EU and World Bank sign agreement with Iraq

[blueskyline]

http://economy-news.net/content.php?id=13668..... 

 
 

  EU and World Bank sign agreement with Iraq

 

money and business

Economy News _ Baghdad The World Bank and the European Union on Sunday signed an agreement with Iraq worth 15.6 million euros aimed at strengthening oversight institutions and increasing public resource management activities in Iraq. In a joint statement issued by the World Bank and the European Union, the Economist News said that they signed today a "technical assistance program agreement of 15.6 million euros aimed at strengthening the institutions of control and accounting of public finance management in Iraq and increasing the effectiveness of public resources management and service delivery." "This initiative, which will be implemented jointly by the World Bank and the European Union, comes to complement the € 41.5 million fiscal management reform program launched by the World Bank in 2017. It also targets the key weaknesses of the PFM system and supports special commitments and objectives To reform this system, which is under implementation. "

Views 485   Date Added 09/16/2018

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[yota691]

EU and World Bank sign agreement with Iraq

 

Sunday 16 September

 

 

Alsumaria News / Baghdad signed by the World Bank and the European Union , Sunday signed an agreement with Iraq worth 15.6 million euros aimed at strengthening oversight institutions and increasing the activities of management of public resources in Iraq.  A joint statement issued by the World Bank and the European Union, which was read by Alsumaria News, said today that they signed a "technical assistance program agreement of 15.6 million euros aimed at strengthening the institutions of supervision and accounting of public finance management in Iraq and increasing the effectiveness of public resources management and service delivery."   "This initiative, which will be implemented jointly by the World Bank and the European Union, comes to complement the € 41.5 million fiscal management reform program launched by the World Bank in 2017. It also targets the key weaknesses of the PFM system and supports special commitments and objectives To reform this system, which is under implementation. "

[Butifldrm]

 

2018/09/16 12:20

• Number of readings 26
•  

Iraq signs a financing agreement with the European Union and the World Bank

BAGHDAD - The Iraqi government signed on Sunday, September 16, 2018, with the European Union and the World Bank, a financing agreement to strengthen Iraq's regulatory, accounting and financial management institutions. 

"Today there will be an important event for cooperation between the Iraqi government, the World Bank and the European Union to modernize financial information systems and manage financial resources," said Yara Al Salem, the World Bank's representative in Iraq. 

"Cooperation will include government accountability and transparency by working with governance institutions to strengthen their capacity to improve government spending and manage financial resources in an orderly manner to generate economic growth and provide better services to citizens," she said. 

"

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[gregp]

With this happening as Iraq votes in place it’s President, and Prime Minister, this gives me great hope.

The European Union wouldn’t have released the CBI from sanctions, nor would they have risked a loan of this magnitude, if the newly elected officials and government was going south.

 

Great News!

Thanks Buti & Yota!!  

[justchecking123]

Not to be negative, just pondering...

 

Might Iraq be a country that's gives the cold shoulder to the dollar, finding a CLEAR alternative?

 

Could be a big shift for a Middle East country going towards the Euro if their union has real leverage...

 

...and other countries in the Middle East follow suit.

 

Independence from the US politically and economically could be Sadr's battle cry.

 

Either way, I personally think this is big news.

 

 

 

 

Edited September 16, 2018 by justchecking123

[ChuckFinley]

The Petro Dollar has been on the decline when Obama told SA that we were not supporting them militarily. That was the bases of the PD as well as the US wealth after WW2. Countries have made an effort to trade in their own currency ever since. 

[Sage449]

Any news relative to Abadi's visit to the U.S.? Any correlation because of these being close in occurrence?

[davis411]

12 minutes ago, Sage449 said:

Any news relative to Abadi's visit to the U.S.? Any correlation because of these being close in occurrence?

No nothing 

i was there

hows the wife and kids

golf

then a lot of beers

then shots on Abadi 

 

I prefer shots off a female 

but eh

canadians are nuts

 

dont forget to vote

davis prez

 

 

[ChuckFinley]

48 minutes ago, davis411 said:

No nothing 

i was there

hows the wife and kids

golf

then a lot of beers

then shots on Abadi 

 

I prefer shots off a female 

but eh

canadians are nuts

 

dont forget to vote

davis prez

 

 

I can not wait to see your lawn parties. They are going to be global.  

[SupraRacer]

1 hour ago, ChuckFinley said:

I can not wait to see your lawn parties. They are going to be global.  

 

And viral all over the web. 

 

SR

[ChuckFinley]

19 minutes ago, SupraRacer said:

 

And viral all over the web. 

 

SR

I am going to be bring it. I having Pit-Bull redo that International Love song. 

[Butifldrm]

Honestly, Iraq IMO. can still do trade with Iran but it will have to be in local currencies and the Euro.  Today Iraq the CBI put into media that they are the 4th largest buyers of US treasuries in all of the Arab countries.  IMO, this is symbolic to give the United States the assurance that Iraq is abiding by US sanction on Iran.  Also, IMO the agreement being signed by the EU and Japan on this date are not by coincidence,  The whole world is waiting to invest in an  Iraq  free of corruption.  The first sign of the government being formed must be enough validation for these investments.  As far as US sanctions, IMO, there may be a huge problem in shared oil wells between Iraq and Iran and there revenues, but nothing is being said about that now.

[ChuckFinley]

This is going to come to a head at some point. Russia, China, Iran, Turkey  etc vs Iraq, US, Israel, SA, etc.  

[davis411]

20 hours ago, ChuckFinley said:

This is going to come to a head at some point. Russia, China, Iran, Turkey  etc vs Iraq, US, Israel, SA, etc.  

Then let’s get the game going

 

i am getting bored

[Butifldrm]

 

 

2018/10/15 18:54

• Number of readings 54
• Section: Iraq
•  

EU extends mission in Iraq to 2020

 

 

The European Union announced on Monday, October 15, 2018, the extension of its mission to Iraq to help officials achieve security to 2020  .

"The decision was taken at the meeting of the European Council on Foreign Relations in Luxembourg, where the meeting decided to extend the work of the mission until 17 April 2020, " it said in a statement .

The statement added that "a budget of 64.8 million euros was allocated to the mission to cover the costs of its new missions."

"The mission is providing assistance on issues that pose a challenge to Iraqi national security, such as terrorism, corruption, political chaos and political polarization," the statement said.

 

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