Kuwait calls on countries participating in the conference to rebuild Iraq to fulfill their obligations

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Abadi from Kuwait: The government still suffers from chronic administrative bureaucracy

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Abadi from Kuwait: The government still suffers from chronic administrative bureaucracy

 

14-02-2018 01:22 PM

 

The Euphrates -

 

Prime Minister Haider al-Abadi said that investment in Iraq will help in reconstruction and that it will stimulate the economy and provide jobs. 

Abadi said in a speech during the closing session of the Kuwait conference for the reconstruction of Iraq, today that the programs have been developed to qualify public companies of the state through partnership with the private sector, noting that 'the government is still suffering from a bureaucratic administrative chronic. "We are looking for real and strategic partnerships, fair and acceptable benefits for all, and we look forward to a deep understanding of our reality. We are well aware of the obstacles that slow the development process and hamper the entry of partners. We still suffer from bureaucratic bureaucracy, but we are working hard to streamline procedures and The current investment law in Iraq is one of the best laws in the region. However, the Iraqi government issued a package of regulations and instructions that facilitate the implementation of this law. 

He added that the government was able to restore half of the total number of displaced people, which amounted to about 5 million people, stressing that the return of displaced persons is voluntary, and the rehabilitation of basic services quick projects encourage the return of displaced people to their areas, which is urgent, stressing that the insistence of the government To fight corruption and to create a successful environment, under clear and transparent work, and will not stop fighting corruption. 

Abadi said that it is indispensable to support the restoration of stability in the restored areas and to continue the return of the displaced, because Iraq after defeating the organization is looking forward to the future with confidence and co-existence. Pointing out that Iraq is the land of opportunity and we aim to create a sound economic environment for all citizens, and we are working to simplify procedures for investors and we have to stop slack in public institutions. 

For his part, UN Secretary-General Antonio Guterres called for continued coordination of international efforts to rebuild Iraq, noting that Iraqis are building 'a new Iraq and must be assisted. Adding that Iraq is ready to carry out the necessary reform in the financial and economic sectors, 'noting that' Iraqis are building a new Iraq and must help them. ' 

He concluded by saying that reconciliation in Iraq should include accountability for the crimes that I have committed, pointing out that millions of displaced persons have returned to their areas in Iraq, and we must help them to restore stability to these areas. 

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Kuwait Conference: International pledges of $ 12.5 billion for the reconstruction of Iraq

 

Kuwait - Mahmoud Bedair

14 February 2018

 

Won Iraq at the end of the international conference  for the reconstruction of Iraq , which was held in Kuwait over the past three days in the presence of a number of ministers and officials from various countries around the world, pledges from international donors worth 12.5 billion US dollars.
Sources at the conference said the pledges were made by senior officials from Kuwait, Qatar, Saudi Arabia, Turkey, Europe and other countries who have announced credit lines, loans and direct investments in the billions of dollars to contribute to the reconstruction of Iraq.

Earlier today, Kuwait's Amir Sabah Al-Ahmad Al-Sabah announced that his country would provide Iraq with $ 2 billion in loans and investments. It would invest $ 1 billion in investment to contribute to the reconstruction of the neighboring country and $ 1 billion in loans. Sabah said the Kuwaiti contribution came "out of its commitment to supporting the brothers in Iraq."

Iraq hopes that the international community will meet its "victory" over the extremist "Da'ash" organization, with a huge financial contribution that rebuilds what has been destroyed by the three-year war, amounting to about $ 88 billion.

The Amir said his country was aware of "the extent of the destruction caused to Iraq by the control of these terrorist organizations on some Iraqi territory." He considered that reconstruction "an action that Iraq will not be able to address alone, which led us to appeal to the international community by inviting him to participate in this work and bear the consequences."

The morning that "there is great support from the United Nations,  the European Union and the World Bank to contribute to the reconstruction of Iraq," pointing out that "our conference will play an active role for the reconstruction of Iraq and a secure future for the region."

Qatar, according to Qatari Foreign Minister Sheikh Mohammed bin Abdul Rahman al-Thani, has pledged to "support reconstruction and provide a package of loans and investments to Iraq with a billion dollars." On the sidelines of the donor conference in Kuwait, the minister said his country is committed to supporting reconstruction in Iraq, stressing that Qatar's efforts will focus on infrastructure projects.

For its part, Saudi Arabia, according to the Minister of Foreign Affairs Adel Al-Jubeir, that "the Kingdom allocates 1.5 billion dollars for projects for the reconstruction of Iraq and the financing of Saudi exports to him." While the UAE pledged $ 500 million for the reconstruction of Iraq. 

The bank, which is the largest development organization in the Islamic world, is ready to finance Iraq's infrastructure by 500 million dollars, the head of the Islamic Development Bank, Ahmed Mohammed Ali al-Madani, said Wednesday.

Meanwhile, Turkish Foreign Minister Mouloud Gaooshoglu announced that his country would "provide 5 billion dollars of credit lines to Iraq." While Germany said it would "provide assistance to Iraq worth 350 million euros (equivalent to 432 million dollars) in 2018."

Britain pledged up to $ 1 billion a year to Iraq in the form of export credit for 10 years. Japan said it would contribute $ 100 million this year to Iraq through UN agencies and international organizations.

The European Union has pledged to invest some 400 million euros ($ 493 million). EU High Representative for Foreign, Political and Security Affairs and European Commission Vice President Federica Mugherini announced that the EU will invest 400 million euros in humanitarian aid and stabilize Iraq.

Giorgio Marabudi, director general of development cooperation in Italy, said today that his country would provide easy loans of 260 million euros ($ 321 million) to Iraq, as well as $ 6.5 million in grants and humanitarian assistance of five million dollars.

The Arab Fund for Development also pledged about $ 1.5 billion in loans.

Speaking at the opening of the conference, Mugherini said these commitments would come from the EU budget and differed from the EU's individual assistance. The EU and the United States contributed $ 3.5 billion last year in support of the Iraqi people, she said.

