7-6-2021 Newshound/Intel Guru Mnt Goat ...the CBI or the finance committee is no longer talking about the project to delete the zeros as an alternative to get them out of this fiscal mess. This is because the CBI along with the finance committee backed by the prime minister has decided to go along and do it. Yes, there is the green light. But first they are telling us they must now clean up this corruption it the banks. [post 1 of 2....stay tuned]
7-6-2021 Intel Guru Holly ...We are long past overdue for going. The UST at this point seems to be the hold up...This is a transition not a transaction. Never, ever give up...
7-6-2021 Newshound Guru Pimpy Article: "Within 3 days...Ports announce the launch of the bank credit for the great port of Faw" This is what we want. This opens them up to the world. This is one of the biggest ports in the Middle East. This is why Iraq is a gateway into the Middle East. And why everyone wants a piece of it...
7-6-2021 Intel Guru Frank26 "Mechanism" is the plan of the CBI. That's their words. The mechanisms of the monetary reform are right in front of you...their currency is going to float. If you understand the power of that statement you should be just smiling like a Cheshire cat.
7-6-2021 Intel Guru MarkZ [via PDK] ...from what I am being told…over the holiday weekend they finished taking care of all new banking system issues…and they are ready…so at this point I believe they are just waiting for somebody to pull the trigger…. That somebody is who we call “The Grandfather”.
7-6-2021 Newshound Guru Militiaman The 10th richest country...in the world is Iraq. And that 10th country has more than just oil. They're going to have tourism and religious tourism. They're going to have imports and exports of all the construction materials that are going to come in - food - housing. It's going to be insane building...That was the need for the build-out of the port... a lot of income will come from there because it's one of the largest ports in the world and it's not going to be at a program rate as far as we can tell.
Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website)
The Council of Ministers holds its regular session headed by Prime Minister Mustafa Al-Kazemi
Today, Tuesday, Prime Minister Mustafa Al-Kazemi chaired the twenty-sixth regular session of the Council of Ministers, in which the developments of events in the country were discussed, and topics on the agenda were discussed, foremost of which is the file of electricity and residential lands for citizens.
The session witnessed extensive and lengthy discussions on the electricity file, and a detailed report from the Ministry of Electricity was reviewed on the challenges and obstacles and the most important proposed solutions to address the problem.
In this regard, Mr. Al-Kazemi referred to the sabotage attempts that targeted electric power towers last week, which were aimed at impeding the highest production ceiling that we have reached, and stressed that the investigation will soon reveal the full reasons behind the decline in electric power in the country, and the repeated targeting of transmission towers.
His Excellency stressed the need to raise the state of alert on the part of the security forces in order to protect the generation plants and power transmission towers, pointing to the ability to thwart a number of sabotage and terrorist attempts, and the arrest of a number of saboteurs and the killing of others. .
The Prime Minister stressed that this government has worked to increase the production of electric power, and the opening of several stations, and it is continuing to increase production and overcome obstacles to opening stations and contracting, indicating that poor planning, corruption and chaos in decision-making represent a heavy legacy in the electricity file, and the current government is working on Bypass it and put this file on the right track.
After the Council of Ministers discussed what is on its agenda with regard to the electricity file, it took decisions related to the electricity sector represented in overcoming obstacles to many projects and protecting towers, and the profitable Ministry of Oil companies lending to the Ministry of Electricity companies an amount of (50) billion dinars to cover emergency expenses, and the Pay the amount within one year.
The Cabinet also discussed the file of allocating residential plots to citizens, and the right of every family to own decent housing that preserves its dignity.
Mr. Al-Kazemi confirmed his personal follow-up to the technical team of the website for its launch soon, as they were met today to review the developments regarding the project and the launch of the website, which will ensure a fair and transparent distribution, free of favoritism, and according to the total points that each citizen will obtain.
His Excellency explained that the government's plan to grant land will include distributing 550,000 residential plots from the start. During the past months, the government was able to complete the secretion of lands for 17 new cities in all governorates except for the region, and the lands of 8 of them became technically complete and ready for distribution, amounting to more than 338 thousand housing units.
