Monday, April 28, 2025
The Minister Of Finance Participates In The Annual Spring Meetings Of The World Bank Group And The International Monetary Fund.
The Minister Of Finance Participates In The Annual Spring Meetings Of The World Bank Group And The International Monetary Fund.
Saturday, April 26, 2025, 10:39 AM | Economic Number of readings: 147 Baghdad / NINA / Minister of Finance Taif Sami Mohammed, Governor of the Central Bank of Iraq Ali Al-Alaq, and the accompanying delegation participated in the annual spring meetings of the World Bank Group and the International Monetary Fund, held from April 20 to 23, 2025 in Washington, to discuss global economic challenges, economic development, financial stability and other related issues, in addition to plenary sessions, seminars and side consultations.
A statement by the Ministry of Finance said: "The Minister began her participation in the first meeting with the Executive Director of the World Bank, Abdulaziz Al-Mulla, and discussed the economic situation in Iraq and the role of the World Bank in supporting Iraq in its reform programs, especially in the issues of maximizing revenues, reducing expenditures, digitization, electronic systems, infrastructure projects, energy and the environment."
She also met with Hella Sheikh Rouho, Regional Vice President of the International Finance Corporation (IFC), and her accompanying delegation, and discussed with her the most important obstacles to investment in Iraq and ways to address them, as well as the most important projects supervised by this institution in Iraq in the transportation, energy and international trade financing sectors.
She explained that the institution can support projects of the Iraq Development Fund. The Deputy Chairman of the Foundation also emphasized the support of the private sector and its projects, as well as the agricultural and industrial sectors in Iraq.
The delegation, headed by her, held a high-level meeting with the World Bank Vice President for the Middle East, Othman Dawani. The meeting discussed the portfolio of projects funded by the World Bank, particularly the railway project in Iraq.
It was agreed to review this portfolio to follow up on project implementation, identify work obstacles, and find solutions for their implementation and completion within the specified timeframe. The meeting also discussed the government's priorities for future projects, which the World Bank can support, with regard to renewable energy, waste management, and transportation projects, especially the metro, airports, and railways.
The meeting also discussed the issue of human development in Iraq, which is a government priority, to be included in the World Bank's plans to allocate support and launch future projects in the education, health, employment, and social protection sectors.
The statement added: "The Minister, along with the Governor of the Central Bank, attended the ministerial meeting chaired by the Managing Director of the International Monetary Fund, Kristalina Gurevichi, and attended by the Ministers of Finance and Governors of the IMF member countries.
The discussions focused on the global economic situation, the increasing uncertainty and its economic impacts at the local and global levels, addressing challenges and measures to enhance resilience, identifying strategies to maintain the macroeconomy and manage debt sustainability, in addition to focusing on exchanging visions and experiences regarding economic reforms, enhancing the performance of government institutions, supporting and strengthening the private sector, and opening the way for them to be at the forefront of sustaining the economic resilience of the countries of the region.
The Iraqi delegation's agenda also included participation in the meeting held with the Managing Director of the International Monetary Fund, Dr. Mohamed Maait, during which the spotlight was placed on specific reforms to improve the performance of the financial sector in Iraq, and sharing updates between the two sides through activating areas of partnership with the Fund.
During the meetings, the Minister of Finance, Taif Sami, held a coordination meeting with the Head of the IMF Mission to Iraq, Jean-Quillaume.
The meeting included discussions on the prospects for growth of the Iraqi economy through the government's reform program aimed at strengthening the oil and non-oil sectors, and how to maintain economic stability in Iraq in light of the global economic conditions."
She also met with the Director of Technical and Financial Affairs and her technical team at the IMF, responsible for providing technical support and expertise to the Ministry of Finance. The meeting discussed steps to provide technical support to the General Tax Authority and the General Customs Authority regarding the electronic automation of their systems and reviewing amendments to their laws. Sami expressed her readiness to provide technical support and training on these systems for customs and tax employees.