For his part, UN Secretary-General Antonio Guterres, said that the conflict in Iraq caused a lot of destruction, stressing the support of the United Nations through its plans for reconstruction. He congratulated Guterres in his speech opening of the Kuwait International Conference for the Reconstruction of Iraq , the Iraqi government 's victory over the so - called Islamic state organization (Daesh), inviting them to secure a non - sectarian future for Iraq.

For his part, Iraqi Prime Minister Haider Abadi said in a speech to the conference that his country looks forward to "a broad partnership with the private sector in Iraq, and will not stop fighting corruption, which is one of the reasons for the existence of terrorism in Iraq.""We look forward to strategic partnerships and an understanding of our reality and the obstacles of chronic bureaucracy, and we have begun to work to get rid of some old laws."

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World Bank official: Efforts at Iraq reconstruction conference have been successful

2018/02/14    07:55 PM

(KUNA) - The World Bank has been working with Kuwait for a long time and closely to prepare for the Iraq reconstruction conference, World Bank Mashreq director Sarun Jakumar said Wednesday. He added in a speech at the press conference at the conclusion of the Kuwait International Conference for the reconstruction of Iraq that the efforts made in preparation for the conference has been successful through private sector partnership, which has emerged through active participation. He pointed out that the Iraqi government presented at this conference very important projects for foreign investors, stressing the implementation of a package of economic reforms to attract those investments and implementation on the land of its country to serve Iraq and its people. He called on all investment companies to continue to implement projects in Iraq in cooperation with the World Bank. He pointed out that human investment is the most important for achieving development, economic recovery and reconstruction of Iraq's infrastructure.

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14 February 2018 - 17H07

The Iraqi government has signed two projects worth 510 million dollars with the World Bank

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WASHINGTON (Reuters) - The Iraqi government and the World Bank signed two projects worth $ 510 million on Wednesday to improve the living conditions of Iraqis, increase water distribution and create jobs.

The two projects were signed in the framework of the International Conference on Iraq Reconstruction, which ends Wednesday in Kuwait, the World Bank said in a statement from its headquarters in Washington.

The two projects will be added to a $ 750 million World Bank-financed development program.

The World Bank's funding in Iraq has risen to 4.7 billion dollars from 600 million dollars four years ago.

In addition, the bank explained that these funds "will provide immediate support for the rehabilitation of the education sector and health services and reconstruction of roads and bridges and the restoration of electricity networks and water systems."

On the third and final day of the Iraq reconstruction conference, pledges of loans, loans and investments to help rebuild the country beyond three years of devastating war with Islamic extremists totaled 25 billion dollars.

Baghdad is waiting for much of the international community to face the huge reconstruction workshop, estimated at $ 88 billion.

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Kuwait conference gives Iraq 30 billion dollars as pledges for development and investment - Video 

 

Kuwaiti Foreign Minister Sheikh Sabah Al-Khalid Al-Hamad Al-Sabah said at the end of the Kuwait International Conference for the Reconstruction of Iraq that the development and investment pledges to Iraq amounted to 30 billion US dollars.

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Last Updated on Wednesday, 29 Jumada I 1439 H - February 14, 2018

The proceeds of reconstruction aid for Iraq are $ 30 billion

 

Wednesday, 29 Jumada I 1439 H - February 14, 2018

• Conference on the reconstruction of Iraq
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Kuwait - AFP

Kuwait announced on Wednesday that commitments to Iraq amounted to $ 30 billion during an international conference on the reconstruction of the country, which was devastated by three years of war against an oppressive organization.

"The international community's commitment to Iraq was clear during the conference,"said Kuwaiti Foreign Minister Sheikh Sabah al-Khalid al-Sabah, whose country is hosting the conference, with a total of $ 30 billion, or 20.3 billion euros.

Iraqi Foreign Minister Ibrahim al-Jaafari said Wednesday that pledges made at an international donor conference to rebuild Iraq "are less than what Iraq requires."

"The funds allocated will contribute to reconstruction but will not meet the need," Jaafari told a news conference.

At the same press conference, UN Secretary-General Antonio Guterres described the conference as "tremendous success".

[yota691]

Kuwait conference for the reconstruction of Iraq concludes its work by raising 30 billion dollars

 

Wednesday, February 14

 

 

 

Alsumaria News / Baghdad , said Kuwaiti Foreign Minister Sabah Khaled Al - Hamad Al- Sabah , Wednesday, for the conclusion of the work of the Conference on Reconstruction of Iraq held in his country, collecting funds worth 30 billion US dollars.  Al-Sabah said in his closing speech on the conference and its follow-up to Alsumaria News that "all the work of the Iraq reconstruction conference was successful and we announce the conclusion of the conference," pointing out that "the rich interventions and valuable contributions of all participants in all the meetings reflected clearly the commitment of the international community to ensure A secure and stable future for brotherly Iraq. "     "The participation of 76 countries, regional and international organizations, 51 development funds, regional and international financial institutions, 107 local, regional and international non-governmental organizations and 1,850 private sector representatives," he said, revealing that "this momentum of investment and development partnerships Reconstruction of Iraq amounted to 30 billion US dollars. " Kuwait has sponsored the Iraq Reconstruction Conference last Monday, which highlights the material losses Iraq has suffered over the last three years and during the period of the Da'sh organization's control of large areas from June 2014 until its full liberation late last year.

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Kuwait conference on reconstruction of Iraq concludes with contributions estimated at 30 billion dollars

Editorial Date: 2018/2/14 17:54 • 236 times read

[Ayn-Baghdad] 
Kuwaiti Deputy Prime Minister and Foreign Minister Sabah Khalid Al-Hamad Al-Sabah said at the end of the Kuwait International Conference for the Reconstruction of Iraq that "30 billion dollars of contributions from the countries participating in the Kuwait conference for the reconstruction of Iraq"

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Abadi to the Kuwait Conference: We look forward to strategic partnerships and a deep understanding of our reality [expanded]

Editorial Date: 2018/2/14 13:00 • 281 times read

[Ayna-Baghdad] 
Prime Minister Haider Abadi said Iraq is looking for real and strategic partnerships and the exchange of fair and acceptable benefits for all.

