“Waiting for a Seated Government” – Fri. PM KTFA Thoughts/News 4-22-22



Samson » April 22nd, 2022

Establishing a “Sovereign Fund” ..  An economist calls for a mechanism for disbursing financial surpluses

22nd April, 2022

The economist Ahmed Eid called, on Friday, to put in place a specific mechanism for disbursing the financial surpluses, which came as a result of the rise in oil prices, indicating that the development of the agricultural and industrial sector through the surplus funds has become necessary.

Eid said in a statement to the “National News Center”, “The oil price surplus should be invested by establishing a sovereign fund that guarantees future generations their rights from the national wealth that Iraq enjoys, as well as the importance of working on important strategic investment projects that enhance the economic resources it needs.” Iraq”.

He added, “Through financial surpluses, the industrial and agricultural productive sectors must be developed to provide a local and national industry that achieves self-sufficiency at the industrial and food levels.”

He pointed to “the necessity of investing the financial surplus of oil correctly,” explaining that “the surplus funds as a result of the rise in oil prices are very large, and a certain mechanism must be established for its disbursement.”  LINK

Adviser to the Prime Minister: Corruption is a major reason for investors to stay away from Iraq

21st April, 2022

The Prime Minister’s Advisor for Reconstruction Affairs, Sabah Abdul Latif, confirmed today, Thursday, that corruption is a major reason for investors to stay away from Iraq.

Mashtat said, “There are several factors that contributed to the low level of Iraq’s attraction to investors, and among these factors is corruption, and the absence of basic design, which is one of the important factors for attracting investment.”

And he indicated that “investment success needs a system of factors, as a vision must be developed for investment,” calling for “the Baghdad Municipality to launch the development plan.”  LINK

Surprise disclosure: Insisting on the Food Security Law aims to disrupt the 2022 budget

21st April, 2022

Thursday, the expert in Iraqi economic affairs, Jalil Al-Lami, warned against the parliament’s legislation of the Food Security Law, sent by the government.

Al-Lami said, in a statement to (Baghdad Today), that “the government’s insistence on passing the Food Security Law, the first and second reading of which took place in the House of Representatives, is a door to corruption, especially since an amount of twenty-four trillion Iraqi dinars has been allocated for this section.” And what is decided in the draft federal budget for 2022 does not exceed five trillion Iraqi dinars.  LINK

Sir » April 22nd, 2022

IMO- This article states that they have received and reviewed the budget! What could be the hold up?  

Clare » April 22nd, 2022


Source: Dinar Recaps


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