THE ARAB MONETARY FUND ORGANIZES THE EIGHTH EXTRAORDINARY “REMOTE” MEETING FOR DIRECTORS OF FINANCIAL INCLUSION DEPARTMENTS, PAYMENT SYSTEMS AND FINANCIAL INFRASTRUCTURE IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS

2021-03-15

About the requirements of the Corona pandemic recovery phase:

Enhancing the flexibility of Arab financial inclusion in response to the requirements of the Corona pandemic recovery phase

Tuesday 16 March 2021

15:00 to 17:00 Abu Dhabi time

Those gathered to discuss:

Assessing the implications of climate change and identifying potential opportunities for responsible financial services in the Arab region

Enhancing the resilience of the microfinance market in light of the pandemic implications

Developing risk-sharing tools to support MSMEs

Discussing the development of loan guarantee mechanisms for projects

Today, Tuesday, March 16, 2021, the Arab Monetary Fund is organizing the eighth virtual “remote” meeting to discuss the requirements for recovering from the Corona pandemic: Enhancing the flexibility of Arab financial inclusion in response to the requirements of the Corona pandemic recovery phase. The meeting will be attended by directors of financial inclusion departments, payment systems, and digital financial infrastructure at central banks and Arab monetary institutions, in addition to the Arab Monetary Fund, which assumes the technical secretariat of the committees and working groups emanating from the Board of Governors of Central Banks and Arab Monetary Institutions. The meeting will be attended, in addition to the General Secretariat of the Cooperation Council for the Arab States of the Gulf, representatives of the following regional and international institutions:CGAP ), the United Nations Capital Development Fund, the Euroclear Foundation, the Bill and Melinda Gates Foundation, and a number of regional and global universities. Also participating in the meeting are institutions and funds for lending small and medium enterprises in Arab countries, and the professional networks of these funds and microfinance institutions.

The meeting will discuss the requirements for facing the repercussions of climate change on the financial sector, and the importance of developing proactive strategies and plans in this regard. The challenges posed by the implications of climate change on the financial and banking sector, the corresponding potential opportunities for Arab financial and banking institutions, and the role that supervisory authorities and banking financial institutions can play to take advantage of these opportunities will be reviewed. The meeting also addresses the lessons learned from the pandemic regarding the role of microcredit guarantee programs to mitigate the repercussions of the crisis, as the discussion sheds light on the hoped-for role of these programs in the current stage and in the medium term to help economies recover in the post-pandemic phase. This includes discussing the plans and strategies of credit guarantee institutions and global experiences in this regard.

On this occasion, His Excellency the Director General, Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdulrahman bin Abdullah Al-Hamidi expressed his hope that the meeting would contribute to strengthening dialogue and exchanging experiences on developing policies and tools related to improving financial inclusion in Arab countries, in order to limit the effects of the Corona pandemic on services. Finance, and discuss opportunities and challenges to enhance access to financial and banking services for all segments of society, especially micro, small and medium enterprises. His Excellency also praised the importance of the topics covered by the meeting, especially those related to the implications of climate change, and loan guarantees for micro, small and medium enterprises.

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In the presence of Al-Kazemi .. Salih meets with the delegation of the region and the Kurdish blocs regarding the budget and the Federal Court

Time: 03/17/2021 22:56:28 Read: 715 times

{Politics: Al Furat News} The President of the Republic, Barham Ahmed Salih, held a meeting, on Wednesday evening, with the negotiating delegation of the Kurdistan Regional Government and the heads of Kurdish blocs in the House of Representatives, in the presence of Federal Prime Minister Mustafa Al-Kazemi.

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The MP for the Patriotic Union of Kurdistan, Rizan Sheikh Dleir, said in a press statement that Saleh “held a meeting with the negotiating delegation of the regional government headed by Qubad Talabani and the heads of the Kurdish blocs in the House of Representatives, in the presence of Al-Kazemi.”