Al-Abbadi said in his speech to the Kuwait International Conference for the reconstruction of Iraq, "I would like to salute you and congratulate your great efforts in holding this gathering, which reflects the keenness to achieve the goals of the International Conference on Iraq Reconstruction hosted by the sisterly State of Kuwait. "He said. 
"I am also pleased to thank our partners in preparing for this conference the United Nations, the European Union and the World Bank, valuing their approach in supporting the reconstruction, development and investment in Iraq."
Al-Abbadi thanked the companies, organizations and personalities who were keen to attend the conference both on its first day devoted to the reconstruction sessions, which coincided with the convening of a conference of non-governmental organizations to support the humanitarian situation in Iraq or on the second day of investment and the private sector, which is the largest economic demonstration to support And I would like to salute the representatives of the brotherly and friendly countries and all the parties attending the final conference today. " 
He pointed out that "after Iraq achieved its great victory and pushed back and ended his dream abhorrent, thanks to the bravery of our armed forces and international support and the sacrifices of the people of Iraq who have licensed their blood in defense of land and dignity, and the size of a threat to the whole world, Iraq looks forward to the future confidently embrace the emerging generations of Iraq , These generations that are now growing away from dictatorship and tyranny and believes in openness and coexistence and working for a better tomorrow. "
"Development in Iraq is a development for the entire region and for all its neighbors," he said. "Today we consolidate the concept that Iraq is a bridge for convergence rather than a battlefield for Iraq to be a space for mutual understanding and a gateway for exchanging interests, benefits, visions and ideas." 
The prime minister pointed out that "our vision for development in Iraq is based on the principle of complementarity and not conflict. We seek integration with our neighbors first, with our Middle East region and with the international environment." We insist that we succeed in creating this integration despite the challenges we face now and we will face in the future.
"We are looking for real and strategic partnerships and sharing fair and acceptable benefits for all, and we are looking forward to a deep understanding of our reality. We are well aware of the obstacles that slow the development process and impede the entry of partners. We still suffer from bureaucratic bureaucracy. A major work to get rid of the old laws, and the current investment law in Iraq is one of the best laws in the region, yet the Iraqi government issued a package of regulations and instructions that facilitate the implementation of this law. 
"Iraq needs a renewal of infrastructure and an increase in the training of skilled manpower, and you also realize that Iraq is the land of endless opportunities and has a vital and persevering people," he said.
"Our aim is to create a sound economic environment to provide thousands of job opportunities for young people and craftsmen and to improve the living and service levels of citizens," he said. 
"We fought terrorism in our cities and it was an open and cruel war. We saw our homes destroyed, our schools burned, our streets were battlegrounds, and we suffered all this pain because we were fighting not only for Iraq, but for humanity, we fought the most bloody and criminal terrorism in modern history, We are keen to take into account the humanitarian aspects and the guidance to all our combat forces that the objective of the nominal during their military operations against Daqash is to maintain the safety and security of our citizens and dedication in order to spare the families of the risks and the transfer of those exposed to them away from the battlefields.
"We expect our brothers and friends to share the responsibility to rebuild the devastation caused by the war and the consequent decline in the infrastructure of basic services," he said. "We must continue to support the restoration of stability in the liberated areas. We have succeeded in returning more than half of the Number of five million displaced. " 
Abadi stressed that "the return of the displaced is voluntary, the rehabilitation of basic services with quick projects encourages the return to their areas is urgent, we must mention here that Iraq as a whole and because of this confrontation with terrorism has suffered from the decline of development and there are significant opportunities in all Iraqi provinces From Basra, which represents the history and civilization and economic boom, and the Dhi Qar and its marshes and effects through the Babylon civilization and the beloved capital Baghdad and liberated Anbar, Ninawa or spring and the provinces of our beloved north in Iraqi Kurdistan.
"In light of our follow-up to the progress of your conference yesterday and today, we would like to express our great satisfaction with the activities of the conference and to commend the efforts of those who carry it out," he said. 
"Investment is the key to achieving sustainable development, whether it is to activate the economy, increase production or run labor," he said. 
"Since we took responsibility for supporting the private sector and investment, we have made it one of the six pillars of the government program. We have worked on a series of reforms to improve economic sectors and investment opportunities," he said.
"In the past few weeks we have launched a package of measures in the cabinet to improve the investment environment in Iraq," Abbadi said. "The cabinet has agreed to sign international agreements that protect investment in Iraq." 
"The partnership between the public and private sectors has also been approved. We have already approved the restructuring program of state-owned companies through partnership with private companies," he added. 
"We objectively objected to many of the public facilities from negligence and sagging, which lost them the advantages of efficiency and productivity, and we had to stop slack in the performance of these facilities, by calling for a real partnership with the private sector, we look forward to moving forward."
He announced that "the launch of a strategic plan for reconstruction will be a platform for the launch of projects under the criteria and priorities that took into account the requirements to achieve the goals of sustainable development for the year 2024 as well as the vision of Iraq 2030." 
"In order to ensure transparency, we are proceeding with the promising investment process by meticulously executing the single window. We will follow through the Higher Committee for Investment and Reconstruction, headed by the Prime Minister, through an executive follow-up committee linked to the Supreme Committee to ensure the accuracy of implementation and transparent procedures." 
He explained that "the successful experiences of some investors in Iraq reflect the real will to enter the investment sector, and therefore we look forward to you to broad partnerships with the private sector of Iraq," stressing that "our insistence on our fight against corruption will provide a successful environment, under clear and transparent work, .
He pointed out that "this conference is the beginning of the great start for reconstruction and investment in Iraq, and Iraq will continue its march to promote it and provide a true climate, and look forward to your presence in Iraq, welcome your efforts and confirmed the government's keenness to double the effort to open the real investment portal for the benefit of all Iraqis "He said. 
"It is important to emphasize the outstanding role played by international and regional organizations in supporting the reconstruction, development and investment of our beloved country," he added.

