Iraq and the World Bank hold a workshop to develop public debt management

On Monday, the Ministry of Finance carried out a workshop on “Creating Public Debt Administration” in coordination with the World Financial institution, whereas the ministry indicated that the workshop comes throughout the framework of a joint motion plan with the Reform, Restoration and Reconstruction Fund for Iraq. 

And the ministry acknowledged in a press release that “Nass” obtained a duplicate of it (June 13, 2022), that “underneath the steering and follow-up of Minister of Finance Ali Abdel Amir Allawi, the Ministry of Finance held immediately, Monday, June 13, 2022, a workshop to develop the work of the Public Debt and Debt Administration Division in accordance with worldwide requirements.” Trendy, in cooperation with the World Financial institution, and with the participation of a bunch of specialists and consultants in points of public debt administration. 

The assertion added that, “throughout which, views and views have been exchanged concerning the duties and priorities of debt administration in Iraq, and the prognosis of strengths and weaknesses in direction of attaining a great and strong degree of efficiency, in step with worldwide high quality requirements and necessities,” explaining that “the workshop comes throughout the framework of a joint motion plan with The Iraq Reform, Restoration and Reconstruction Fund, funded by donor nations over the following two years. 

The ministry indicated that “the workshop is likely one of the first fruits of efforts to advance the administration of the general public debt division, and a nucleus for constructive cooperation between the Iraqi Ministry of Finance and the World Financial institution within the improvement of the institutional construction and authorized frameworks, along with refining the talents and experiences of debt administration personnel, and attaining excessive ranges of effectivity, efficiency and transparency. “. 

The workshop mentioned, based on the assertion, “the potential threat administration side of the problem of public debt, each inner and exterior, in addition to managing sovereign ensures, elevating the extent of submitted reviews associated to the work of the Ministry of Finance, and measuring their high quality to have the ability to strengthen the pillars of the Iraqi financial system and possess actual buffers to confront monetary and financial shocks.” 

The assertion continued, “The method of creating the general public debt technique is among the many priorities of the reform plan (the white paper), and throughout the framework of the Ministry of Finance’s continued dedication to creating the rational administration of monetary assets and selling sustainable and balanced improvement.”

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