His Excellency directed the concerned government agencies to make every effort to provide the largest possible number of plots of land for all segments of Iraqi society.
Al-Kadhimi stressed that all groups that do not have housing, and have never benefited from a plot of land granted by the state, will be included in obtaining a plot of land, stressing that the priority in the plots of land will be for the families of the martyrs, the poor classes, and families with lower incomes.
Mr. Al-Kazemi indicated that there is another initiative parallel to the residential land distribution initiative, which is to grant loans to citizens in order to help build their housing units on their lands; Which will revitalize the urban movement and provide more job opportunities.
The session witnessed a review of the work of the Committee to Strengthen Governmental Measures to limit the spread of the Corona pandemic, especially in light of the noticeable increase in the number of reported injuries recently, as it was agreed to hold a session of the Supreme Committee for Health and Safety soon.
With regard to the preparations for visiting Arafat, it was approved that the Ministry of Finance allocate an amount of (2000,000,000) dinars, only two billion dinars, to the holy governorate of Karbala from the emergency reserve, for the purpose of securing the expenses of visiting Arafah and providing services to visitors, based on the provisions of Article (5) of the General Federal Budget Law for the year Finance/ 2021.
With regard to the government’s efforts to reform, combat corruption and waste, and properly plan for economic development in the country, Resolution of the Ministerial Council for Social Services No. (1 of 2021), which includes contracting with one of the major international companies specialized in management in the capacity of a consultant to the government, was approved by the Ministries of Planning and Finance, both according to Its tasks that are established in its law, or jointly and in a manner that ensures the provision of optimal advice to the Council of Ministers and the preparation of economic and financial indicators to guide the development path at the macro, sectoral and spatial levels.
The Council agreed that the Ministry of Planning would contract with international and local companies and consulting offices specialized in the field of project management and implementation, and prepare feasibility studies to ensure the best consistency and speed of project management and implementation.
He also agreed that the implementing agencies (sectoral ministries, governorates, and agencies) would seek the assistance and contract with global and local companies and consulting offices specialized in project management and implementation, and prepare feasibility studies, to ensure better performance, consistency and speed for project management and implementation.
Media Office of the Prime Minister
6 - July - 2021
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ARTICLE 2 (from Government of Iraq twitter account)
Cabinet spokesperson : It has been approved to grant the Ministry of Electricity has (50 billion IQD) for maintenance purposes.”
Cabinet spokesperson : “The @IraqiGovt has a determination to correct the course of the electricity sector and the available capabilities.” Cabinet Spokesperson : “ There is reassurance on the flow of Iranian gas that will keep electricity generation going, and we are working on the Gulf interconnection projects in addition to the Jordanian and Turkish lines.”
Cabinet Spokesperson - Culture Minister @HassanNadhem holds a press conference in Baghdad and briefs the media on today's cabinet session and developments in Iraq.
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ARTICLE 3
All the decisions witnessed by the cabinet session today, headed by Al-Kazemi
2021.07.06 - 20:23
Baghdad - people
The Council of Ministers, during its regular session, Tuesday, which was chaired by the Speaker of the Council, Mustafa Al-Kazemi, took a number of decisions, and issued a number of directives, related to electricity, services and health.
The Media Office of the Council of Ministers stated in a statement, of which “Nass” received a copy, (6 July 2021), that “Prime Minister Mustafa Al-Kazemi chaired, today, Tuesday, the twenty-sixth regular session of the Council of Ministers, in which the developments of events in the country were discussed, and the developments of events in the country were discussed, and the developments in the country were discussed. Topics included on the agenda, foremost of which is the file of electricity and residential lands for citizens.
The statement added that "the session witnessed extensive and lengthy discussions on the electricity file, and a detailed report from the Ministry of Electricity was reviewed on the challenges and obstacles and the most important proposed solutions to address the problem."
