A roadmap to drive the Iraqi economy forward- Government of Iraq

 

A roadmap to drive the Iraqi economy forward

 

22 Jun 2018 – 9:09 pm

 

Resounding Victory

At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupeid produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both people and economy.

Iraq’s economy has proved extraordinarily resilient. It has weathered serious crises, and still suffers from real structural issues within the production and financial sectors, the result of a myriad causes including the lack of strategic economic policymaking and national resources drained by military operations.

Despite the heavy burden of military liberation, the Government of Iraq remains committed to resurrecting the economy, and quickly: overcoming challenges such as the cost of basic services and civil servant salaries. To get back on track it must deal with the gap in investments which must be financed through internal or external sources, all while developing a competitive and attractive investment environment.

A Revitalized Vision

In August 2015, Iraqi PM Dr. Haider Al Abadi proposed a series of reforms centered around government efficiency and anti-corruption. Alongside ongoing oil revenues, local economic reform measures that cut down on non-vital public expenditure and raise collection rates from sources such as customs, duties and other sources of public revenue, this pathway should have a substantial and measurable impact on the fiscal budget and domestic resources available.

The Government of Iraq also implemented a number of reforms aimed at increasing Iraq’s competitiveness on the investments and ease-of-doing-business index, through removing barriers and cutting down on red tape facing local and international investors. These reforms now allow entrepreneurs and investors to start up their operations in a much shorter time while streamlining the government record-keeping and tax accounting.

A New Dawn for Iraq

Fiscal reform policy effect can be seen in several sectors, and an increased stream of non-oil revenues is now apparent. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively; the Iraqi securities exchange also witnessed an increased trading volume that grew from ID 516 bn to ID 900 bn in the same period.

The World Bank confirms that Iraq has been successful in implementing structural reforms in local regulation, helping to facilitate new businesses, supported by better access to credit and financing facilities.

“The Government of Iraq has launched a fundamental economic reform agenda based on the framework of its 2014-2018 Government Programme which put institutional economic reform and private sector development at the forefront of its priorities,” said Saruj Kumar Jaha, Regional Director for the Middle East at the World Bank.

The government has also strengthened the credit information infrastructure with the launch of a credit information bureau managed by the Iraqi Central Bank. As of January 2017, this includes five-year histories of 234,967 individual and 4,877 commercial loans.

The government has also succeeded in enhancing the country’s investment ecosystem and positioning, ratifying the following economic and investment agreements:

  • In 2015, Iraq joined The International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), one of the key instruments of international law that protect and promote foreign investment.
  • In 2017, Iraq ratified the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the Mauritius Convention on Transparency).
  • In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

A Bright and Productive Future

Held in Kuwait, Iraq reconstruction conference which wason 12 -14 February 2018. To support to the country following Daesh’s territorial defeat in 2017. The conference, which took drew participants from 76 countries and regional and international organizations, 51 development funds and financial institutions, and 107 local, regional and international nongovernmental organizations, as well as 1,850 private sector representatives .

Investment Opportunities Symposium was held in April 2018. The Symposium demonstrated huge local and international investment appetite throughout all of Iraq’s different provinces and promoted new economic models for Iraq such as Public-Private-Partnerships. PPPs should create excellent opportunities for the country, combining support from public authorities, businesses and civil society. Nine MoUs were successfully agreed, including:

  • Central Markets Rehabilitation – Al Mustansiriyayah, Al Adl, Al Amal, Al Salihiyya, and Al Shaab. Total project cost: $250m, awarded to Daeco of the UK.
  • Al Muftiyya Project in Basra – Residential, Commercial and Leisure Development. Total project cost $234m, awarded to Daeco of the UK.
  • Soda Complex and Table Salt Production Plant in Al Muthanna. Total project cost: $80m, awarded to Al Ghaith of the UAE.
  • 3 MoUs with Kuwaiti investment group Jawad Bukhamseen to develop hotels and commercial centers in Al Kadhimiyyah, Kerbalaa, and Samarraa.
  • A 5-star hotel and commercial center in Baghdad.
  • The Satellite E-Government Project.
  • Development of the Baghdad Industrial City.
  • Expansion and development of Al Andalus Specialist Hospital in Baghdad.
  • Establishment of a branch of an international specialized university in Baghdad over 25,000 square meters, awarded to Al Hawadi Group of the UAE.

