Posts Tagged ‘World Bank’

The World Bank warned the Iraqi government from interfering in the work of the Central Bank

Araji: The World Bank warned the Iraqi government from interfering in the work of the Central Bank

Thursday, 27 March / March 2014 12:10

[Baghdad where]

The MP said the Liberal bloc Bahaa al-Araji said that “the World Bank warned the Iraqi government from interfering in the work of the Central Bank and called for government intervention to stop the work of the central bank.

Araji said in a statement received by all of Iraq [where] a copy of it today, “We had already warned of the deterioration of the economic situation and the country’s financial policies because of the failure to Read more…

The World Bank warned the Iraqi government from interfering in the work of the Central Bank

Araji: The World Bank warned the Iraqi government from interfering in the work of the Central Bank

25/03/2014 11:09

{Baghdad: Euphrates News} said Liberal MP from the parliamentary bloc Bahaa al-Araji, that the “international student Nabek reform policies and non-interference by the Iraqi government in the political CBI especially with regard to the subject of borrowing.”

He said al-Araji, said in a statement received by the Euphrates News Agency {} a copy of it on Tuesday, “We had already warned of the deteriorating Read more…

Cabinet denies withdrawal of “the hand of Abdul-Basit Turki,” the management of the Central Bank

Cabinet denies withdrawal of “the hand of Abdul-Basit Turki,” the management of the Central Bank

03/21/2014 17:40

Follow-up – and babysit – denied the General Secretariat of the Council of Ministers, on Friday, what some of the media about the withdrawal of the hands of Abdel Basset Turki of the Central Bank, but pointed out that the first and second sessions of the Turkish end as head of the Office of Financial Supervision, as called for careful and cautious in the transfer information.
The Secretariat said in a statement received news agency public opinion, a copy of “Central Bank Governor Abdul-Basit Turki will end its second and Read more…

Kurdistan: Baghdad does not respond to our proposals on oil and budget negotiations stalled

Kurdistan: Baghdad does not respond to our proposals on oil and budget negotiations stalled

03.09.2014 (0:01 pm)

BAGHDAD / Mohammad Sabah

Download the Kurdistan Alliance, on Saturday, the responsibility of the central government stopped negotiations with the Kurdistan Regional Government.
He revealed proposals to participate in the management of Sumo in addition to the provision of a new law in the next session, as well as the deduction of the region’s share of the fund the DFI, stressing that Baghdad did not respond to these Read more…

Economic Commission: We do not need to borrow from the World Bank to finance the dry canal

Economic Commission: We do not need to borrow from the World Bank to finance the dry canal

05/03/2014

BAGHDAD / JD / .. Committee warned the economy and investment representative, of the increase due to the financial burden the state to borrow from the World Bank for the implementation of large projects in the country.
The committee member said Jassim Chenkali Agency / JD /: “The claim by the Iraqi government to grant loans and from the World Bank for the implementation of the dry canal project will increase the financial burden of the state, because this is Read more…

World Bank lends 355 million dollars to Iraq

World Bank lends 355 million dollars to Iraq

Mon, March 3, 2014 18:30

BAGHDAD / translation Baghdadi News / .. Iraq signed with the World Bank signed an agreement on a loan of 355 million dollars to develop the dry canal project and finance the construction of the road network of domestic and international presence of the Minister of Finance Agency purity of net debt and the Minister of Construction and Housing Mohammad Darraji and World Bank representative Fred bin Haj and a group of Commission services and reconstruction in Iraq’s parliament, according to Read more…

Iraq signed a contract to finance the dry canal project with the World Bank

Iraq signed a contract to finance the dry canal project with the World Bank

02-03-2014 03:52 PM

Baghdad (news) .. Iraq signed by the representatives of the Ministry of Construction and Housing with World Bank financing contract dry canal project in Iraq, attended by the Minister of Construction and Housing (Mohammed Darraji) and the Minister of Finance Agency (purity of net debt) and a representative of the World Bank (Fred Belhadj). Minister Construction and Housing during the signing ceremony that the Read more…

Economic Commission expects rise in the dollar due to delay budget

Economic Commission expects rise in the dollar due to delay budget

03/01/2014

BAGHDAD / JD /. Economic Commission predicted high sale price of the dollar, due to the delay in approving the budget, while suggesting that the long delay will lead to disruption of the pay of retirees, and install the grades
A member of the Economic Commission MP Albjara told Nora / JD / that the issue of the budget has become a political issue more than it is the subject of state-building economic cares, expressing the regret of the government to pursue the introduction of Read more…

Because of the deficit .. warnings from the International Monetary Fund objection on the budget

Because of the deficit .. warnings from the International Monetary Fund objection on the budget

02/27/2014

BAGHDAD / JD / .. Committee warned the economy and investment representative, the objection of the International Monetary Fund on the federal budget for the year 2014 due to increase its fiscal deficit to more than 35 billion dollars.
A member of the Committee MP Hussein Mura’bi Agency / JD /: “The increasing deficit of the general federal budget to more than 35 billion dollars will play objection large and categorical rejection by the International Monetary Fund and the World Bank, because it will lead to Read more…

Fears of increasing the federal budget deficit to 50 billion dollars

Fears of increasing the federal budget deficit to 50 billion dollars

02/18/2014

BAGHDAD / JD / .. A number of MPs and economists fear of increasing federal budget deficit public to (50) billion dollars, as a result of the adoption of the pension law and allocations petro $ 5, which would be about 7 trillion dinars, and the allocation of (5) trillion dinars covered by amending the law of political prisoners, in addition to the approval of the Unified Retirement Law, which included a significant increase salaries of retirees.
Experts warned during their talk Read more…