[zul]

1 hour ago, yota691 said:

"all the work of the Iraq reconstruction conference was successful and we announce the conclusion of the conference

 

30 billions in 3 days. This is just the beginning, many interested parties are still in 'wait and see' mode.

More to come....in the near future.

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Conference of Kuwait .. A global coalition for the renaissance of Iraq

15/2/2018 12:00 am    Folded his last page  Baghdad / Hussein Thagb / Shukran al-Fatlawi Such as the donor conference in Kuwait is an opportunity for direct communication between the local and global effort and to identify the requirements of real work and construction that entice large international companies that have the expertise and qualitative implementation within the liberated areas and the whole investment projects in Iraq.  Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh said: "The Kuwait Conference reflects a global financial and financial gathering similar to the alliance for the renaissance of Iraq and turn it into a focus of sustainable stability by providing factors for development, this is the success envisaged by the conference, but the momentum of success requires the existence of a permanent Secretariat for the reconstruction of Iraq stems from The conference to realize the principle of how the international community can join efforts to invest in the vital field of the victorious nations and their states on the evils of terrorism, conflict and tensions and turn them into zones of peace and lasting development.  "It is a new philosophy in international politics that links peace with victory and lasting development that entrenches peace and opportunities for stability. Development is stability. Stabilization needs a victor in the war on terror to create a political economy for peace and its endowments of reconstruction and development with sustained momentum," he said.  Local work  President of the International Federation of Businessmen d. Hamid Al-Aqabi told Al-Sabah: "It is hoped that the conference will contribute to the reconstruction of a large area of the cities destroyed by the terrorist, where the understandings and wishes of the participants reflect the presence of real trends in the local labor market, which provides great employment opportunities, Which is recognized by all States participating in a conference  Kuwait.  Objectives of the Conference  He said that during the first and second day, we touched on a great movement between everyone from the private sector and governments to achieve the objectives of the conference, which is the whole benefit to both sides of the process. He explained that the conference, which consists of 35 countries came to establish investment projects in support of reconstruction of the destroyed areas and is expected to put 60 investment projects in Different sectors.  Achieving well-being  In turn, the economic expert Abdul Hussein al-Hakim that "this is the first international forum organized in the region aims to support Iraq and the transfer to the stage of development and benefit from its natural and human capabilities disabled for decades, which requires that we employ this international effort to serve the national economy and work to achieve well-being To the Iraqi families and improve their economy and economy  the National".  Al-Hakim said that "the reality of Iraq economically encourages the bringing of international expertise in all areas of production and service, especially as the volume of work accommodates the activities of international companies, thus enhancing the spirit of competition between companies in order to obtain employment opportunities to enable it to expand its activity in a country has the elements of success Raw materials and market for most industries. "  The fundamentals of advancement  Al-Hakim stressed that "Iraq embarked on this conference towards the establishment of the fundamentals of economic advancement after it got the solidarity of world powers that wanted to provide grants or investment in various economic activities production and service, aware of Iraq's position on the map of the world and its various capabilities."  "The Kuwait International Conference on Iraq Reconstruction is the beginning of the security and development phase in the region," said Ali Al-Ghanim, head of Kuwait Chamber of Commerce and Industry.  A new experience  Al-Ghanim said during the opening session of the conference "Invest in Iraq", as part of the Kuwait International Conference for the Reconstruction of Iraq, which was launched in Kuwait yesterday: Kuwait does not consider the conference to be a new experiment that is dedicated to Kuwait's regional, Arab and international role. Arab-Arab relations from the perspective of the future  Interests.  International conviction  "The observer for the conference days feels that the international presence in this forum has not come from a vacuum, but there is an international conviction that Iraq is capable of advancing. It can be a major economic force and influential regionally and internationally. This is done through partnerships with An international community with technological capabilities to implement projects in all sectors without exception ".  Al-Shammari pointed out that "the exit of Iraq victorious from a major war is not the reality of dealing with it by the international community, especially as well as the country's possession of wealth that qualify for sustainable development, which achieves the highest economic feasibility of Iraq and investment companies wishing to work in Iraq."  The Iraqi Market  "The first steps to sustainable development that Iraq seeks will be launched through a donor conference in Kuwait, where the world's largest companies are looking to be in the market  Iraq ".  He pointed out that "the advancement of the planning aspects is a necessity for achieving development. It is through this chapter that we can identify the most important and important and that we really start a comprehensive development process in accordance with international quality standards."  He pointed out that "the global effort has advanced technologies that shorten the time and effort to strengthen the domestic economic capabilities that return Iraq to its international position among the largest economies  the world".  "The Kuwait conference came in a new order, which represents a direct dialogue with the international economic forces in conjunction with a serious desire to activate cooperation and open bridges of cooperation within a short period of time, and this is what was actually done during the days of the conference," said Akil Nouri.  He said that "the coming period requires the concerned parties to work to deal with the results of the conference very seriously, and follow them very seriously through specialized committees formed from the public and private sectors to achieve the goals  "The Conference will have a positive impact on the lives of families and owners of small and medium projects associated with the construction and reconstruction.