The meeting also discussed completing the requirements for the single treasury account and reviewing the procedures implemented by the Ministry of Finance in relation to this program.
In a related context, the delegation held a meeting with Jihad Azour, Director of the IMF's Middle East and Asia Department, where they discussed a range of economic issues and the most prominent financial policy forecasts.
For his part, the Regional Representative stressed the Fund's commitment to supporting all financial, banking, and monetary reform programs adopted by the Iraqi government. / End
https://ninanews.com/Website/News/Details?key=1209156
TEXAS SNAKE UPDATE
TEXAS SNAKE
HSBC listed the VND on their screen this morning, they have not listed the other 17 currencies as yet.
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LAST POSTS OF TEXAS SNAKE
TEXAS SNAKE: " The bond releases is directly related to our RV" , 19 APRIL
Al-Sudani's Advisor: Iraq Has Become An Attractive Environment For Turkish Investments.
Al-Sudani's Advisor: Iraq Has Become An Attractive Environment For Turkish Investments.
Money and Business Economy News – Baghdad The Prime Minister's Advisor for Investment Affairs, Mohammed al-Najjar, affirmed on Saturday that Iraq has become an attractive environment for Turkish investments, noting that Prime Minister Mohammed Shia al-Sudani has succeeded in transforming trade relations with Türkiye into investment opportunities.
Al-Najjar said, "Iraq is the first country in which Turkey will invest. It is well known that Turkey is the one seeking investment opportunities and requesting investments. However, we have succeeded, through government measures, in attracting investment environments in Iraq." He pointed out that "the opportunities created by the Prime Minister have made Iraq an attractive country for Turkish companies, which constitutes an important platform for a large number of countries to enter and invest in the opportunities available in Iraq."
He added that "the entry of Turkish investments into Iraq represents a turning point in relations between the two countries. This is the first time that relations have shifted from the commercial aspect to the investment aspect." He pointed out that "there are multiple areas for Turkey to invest in Iraq, including infrastructure, roads, energy, and communications, all of which represent significant opportunities for Turkish companies that have begun to turn to investment, not just contracting or commercial operations."
Al-Najjar explained that "Iraq has worked to transform its relationship with Türkiye into an investment relationship, including a development path, which will constitute a fundamental pillar for Turkey as a starting point for investment." https://economy-news.net/content.php?id=54838
XRP and the Iraqi dinar revaluation are tied up !!
The ones paying attention already know.
The rest will find out too late: XRP and the Iraqi dinar revaluation are tied up — and it’s already moving behind the scenes.
•Iraq didn’t spend years upgrading their banks just to wire money the old way. •Ripple already locked down the Middle East corridors — UAE, Saudi, Jordan — they’re plugged in.
•Iraq’s new system?
ISO 20022 ready. That’s XRP’s playground. When Iraq flips the switch on the dinar, they’re gonna need to move real money, fast and clean.
They’re not waiting on 3-day bank wires. They’re not running billions through broken SWIFT rails.
The liquidity’s already there. The corridors are already built. XRP’s been sitting there like a loaded gun, waiting for someone to pull the trigger. That’s why CME just dropped XRP futures without a peep from the SEC. They’re not hyping it. They’re loading it. IQD moves. Liquidity explodes. XRP absorbs it — quietly at first, then violently when the charts catch up. Don’t expect a press conference. Expect a moment where the market blinks… and it’s already too late to catch the move.
DINAR EXCHANGE BREAKING: Rumors swirling that the Iraqi Dinar just REVALUED
DINAR EXCHANGE
We’re now waiting for the official word from the CBI 
#IQD #RV #DinaresGurus
BREAKING: Rumors swirling that the Iraqi Dinar just REVALUED during the Iraqi delegation’s visit to the 
— 
— Is this the plot twist of the decade or just another round of
speculation?
speculation? We’re now waiting for the official word from the CBI #IQD #RV #DinaresGurus
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