She added, “The meeting discussed what is related to the Kurdistan region’s share of the federal budget for the year. 2021, and the latest proposals to be submitted in Parliament on the blocks share of the Kurdistan region. ”

She said,” the parliamentary blocs still stresses the need to vote on the budget in the session on Thursday in conjunction with the vote on the draft Court Act and the federal which there are still disagreements on some of its articles. ”

Ammar al – Masoudi

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The United Nations confirms its support for Iraq to complete the upcoming elections

2021/03/17 18:17

The number of readings 87

Section : Iraq

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Baghdad / Obelisk: The United Nations Mission in Iraq announced, on Wednesday, March 18, 2021, that it will support the Independent High Electoral Commission and provide full assistance to complete the upcoming elections.

The Commission said in a statement that the Chairman of the Board of Commissioners, Jalil Adnan Khalaf, received, on Wednesday, at the headquarters of the Commission, the Deputy Special Representative of the United Nations in Iraq for Political Affairs and Electoral Assistance, Ingebiorg Solon Gisladottir, accompanied by the chief advisor of the UNAMI mission, Amir Aryn, who congratulated Khalaf on the occasion of the receipt. Its tasks. ”

The meeting discussed “updating voter data and what is related to the dates for registering political alliances and receiving lists of candidates, as well as clarifying the nature of the challenges that the Board of Commissioners seeks to overcome, including with regard to foreign elections, up to the expected electoral maturity, and confirming that the date of holding the elections on the specified date is inevitable and binding. According to the provisions of Article (8): First of the Elections Law No. 9 of 2020.

In turn, Ingeeborg renewed “the support of the United Nations Mission in Iraq to the Commission and provide full assistance to complete the upcoming elections.”

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In the presence of Al-Kazemi … the Kurdish blocs reached a decisive agreement in a meeting sponsored by the President of the Republic

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Kurdistan Region

Barham Salih

breaking

Budget law

2021-03-17 14:55

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Shafaq News / The President of the Republic, Barham Salih, held a meeting, on Wednesday evening, with the Kurdistan Regional Government delegation to discuss the settlement of the Kurdish share in the 2021 budget.

The meeting was attended by the Iraqi Prime Minister Mustafa Al-Kazemi and the heads of the Kurdish blocs in the Iraqi parliament, in addition to the second deputy speaker, Bashir Al-Haddad.

An informed source told Shafaq News Agency that the Kurdish blocs agreed to unify their position regarding whether or not to vote on the Federal Court’s Iraqi Budget Law.

He added that the Kurds support submitting the laws of the Federal Court and the budget to vote within one basket.

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Representative source: Tomorrow’s session will be devoted to voting on the budget and the Federal Court’s law

363 Policy 2021/03/17 22:02

Baghdad Today – Baghdad

A parliamentary source said, on Wednesday, that tomorrow’s session will be devoted to voting on the budget and the Federal Court’s law.

The source said to (Baghdad today), “The parliament session that will be held tomorrow will be devoted to voting on the budget and the Federal Supreme Court Law.”

Yesterday, Tuesday, the Presidency of the House of Representatives raised the parliament session to next Thursday, during which a vote is scheduled for the Federal Supreme Court law.

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A MEETING CHAIRED BY THE MINISTER OF FINANCE TO PREPARE THE BUDGET FOR THE NEXT 3 YEARS

Wednesday, 17 March 2021 3:59 PM

Classification:  Iraqi

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Baghdad / National News Center

Today, Wednesday, Finance Minister Ali Allawi chaired a meeting to prepare the budget for the next three years.

“The Minister of Finance, Ali Allawi, chairs an expanded meeting to prepare the federal budget strategy for the years 2022-2024,” the ministry said in a brief statement received by the National News Center.

The House of Representatives is awaiting the task of passing the general federal budget for 2021, which it is hoped will be approved in next Thursday’s session.

The “National”

https://nnciraq.com/57027/

The international coalition delivers weapons and military equipment to Iraq, worth 5 million dollars

2021/03/17 13:44

The number of readings 31

Section : Iraq

Baghdad / Al-Masala: The International Coalition handed over, on Wednesday, March 17, 2021, military equipment and equipment to the Iraqi forces.

The spokesman for the Joint Operations Command, Tahsin Al-Khafaji, said that the international coalition in Iraq delivered equipment and equipment, including military wheels, weapons and military equipment, worth 5 million dollars.

