The Ministry Of Planning Discusses With The World Bank The Preparation Of A Roadmap For Building Human Capital In Iraq
Wednesday 05 February 2025 | Economic Number of readings: 150 Baghdad / NINA / The Ministry of Planning held a joint meeting with the World Bank on Wednesday, during which they discussed joint cooperation in the field of preparing a roadmap for building human capital in Iraq.
A statement by the ministry stated that “Undersecretary of the Ministry Maher Hammad Johan headed the Iraqi side, while the World Bank team was headed by the Regional Director for Human Development in the Middle East and North Africa, Fadia Saada.
Johan explained: “The importance of the human capital building project comes from its contribution to achieving development goals,” stressing Iraq’s endeavor to harness efforts towards improving investment in human capital, keeping pace with global trends, and responding to local needs for human development,
in addition to identifying investment priorities and directing them towards making fundamental changes at the level of policies, plans, programs and all government interventions, and in effective partnerships with the international community, the local community and the private sector,” calling for more cooperation with the World Bank in this field.
For her part, the Regional Director for Human Development in the Middle East and North Africa, Fadia Saadeh, said: “Investing in human capital is essential for the future of the country, and Iraq has the ability to harness its young population as an engine of economic growth,” indicating: “Bridging the service delivery gaps is in education and health care, expanding access to social protection, and creating job opportunities, especially for women and youth.”
She added: “If reforms are implemented effectively, Iraq can transform its current challenges into opportunities, and ensure a more equitable and prosperous future for all its citizens.”
The meeting witnessed the presentation of three presentations, the first of which was on the priorities and programs of the National Development Plan (2024-2028), presented by the Director General of the Department of Economic and Financial Policies, Sabah Jundi Mansour, the second presentation was on the recommendations of the first national conference on human capital in Iraq, and the next steps, presented by the Director General of Human Development, Dr. Maha Abdul Karim Al-Rawi, and the last presentation was from the World Bank team on the future outlook for human capital projects in Iraq. /End8 https://ninanews.com/Website/News/Details?key=1183964
Finance Minister To Parliamentary Delegation: The Ministry Is Committed To Implementing Reforms To Boost Non-Oil Revenues
Wednesday 05 February 2025 | Economic Number of readings: 23 Baghdad / NINA / Minister of Finance Taif Sami affirmed the ministry’s commitment to implementing financial reforms that would enhance non-oil revenues and achieve financial sustainability.
A statement by the Ministry of Finance stated: “Minister Taif Sami received, today, Wednesday, at the ministry’s headquarters, a number of members of the Council of Representatives, and during the meeting, their requests and those of citizens were listened to,
in addition to discussing the mechanisms for implementing the general budget, following up on the allocations of service and development projects, in addition to discussing ways to support productive sectors and provide the necessary resources to improve the level of services provided to citizens.”
The minister affirmed, according to the statement, the ministry’s commitment to implementing financial reforms that would enhance non-oil revenues and achieve financial sustainability in accordance with approved government programs.
The representatives praised the ministry’s efforts in managing the financial file, and stressed the importance of enhancing joint cooperation to ensure the achievement of economic goals.
The parliamentary delegation included the following MPs: Manal Al-Maslamawi, Rafiq Al-Salihi, Luqman Al-Rashidi, Mudhar Al-Karawi, Hassan Al-Masoudi, Fatima Al-Hawi, Ala Al-Nashi, Sarah Al-Dulaimi, Mona Al-Jubouri, Faisal Al-Naili, Wafaa Al-Shammari, Suhaila Al-Sultani, Mustafa Al-Karawi, Amal Al-Nasiri, Osama Al-Badri, Ahmed Rashid Salmani, Basem Nghamish Al-Gharbawi, Mahasin Al-Dulaimi, and Hassan Al-Asadi. / End https://ninanews.com/Website/News/Details?key=1184007
Finance On Restructuring Of Rafidain, Rashid And Insurance Companies: A Fundamental Step
Banks Economy News – Baghdad Today, Wednesday, Finance Minister Taif Sami discussed following up on the procedures for restructuring Rafidain and Rashid Banks and insurance companies.
The ministry said in a statement that “Sami held an expanded meeting with the head of the Insurance Bureau, directors of government banks and insurance companies, and the international auditing and oversight firm Ernst & Young, to follow up on the measures taken to implement the restructuring of insurance companies and government banks, most notably Rafidain and Rashid Banks.”
According to the statement, Sami pointed out that “the restructuring represents a fundamental step to enhance financial stability and improve the efficiency of government banks in accordance with international standards,” noting “the importance of developing banking systems, enhancing internal control, and implementing specialized training programs for banking cadres to ensure the provision of advanced financial services.”
Sami added, “The strategic plan will include introducing modern banking technologies, such as electronic payment, enhancing transparency, improving capital management and completing the comprehensive banking system, in addition to cooperating with international financial institutions and benefiting from global expertise, in addition to setting specific time frames for implementing modernization processes, which will raise the efficiency of government banks and support the national economy.”
The Prime Minister’s Office announced yesterday, Tuesday, the launch of an initiative to reform the banking system, in cooperation with the Central Bank of Iraq, consisting of 4 main points, and it comes in partnership with the global management consulting company (Oliver Wyman). https://economy-news.net/content.php?id=52540
Dollar Prices In Iraq Fall: 151 Thousand “Per Paper”
Economy | 05/02/2025 Mawazine News – Baghdad Mawazine News publishes today, Wednesday, the exchange rates of the dollar against the Iraqi dinar in local markets. – Selling 151,000 dinars for 100 dollars – Buying 149,000 dinars for 100 dollars. https://www.mawazin.net/Details.aspx?jimare=259379
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