Iraq and the World Bank are discussing supporting the government’s plans for reconstruction and economic development

Editorial date: 2019/4/12 18:51

(Baghdad: Al-Furat News) Finance Minister Fuad Hussein intends to discuss future cooperation between Iraq and the World Bank in light of the priorities and needs of the Iraqi government.

The finance minister arrived in Washington today and discussed with World Bank Group President David Malabas the role of the bank in supporting the Iraqi government’s plans for human development, sustained economic growth, reconstruction of a post-Saddam Iraq, as well as an exchange of ideas, a statement from the Ministry of Finance said. And views on the development and revitalization of the public and private economic sector and poverty reduction.

According to the statement, the Deputy Prime Minister and the ministerial delegation, which includes the Minister of Health and a number of Directors General, will hold a series of meetings with the directors of the Bank and the Member States, according to the Ministry of Finance.

The World Bank has 189 member states, including Iraq, which it joined in 1945.

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Iraq discusses with the World Bank its role in supporting economic growth and reconstruction

Economy | 04:30 – 12/04/2019

BAGHDAD (Reuters) –

Deputy Prime Minister Fouad Hussein on Friday discussed with World Bank officials the role of the latter in supporting the Iraqi government’s plans for human development, sustainable economic growth and reconstruction of Iraq.

“The Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein arrives in the US capital of Washington to attend World Bank meetings and will discuss future cooperation between Iraq and the World Bank in light of the priorities and needs of the Iraqi government,” a statement from Hussein’s office said. .

“He met with World Bank Group President David Malabas and discussed with him the Bank’s role in supporting the Iraqi government’s plans for human development, sustained economic growth and reconstruction of a post-Saddam Iraq, as well as exchanging ideas and views on the development and revitalization of the public and private economic sectors and reducing poverty, .

The Deputy Prime Minister and the accompanying delegation, which includes the Minister of Health and a number of Directors General, will hold several meetings with the directors of the Bank and the Member States.

It is worth noting that the World Bank has 189 member states, including Iraq, which he joined in 1945. He ended 29 / h

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The agenda of the session of parliament on Saturday

Editorial date: • 2019/4/12 12:00

(Baghdad: Al-Furat News) The House of Representatives, on Saturday, will hold its regular session.

The agenda includes “the first reading of the draft law on communications and informatics, the first reading of the draft law of the Federal Court, the first reading of the draft law of the industrialization of the military, and the first reading of the draft law of the second amendment to the law of the Union of Geologists No. (197) of 1968”.

It also includes the first reading of the draft law on the ratification of the Convention on the Avoidance of Double Taxation and Prevention of Financial Evasion with respect to the income and capital tax between the Government of the Republic of Iraq and the Government of the United Arab Emirates, and the report and discussion of the draft law on informatics crimes, And immovable property belonging to the pillars of the former regime No. 72 of 2017 “.

The session is scheduled to begin at 1 pm

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Maliki stresses the importance of the American contribution to the reconstruction of Iraq and the advancement of its economy

Iraq News Now

21:44

BAGHDAD /

 

The head of a coalition of state law, Nuri al-Maliki, received in his office, Thursday, the official file of affairs of Iraq and Iran in the United States of America, Mr. Andrew Beck.

“During the meeting, they discussed the latest developments in the political and security situation in the region, the ongoing efforts to complete the ministerial cabin, as well as discussing the future of Iraq’s relations with the Gulf states and enhancing economic cooperation in various fields,” Nuri al-Maliki’s media office said in a statement. .

Maliki stressed that “Iraq is keen to build balanced relations with all the friendly and allied countries based on respect for sovereignty and constancy and independence of national decision.”

The head of the coalition of state law to “depth of the relationship between Iraq and the United States and development to achieve the common interests of the two friendly peoples, and the importance of the American contribution to the reconstruction of Iraq and the advancement of its economy and the upgrading of all sectors.”

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Oil exceeds $ 71 a barrel

Editorial date: 2019/4/12 9:59

{International: Al Furat News} Oil prices rose on Friday, supported by ongoing OPEC-led supply cuts and US sanctions on oil exports from Iran and Venezuela.

Brent crude futures were $ 71.07 a barrel, up 18 cents, or 0.3 percent, from the previous close.

Futures for the West Texas Intermediate crude was $ 63.84 a barrel, up 26 cents, or 0.4 percent, from the previous settlement price.

“We expect Brent crude and WTI crude to average $ 75 a barrel and $ 67 a barrel respectively over the remainder of this year, but the risks are more bullish,” RBC Capital Markets said in a note.

“The rising waves fueled by geopolitical factors could drive prices towards $ 80 a barrel or even break this level for intermittent periods this summer,” the Canadian bank said.

Oil markets have surged more than a third this year thanks to OPEC-led supply cuts, US sanctions on Iran and Venezuela for crude, and escalating fighting in Libya.

Venezuela’s output is falling with US sanctions added to a deep economic and political crisis, with the US government expected to tighten oil sanctions on Iran in May.

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Iraqi Finance Minister discusses with US Treasury Secretary strengthening economic relationship

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36 minutes ago

The Deputy Prime Minister of Iraq – Finance Minister Fouad Hussein met with the US Treasury Secretary during a visit to the capital Washington.

“I met with US Treasury Secretary Stephen M. Menuchin,” he wrote on his Twitter account. “We talked about political developments in the region and ways to strengthen economic relations between Iraq and the United States.”

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The Central Bank issued a directive on the perforated and burned Iraqi currencies

Economic development 12/04/2019 88

The Central Bank issued a directive on the perforated and burned Iraqi currencies

The Central Bank of Iraq, on Friday, demanded from all banks to comply with the decision taken on dealing with banknotes perforated and burnt from the Iraqi dinar.

The bank said in a statement that “all banks confiscated the damaged banknotes perforated discovered within the deposits of customers of the bank and delivered to the Central Bank of Iraq with knowledge of its source from the customer and otherwise the bank bears the legal responsibility arising from it.”

The bank also called on banks to “provide banknotes damaged as a result of burning or burial to the Central Bank and its branches exclusively directly from citizens.”

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