Chihod: 5 petro-dollars and pensions will make the budget deficit (50) billion dollars

Chihod: 5 petro-dollars and pensions will make the budget deficit (50) billion dollars

12-02-2014 11:24 AM

Baghdad (news) .. MP / National Alliance / Mohammed Saadoun Chihod, that the amounts of petro $ 5 and pensions will make the budget deficit is 50 billion dollars. said Chihod in a statement received Agency (news) copy of it: that ‘the total amount of the budget is not enough to meet the claims, especially after claims oil-producing provinces amounts of petro $ 5 and approval of the pension law in its current form, explaining that the Read more…

World Bank mission to discuss activating the partnership to develop a permanent banking system

Net and the World Bank mission to discuss activating the partnership to develop a permanent banking system

09-02-2014 02:26 PM

Baghdad (news) .. Search and Minister of Finance Agency purity of net debt with the President of the World Bank mission in Iraq, Mary Helen ways of activating the strategic partnership permanent access to the banking system overall in the country. According to a statement of the ministry received the Agency (news) copy of it: that the Ministry of Finance emphasizes the importance of cooperation with the World International because of its Read more…

Finance: The World Bank supports the financial sector in Iraq to get to the sophisticated financial transactions

Finance: The World Bank supports the financial sector in Iraq to get to the sophisticated financial transactions

01/12/2014 11:22

Minister of Finance Agency purity of net debt

Tomorrow’s Press / Baghdad welcomed the Minister of Finance Agency purity of net debt, Sunday, the efforts of the World Bank in the framework of the development and restructuring of banks Iraqi government and the support of the financial sector of Iraq, as pointed out that restructuring of banks Iraqi government, which is implemented by the cadres of global will reflect positively on the level of Read more…

Finance alludes to the difficulty of restructuring state-owned banks

Finance alludes to the difficulty of restructuring state-owned banks

12/28/2013

BAGHDAD / JD / .. Suggested the Ministry of Finance to the difficulty of restructuring state-owned banks, while confirming that the restructuring process requires time and stability are not available at this time.
The director of the banks in the Ministry of Finance Hilal Taan told the reporter / JD / put the bank Rafidain and Rasheed key in the country very well.
He cautioned that engage in the process of restructuring these banks require time and stability are not Read more…

Finance: Iraq has a large budget and is not in need of international loans

Parliamentary Finance: Iraq has a large budget and is not in need of international loans

23-12-2013 10:27 AM

Baghdad (news) .. Confirmed the parliamentary finance committee, said that Iraq does not need loans of international financial, indicating that the loan provided by the World Bank amounting to 355 million dollars was intended to link the economic policy of the Iraqi internationalist. said Committee Vice Chairman Ahmed Faizullah (of the Agency news): Iraq has a financial budget is very large estimated at more than 174 trillion dinars and Read more…

World Bank lends Iraq $ 355 million for the development of roads and safety

World Bank lends Iraq $ 355 million for the development of roads and safety

Posted, 12/21/2013 19:18

Project will be implemented in conjunction with the Iraqi government, which would contribute $ 384 million dollars, and the Islamic Development Bank, which will amount to $ 217 million as a first stage.

BAGHDAD / obelisk: The Board of Executive Directors of the World Bank to provide a loan of 355 million dollars to the Iraqi government to finance the Read more…

Iraq improved its rank in World Bank’s Doing Business report of 2013

Iraq improved its rank in World Bank’s Doing Business report of 2013

18 Dec 2013

Overall Rank of 151

For the last few years World Bank is publishing its Doing Business report on laws rules, and taxes that regulate business around the globe. So far, Iraq has done poor performances as per those reports. Previously the country was regulated by the autocratic dictator Saddam Hussein. The socialist state-run economy of Iraq was not up to the mark to attract the investors within the country.

Later comes the saga of wars and sanctions within the country for a Read more…

Suhail looking with a delegation from the World Bank to develop banking systems in the country

Suhail looking with a delegation from the World Bank to develop banking systems in the country

28-11-2013 04:37 PM

Baghdad (news) .. Search first deputy chairman of the Iraqi Parliament Qusay al-Suhail with a delegation from the World Bank, headed by the Regional Director of the World Bank Fred Belhadj, the development of human capacity and Iraqi banking systems in place in the country, as well as future plans for the institutions of the World Bank in Iraq. According to a statement from the Media Office of Sohail received (Agency news) copy of it: that al-Suhail today received a delegation from the World Bank and discussed with them a number of issues concerning the Read more…

Finance is seeking to adopt the electronic system in banks

Finance is seeking to adopt the electronic system in banks

11/12/2013 12:00 AM

Real Estate Bank confirmed tighten control and audit
Baghdad, Sabah Ahmed Abed Rabbo
, the Ministry of Finance to adopt labor-mail in government banks instead of the manual in collaboration with the World Bank within the project of restructuring the banks, while stressing the Land Bank that this process needs to control and audit electronic severe to prevent money laundering.
said Deputy Finance Minister Fadhil Abdul-Nabi statement (morning) that the ministry is currently working on the adoption of the electronic system in Read more…

BANKING EXPERT URGES FOR STRENGTHENING IRAQI DINAR – NOT JUST LOCALLY BUT GLOBALLY

BANKING EXPERT URGES FOR STRENGTHENING IRAQI DINAR – NOT JUST LOCALLY BUT GLOBALLY

24 Oct 2013

Majid Al Suri, Iraqi banking expert, opined that Iraqi dinars should be strengthened and turned it into a currency is possible to deal at the international level, not just local.
He further remarked, “The local and international situations inappropriate disengagement of the Iraqi dinar to the US dollar, ruling out the success of the disengagement of the Iraqi dinar to the dollar being tied to the global system and Read more…