According to the statement, Al-Kazemi referred to "the sabotage attempts that targeted electric power towers last week, which were aimed at impeding the higher production ceiling that we reached, and stressed that the investigation will soon reveal the full reasons behind the decline in electric power in the country, and the repeated targeting of transmission towers."
Al-Kazemi stressed "the need to raise the state of alert among the security forces in order to protect the generation plants and power transmission towers, pointing to the ability to thwart a number of sabotage and terrorist attempts, and the arrest of a number of saboteurs and the killing of others, and the last thing that was thwarted was a sinister attempt that occurred this morning." Today".
The Prime Minister stressed that "this government has worked to increase the production of electric power, and the opening of several stations, and it is continuing to increase production and overcome obstacles to the opening of stations and contracting, indicating that poor planning, corruption and chaos in decision-making represent a heavy legacy in the electricity file, and the current government is working on override it and put this file on the right track."
The statement pointed out that "after the Cabinet discussed what is on its agenda regarding the electricity file, it took decisions related to the electricity sector represented in overcoming obstacles to many projects and protecting the towers, and the profitable oil ministry companies lending the Ministry of Electricity companies an amount of (50) billion dinars. To cover emergency expenses, the amount is paid within one year.
According to the statement, the Cabinet discussed "the file of allocating residential plots to citizens, and the right of every family to own decent housing that preserves its dignity."
Al-Kazemi confirmed, "He personally followed up the technical team of the website for its launch soon, as they were met today to see the developments regarding the project and the launch of the website, which will ensure a fair and transparent distribution away from favoritism, and according to the total points that each citizen will get."
He explained that "the government's plan for granting land will include distributing 550,000 residential plots from the start. During the past months, the government was able to complete the secretion of lands for 17 new cities in all governorates except for the region, and the lands of 8 cities became technically complete, and ready for distribution by more than 338." A thousand housing units.
The Prime Minister directed "the concerned government agencies to make every effort to provide the largest possible number of plots of land for all segments of Iraqi society."
Al-Kazemi stressed that "all groups that do not have housing, and have not previously benefited from a plot of land granted by the state, will be included in obtaining a plot of land," stressing that "the priority in the plots of land will be for the families of the martyrs, the poor classes, and families with lower incomes."
And Al-Kazemi indicated that "there is another initiative parallel to the residential land distribution initiative, which is to grant loans to citizens in order to help build their housing units on their lands, which will activate the urbanization movement and provide more job opportunities."
The session witnessed a review of the work of the Committee to Strengthen Governmental Measures to limit the spread of the Corona pandemic, especially in light of the noticeable increase in the number of reported injuries recently, as it was agreed to hold a session of the Supreme Committee for Health and Safety soon.
With regard to the preparations for the visit to Arafat, the statement indicated that “it was approved to allocate the Ministry of Finance an amount of (2000,000,000) dinars, only two billion dinars, to the holy governorate of Karbala from the emergency reserve, for the purpose of securing the expenses of visiting Arafah and providing services to visitors, based on the provisions of Article (5) of the Federal General Budget Law for the fiscal year 2021.
The statement continued, "With regard to the government's efforts to reform, combat corruption and waste, and properly plan for economic development in the country, the Ministerial Council for Social Services Resolution No. (1 of 2021), which includes contracting with one of the major international companies specialized in management in the capacity of a consultant to the government, was approved by the two ministries of planning. And finance, each according to his tasks established in his law, or jointly and in a way that ensures the provision of optimal advice to the Council of Ministers and the preparation of economic and financial indicators to guide the development path at the macro, sectoral and spatial levels.
According to the statement, the council agreed that the Ministry of Planning would contract with international and local companies and consulting offices specialized in project management and implementation, and prepare feasibility studies to ensure better consistency and speed for project management and implementation.
The statement added that "the council agreed that the implementing agencies (the sectoral ministries, governorates, and agencies) take over the assistance and contracting with global and local companies and consulting offices specialized in the field of project management and implementation, and the preparation of feasibility studies, to ensure better performance, consistency and speed for project management and implementation."
