By Dr Haidar Naama Bakhit, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Pension System and Fund in Iraq: Assessing the Reality and Reform Strategies between Financial Sustainability and Social Justice Iraq's pension system, managed […]
By John Lee. UK-based Development Analytics Ltd has won a contract with the International Labour Organization (ILO) to, "[Make] The Case for an Old-Age Social Pension in Federal Iraq." The contract value was not disclosed. According to information provided by the UN, the ILO, together with UNICEF and WFP, are implementing an EU-funded Joint Social […]
From the International Labour Organization (ILO): A holistic approach needed for reforming Iraq's pensions system in line with international labour standards A new policy note from the International Monetary Fund (IMF), International Labour Organization (ILO) and World Bank presents an overview of the key features of the comprehensive pension reforms in Iraq, including a tax-financed […]
By John Lee. The International Monetary Fund (IMF), International Labour Organization (ILO), and World Bank have issued a detailed report on the reform of Iraq's pension system. The report, titled "Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq", highlighted the following key points: Importance of Pension Systems: Central to social protection. Ensures […]
UNDP, USAID and KRG support digitization of the Public Pension Management Information System in Kurdistan The United Nations Development Programme (UNDP) in Iraq and Kurdistan Regional Government (KRG) of Iraq, with support from the United States Agency for International Development (USAID) has launched a new Public Pension Management Information System (PPMIS) in Kurdistan. The system […]
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Salaries of Iraq senior officials depleting state budget The "astronomical" salaries of the president, ministers, members of parliament and other senior ranking officials in Iraq are depleting […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq is facing its worst economic crisis since 2003, worsened by the global drop in oil prices and the coronavirus pandemic. Mustafa al-Kadhimi's government led by has proposed austerity measures, including capping the […]
By John Lee. The Iraqi government has said it intends to extend pension rights and other benefits to public sector employees on short term and daily contracts. At a cabinet meeting in Baghdad on Tuesday, Prime Minister Adil Abd Al-Mahdi told the Cabinet that the government intends to introduce measures to give public sector employees on […]