These exciting new initaitives correspond to Iraq’s 5-year plan for 2018-2022. The five-year plan seeks to restructure the economy, putting good governance and multi sector reform at its heart, focussed on the recovery of provinces most affected by internal displacement and difficult security conditions.

The development of Iraq’s investment environment will also enable the development of various sectors and create more than two million new jobs and more integration with regional economies and the global community, paving the way to a bright future.

https://gds.gov.iq/2018/06/22/roadmap-drive-iraqi-economy-forward/

Parliament violates the constitution in a “blatant and frank”

Date of release: 2018/6/22 18:46 • 136 times read
[Ina-Baghdad]
The House of Representatives on Friday, in an extraordinary session, the first reading of the proposed law of the fourth amendment to the Law of the elections of the House of Representatives No. 45 of 2013.
The reasons for the fourth amendment “in view of the issuance of the decision of the Federal Supreme Court No. 99, 104 and 106 / Federal / Media / 2018) on 21/6/2018 and to oblige the House of Representatives to take what is necessary to implement some of its paragraphs, which requires the continuation of the work of the House of Representatives and for the purpose of following up the implementation of the resolution and ensure Integrity of the process of counting and sorting, initiated this law. ”
The speaker of parliament, Salim al-Jubouri, said that “the House of Representatives is continuing to complete the task in a clear and unambiguous constitutional way to establish the rights fixed and restore the rights vested within the disciplined procedures will cut all the charges against the electoral process and contribute to the detection of the manipulators of the will of the people and hold them accountable by law, And their functional or political positions. ”
Law experts confirmed that the House of Representatives can not extend its work, and that the constitutional text is clear and explicit.
Article 56 of the Constitution stipulates: First: The term of the electoral cycle of the Council of Representatives shall be four calendar years, beginning with the first session, and ending at the end of the fourth year. Second: The new Council of Representatives shall be elected forty-five days before the end of the electoral cycle Former
“. http://www.alliraqnews.com/modules/news/article.php?storyid=75113

The House of Representatives resumes its session headed by Jubouri

Policy  2018/06/22 17:06

Baghdad today – Baghdad

The House of Representatives announced on Friday, the resumption of its meeting on the “extension of the work of parliament” headed by Salim Jubouri, and the presence of about 90 deputies.

The parliamentary source, in an interview with (Baghdad today), “The House of Representatives resumed its special session to extend the work of Parliament, this afternoon, headed by the President of the Council, Salim al-Jubouri, and the presence of about 90 deputies.”

The source added that “the Legal Committee in the Council submitted (the law extending the life of the House of Representatives)

The parliamentary source, reported earlier on Friday, that the Speaker of the House of Representatives Salim al-Jubouri, entered the parliament hall in the presence of less than 25 deputies, while he stressed that the invitation to attend this meeting comes to extend the life of the House of Representatives.

The parliamentary legal committee had revealed earlier in the day, that the House of Representatives will discuss the extension of its work to oversee the process of counting and sorting the results of the election, and not to enter the country with a constitutional vacuum, she said.

The presidency of the parliament, called on Thursday, to convene an extraordinary session on Friday.

According to the Information Service of the House of Representatives, the Presidency of the Council called on the deputies to attend an extraordinary session on Friday, 22 June at 4 pm.

