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The Central Bank calls on ministries to lift the seizure of the funds of the Bank of Economics
October 11, 2017

Called the Central Bank of Iraq, ministries and government departments to lift the custody of the funds of the Bank of Economics for investment and finance after the lifting of guardianship.

The central bank said in its letter to the ministries and entities not affiliated with the Ministry, “We take note of the lifting of guardianship of the Bank of Economics for investment and finance and your ministries and your dues to make adjustments with the new management of the bank in order to obtain your financial rights with the need to lift the custody of the Bank’s movable and immovable assets, To conduct all his banking activities so as to be able to settle all the financial obligations left by the previous administration.


Clare:  WASHINGTON – Annual meetings of the International Monetary Fund (IMF) are being held at an event that is the highlight

o Baghdad / Zahraa al-Jassim

The six-day annual meetings of the International Monetary Fund (IMF) were held in Washington, DC, on Tuesday. The agenda of the meetings on the first day included a discussion on what the IMF is doing and what are the main and unregistered objectives.

Christophe Rosenberg, on how the International Monetary Fund (IMF) finances its operations, while the IMF’s General Counsel and Director of the International Monetary Fund Shawn Hagan pointed out how to develop the IMF’s capabilities.

The first day of the event, the most important event in the world economic affairs, was held by Al-Mada, a press conference on the prospects of the global economy, and the IMF’s interest in global economic issues and its role in the international financial architecture. And the Fund’s services to the global media.

The meetings will discuss several topics, including the examination of emerging lessons on consultation, participation and disclosure. The Inspection Panel, the World Bank’s Independent Accountability Mechanism, will publish its latest report in a series of lessons learned on experiences from consultation, participation and disclosure, The lessons will serve as a forum to discuss what makes citizens’ participation successful, the challenges faced by development practitioners in this area, and how the Bank’s experience has reached the criteria for participation in the new environmental and social framework.

Among the keynote speakers at the event were World Bank Chief Executive Officer Cristalina Georgieva, Oxfam President and CEO Abby Maxman, World Bank Chief Executive Officer Jason Alford, as well as other economists and specialists in global economic and financial affairs. Of accredited journalists to attend these meetings from around the world.

The IMF and the World Bank are sister organizations within the United Nations system and share a common goal of raising living standards in their member countries. The two institutions follow two complementary approaches to this goal. IFAD focuses on macroeconomic issues while the Bank focuses on long-term economic development And poverty reduction.   LINK


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