Economie| 09:42 – 06/13/2022
Baghdad – Mawazine News
Today, Monday, the Ministry of Finance organized a workshop (Developing Public Debt Management), in coordination with the World Bank.
In a statement received by Mawazine Yanuoz, the ministry stated, “With the guidance and follow-up of Minister of Finance Ali Abdul Amir Allawi, the Ministry of Finance held today, Monday, June 13, 2022, a workshop to develop the work of the Public Debt and Debt Management Department in accordance with modern international standards, in cooperation with the World Bank, With the participation of a group of specialists and experts in aspects of public debt management.
She added that, “during which, opinions and views related to the tasks and priorities of debt management in Iraq were exchanged, and strengths and weaknesses were identified towards achieving an ideal and solid level of performance, in line with international quality standards and requirements.”
And she added, “The workshop comes within the framework of a joint action plan with the Fund for the Reform, Recovery and Reconstruction of Iraq, which is funded by donor countries over the next two years, as the workshop is one of the first fruits of efforts to advance the management of the Public Debt Department, and a nucleus for constructive cooperation between the Iraqi Ministry of Finance and the Bank. The international community in the field of developing the institutional structure and legal frameworks, as well as refining the skills and experiences of debt management workers, and achieving high levels of efficiency, performance and transparency.”
And she indicated: “The workshop also discussed the potential risk management aspect of the issue of public debt, both internal and external, as well as managing sovereign guarantees, raising the level of reports submitted related to the work of the Ministry of Finance, and measuring their quality to be able to strengthen the pillars of the Iraqi economy and possess real buffers to confront financial and economic shocks.”
She pointed out that “the process of developing the public debt strategy is among the priorities of the reform plan (the white paper), and within the framework of the Ministry of Finance’s continued commitment to developing the rational management of financial resources and promoting sustainable and balanced development.” Ended 29 / p. 87