Iraq Wants $88 Billion For Rebuilding. Allies Offer A Fraction Of That !

[DinarThug]

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Al-Moussawi: What happened to Iraq during the Kuwait conference is not "aid"

 

27th February, 2018

Iraq's foreign minister, Samira al-Moussawi, confirmed Tuesday that the money received by Iraq during the Kuwait conference is not "aid," pointing out that the "global appreciation" led to the granting of Arab and foreign countries to Iraq to restore infrastructure.

"Iraq has defended the world and saved it from the Dahesh organization, which was a terror for all the Arab and international circles," Moussawi said, adding that "the money Iraq received through the Kuwait conference comes in the context of financial grants, in appreciation and appreciation." To the Iraqis' efforts and sacrifices in defeating terrorism. "

"The money does not represent aid, Iraq is a rich country and it can rise even if its economy falters for a while," he said. "The fruits of what Iraq earned from the Kuwait conference will be clear in the coming months."

Prime Minister Haider al-Abadi said last month that the Kuwait conference was a step in the right direction to clarify Iraq's position globally. 

[pokerplayer]

Thousands of Iraqis too scared to go home because of ISIS stigma 13/56

 

***** Riot members who 'disappeared' in Crimea have been found

© Dabiq/ZUMA Press/Newscom Islamic State of Iraq and the Levant propaganda photo showing the Black Muhammad Standard banner symbol of ISIS.

LONDON, Feb 27 (Thomson Reuters Foundation) - Hundreds of Iraqi families forced to flee last year's fighting in Mosul are being prevented from returning home by their communities because they had a relative who joined Islamic State, an aid worker said on Tuesday.

 

Communities are also barring some families from accessing aid for the same reason, said Omar Ali, Iraq country director of British charity Human Appeal.

Others have had "ISIS family" daubed on their old homes, jeopardizing their safety, he told the Thomson Reuters Foundation on the sidelines of the Bond international development conference in London.

"There's a real social cohesion challenge for the future," said the British aid worker who set up Human Appeal's operations in Iraq 14 months ago as fighting raged in Mosul.

Hundreds of thousands of people are still living in camps around Mosul after fleeing Iraq's second largest city at the bloody end of the militants' rule.

Islamic State, also known as ISIS, seized nearly a third of the country in 2014. Iraq declared victory in December.

Ali said thousands of people had been ostracized by their communities even though they never supported the militants.

"You have a family of 50, with just one man who joined ISIS, but the whole family, despite reporting that individual, is now stigmatized - and they are scared to return," he said.

Ali warned that there was also potential for land and property disputes as families return home because so few people have papers to prove ownership.

He said ISIS had confiscated people's identity papers, creating a "massive problem".

"There are huge issues with civilian ID - many people have no birth certificates, marriage certificates or property ownership certificates," Ali said.

"This means people can't access assistance from the government and they can't go back to their houses because they can't prove ownership."

Ali said the war had left many women as head of their household, but many were illiterate and did not know how to obtain identity documents to access government help or food aid.

Human Appeal and the United Nations refugee agency have opened centers staffed by lawyers to address such problems.

The war has also left many households headed by children.

"You get eight or nine children being looked after by a 14- or 15-year-old boy or girl who is at the complete mercy of whoever has taken control of their guardianship," Ali said.

He said the challenges in Iraq were enormous but aid agencies were "working their socks off" and the government was supportive.

"Western Mosul is complete and utter devastation, everything is destroyed, everything is rubble," he added.

"Hospitals are decimated and lack medicines, and many children have been out of school for three years."

Although the government has promised people compensation to rebuild homes, Ali said it was "not coming any time soon".

Despite the militants' defeat, he said violence continued in the northern city due to ISIS sleeper cells.

Iraq's allies promised Baghdad $30 billion this month to recover from the war. Baghdad has said it needs $88 billion.

[DinarThug]

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Government source : International bodies will oversee the arrival of funds of the Kuwait Conference

 

 

28th February, 2018

A source in the government said that international bodies will oversee the arrival of funds of the countries participating in the donors and investors conference held in Kuwait, expected to arrive at the end of next March .

