Fri. AM TNT News Articles 9-3-21




Finance Minister: The white paper seeks to fundamentally change the nature of the Iraqi economy

Finance Minister Ali Abdul Amir Allawi confirmed that the white paper seeks to fundamentally change the nature of the Iraqi economy, while noting that increasing the efficiency of clean energy will allow creating job opportunities, and revealed the disbursement of 120 billion dollars on electricity in seven years.

Allawi said in an article published by the Guardian newspaper, “Estimates indicate that poverty rates in Iraq doubled in 2020 due in large part to declining revenues Iraq We cannot allow the livelihoods of millions of families to continue to be dictated by the unpredictable fluctuations of the oil market.

He explained that “correcting this will require policies and investments that enable oil and gas producing countries such as Iraq From directing capital and labor to productive industries in the future and contribute to empowering and stimulating the role of the private sector. In fact, this was one of the main motives behind the economic reform white paper, which seeks to fundamentally change the nature of the Iraqi economy, allow the private sector to play a greater role, and reduce the dependence of Iraq on oil exports and a commitment to economic renewal focused on environmentally sound policies and technologies

Allawi continued that “Iraq It can play an important role by taking advantage of the huge potential to produce and provide clean energy, as oil and gas production accounts for up to 40% of the total greenhouse gas emissions and the continuous burning of natural gas in oil wells, which necessitates our commitment to reduce gas flaring and investing it,” stressing that “increasing energy efficiency will have other benefits as well, and this means that we will not need to spend huge amounts to increase the general level of electricity provision, and that the deficit IraqProviding enough electricity to meet demand has cost the country nearly $120 billion over the past seven years

He pointed out that “increasing energy efficiency will allow for job creation in areas such as building and maintaining energy-efficient green buildings, as a recently published International Energy Agency report showed. that for every $1 million invested in energy efficiency, up to 30 jobs are created, and that this is critical in a country likeIraq, which is witnessing large population increases that will need job opportunities in the future

He continued, “The worst potential solar sites are happening inIraq On up to 60% of direct energy from the sun, and that this percentage is higher than the best locations in Germany But nevertheless, the solar power plants it built Germany To date, it provides two and a half times more electricity to all oil, gas and hydroelectric plants operating in Iraqcombined.




And he noted “and let him be able to Iraq To move towards clean energy, it needs the financial resources, expertise and policies that will transform its economy in an equitable and affordable manner, and this requires international support. Otherwise, heading towards net zero carbon dioxide emissions by 2050 will be a distant dream.”   link

The US State Department: We will remain militarily in Iraq until the elimination of ISIS

US Assistant Secretary of State for Near Eastern Affairs David Schenker said: We will remain militarily in Iraq until the elimination of ISIS, according to urgent news broadcast by Al-Arabiya TV a short time ago.

The US Assistant Secretary of State for Near Eastern Affairs added: We will assist the Iraqi security forces and the Peshmerga in fighting terrorism.

And the US Assistant Secretary of State for Near Eastern Affairs continued: We look forward to holding the Iraqi elections on time and for a reform government to be produced.

And earlier, Acting Assistant Secretary of State for Near Eastern Affairs Joey Hood confirmed that the Afghanistan scenario will not be repeated in Iraq and Syria, and that the American forces will not withdraw from there, and Hood explained in an interview with Al-Hurra channel that the American forces are in Syria to fight ISIS and not to fight the Assad regime. .

He noted that the United States is working with the international community to change Assad’s behavior.  link




With the participation of Iraq.. Islamic Development Bank governors discuss supporting recovery from the effects of the pandemic and combating poverty

Iraq participated in the conference of the Board of Governors of the Islamic Development Bank in the capital of Uzbekistan, Tashkent.

The delegation of Iraq was headed by Mustafa Ghaleb feared, Governor of the Central Bank of Iraq.
The conference discussed a number of issues related to development in Islamic countries and the challenges that faced their economies in the wake of most of them being exposed to the repercussions of the Corona pandemic.

The conferees discussed enhancing the importance of the role of the Islamic Development Bank in assisting member states in sustainable recovery from the ongoing impact of the emerging Corona pandemic, efforts to combat poverty, build resilience and create job opportunities for young people.

It also discussed the implementation of national development plans for member states, stimulating green economic growth and mobilizing additional resources for development.

The governor, head of the Iraqi delegation, reviewed the government’s plans in the short and medium terms to revive the economy and achieve the goals stated in the government program and the role of the Central Bank in creating job opportunities through its various development initiatives.  link

Source: Dinar Recaps


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