Tishwash: Tomorrow, the Security Council will hold a session on the situation in Iraq.
The United Nations Assistance Mission for Iraq (UNAMI) announced on Monday that the Security Council will hold a session on the situation in Iraq on Tuesday.
A statement from the mission, received by the Iraqi News Agency (INA), said that “the United Nations Security Council will hold a session on the situation in Iraq tomorrow, Tuesday, at 10:00 a.m. New York time (6:00 p.m. Baghdad time).”
The statement added that “the Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, is expected to brief the session on developments in Iraq and on the United Nations Assistance Mission for Iraq (UNAMI).” link
Tishwash” An economist reveals an “impending shock” threatening creditors with the possibility of a change in the exchange rate!
Economic researcher Aziz Shwan confirmed that the Iraqi economy has recently witnessed direct effects of the policies of the government, which recently became a caretaker government, noting that these policies have had positive results and others burdened with future challenges.
Shwan explained to the newspaper’s platform that the government has taken a series of measures to curb the outflow of hard currency abroad by tightening controls on dollar export channels and reducing unregulated activities. This has contributed to encouraging large investors to direct their investments domestically instead of transferring them abroad. This has had a positive impact on the local market by stimulating the productive and service sectors and giving the economy a degree of relative stability.
In contrast, Schwan pointed out that the significant expansion in government projects, especially infrastructure projects, has forced the government to increasingly rely on financing through domestic debt to cover growing obligations, creating additional pressure on public finances.
The researcher warned that the incoming government might find itself compelled to reassess the dinar’s exchange rate against the dollar to make it more realistic, which could negatively impact domestic creditors, given that a significant portion of the public debt is denominated in dinars. He explained that any increase in the official dollar exchange rate would lead to a decrease in the real value of what creditors receive, threatening to create financial pressure on investors and institutions reliant on local debt instruments.
Shwan concluded by saying that the current stage represents a sensitive economic turning point for Iraq, where attempts to strengthen monetary stability intersect with the increasing requirements for financing government projects, stressing the need to adopt balanced financial and monetary planning and rearrange spending priorities to avoid side effects that may affect the market and investors and negatively impact the budgets of future years. link
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Tishwash: Al-Sudani: Iraq is going through a recovery phase and regaining its leading role in the region.
Prime Minister Mohammed Shia al-Sudani affirmed on Monday that Iraq is going through a recovery phase and regaining its leading role in the region, while stressing the need to keep ambassadors away from any political alignments or squabbles .
His office said in a statement received by the Mail that “Al-Sudani received the new Iraqi ambassadors on Monday, congratulating them on gaining the confidence of the government and the House of Representatives to represent their country diplomatically in various countries around the world .”
Al-Sudani stressed that “the ambassadors’ mission is not a privilege but a duty and responsibility to represent the country, and they have the duty to defend the interests of Iraq and its people in all their diversity and components, by investing their expertise in diplomatic work,” stressing that “the selection of ambassadors was subject to criteria and requirements, and we are all confident in those who were chosen to be keen on representing Iraq in the best possible way, and to contribute to formulating the strategy of Iraqi diplomacy, and building a modern diplomacy that keeps pace with the requirements of the future .”
He pointed out that “the ambassador must stay away from any political alignments or squabbles,” stressing that “Iraq is currently going through a phase of recovery, stability and restoring its leading role in the region, despite the events it has witnessed .”
He added: “Our government has managed to maintain a clear approach to foreign policy, establish broad relations, and not limit them to certain countries. We have maintained our principled position towards the Palestinian issue and the Zionist aggression, which has affected Arab and Islamic countries. Iraq’s balanced position regarding the events and developments in the region must be highlighted, while preserving the interests of Iraq and its people .”
He continued: “We are working to strengthen economic partnerships, and it is among the ambassadors’ tasks to present studies and proposals in this regard,” indicating that “the work of embassies should reflect the positive developments in development, reconstruction and stability in Iraq .”
He pointed out that “work in the field of economic diplomacy must be strengthened, and we seek to move from a rentier economy to a diversified one, and we have worked on developing the economy through a series of banking, customs and tax reforms, to contribute to creating an attractive investment environment .”
He continued: “We face environmental challenges and a water crisis, which requires a pivotal diplomatic role in negotiating with the countries concerned and international organizations. We emphasize strengthening the role of (soft diplomacy) through cultural and sporting aspects that bring peoples closer together .”
He explained that “all capabilities will be ready to support the path of the Ministry of Foreign Affairs and our ambassadors in various capitals, and the joint committees must be maintained and activated, because they represent the framework of foreign relations between Iraq and the rest of the countries .”
He pointed out that “during the days of the former regime, Iraqi citizens used to flee from Iraqi embassies, but today the state, its institutions and embassies are at the service of the citizen .”
He concluded by saying, “One of the ambassadors’ priorities is to care for the Iraqi communities in all their diversity and with all their needs, and to work on connecting the communities with their country link
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