[yota691]

Kuwait Conference for Iraq support

15/2/2018 12:00 am  Jamal Shaker al-Rubaie is   a global step to open up to Iraq, especially after the end of the page of terrorism, which has weighed the Iraqi budget, except for the clean blood that has been shed and Iraq's losses in infrastructure beyond the size of the country's potential to bear the costs of reconstruction. Therefore, the countries of the world must share with us the burden of confronting terrorism, which is a threat to all, especially as we suffer from a decline in oil prices, which is Iraq's economic artery because the cost of confronting terrorism has exhausted the economy.  We have been aware that the battle has negative aspects that cast a shadow over the various sectors. But the confrontation was inevitable and the country alone has borne the heavy costs of the war against terrorism over the past years, not only fighting for its territory, but also because terrorism threatens the security and safety of most   countries.  So it was fair to meet countries from different parts of the earth to be with Iraq financially and humanely with civil organizations and companies and businessmen to be in this supportive position and positive openness to dismantle the isolation that we faced in   previous years .  This conference, sponsored by the sisterly State of Kuwait, is a ray of hope in arranging the economic situation and exploiting the huge number of donors, donors and participants from countries to rebuild   Iraq.  But the question we have to ask ourselves: Was the Iraqi delegation at the level of this gathering? Did he prepare plans and priorities in his agenda, which he reviewed before this gathering to gain the trust of the participating countries and give credibility to his orientation? Has the Iraqi delegation prepared its papers in a way that makes these countries take support seriously? So we offer a program to convince donor countries that we are determined and planned and planned in how to invest those donations or grants through projects with humanitarian support or financial support, despite the fear of wasting these funds and the loss of   corruption. But some countries may implement projects on their own, and we have to welcome and support them and prove them to our good intentions, and to prevent the exploitation of the funds provided by .. It is important to attract everyone and accept the various forms of support and both as he sees fit .. Important to pick the fruit in order to maintain Good intentions of those   States.  Iraq is fertile ground for investment open doors for all The time has come for Iraq to be a center for attracting capital because the Iraqi market is the best markets in the region to invest and these steps will lead to move the market and the economy and find jobs.  The positive response should be framed by steps to facilitate and support investments and eliminate the disincentives to investment, including routine workshops that make the investor away from Iraq because of overlapping decisions and interests between   ministries.  We must invest this historic opportunity to make our country a dream of money men, investments and companies to enter our markets, and provide them with an encouraging environment of facilitating procedures while providing security.  We hope that Iraq will be as responsible and hold this opportunity and change its image distorted by terrorism. We also hope that this conference will be a step towards security and stability, restoring life to the affected areas and supporting the economy by supporting industries and rehabilitating some of them. The best ..  Thank you to the State of Kuwait for hosting this global gathering and thank you to everyone who stood with us in this good gathering.

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Iraq and Kuwait signed the regional communication corridor project

By

 rami

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February 14, 2018

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The Deputy Chairman of the General Authority for Communications and Information Technology, Khalid Al-Kandari, and the Director of the Legal Department of the Iraqi Ministry of Communications Emad Al-Shammari, signed an agreement on the project of the regional communications corridor.
Al-Kandari told a news conference on Wednesday that the project is to connect the international maritime cables between the eastern and western regions, through the Arabian Gulf and from Kuwait, Iraq and Turkey.
Al-Kandari added that the project will develop the infrastructure of Kuwait and establish a global headquarters in the field of communications, in addition to providing many opportunities for employment and investment for international companies.
Al Shammari said the agreement is working to create a regional corridor for communications and modern technology in the Middle East through Iraq, given its location.
Shammari stressed the interest of the two countries in this project because of its importance in achieving revenues, employment opportunities and investment that contribute to the development of the two countries.

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Iraq and US Export and Import Bank sign $ 3 billion deal

By

 rami

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February 13, 2018

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The US Export and Import Bank plans to provide a $ 3 billion line of credit to help rebuild the country after the war against a pro-Western organization, US Secretary of State Rex Tillerson said on Tuesday.
“To demonstrate its strong commitments, the Export and Import Bank and the Iraqi Ministry of Finance will sign a $ 3 billion memorandum of understanding today that will prepare the ground for future cooperation,” Tillerson told a conference in Kuwait on the reconstruction of Iraq.

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International pledges worth $ 30 billion during the Kuwait conference

15/2/2018 12:00 am   The world is lining up with Iraq in the reconstruction process Kuwait / Abbas AbboudMohammed Ismail Once again, the countries of the world are lined up to announce at the conclusion of the Kuwait conference support and stand with the reconstruction of Iraq, after supporting the efforts to eradicate the roots of terrorism, agree that supporting the construction in Iraq is an international responsibility Which is the position expressed by the participating countries at the end of the conference, when Iraq gave financial pledges worth 30 billion dollars. During his stay in Kuwait, many government officials and representatives of major international companies came to the residence of Prime Minister Haider al-Abadi, announcing their solidarity and standing with Iraq in the construction and reconstruction campaigns. Deputy Prime Minister and Foreign Minister of Kuwait, Sabah Khalid Al-Hamad Al-Sabah, the most beautiful pledges of the countries participating in the conference, indicating that it amounted to 30 billion US dollars.  Kuwait's emir, Sheikh Sabah al-Ahmad, announced Kuwait's commitment to allocate $ 2 billion, including 1 billion dollars in loans and billions of investments, while Saudi Foreign Minister Adel al-Jubeir announced the kingdom's allocation of $ 1.5 billion for Iraq reconstruction and export financing projects.  In turn, the UAE pledged $ 500 million for the reconstruction of Iraq, while the Turkish Foreign Minister announced five billion dollars to Iraq in the form of loans and investments.  For its part, Germany said it will provide aid to Iraq worth 350 million euros in 2018, Britain has pledged up to one billion dollars a year to Iraq in the form of export credit for 10 years, while the Arab Fund for Development pledged $ 1.5 billion to Iraq, € 260 million in soft loans and $ 11.5 million in aid to Iraq. UN Secretary-General Antonio Guterres called on the international community to "stand with Iraq to achieve recovery," stressing the need for "continued coordination of international efforts to rebuild Iraq."  While EU High Representative for Foreign and Political and Security Affairs and Vice-President of the European Commission Federica Mugherini pledged to invest the European Union $ 400 million in humanitarian aid and stabilize Iraq.  While World Bank Group President Jim Young Kim noted that "there are great opportunities to invest in and rebuild Iraq," GCC Secretary-General Abdullatif Al-Zayani said: "This conference, with the participation of a number of countries, bodies, organizations and companies, To carry out its political and humanitarian responsibilities to assist Iraq. Broader details in internal pages

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$ 30 billion in total contributions from participating countries

