And I mentioned
Ministry of FinanceIn a statement to Al-Sumaria News, “the meetings focused during the discussions on Iraq’s economic performance and prospects for sustainable growth, where he praisedBoxInternational Monetary Fundprogress made.”
He continued, “The meeting also discussed the growth of non-oil GDP by 5% in 2024, driven by the expansion of the agricultural sector and increased public spending, with a growth expectation of 3.5% in 2025,” pointing to “seeking to reduce dependence on oil revenues, which enhances the diversification and stability of the economy.”
He pointed to “reviewing actual spending for 2024 and revenue forecasts for 2025, along with deficit financing strategies, as well as updating the public debt strategy to ensure financial sustainability and enhance investor confidence in government bonds.”
The meeting touched on “reforms in the financial sector, where he stressedBoxInternational Monetary FundOn the importance of modernizing the banking system to attract foreign capital,” stressing “expanding cooperation with international correspondent banks to facilitate trade financing.”
And renewBoxInternational Monetary FundHis support for the development of Iraq’s fiscal policy, proposing the provision of consultants and experts to helpMinistry of FinanceIn managing public debt and improving the tax system, in addition to increasing the use of the Iraqi dinar in major transactions to strengthen the strength of the national currency.
The meetings reflected the “commitment”Iraqby financial reforms, promoting economic stability and adopting investment-encouraging policies, in line with its strategic partnership withBoxInternational Monetary Fund.”
And I mentionedMinistry of FinanceIn a statement to Al-Sumaria News, “the meetings focused during the discussions on Iraq’s economic performance and prospects for sustainable growth, where he praisedBoxInternational Monetary Fundprogress made.”
Just for your information Isaac is not a paymaster as he is just a bond holder that was lucky to be able to sell some bonds to the person that was US Treasurer at that time and he has relations to the General Paymaster of Europe and that’s about it.
I also have contacts with paymasters, buyers, lawyers so no big deal as they do not control this as it is a military operation.
And by the way paymasters are lawyers and I can assure you Isaac is no lawyer. So please who ever is spreading that BS please stop it.
The Iraqi Prime Minister, Mohammed Shia Al-Sudani, accompanied by Iraqi officials during the inauguration of Al-Shaab General Hospital in Baghdad. Photo: PMO
Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, launched on Thursday the construction works of five new hospitals in different Iraqi provinces.
The new hospitals are part of an initiative to construct 16 hospitals, each with a capacity of 100 beds, according to a statement issued by the Prime Minister’s Office (PMO).
The provinces where the new hospitals are being constructed are Nineveh, Salah Al-Din, Babylon, Karbala, and Dhi Qar.
In November, during the inauguration of the Iraqi-Korean Specialized Hospital in Baghdad’s Medical City, Al-Sudani said that the government is making efforts to develop Iraq’s healthcare industry and is collaborating with reputable foreign businesses as an approved strategy.
The Iraqi prime minister underlined the importance of specialized centers as an important part of health care and the significance of applying this expertise with the state-of-the-art technology they provide.
The Iraqi Minister of Health, Salih Al-Hasnawi, reviewed the ministry’s achievements during the past two years, where 13 new hospitals, three specialized centers, two burn centers, and 25 kidney treatment centers have been constructed.
Al-Sudani also stressed the benefits of proceeding with the implementation of healthcare coverage.
SANDY INGRAM: Zimbabwe’s Innovative Leap in Automotive Technology
Introduction
In recent developments, Zimbabwe has emerged as a surprising player on the global economic stage with its introduction of a new gold-backed currency, the Zig, which is currently valued at 8 cents.
This strategic move signifies a growing trend among countries looking to solidify their economic stance while navigating through rocky waters of global finance. Furthermore, Zimbabwe’s progression is not limited to monetary innovations; it heralds a revolutionary change in the automotive industry across Africa.
Innovative technologies, such as self-powered electric vehicles developed by local inventor Maxwell Chikumbutso, are transforming traditional perceptions of transportation. This chapter delves into Zimbabwe’s shifts and highlights the continent’s remarkable automotive evolution, culminating in a deeper understanding of its significance.