The Federal Court, on Thursday (June 21, 2018), approved the constitutionality of all the articles of the Third Amendment Law of the Elections Law, which was legislated by the House of Representatives on the 6th of the same month, while the third article of it on the cancellation of the votes of voters abroad and displaced people and the movement of population in four provinces, In the Kurdistan region.

http://baghdadtoday.news/ar/news/49862/%D9%85%D8%AC%D9%84%D8%B3_%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8_%D9%8A%D8%B3%D8%AA

{Euphrates News} publishes the law of the fourth amendment to the electoral law

 

Release Date: 2018/6/22 18:09 • 87 times read
(Baghdad: Al-Furat News) The Parliamentary Information Service published the Fourth Amendment Law to the Law of Elections of the House of Representatives No. (45) for the year 2013.
According to the text of the law: On behalf of the people, the Presidency of the Republic
on the basis of the provisions of item {1} of Article {61} and Article (73) of Article (73) of the Constitution and Article (IV) of Article 122 of the Constitution.
Issuing the following law: No. {} for the year 2018
Law of the Fourth Amendment to the Law of the Iraqi Council of Representatives No. 45 of 2013, and provides:
Article -1 – The House of Representatives continues to work until the ratification of the Federal Supreme Court on the results of the elections held on 12/5/2018
Article –
Article 3: This Law shall be implemented from the date of voting thereon.
Positive reasons:
Due to the issuance of the decision of the Federal Supreme Court No. 99, 104 and 106 / Federal / Media / 2018) on 21/6/2018 and the judge to oblige the House of Representatives to take the necessary to implement some of its paragraphs, which requires the continuation of the work of the House of Representatives and for the purpose of following the implementation of the resolution and ensure the integrity of the process of counting and sorting, Law. Finished

The Iraqi parliament ends the first reading of the proposed law of the fourth amendment to the electoral law

– 6/22/2018 6:07:00 AM

Khandan –

The Iraqi Council of Representatives, after the resumption of the extraordinary session headed by Salim al-Jubouri, Speaker of the House of Representatives on Friday, the first reading of the proposed amendment to the Fourth Law of the elections of the House of Representatives No. 45 of 2013.

The media department of the House of Representatives in a statement, said Jubouri said at the outset of the meeting, The Council in a special session to continue to correct the democratic process, which took on the shoulders and work throughout the legislative years to achieve, “noting that” the Council is accelerating its steps in order to achieve the constitutional framework controlled within the treatment in favor of the process and establish the historical contexts and precedents She saw her elimination yesterday, ” and praised” the role of the judiciary and full response to all political forces and their compliance with Ray judiciary , which is the sanctuary of sole separation and the rule of constitutional issues in the hope of a counting comprehensive in all centers and electoral stations in Iraq. ”

The Speaker of the House of Representatives stressed that “the nominal goal of the Council is to protect the political process that has shed rivers of Iraqi blood honorable to preserve and make it clear to all the elections in which to discredit and thwart all corrupt attempts to pollute this legitimacy,” explaining that “the Council is continuing to complete the task in a clear constitutional manner In a manner that can not be confused to fix the fixed rights and restore the rights vested within the disciplined procedures will cut all the charges against the electoral process and contribute to the detection of the manipulators of the will of the people and accountability by law and pursue them, whatever their addresses and positions of political or political.

Jubouri noted that “today’s meeting aims to extend the life of the legislative authority and without the consequences of any financial burden of the state and parallel with the age of the executive authority to prevent the legislative vacuum and maintain the balance of the course of the State under the role of the judiciary to supervise the counting process as stipulated The law of the third amendment to the law of elections of the Council of Representatives and approved by the Federal Court, “noting that” all this was not within the objectives of the parties and individuals or lists, but the sovereign interest of the Council on the legitimacy and legitimacy of state institutions, which will be based on the will of the people and to maintain the path Democratic Iraq “.

For his part, MP Niazi, said the decision of the House of Representatives to submit a request signed by 60 deputies to the Presidency of the Council includes the proposed law to continue the work of the House of Representatives until the completion of the process of counting and sorting by hand.