15/2/2018 12:00 am    Kuwait / Abbas Abboud / Mohammed Ismail  The countries and organizations participating in the Kuwait Conference pledged to grant Iraq financial pledges amounting to more than 30 billion dollars, committing to the reconstruction of Iraq after its victories on terrorism.  Commitments of Participating States  Following the opening session held in the presence of Prime Minister Haider al-Abadi and the Emir of Kuwait, Sheikh Sabah Al-Ahmad, who announced Kuwait's commitment to allocate $ 2 billion, including one billion loans and billions for investment in Iraq. He spoke to the UN Secretary General, EU Commissioner for Security and Foreign Policy Federica Mugherini, In this context, Saudi Foreign Minister Adel Al-Jubeir announced that Saudi Arabia would allocate $ 1.5 billion for Iraq reconstruction and export financing projects. In turn, the UAE pledged $ 500 million for the reconstruction of Iraq, while the Turkish Foreign Minister announced five billion dollars to Iraq in the form of loans and investments. For its part, Germany said it would provide aid to Iraq worth 350 million euros in 2018, Britain has pledged up to one billion dollars a year to Iraq in the form of export credit for 10 years, while the Arab Fund for Development pledged $ 1.5 billion to Iraq, € 260 million in soft loans and $ 11.5 million in aid to Iraq.  The IDB also announced its readiness to provide $ 500 million in funding for Iraqi infrastructure.  The revival of Mosul  The Director General of the United Nations Educational, Scientific and Cultural Organization (UNESCO), Audrey Azoulay, affirmed the organization's determination to work on international mobilization to revive the historic spirit of Mosul City and the multiple identity that embodies the religious diversity of Iraq.  In his speech, the Amir of Kuwait said: "The size of the international mobilization at the official, popular and private levels represents recognition by the world of the magnitude of the sacrifices made by Iraq in the face of terrorism and the international community's efforts to reward them.  confrontation".  "The size of the destruction caused to Iraq by the control of terrorist organizations on some of the Iraqi territory and the ensuing fighting of these organizations to clear the Iraqi soil, today must begin a comprehensive reconstruction of the destruction of infrastructure and other life facilities, Iraq can deal with it alone, "adding that" the indicators confirm the success of the conference, which gives hope for the stability of Iraq. "  "His country will allocate one billion dollars as loans to Iraq and it will commit another billion dollars as investments," he said.  Kuwait's Deputy Prime Minister and Foreign Minister, Sabah Khalid Al-Hamad Al-Sabah, praised the pledges of the countries participating in the conference, pointing out that they amounted to 30 billion US dollars.  Sheikh Sabah Al-Khalid said in his speech at the closing session of the Ministerial Meeting of the Iraq Reconstruction Conference that this amount resulted from the broad momentum of the participation of 76 countries, regional and international organizations, 51 development funds, regional and international financial institutions, 107 local, regional and international non-governmental organizations and 1850 competent bodies. Of representatives of the private sector.  "We have once again demonstrated our deep faith in the foundations and principles of peace as a way to build and grow, and that the shoals of destruction and destruction and terrorism will never triumph over the will to live and live on development and reconstruction," he said.  Coordination of international efforts  The Secretary-General of the Council of Ministers, Mahdi Al-Alaq, addressed the Iraqi government's program of security and services and the transition to financial sustainability through the private sector and the organization of administrative and local relations. All with sovereign powers, reviewing the achievements of the Committee. The head of the reconstruction fund for the areas affected by terrorism, Mustapha al-Hiti, delivered a speech in which he explained that the fund was established by a decision of the House of Representatives to find out the need of the affected provinces, while the head of the National Investment Authority, Sami Araji, on measures to protect businessmen and investments. UN Secretary-General Antonio Guterres called on the international community to "stand with Iraq to achieve recovery," stressing the need for "continued coordination of international efforts to rebuild Iraq." "Iraq is ready to undertake the necessary reform in the financial and economic sectors," Guterres said, adding that "Iraqis are building a new Iraq and we must help them." "Reconciliation in Iraq must include accountability for the crimes committed," he said, adding that "millions of displaced people have returned to their areas in Iraq and we must help them restore stability to these areas." While EU High Representative for Foreign and Political and Security Affairs and Vice-President of the European Commission Federica Mugherini pledged to invest the European Union $ 400 million in humanitarian aid and stabilize Iraq. "These commitments will come from the EU budget and are different from the EU's individual aid," she said, adding that the EU and the United States contributed $ 3.5 billion last year in support of the Iraqi people.  She explained that the Kuwait conference for the reconstruction of Iraq was to remove all obstacles and challenges and find solutions to them, usually to participate in that conference to build peace in this region and the world at large. Mughireni noted the presence of Iraqi areas and cities in urgent need of a real response to reconstruction and emergency support to help the people of those regions and cities to return to normal life. Mujerini pledged that the EU would provide assistance in the fields of electricity, water, medical and food supplies to the liberated areas in Iraq, as well as the rehabilitation of schools in a number of Iraqi cities as well as the training of Iraqi forces by European military.  She praised the role of the Iraqi government in rebuilding the constitutional institutions in Iraq, describing that role as a "constructive step" and said that "the institutional work put an end to the tension between the government of Baghdad and Erbil" and expressed hope for continued dialogue between the two sides.  Resettlement of IDPs  The UN Development Program (UNDP) director Achim Steiner said in an interview that Iraq's reconstruction process is about providing basic services to people displaced by violence, giving them an opportunity to resettle.  He said the conference would boost the $ 800 million project to restore stability in Iraq, hoping to secure an additional $ 5 million in the conference as one of the largest humanitarian efforts in the region.  Steiner said that while the program was still in its infancy, it had contributed significantly to rebuilding a country that was in a state of dire need after years of war, with 1880 development projects being carried out in Iraqi cities liberated from the clutches of "Daash." He said the program had achieved remarkable results so far in Iraq, with more than half of the six million displaced Iraqis returned to their homes just three months after the end of military operations, which is a huge success story.  "There are great opportunities for investment in Iraq and reconstruction," said World Bank Group President Jim Young Kim. "The process of development and construction can not be done with government resources but with the participation of the private sector."  "The bank has increased its commitment to Iraq from 600 million US dollars in 2016, according to the initiative between the two parties to 4.7 billion dollars at the moment," Kim said, "He sought to provide more funds for economic recovery and work on the reconstruction of services and infrastructure Infrastructure for the affected areas in Iraq. "He explained that "the commitment of the bank has achieved many services to support the Iraqi people and contributed to investment in Iraq in the areas of transport, agriculture, banks and others to rebuild what was destroyed (Dahesh)." "What is needed in the region is a revolution in the quality and quality of human investment, such as health and education," he said.  GCC  For his part, Secretary-General of the Gulf Cooperation Council, Abdul Latif Al-Zayani said: "The convening of this conference with the participation of a number of countries, bodies, organizations and companies confirms the international community's keenness to carry out its political and humanitarian responsibilities to help Iraq. Al-Zayani stressed that the GCC countries have adopted a consistent position since the emergence of Da'ash and its joining the international coalition against him, led by the United States, as proof of that. He thanked the coalition for its efforts to defeat terrorism. He also expressed his hope for a unified, federal and democratic Iraq based on respect for the constitution, equality and citizenship and resolving differences through dialogue.  Zayani said that the Arab world opens its arms to Iraq, stressing the importance of deepening the Iraqi-Arab Association and cooperation and stand in the same row in front of the security challenges and address external interference, whatever the source.  He praised the efforts of the Iraqi government and its work to ensure the return of displaced persons and their rejection of any prejudice to the demographic structure of the liberated cities and governorates, and expressed the hope that the world will extend a helping hand to Iraq. For his part, OIC Secretary-General Yousuf Al-Othaimeen said in a similar speech: "The organization of the State of Kuwait for this important conference is a continuation of the efforts exerted by the Government and people of Kuwait to support the OIC member states and carry out many valuable initiatives to support humanitarian action. Al-Othaimeen said that Iraq is an Arab and Islamic depth, both in the fields of culture, politics, history, science and literature, and after the Iraqi government's victory over the organization of Da'ash, Iraq is on the threshold of a new stage and a great challenge that calls for mobilizing the courage to launch the stage of construction and reconstruction.  He pointed out that the initiative of the Organization of Islamic Cooperation through the second Mecca conference for national reconciliation in Iraq seeks to achieve civil peace and stability and create an appropriate environment among all segments of Iraqi society to begin the reconstruction phase in all its aspects and come up with ideas and procedures, whether intellectual or political, economic or social to overcome this stage quickly And focus on the issue of community justice and citizenship and make the Iraqi identity is the basis in dealing with all components of Iraqi society.  Exchange of knowledge and experience  "She attaches great importance to the commercial and investment character of the conference as the trade commissioner of British Prime Minister Theresa May to Iraq and Kazakhstan," said Baroness Emma Nicholson, a member of the House of Lords and Commercial Envoy of British Prime Minister Tony Blair. Azerbaijan and Turkmenistan.  "Kuwait is committed to the exchange of knowledge and experience with Iraq," she said, referring to the participation of many British companies in the reconstruction conference hosted by Kuwait. The interests of these companies and their fields of activity range from oil, gas, construction, finance, financial services and education. Higher. "  "The Iraqi government has prepared projects for each province or region in Iraq according to the priority and need of each province or area," he said. .

[Hotcurl]

Hmmm, I've read this and other articles related to the $30B pledged at the Kuwait conference.

There seems to be some ''fuzzy" math going on 'cuz, I'm not seeing the total of the "pledges" or any other figures that add up to $30B.

It appears closer to $14-15B depending on the wording, translation and some smoke seen in the mirror.

 

I may not be the brightest bulb in the box thus, I've been proven wrong a time or two  but willing to admit it.

Help me out and show me the $30B from the Kuwait conference.

 

Semper Fi

GO RV

 

[yota691]

Iraq and the World Bank sign two projects with half a billion dollars

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 rami

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February 15, 2018

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The World Bank Group and the Iraqi government on Wednesday signed two projects worth half a billion dollars on the sidelines of the ongoing Kuwait International Conference on Iraq Reconstruction.
The cost of the two projects exceeded $ 510 million to help the Iraqi people by improving living conditions, enhancing water supply and creating jobs.
Iraqi Prime Minister Haidar al-Abadi and World Bank Group Chairman Jim Young-Kim attended the signing ceremony.
The two projects will increase the size of the World Bank’s commitments in Iraq to $ 4.7 billion from $ 600 million four years ago, and the $ 750 million emergency operations program for development.

[yota691]

15-02-2018 01:14 PM

Does Abbadi reject the loans of the Kuwait Conference?

 

 

 

A source familiar with the Council of Ministers said on Thursday that Prime Minister Haider Abadi may 'reject' the loans granted to Iraq at the Kuwait conference, pointing out that the World Bank has confirmed the country's inability to bear more debt . 

The source said in a press statement that 'Abadi will discuss at the meeting of the Council of Ministers today, the loans granted to Iraq at the Kuwait International Conference for the reconstruction of Iraq, amounting to about $ 27 billion, and the possibility of rejection .

He pointed out that 'Iraq is not obliged to accept these loans, if it relies on foreign investments, and will be discussed at the meeting today .'

The source said that 'the World Bank had recommended the Iraqi government not to borrow more loans, including the facilitator, but the participating countries gave Iraq sovereign loans, threatening the wealth of the country in the event of not regulate the process of investment '.

"Iraq was expecting to receive grants of at least $ 5 billion, but it has only $ 2 billion and $ 800 million, " he said.

 

The source pointed out that 'the Central Bank of Iraq stressed during the Kuwait conference that Iraq can not afford any other loans after borrowing the maximum limit scheduled for the past four years, and will continue to pay loans for six decades to come .'

 

[yota691]

The Islamic Development Bank (IDB) is financing Iraq with $ 500 million

Release date: 2018/2/15 13:14 • 72 times read

[Oan- follow - up] 
Islamic Development Bank Chairman of Bandar Hajjar, said on Thursday that the bank in Kuwait, which is the largest development organization in the Islamic world, is ready to finance the Iraqi infrastructure at $ 500 million.

Kuwait's donors and investors met this week to discuss efforts to rebuild Iraq's economy and infrastructure. 
The countries and organizations participating in the conference pledged $ 29.6 billion.

[yota691]

Iraq is a "high-level" committee to monitor the disbursement of amounts received from the Kuwait Conference

14:20 - 15/02/2018

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Information / Baghdad ..

On Thursday, the Integrity Commission and the Financial Control Bureau announced a high-level committee to monitor the disbursement mechanism and loans provided at the Kuwait International Conference for the Reconstruction of Iraq.

The Authority said in a statement received by a copy of it that "the heads of the Integrity Commission Hassan al-Yasiri and the Board of Financial Supervision Salah Nuri agreed, during their meeting at the headquarters of the Commission, to form a high-level committee of the parties entrusted with the task of oversight of the legitimacy of the decisions and procedures of contracting for projects obtained Of the grants and loans allocated to Iraq at the Kuwait Conference for the reconstruction of Iraq, which ended on Wednesday.

The statement added that "Yasiri and Nuri identified during the meeting, the tasks and duties to be entrusted to the Committee, as well as the terms of reference of the members and the guidelines under which they will work, stressing the need to provide the requirements for the success of the work of the Committee, and provide them with the required support; to succeed in the performance of the tasks entrusted to it, That the other details of the composition of the Committee will be announced later. "

The Kuwait International Conference for the Reconstruction of Iraq, hosted by Kuwait from 12 to 14 February, was held with the participation of 76 countries, international and regional organizations, 51 development funds, 107 local, regional and international non-governmental organizations and 1850 private sector entities. And the necessary assistance for the reconstruction of Iraq, resulted in this broad momentum of investment and development partnerships for the reconstruction of Iraq from the collection of $ 30 billion dollars. Ending / 25

 

[yota691]

Parliamentary Economy: The loans obtained from the Kuwait conference will weigh the "burden" of the budget

 

 Since 2018-02-15 at 14:15 (Baghdad time)

Special Moazin News 
The Economic Committee in the House of Representatives, on Thursday, that the loans granted to Iraq at the Kuwait International Conference for the reconstruction of Iraq, amounting to about $ 27 billion, will weigh the "burden" of the budget. 
Najeeb Najib, a member of the committee, told Mawazine News that "the Iraqi government received, yesterday, during the donor conference held in Kuwait on amounts in the form of investments and loans." 
"As for investments, Iraq is suffering from a long period of its inability to attract foreign investment inside Iraq, and this is a good opportunity to start from them," Najib said. 
She explained that "the party that expressed willingness to invest in Iraq is to determine where to invest," asserting that "these amounts will have a positive impact on the Iraqi economy."
Iraq received $ 15.5 billion in sovereign loans through $ 1 billion in Kuwait, $ 5 billion in Turkey, $ 1 billion in Saudi Arabia, $ 1 billion in Qatar, $ 250 million in the UAE, $ 1.5 billion in the Arab Social Fund, Of development, $ 260 million Italy, and $ 6 billion World Bank). 
The Iraqi government also obtained non-sovereign loans, financing and project guarantees amounting to $ 11.61 billion, through $ 1 billion Kuwait, 0.5 reconstruction exports from Saudi Arabia, $ 5,200 billion, $ 210 million, United Kingdom, $ 3.5 billion, and 1.2 billion US dollars). 
The Kuwait International Conference for the Reconstruction of Iraq was launched on Monday, 12 February 2018, and concluded on Wednesday 14 February.

[yota691]

Iraq, Kuwait sign agreement on "regional corridor"

13:45 - 14/02/2018

 

  

Information / Baghdad ..

Deputy Chairman of the General Authority for Communications and Information Technology Khalid Al-Kandari and Director of the Legal Department of the Iraqi Ministry of Communications Imad Al-Shammari signed an agreement on the project of the regional corridor of communications.

Al-Kandari told Kuwait News Agency (KUNA) that the project is to link the international submarines between the eastern and western regions, through the Arabian Gulf and from Kuwait, Iraq and Turkey.

"The project will develop the infrastructure of Kuwait and establish a global headquarters in the field of telecommunications in addition to providing many opportunities for employment and investment for international companies."

For his part, Al-Shammari said that "the agreement is working to establish a regional corridor of communications and modern technology in the Middle East through Iraq because of its privileged location."

Al-Shammari stressed "the interest of the two countries in this project because of its importance in achieving returns and employment opportunities and investment that contribute to the development of the two countries." Ending / 25

[yota691]

World Bank: There will be more money for Iraq to rebuild

Wed, 14 Feb 2018 08:48:18 Number of readings: 373

 

The World Bank will have more money for Iraq to rebuild

[yota691]

Integrity and the Bureau of Financial Supervision establish a committee to monitor the mechanism of exchange of grants and loans of the Kuwait Conference

 

Logo of the Kuwait Conference

money and business Economy News Baghdad: The Integrity Commission announced on Thursday the establishment of a high-level committee with the Office of Financial Supervision to monitor the mechanism for the disbursement of grants and loans at the Kuwait International Conference for the Reconstruction of Iraq. The Authority said in a press statement received by "Economy News" that "the Chairman of the Integrity Commission Hassan al-Yasiri and the Board of Financial Supervision Salah Nuri agreed, during their meeting at the headquarters of the Commission, to form a high-level committee of the parties entrusted with the task of oversight of the legitimacy of decisions and procedures of contracting for projects derived from Grants and loans allocated to Iraq at the Kuwait Conference for the reconstruction of Iraq, which ended on Wednesday. "The two sides identified during the meeting the tasks and duties to be entrusted to the committee, as well as the terms of reference of its members and the guidelines under which it will operate, stressing the need to provide the success of the work of the committee and provide the required support; That the other details of the composition of the Committee will be announced later. " Views 16   Date Added 02/15/2018