Al-Khafaji indicated that this grant comes in order to assist the Iraqi security forces in their war against ISIS and contribute to building military institutions with the necessary equipment.

Earlier, the International Coalition said that our Iraqi partners recently acquired surveillance system equipment, equivalent to $ 14 million, through the Anti-ISIS Training and Equipping Fund, which is supervised by Operation Inherent Resolve.

He indicated that these capabilities help empower the Iraqi security forces in their ongoing mission to achieve the defeat of ISIS.

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Financial Committee: Kurdistan Region will not deliver 460,000 barrels of oil to Baghdad

Previous meeting between the federal government and the Kurdistan Regional Government

energy

Economy News – Baghdad

The reporter of the Finance Committee in the House of Representatives, Ahmed Al-Saffar, revealed that the Kurdistan Regional Government delegation rejected a proposal made by Shiite parties to deliver 460 thousand barrels of Kurdistan Region oil to Baghdad daily.

Al-Saffar said in a statement reported by Rudaw network and seen by Al-Iqtisad News, “The Kurdistan Region delegation, headed by Deputy Prime Minister Qubad Talabani, who arrived in Baghdad last night (March 16, 2021), adheres to the government text regarding the share of the incoming Kurdistan Region. In the draft Iraqi federal budget law for the year 2021. ”

The aforementioned text stipulates that the Kurdistan Region will deliver 250 thousand barrels of oil per day at the price of the SOMO company, in addition to half of the proceeds of the border ports and other federal revenues of the Kurdistan Region to the Iraqi government, and the financial dues between the federal government and the Kurdistan Region are liquidated for the period from 2004 to 2020, so that the Iraqi federal government Spending the Kurdistan Region’s share of the budget.

A rapporteur of the Parliamentary Finance Committee confirmed that the Kurdistan Regional Government delegation rejects the proposal of Shiite parties to the Kurdistan Region to deliver 460 thousand barrels of oil daily to Baghdad, and adhere to the text contained in the draft federal budget law for the year 2021.

Ahmed Al-Saffar said that the Finance Committee in the Iraqi Council of Representatives will meet today, Wednesday, to discuss issues related to the Iraqi federal budget bill for 2021.

https://economy-news.net/content.php?id=24489

Deputy: The arrival of a delegation from the Kurdistan Region to Baghdad is a “waste of time”

A previous visit of the Kurdistan Region delegation to Baghdad

money and business

Economy News – Baghdad

MP Mansour Al-Baiji considered that the arrival of the delegations of the Kurdistan Region to Baghdad “a waste of time and a delay in approving the budget, nothing more.”

“The arrival of delegations to Baghdad is a waste of time and a delay in approving the general budget of the country because the Kurdistan Regional Government is due to have it hand over its imports to the federal government, and this is the essence and point of disagreement between Baghdad and Erbil.”

He stressed that “the general budget law is ready for voting, and we are awaiting its inclusion on the session’s agenda in order to proceed with passing it, because it is unreasonable to disrupt the country’s general budget because of the Kurdistan Regional Government, which does not wish to hand over its revenues, as is the case in other governorates.”

Mansour Al-Baiji believes that “there is no solution to passing the budget law except by a majority inside the parliament, and it is the only matter to solve the dilemma of the budget law, whose approval is long overdue, and the people are waiting impatiently to vote on it, so this law must be passed in the nearest session.”

He added, “We hope that the Presidency of the Council of Representatives will present the budget law on the agenda of the parliament and give up its responsibility for delaying its approval due to the dilemma of the Kurdistan region, which because it is real for it to deliver its revenues to the center until it receives its share in the federal budget.”

The MP talked about “unanimity from most of the members of the House of Representatives, there is no solution or political consensus on the Kurdistan Region’s share of the budget. All revenues will be handed over to the Kurdistan Region. Otherwise, we will pass the budget by the majority.” Kurdistan and our provinces are destroyed. ”

The Kurdistan Regional Government delegation, headed by the Deputy Prime Minister, Qubad Talabani, arrived on Tuesday evening, Tuesday, to the Iraqi capital, Baghdad, to negotiate with the political blocs on passing the federal budget law for 2021.

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