Iraqi Prime Minister: $26 billion increase in foreign reserves within two years
Mubasher: The Prime Minister, Mustafa Al-Kazemi, said that before the advent of this government, the Iraqi economy was on the verge of collapse or its beginning, and there was no liquidity to pay salaries, noting that the first visit he made was to the Retirement Directorate to reassure retirees by paying their salaries, indicating that the reason for the That was the wrong policy in managing the economy, as Iraq relies only on oil, at a rate of 96%, and this is a wrong policy, a lazy policy, and when oil prices collapsed, major problems occurred.
Al-Kazemi added, during a press conference held in the government palace, that when the government took over its duties, the currency reserve in the central bank was close to 50 billion dollars, but today, exactly two years after the age of the government, the currency reserves in the central bank reach 76 billion dollars, and this is the fastest growth To reserve in the history of Iraq, and at the end of this year we pledge that if things go in this way that the reserve will be close to 90 billion dollars.
The Prime Minister continued, “We need approximately $7 billion a month to pay salaries, and relying on absolute oil is a wrong policy and there was no clear vision for all governments, so we launched a reform project represented by the White Paper. Everyone criticized the White Paper and accused it of failure, but it was what saved us from The situation is bad, and today the reports of the World Bank and the International Monetary Fund all show that Iraq is at the forefront of the fastest growing countries in the Middle East and also in the first ranks in the world.”
Al-Kazemi stressed that the white paper is a reform paper, and there has been no reform in the Iraqi economy for a long time, noting that the paper is bold, wishing the next government to maintain the methodology of this paper to preserve the economy.
The Prime Minister pointed out that the past governments did not provide job opportunities for citizens, and there was chaos in the appointments, and did not give space to the private sector, and there was a big problem that affected the Iraqi economic reality.
And he added, “This government has implemented some reforms and produced a new situation and growth of 9.5%, according to the reports of the International Monetary Fund. It is also noted that Iraq is the fastest country in the Arab world, and there are other projects that the government helped support.”
The Prime Minister noted that there are other development projects undertaken by the government within the white paper, as there is an important poor group of Iraqis and two groups of families of martyrs and the disabled who do not have a residential role, so it launched the (Dari) project, which includes distributing plots of land to citizens without intermediaries, but rather through an electronic system More than 3 million citizens applied for it, the number of those who fulfilled the conditions reached more than half a million citizens, and the number of those who would acquire land was about 300,000 in the coming weeks.
He said that the project has been converted from plots of land to low-cost residential houses, and the government will provide funds for this segment, and will be areas serviced by electricity, sewage, and schools, and built in a modern way.
Al-Kazemi indicated that there are various efforts made by the government in the field of roads and the construction of the Hawli line around the capital, Baghdad, which will address congestion in Baghdad, as well as follow up on external roads that have major problems, and a plan has been drawn up for the Baghdad-Hilla line and the completion of the maintenance process.
Al-Kazemi stated, “Some criticize that the prime minister interferes in the details. Yes, I enter into the details. If not, many issues would have been disrupted.”
On the agricultural file, the Prime Minister said that Iraq was previously an agricultural country, and agriculture contributed to an important sector of export, but unfortunately, Iraq today has become an importer of agricultural products, and the government has placed great interest in this sector, and the result of previous policies was Iraq’s lack of food security. .
The Prime Minister revealed that the government has developed an important plan under the title of the Green Paper; To follow up on agricultural reform and the agricultural file in Iraq. Iraq depends on oil for a large percentage of its revenues. In the future, we must rely on agriculture. Iraq has plenty of bounties, water, and agricultural areas that can be used.
If the parliament votes for the Food emergency law Wednesday, we still have to see if the rate is in the law and we still need the CBI to change the rate on forex so we will see.
Netglobal. The rate is expected to be released when the pass the law. It is a budget work around until they settle the government
“A reliable source revealed on Wednesday that the Coordination Framework (CF) will vote for approving the Emergency bill on Food Security and Development.”~https://shafaq.com/en/Iraq-News/CF-to-vote-and-approve-the-Emergency-bill-on-Food-Security
Al-Kadhimi: The white paper saved us. World Bank reports show rapid growth in Iraq’s economy
Before this government came, the Iraqi economy was on the verge of collapse or its beginning, we did not have the liquidity to pay salaries, the first visit I made was to the retirement directorate to reassure retirees about their salaries, and the wrong policy of managing the economy, Iraq depended solely on oil, and by 96% this is the wrong policy, a lazy policy, and when oil prices collapsed we faced big problems,” al-Kadhimi said at a press conference held today at the government palace, followed by Nas( June 7, 2022).