The statement said that the Council completed the first reading of the proposed law of the Fourth Amendment to the Law of the elections of the House of Representatives No. 45 of 2013 and submitted by the Legal Committee in view of the issuance of the Supreme Court decision No. (99, 104 and 106 / Federal / Media / 2018) on 21/6/2018, The deputies to take the necessary to implement some paragraphs, which calls for the work of the House of Representatives and for the purpose of follow-up implementation of the resolution and ensure the integrity of the process of counting and sorting.
It was then decided to resume the session on Sunday 24/6/2018.

http://www.xendan.org/ar/detailnews.aspx?jimare=20103&babet=71&relat=8030

Al-Abbadi’s office issues a strongly worded statement on electoral violations

Editorial Date: 2018/6/22 17:30 • 44 times read
[Ayna-Baghdad] The
Office of Prime Minister Haider al-Abbadi issued a strongly worded statement on electoral violations.
“The Prime Minister, Commander-in-Chief of the Armed Forces, Haidar al-Abadi, has made efforts to allow the integrity of the procedures of the electoral process, including the request of the Council of Ministers to examine the electoral bodies,” spokesman Saad al-Hadithi said in a statement. By international companies are careful to ensure that the election results are not manipulated. ”
He added that “the violations that have occurred but produced by the system of party quotas, which went to the masses in the selection of the Board of Commissioners, which proved that contrary to the general interests of the country.”
He explained that “the abuse of the electoral process was due to fraud and violations of electoral systems and blatant interference in the work of the Commission, which was practiced by political blocs bear the responsibility of stealing the votes of citizens were not safe on the interests of Iraq.”
“The commander-in-chief of the armed forces was very careful to keep the armed forces away from any interference in the elections and issued strict instructions to protect voters and electoral centers. Our heroic forces succeeded in their mission and there was no security breach,” he said.
Al-Hadithi pointed out that “the protection of the political process and democracy is a commitment to laws, decisions and judgments and their dimensions from any other class effects.”

Legal expert: Extension of the work of Parliament is contrary to the Constitution

Editorial Date: 2018/6/22 7:30 • 267 times read

The legal expert, Ali al-Tamimi, ruled out the extension of the work of the House of Representatives, whose current term expires at the end of this month for violating the constitution.

Tamimi told the {Euphrates News}, “The work of the House of Representatives ends on June 30 and the end of parliament, the government ends according to international custom and the government becomes caretaker government and lack of authority.”

“It is impossible to extend the work of the House of Representatives under Article 56 of the Constitution, which set four years for the parliamentary session, and will be extended only if the Constitution was amended.”

“The decisions of the Federal Court are binding and binding on all authorities in Article 94 of the Constitution. Consequently, the main application will focus on the parliament to hold an extraordinary session to include the decision and make it enforceable.” The 9-member Board of Commissioners also became judges according to the amendment and supported by the court. In all of Iraq to match the electronic results. ”

He pointed out that “the Federal Court has confirmed that in the event of problems in the full electoral station, the results are canceled and also talked about the statistics of other stations,” explaining that “the Federal Court supported the process of manual counting and counting throughout Iraq, but it only reversed the manual counting and counting in the minority And abroad. ”

Al-Tamimi suggested that “a change in the electoral equation after the process of manual counting and sorting will affect the alliances and their form as will be affected by the results and all the wonders of the birth of a coalition blew up the decision of the Federal Court.”

The Federal Court announced, on Thursday, the constitutionality of the decision of the House of Representatives in the Third Amendment to the Law of the elections of the Council of Representatives No. 45 of 2013 amended, and the response of the appeals filed.

It is noteworthy that the House of Representatives voted in its extraordinary session held on June 6, on the proposed amendment to the Third Law of the elections of the House of Representatives No. 45 of 2013 “with the aim of achieving transparency in the results of the elections and maintain the democratic system of Iraq and protect the electoral process to ensure confidence in the integrity of the elections and fairness and The lack of validity of the acceleration of electronic results and caused by the lack of real results and for the manual counting and sorting across Iraq. ”

http://alforatnews.com/modules/news/article.php?storyid=167565