Zimbabwe’s Bold Currency Move
Zimbabwe’s transition to a gold-backed currency (Zig) demonstrates a strategic attempt to reintegrate into the global economy.
The introduction of the Zig aims to provide stability to the nation’s financial landscape, following previous hyperinflation issues.
The Zig can be purchased online, showcasing a shift towards modernization in financial transactions.
The Automotive Revolution in Africa
Africa is currently producing an impressive 30,000 vehicles daily, translating to over 10 million cars annually. This statistic underscores a significant industrial capability spread across the continent. Key factors driving this revolution include:
Purpose-Built Vehicles:
Cars designed specifically for African conditions, such as climate and road quality, indicating a deep understanding of regional needs.
Leadership in Innovation:
Maxwell Chikumbutso, a Zimbabwean inventor, is at the forefront of this change. His vision and inventions illustrate a shift towards technological self-sufficiency in Africa.
Maxwell Chikumbutso and the Micronic Energy Device
In 2009, Chikumbutso introduced the Micronic Energy Device, a groundbreaking technology that captures ambient radio frequencies
from the environment to convert them into usable energy.
Innovative Vehicle Concept:
Building on this technology, Chikumbutso is now developing a self-powered electric vehicle. This vehicle utilizes radio frequencies to operate, eliminating the need for conventional fuel sources or charging stations.
The implications of this innovation are profound as it promises lower transportation costs and improved access to mobility in regions lacking robust infrastructure.
Significance of Self-Powered Vehicles
The development of self-powered electric vehicles in Africa, particularly Zimbabwe, could redefine mobility for millions. Key points include:
Cost Reduction:
The rising fuel prices and unreliable electricity networks in many African nations amplify the need for affordable transportation solutions.
Connectivity for Remote Communities:
Vehicles that can operate independently of fuel stations could foster greater connectivity in isolated regions, enhancing economic opportunities and social integration.
Potential Lifeline:
Chikumbutso’s innovation could serve as a lifeline, addressing transportation issues and environmental concerns through sustainable technology.
Critical Perspective on Zimbabwe’s Economic Strategies
Despite the optimistic outlook, there are opinions suggesting caution regarding Zimbabwe’s bold financial and technological advancements.
Economic Challenges:
Historical economic volatility raises questions about the sustainability of the Zig and how much confidence it can instill both domestically and internationally.
Innovative Risks:
While the self-powered vehicle concept is revolutionary, its implementation will demand rigorous testing and proof of viability for ordinary consumers.
Real-World Implications and Case Studies
Zimbabwe’s initiatives represent a microcosm of a broader trend where developing nations leverage technology to address local challenges.
As an example, neighboring countries could emulate Zimbabwe’s approach, potentially leading to an overall boost in the African automotive sector.
Conclusion
In summary, Zimbabwe’s recent advancements in currency and the automotive industry, spearheaded by innovative thinkers like Maxwell Chikumbutso, highlight a significant shift toward self-reliance and technological advancement in Africa. This evolution reflects not only local ingenuity but also the potential for economic transformation across the continent.
The self-powered electric vehicle symbolizes hope and opportunity, paving the way for sustainable mobility solutions that can greatly enhance the quality of life for many. As these innovations gain traction, they will undoubtedly continue to redefine how emerging markets engage with both local and global economies, showcasing the incredible potential of African ingenuity in the face of adversity.
Wazine News – Baghdad The Governor of the Central Bank, Ali Al-Alak, announced on Saturday that the government is working on a roadmap for comprehensive electronic transformation. Al-Alak said: “The government is working with a plan and a roadmap to switch to e-government, and there are steps, efforts and a data center, and we hope that the ministries will initiate interaction.”
He added that “the Central Bank has an integrated plan, we were able during the past year to reduce 50% of paper use in the Central Bank, and soon we will arrive to get rid of paper
transactions.” He continued, “The Central Bank is working to have a digital currency, and this is a big work that is being worked on in the bank in coordination with international and Arab organizations and entities and directly with the Arab Monetary Fund.”