The source said in an interview with "Economy News" that the Kuwait conference which took place during the month of February, which was attended by countries and major companies, indicating that those countries committed to Iraq to provide funds as grants or loans, pointing out that the grants may reach the end of next March While the loans will be subject to discussion and study by the Iraqi side, represented by the Committee formed by the Prime Minister and the possibility of acceptance in the event that Iraq can pay .

The source pointed out that there are international bodies will supervise the arrival of funds to Iraq and their right location, as well as that those entities will also indirectly supervise the projects that will be implemented, especially in the liberated areas of the Dahesh, where the destruction of large .

Some 30 billion dollars in grants and loans to Iraq were presented at the Kuwait conference on February 13, 2018 .

[DinarThug]

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World Bank invests in Iraq
 

 

5th March, 2018
The economic community has expressed interest in the modernization of public financial management systems by providing advisory services to the Independent External Auditor for the years 2017 and 2018, for public financial management, public investment management and public procurement at the state level.

The financial expert Essam Mahaouli said in an interview that the project, which is financed by an important part of the World Bank, "is an achievement to support the management of money and direct investments according to the actual need to the requirements of the current phase and to the infrastructure."

He pointed out that the project "also provides an opportunity to prepare the Iraqi staff, to engage heavily in counseling programs and in a way that enhances the ability to absorb the growing unemployment in various economic sectors."

Mahawili pointed out that "the time is now available to implement the project and the need for the contribution of the private sector in its support and implementation of programs, especially for banks and other companies involved in the project."

He stressed that "the employment opportunities that will be available to many sectors in the activation of the resolutions of the Kuwait Conference of donors, needs to be qualified enough to complete their work, which will work on the project to implement."

Al-Mahawili said that the accounts of the countries concerned with the reconstruction projects in Iraq "will be accurate to ensure their share in the operation and start the reconstruction movement in the areas destroyed by terrorism. They will also offer their bids for their construction and industrial companies to start work and start new projects, Payment of amounts ".

He proposed forming a higher banking committee from private banks to contribute financially to providing liquidity to the government, adopting the syndicated loan method, forming a committee of private banks and with the approval of the Ministry of Finance to contribute each bank with a fixed percentage of money to finance projects benefiting from this bank financing. To take its role seriously in development. "

He stressed the need for "the participation of this committee in the financial discussions that will be entered by the government with foreign banks, to stabilize the mechanisms of financing and exchange of foreign banks' expertise, can be used and used in this area." The banks in the Committee on the «profits according to the agreement With the government."

The Iraqi Ministry of Finance published a statement on its website stating that it had received funding from the World Bank to cover the cost of the project to modernize the public financial management systems in Iraq and to allocate part of the funds to consultancy services, which include the recruitment of an independent external audit firm for financial management and investment. Consultants will start working in July. "

"The main objective of the auditor's work is to enable him to clarify the professional opinion as to whether the presentation of the financial statements of the project for the years ended last December and the same month of this year in a transparent and fair manner in all respects and all cash received and payments for the end of the year accumulated , From start-up to end of the year, in accordance with IPSAS on the basis of cash accounting. "

The World Bank has confirmed that Iraq exceeded the achievement of financial coverage compared to the Arab countries by 11%.

The Bank said in a statement that Iraq "recently worked with the system of financial inclusion in order to continue financial and banking progress, which works the world today and reached to very advanced levels."

According to the bank, Iraq "accounts for 11% of the financial system, 15.3% in the West Bank and 24.2% in the West Bank and Gaza, 24.6% in Jordan and 27.3% in Tunisia."

Economists and economists discussed a working paper prepared by the World Bank to ensure a sound investment climate in Iraq.

At the time the recommendations of the workshop suggested a plan of action to simplify visa procedures and establish a clear investor visa category, with the amendment of the law on the residence of foreigners with the importance of including provisions that accommodate the real nature of industrial projects.

[DinarThug]

Sunday, March 4, 2018 7:23 pm

 

Abadi heads the meeting of the Ministerial Council for National Security .. This is what happened

 

[size=5=The Prime Minister of the Armed Forces, