Al-Hanana": There is no retreat from the forty-year-old's chest..and this is a message for the framework Iraqi News for APR 22 22

Al-Hanana": There is no retreat from the forty-year-old's chest..and this is a message for the framework Iraqi News for APR 22 22

These are the articles I discussed on the My FX Buddies Podcast:

Through the framework agreement and Al-Sadr.. The law announces the date for resolving the political blockage and forming the government of Iraq - urgent

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Today, Friday, the deputy of the coordination framework, Muhammad Al-Sihoud, revealed the date for resolving the political blockage in Iraq, and heading towards .forming the new Iraqi government

Chihoud said in a statement to (Baghdad Today) that "the political situation and the end of the blockage will be after Eid Al-Fitr, and this matter will be through the consensus and agreement of the Sadrist movement and the coordination ".framework

He stressed that "the two sides have no choice but this path, and on the contrary, ".the blockage will remain unresolved for a very long time

And he indicated that "all political parties have well understood the necessity of agreement and consensus between the Sadrist movement and the coordination framework, to end the political blockage, and for this reason, after Eid al-Fitr, there will be intense dialogue and negotiation to resolve this crisis as soon as possible ".through the agreement of all without marginalizing and excluding any party 

We are heading for a bigger blockage!..A deputy talks about the future of the political process in Iraq 

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Independent MP Yasser Iskandar Watut expected, today, Friday, that Iraq is heading towards more obstruction, especially with the failure of the political blocs to reach .any agreements Watout told (Baghdad Today) that "Iraq cannot bear to go back to square one, in which everyone rules, as we cannot know who is responsible for the performance.

Without any party, any bloc or coalition can form a government, we will not object to ".it, provided that the other party goes to the opposition

He added, "Iraq cannot bear the calamities, either we proceed with construction or we fail, and accordingly, if our decision is not Iraqi and not international, our ".situation will be from worse to worse

The Minister of Finance sets the objectives of the emergency support law

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Allawi said in a speech on the sidelines of the spring meetings of the Bank and the International Monetary Fund in Washington“The presentation of the emergency subsidy bill is designed for specific purposes, as citizens suffer from the rise in global commodity prices, which has had an impact on the poor classes,” noting that “what I want from the bill is to estimate the unexpected gains from the rise in oil and distribute them according to need, but through cash transfer or food basket

He added that "IraqHe receives the money as a result of exporting oil three months after the start of the export shipments,” noting that “the unexpected gains due to the rise in oil prices amount to 25 billion dollars after six months from now, and this is what was planned in the emergency financing law.”

He pointed out that “The Federal Government has not received any cash or account from the TerritoryKurdistanAlthough he is obligated to pay the revenues of oil exports, customs, fees and other taxes associated with the region, especially customs,” noting that “the federal government provided additional amounts to the region.”KurdistanAfter being unable to pay the civil servant's salary expenses last year, we will continue to do so until the accounts are settled betweenKurdistan Regional Governmentand the Federal Government."

 

Iraqi Finance: The gains of high oil prices are 25 billion dollars after 6 months from now

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Iraqi Finance Minister Ali Abdul Amir Allawi said today, Friday, that the gains from the rise in oil prices amount to $25 billion six months from now.

And the minister explained - in a speech on the sidelines of the spring meetings of the Bank and the International Monetary Fund in Washington, which was reported by the Iraqi News Agency (INA) - that work will be done to estimate the gains from the rise in oil and distribute them according to the need, either through the cash transfer or the food basket

Allawi stressed the importance of the draft law on emergency support for food security submitted to the House of Representatives for legislation, in light of the rise in global commodity prices, which had an impact on the poor classes.

The minister stated that the emergency support bill is designed for specific purposes, in light of the rise in global commodity prices, explaining that Iraq receives the funds from the export of oil three months after the start of export shipments

He stressed that the federal government in Baghdad has not received any payments from the Kurdistan region, although it is obligated to pay the revenues of oil exports, customs, fees and other taxes associated with the region, especially customs.

He pointed out that the federal government provided additional amounts to the Kurdistan region after its inability last year to pay the salaries of civil servants, stressing that it will continue until the accounts are settled between the Kurdistan Regional Government and the federal government.

Iran expresses its willingness to "nationalize the Iraqi oil industry"

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On Thursday, the Iranian Ministry of Oil announced its readiness to provide the necessary ground for transferring technical knowledge to Iraq and nationalizing the Iraqi oil industry.

"With the coordination that was made, I allowed the way to accept 400 to 500 Iraqi students annually to study in fields related to the oil industry in Iranian universities," the Iranian "IRNA" news agency quoted Taher Saeedi, an official in the Iranian Oil Ministry, as saying.

Taher Saeedi, a member of the Iran-Iraq Work and Activities Committee, added that "the transfer of technical knowledge and the development of specialized training is one of the priorities of this committee's work," noting that "the process of Iraqi oil production and extraction has become the preserve of foreign companies, especially American, French, Chinese and Italian companies at the same time." the present".

The Iranian official indicated, "Iran has not interfered until today in the Iraqi oil industry," adding, "Our country is ready to prepare the ground for the nationalization of the Iraqi oil industry, given the efforts of the Baghdad government to achieve this important goal."

Taher Saeedi concluded, "Iran has a high level of technical knowledge in the field of drilling and oil production, and this knowledge will be transferred through bilateral cooperation between the two countries," considering that "interaction and cooperation between the two countries in the field of oil production is the basis of common interests.

The largest banking institution in the world: Oil will rise to 130 dollars

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Morgan Stanley Bank expected that the price of Brent crude would rise to $130 per barrel during the third and fourth quarters of this year, an increase of $10 compared to its previous estimates, due to a larger than expected deficit in supplies from Russia and Iran.

The bank also expected the oil supply deficit to continue to reach about one million barrels per day in 2022.

And "Morgan Stanley" raised its estimates of the daily losses in the production of crude oil and Russian oil derivatives to two million barrels, from one million barrels previously, due to the widespread boycott of it

Allawi calls for a (revolution) in Iraq!

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Iraqi Finance Minister Ali Allawi said that the Iraqi economy needs a real revolution in changing its structure from rentierism to diversifying sources.

Allawi said, while heading the Iraqi delegation participating in the spring meetings of the International Monetary Fund and the World Bank in Washington, that saving the Iraqi economy and correcting the course of fiscal and monetary policy requires a real revolution to change its structure.

He added that the Iraqi economy needs to be transferred from a rentier economy that depends on oil as a main source of revenue to a diversified economy, especially after indicators showed that it is not possible to rely on oil to build and develop the country.

He explained that the Iraqis suffer from previous and inherited institutional laws and procedures that must be addressed if we are to invest the country's resources and its strategic location in a proper manner and adapt the economy to the post-oil era

Kurdistan government: We handed Baghdad the information on revenue and employees

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Kurdistan Regional Government spokesman, Jutiar Adel, confirmed today, Friday, that the regional government has handed Baghdad information related to revenues and employees, indicating that the distribution of employee salaries is subject to the availability of the required amounts.

Spokesman Adel said, in a press conference during the celebration of Kurdistan Press Day, that "a delegation from the regional government visitedBaghdadRecently, to discuss the file of salaries and other files, "noting that the meetings between the Federal Office of Financial Supervision and the Office of the Region are continuing

He pointed out that "all the required information was handed over to the federal government, which includes matters related to revenues, the number of employees, and others," noting that "the most important priorities of the territorial government is to secure employee salaries, in addition to addressing financial problems."

He noted that "the government is currently working with the amounts it receives, of which 88% are allocated to the salaries of employees," explaining that "the Erbil government is awaiting the report of the Ministry of Finance of the Territory, and if the necessary funds are available, the salaries will be distributed to the employees

 

Al-Hanana": There is no retreat from the forty-year-old's chest..and this is a message for the framework

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A source close to the office of the leader of the Sadrist movement in "Al-Hanana" said on Friday that the forty-day deadline given by Muqtada al-Sadr at the end of last month for the coordination framework for forming the government is still ongoing and there has been no change or retreat.

Al-Sadr’s position came after the Iraqi parliament failed for the third time in a row to hold a session to elect a new president for the country due to the intensification of the dispute between the Triple Alliance (the Sadrist bloc, the Kurdistan Democratic Party, the Alliance of Sovereignty), and the coordinating framework that includes Shiite political forces.

The election of the President of the Republic requires a quorum in which the presence of representatives constitutes two-thirds of their number, that is, more than 220 deputies out of 329, which was not achieved due to the boycott of the coordination framework that represents prominent Shiite parties, such as the State of Law bloc and the Al-Fateh Alliance, the umbrella under which the loyalist popular mobilization factions fall under. for Iran.

The source told "Al-Hanana" to Shafak News Agency; Al-Sadr is still insisting on his position regarding the government formation talks, and that the deadline given to the framework for the movement towards forming a government remains unchanged.

The source added; "Al-Sadr's message is that if they are able, let them form the government and not attract leaders who are implicated or governed by terrorism cases," referring to the settlement of the cases of Rafe' al-Issawi and Ali Hatem al-Suleiman, who believes that the head of the State of Law coalition, Nuri al-Maliki, is behind this settlement.

Previously, the director of Al-Maliki's office, Hisham Al-Rikabi, denied to Shafaq News Agency that Al-Maliki had interfered or had a role in dropping the charges against Ali Hatem Al-Sulaiman, the tribal leader in Anbar.

The news of the return of the wanted Iraqi judiciary, Ali Hatem Al-Sulaiman, to Baghdad, sparked widespread controversy among popular circles in general, and the Anbari community in particular, because he is one of the sheikhs of the Dulaim tribe in the city of Ramadi.

Political sources linked the return of Suleiman, and before him Rafie al-Issawi, and the support of Sattam Abu Risha, as a planner for the forces of the coordination framework to oppose Parliament Speaker Muhammad al-Halbousi, with the return of former leaders in his traditional stronghold, in response to his alliance with the leader of the Sadrist movement Muqtada al-Sadr.

United States: Iraq must form a new government to stop instability

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A senior US official said, on Saturday, that Iraqi political leaders should speed up the process of forming a government to stave off instability, as the country celebrates six .months since national elections

According to a report by the international website, which was translated by (Baghdad Today), US Deputy Assistant Secretary of State Jennifer Gavito said, "Our concerns are multifaceted and the continued delay in forming the government is, first and foremost, a delay in the ability of the new Iraqi government to provide services and ".implement the mandate that it provided. They were elected for him

This is manifested in the lack of budget and the ability to move forward with a“ major priority for us to have a partner to be able to work with in the priority areas,” .Gavito added

And she continued, "The time has come for Iraq's leaders to form a government now ".that the public has made their voices heard

And she indicated that "the United States is keen to work with the new government on key issues and common concerns, including Iraq's stability and sovereignty, the empowerment of all Iraqis, the protection of human rights against corruption, energy ".independence, climate, and health She noted that "the delay in this formation is delaying progress on these bilateral ".issues in all sectors including security, health care and the economy

Gavito explained that "the United States wants to see a strong, unified and resilient ".Iraq, and we will stay with Iraq to support the Iraqi people and be a friend to them

Effects of the IMF's reforms on Iraq

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The Spring Meetings of the International Monetary Fund and the Boards of Governors of the World Bank Group were launched in Washington, in which Iraq participated, for the period from 18 to 24 of this month, along with central bank governors, finance and development ministers, senior officials from the private sector, and representatives of civil society organizations. and academics to discuss issues of global concern, including the global economic outlook, poverty eradication, economic development, and aid effectiveness.

It is scheduled to hold, during the event, seminars, regional media sessions, press conferences, and a number of other activities and events, focusing on the global economy, international development and the global financial system, as all public events and events in which attendance is limited to invitees will be virtual via a network. Internet.

 

The Minister of Finance, Ali Abdul-Amir Allawi, headed the Iraqi delegation participating in the meetings, with the participation of the Undersecretary and a number of general managers.

Allawi said: “Rescuing the Iraqi economy and correcting the course of fiscal and monetary policy requires a real revolution; To change its structure and transfer it from a rentier economy that depends on oil as a main source of revenue to a diversified economy, especially after indicators showed that oil cannot be relied on to build and develop the country.

Allawi stressed the importance and necessity of involving the private sector to take its role in the overall economic activity and towards achieving comprehensive and sustainable development.

He continued, "We suffer from past and inherited institutional laws and procedures that must be addressed if we want to properly invest the country's resources and strategic location and adapt the economy to the post-oil phase."

And the Ministry of Finance stated, in a statement, that "the visit of the Iraqi delegation comes as part of efforts to strengthen and deepen the areas of economic cooperation with the two international institutions, as well as Iraq's intention to obtain technical and technical support from the US Treasury and other financial institutions."

She indicated, "Participation in the Spring Meetings of the International Monetary Fund and the Boards of Governors of the World Bank Group includes senior officials from the private sector, representatives of civil society organizations, and academics to discuss issues of global concern, including global economic prospects, poverty eradication, economic development, and aid effectiveness."

On facing the rise in food and energy prices around the world, the Financial Monitor report issued by the Fund showed how governments, facing record levels of debt and high borrowing costs, can take the best way to meet urgent needs, and strongly called for more international cooperation.

"Governments face difficult choices in this environment of great uncertainty," he said. It should focus on the most urgent spending needs and on mobilizing revenue to meet them.”

The report recommended the development of flexible and responsive financial strategies that are tailored to the circumstances of each country.

In the economies hardest hit by the war in Ukraine and sanctions against Russia, fiscal policy must act to counter the humanitarian crisis and economic turmoil. Given the high inflation and interest rates, fiscal support should be directed towards the most affected groups and priority areas.

In countries that are achieving stronger growth and where inflationary pressures remain high, fiscal policy should continue to move away from subsidies and return to normalcy.

In many emerging market and low-income economies facing tight financing or debt distress, governments need to prioritize spending and mobilize revenue to reduce exposures.

As for the commodity-exporting countries that benefit from higher prices, they should seize the opportunity to rebuild their protective margins.

Governments should prioritize protecting the most vulnerable as they move to respond to the surge in international commodity prices, a vital objective of which is to avoid a food crisis while maintaining cohesion. social.

Countries with well-developed social safety nets can provide temporary, targeted cash transfers to vulnerable groups while allowing domestic prices to be adjusted. This will reduce pressures on budgets and generate the right incentives to increase supplies (eg investment in renewable energy). Other countries could allow domestic prices to be adjusted more gradually and use existing tools to help the most vulnerable during this crisis, while taking steps to strengthen networks 

Safety.