Legal Center: Diversifying the National Economy Will Enhance Human Rights in Iraq, 15 DEC

Legal Center: Diversifying the National Economy Will Enhance Human Rights in Iraq

Baghdad /NINA/- The Strategic Center for Human Rights confirmed: "Diversifying the sources of the national economy instead of relying on the rentier economy, especially oil, contributes directly to enhancing human rights in Iraq at various levels, whether economic, social, cultural, civil or political." 

The head of the center, Fadhel Al-Gharawi, said in a statement: "Based on World Bank reports, the per capita share of the gross domestic product decreased by 22.4% during the year 2023, reaching 7.6 million dinars compared to 9.8 million dinars in 2022. The World Bank attributed this decrease to the decline in the gross domestic product at current prices to 330 trillion dinars for the year 2023, compared to 415 trillion dinars for the year 2022." 

He pointed out that "Iraq ranked 37th globally and sixth in the Arab world in terms of the number of workers in 2024, according to a report published by the "Global Economy" website.

The report showed that the workforce in Iraq reached 17.331 million people, while Egypt topped the Arab countries with 44.914 million workers, followed by Sudan, Algeria, Saudi Arabia and Morocco."

Al-Gharawi also referred to the report of the "Fitch" credit rating agency, which classified Iraq at the "B-" level with a stable future outlook. The agency expected the Iraqi budget deficit to widen to 8% of GDP in 2024, compared to 2% in 2023, with expectations of rising to an average of 12.4% during the period 2025-2026. It indicated that the Iraqi government debt is expected to rise to 47.7% of GDP by the end of 2024, and to 56.5% by 2026 as a result of increased borrowing.

He explained that "reliance on oil, as the sole source of the economy, poses great risks, especially with the fluctuations in global oil prices, and the global trend towards energy alternatives over the next ten years," stressing that "diversifying the sources of the Iraqi economy by supporting agriculture, tourism, industry, trade and investment will contribute to achieving significant resources for the state, increasing citizen income, and creating millions of job opportunities away from reliance on government employment.

 This will be positively reflected in the state budget and the governorates, allowing the implementation of development projects that enhance citizens' rights in the areas of housing, services and job opportunities, in addition to increasing annual income and reducing inflation," calling for "making diversification of the sources of the national economy a strategic goal within the government's programs to improve the human rights situation in the country." / End

BROTHERS TECHNOLOGY: A COUPLE OF GURUS WERE CORRECT ABOUT THE LARGE SCREENS ACROSS IRAQ, 15 DEC

BROTHERS TECHNOLOGY

A couple of gurus were correct about the large screens across Iraq

ARIEL: Are We To Expect Major Announcements? ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

Direction to distribute the salaries of the months of October and November in one payment, 15 DEC

 Direction to distribute the salaries of the months of October and November in one payment

A source from the Kurdistan Regional Government Council of Ministers reported on Friday that Finance Minister Awat Sheikh Janab expressed his ministry's readiness to distribute the salaries of the 10th and 11th months if Baghdad sends additional funds.

Voice of America radio quoted the source as saying, “Finance Minister Awat Sheikh Janab spoke during the meeting about the Iraqi government sending 761 billion dinars to distribute the salaries of the tenth month and also decided to send an additional amount of 430 billion dinars to cover the deficit,” indicating that “the minister confirmed in his speech that his ministry is ready to distribute the salaries of the tenth and eleventh months if Baghdad sends 761 billion dinars for the salaries of the eleventh month.”

FIREFLY: CBI TALKING ON TV ABOUT THE DOLLAR AUCTIONS AND THE DATE OF TOMORROW SUNDAY 15TH, 15 DEC

 Frank26 

  [Iraq boots-on-the-ground report]  

 FIREFLY:CBI on TV talking about the dollar auctions are bad but as of today the CBI has started new mechanism for money transfers... 

FRANK:  This is monetary reform education - boom - boom - boom - boom.  With all the lies [out there], the whole team is coming out and telling you Iraqi citizens, relax. 

 FIREFLY:  The salaries of October, November and December will be paid to the Kurds as soon as possible. 

 Then they talked about a 15-day period that started on November the 28th in which the dollar auctions will end.  That put the date as this Sunday the 15th...

DINAR REVALUATION REPORT: CBI TALK OF PEG THE IQD TO A BASKET OF CURRENCIES @DINARREVALUATION

 

Unannounced visit to Baghdad, US FM meets Al-Sudani to address Syria, Gaza, and regional issues, 15 DEC

 Shafaq News/ On Friday, the Iraqi Prime Minister, Mohammed Shia Al-Sudani met with US Secretary of State, Antony Blinken, who made an unannounced visit to Iraq, to discuss bilateral relations, regional stability, and the ongoing crisis in Syria.

According to a statement by the Iraqi PM’s media office, “The Prime Minister reiterated Iraq’s stance on supporting Syria during this critical phase and emphasized the importance of friendly nations assisting the Syrians in rebuilding their state and addressing challenges that could impact their civil peace.”

He also highlighted the importance of ensuring that all segments of the Syrian population are represented in the country's governance to strengthen its stability. Additionally, the Iraqi PM affirmed that “Iraq expects tangible actions, not just words, from those managing Syria’s transition.”

“The Prime Minister emphasized the importance of preventing any aggression on Syrian territories by any party, stressing that such actions pose a direct threat to the region’s security and stability,” the statement added.

For his part, Secretary Blinken expressed the United States' alignment with Iraq on the importance of respecting the Syrian people's decisions and supporting the establishment of an inclusive government.

Pointing out Iraq’s status as a key partner, he underscored the need for ongoing consultation with Iraq on regional development. Blinken also reaffirmed the international coalition's commitment to safeguarding Iraq's security, sovereignty, and stability, the PM’s media office indicated.

The meeting also addressed the situation in Gaza, stressing the urgency of ending the war and taking steps to solidify the ceasefire in Lebanon, the statement concluded.