Iraq’s prime Minister on building a stronger relationship with the United States BY GOLDILOCKS, 2 JULY

 GOLDILOCKS

Atlantic Council | Front Page

Iraq’s prime Minister on building a stronger relationship with the United States live broadcast 

April 19 at 2:30 PM ET 

Question: 

Is the government thinking about reevaluating and readjusting the value of dinar due to the current circumstances in the market? Or do you see it to stay the same? 

Prime Minister Al Sudani’s response: 

This policy is actually dictated by the central bank. The government abides by the decision of the central bank. Iraq is in the best status we could be in. We have actually had an assessment which has given much trust to higher global parties. So we started reforms when it comes to the banking sector. We have spoken about this before, but this is actually going to raise the level of the value of Iraqi Dinar. There is a consistent policy the central bank is using when it comes to investments and how they invest the money for our own reserves here in Iraq.

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"The 9th Global Review of Aid for Trade entitled “Mainstreaming Trade into Development Strategies” wrapped up on 28 June after three days of discussions involving over 1,000 participants and more than 60 sessions looking into how developing economies can maximize the potential of trade to boost economic growth and improve living standards."

Aid for Trade (AfT) is an initiative of the World Trade Organization (WTO). The initiative was launched in 2005 at the WTO's Hong Kong Ministerial meeting. 

The purpose of this meeting is to help developing countries implement trade commitments through connecting their trade priorities with trade arrangements and reforms that assist in building trade capacity.  

The AfT is a policy concept regarding international economic trade development focusing on helping developing countries build trade capacity and infrastructure. 

There is no fund to give those who participate in this program, but the benefits of attending this meeting is beyond what money can buy. The WTO agreements made in this meeting covers goods, services, climate change, digital technology, geopolitical tensions, and intellectual property.

Watch the water. 

© Goldilocks

https://www.wto.org/english/news_e/news24_e/gr24_28jun24_e.htm

https://blogs.worldbank.org/en/trade/developing-countries-need-more-support-in-global-trade 

https://www.wto.org/english/tratop_e/devel_e/a4t_e/aid4trade_e.htm

https://ustr.gov/issue-areas/trade-development/trade-capacity-building/aid-trade#:~:text=U.S.%20aid%20for%20trade%20is,such%20countries%27%20ability%20to%20compete