“We need about $7 billion a month to walk salaries, relying on absolute oil is wrong and there was no clear vision for all governments, so we launched a reform project, the White Paper,” he said.
“Everyone criticized the white paper and accused it of failure, but it was it that saved us from the bad situation, and today all the reports of the World Bank and the IMF show that Iraq is at the forefront of the fastest growing countries in the Middle East as well as in the top ranks in the world,” he said.
“The white paper is a reform paper, there has been no reform in the Iraqi economy for a long time, and the paper is bold and I hope the next government will maintain the methodology of this paper to maintain the economy,” he said.
“Past governments have not provided jobs for citizens, there has been chaos in appointments, no private sector has been given space and there has been a major problem that has affected Iraq’s economic reality,” he said.
“This government has carried out some reforms and produced a new situation and growth of 9.5%, according to the International Monetary Fund( IMF), and Iraq is also the fastest country in the Arab world, and there are other projects that the government has helped support,” he said.
“When we took office in the government, the central bank’s currency reserves were close to $50 billion, today, exactly two years after the government’s life, the central bank’s currency reserves are $76 billion, and this is the fastest reserve growth in Iraq’s history, and at the end of this year we pledge that if things go that way, the reserves will be close to $90 billion,” al-Kadhimi said.
“There are other development projects carried out by the government within the White Paper, there are an important poor group of Iraqis and two groups of families of martyrs and disabled people who do not have a residential role, so we launched a project (Dari) which includes the distribution of plots of land to citizens without intermediaries, but through an electronic system provided by more than three million citizens, the number of people who met the requirements more than half a million citizens, and the number of people who will receive land in the range of 300,000 in the coming weeks,” he said.
“The project has been converted from plots of land into low-cost housing houses and the government will provide funds for this segment, and areas will be serviced by electricity, sewers and schools and built in a modern way, and the citizen will receive an electronic bond at the beginning and after the full counting of the land, the final bond will be granted,” he said.
“There are various efforts made by the government in the field of roads and the construction of the houli line around the capital Baghdad, which will address congestion in Baghdad, as well as follow-up on external roads where we have major problems, and we have developed a plan for the Baghdad Hilla line and completed the maintenance process,” the prime minister said.
“Some criticize that the prime minister is interfering in the parts, yes, i would have been involved in the particles, otherwise a lot of issues would have been disrupted,” he said.
“Iraq was once an agricultural country, and agriculture contributed to an important sector of export, but unfortunately Iraq is now an importer of agricultural products, and we have placed a great deal of interest in this sector, as a result of previous policies, which was iraq’s lack of food security,” he said.
“We have drawn up an important plan under the title of the Green Paper to follow up on land reform and the agriculture file in Iraq, Iraq depends on oil for a large percentage of its revenues, and we want to rely in the future on agriculture, iraq has many goods, water and agricultural areas that can be used,” he said.
Al-Kazemi: 90% of the problems with the Kurdistan Region are “solved” and 10 percent will be resolved soon
Iraqi Prime Minister Mustafa Al-Kazemi announced today, Tuesday, that 90% of the outstanding problems with the Kurdistan Region have been “resolved”, noting at the same time that the remaining percentage is nothing more than “judging and differences” that will be addressed soon.
Al-Kazemi added in a press conference held in Baghdad, “Now the federal government and the Kurdistan Region are required to sit down to build elements of trust and good faith for both parties to search for solutions.”
Al-Kazemi was answering a question about the Federal Court’s decision regarding the private oil sector in the Kurdistan Region, and added, “It is natural that there are jurisprudence when there are multiple points of view.”
He pointed out that “the Federal Court ruled, and it is the highest court in Iraq, and its ruling is binding,” but he expressed optimism that a “solution” to this issue would be found.
He continued, “We have solved 90 percent of the problems with the region,” noting that the remaining 10 percent represent “judgments and differences that we will search for a solution soon.” link
Source: Dinar Recaps
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