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ARTICLE 4
Al-Kazemi’s advisor sets a condition for dealing with financial abundance from high oil prices
07:53 - 06/07/2021
Baghdad - Mawazine News
Today, Tuesday, Adviser to the Prime Minister, Alaa Abdel Hussein, set the date for repaying the loans, while indicating that the government can only dispose of the financial abundance from the rise in oil on condition.
Abdul-Hussein said, "The improvement in oil prices in the global market is positive for the economies of the oil-producing countries, especially those that depend largely on oil in their budgets," noting that "the interest that Iraq derives during this year from the increase in oil prices will contribute to covering the budget deficit of 29 to 30 trillion dinars, if prices continue in this way until the end of the year.”
He added, "In the event that the price of a barrel of oil exceeds $77, this will contribute to achieving an abundance that is not very large, but will contribute positively to the state's general budget for the next year and will help the Iraqi government with the issue of repaying the loans on it."
Abdul-Hussein stated that "the current oil levels will provide, from now until the end of the year, surpluses that will help Iraq in the budget and achieve a financial abundance that the government cannot dispose of, except through a supplementary budget," ruling out "organizing a supplementary budget within the current data, but this abundance may be Next year, the government will help to repay the loans.”
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ARTICLE 5
Launching a new initiative to confront serious financial crimes in Iraq
July 6, 2021
The Independent/- The United Nations Development Program in Iraq, in cooperation with the United States government and the Supreme Judicial Council of Iraq, today launched a multi-year training initiative aimed at strengthening and improving the investigation process of complex organized and financial crimes in Iraq.
The training program “Organized and Financial Crime Investigations” focuses on implementing an integrated approach that will develop relevant skills, expertise, techniques and procedures for the benefit of Iraqi judges and other stakeholders in order to support effective investigations into complex financial crime cases. The program also raises a number of recommendations to improve policies and procedures for the investigation and prosecution of complex organized and financial crimes, and contributes to preparing a road map for implementing those policies.
As part of this initiative, UNDP will work with judges, prosecutors and financial crime investigators to implement workshops in collaboration with Iraqi government institutions dealing with organized and financial crime, and to draft a handbook on leading and conducting complex financial crime investigations.
The head of the Supreme Judicial Council in Iraq, Judge Faiq Zaidan, said that the goal of the program is to “strengthen the procedures and work of investigative judges to deal with and technically lead complex financial crimes investigations, in close cooperation with colleagues from the investigative bodies represented by the Integrity Commission, the Financial Supervision Bureau, and the Anti-Terrorism Office Money laundering and terrorist financing at the Central Bank, and the relevant investigation directorates at the Ministry of Interior.
While the US ambassador to Iraq, Matthew Tueller, indicated that Iraq needs “effective tools and policies to support the investigation of financial crimes and the prosecution of their perpetrators, because the motive behind the majority of these criminal crimes is personal enrichment at the expense of the Iraqi state and the people.”
Tueller said that the US State Department was pleased to fund the evaluation carried out by the United Nations Development Program to identify the reality of investigative capabilities in financial crimes in Iraq; The evaluation helped lay the foundations for the training program and was instrumental in formulating guidelines for financial investigation techniques for the benefit of judges and investigators.
Ms. Zina Ali Ahmed, Resident Representative of the United Nations Development Program in Iraq, noted that “this program and the accompanying document illustrate the complexity of organized financial crimes such as corruption, money laundering and the illegal accumulation of wealth, which contribute to creating an atmosphere of illegal privileges and injustice. These crimes also constitute a major obstacle to economic recovery, stability and development in Iraq. The United Nations Development Program is ready to work alongside the Supreme Judicial Council of Iraq and other institutions to help put an end to these crimes, and we extend our deep thanks and gratitude to the US Department of State for funding this important initiative.”
It is noteworthy that the United States provided funding for this project, which is implemented by the Security Sector Reform and Rule of Law Section of the United Nations Development Program in Iraq.
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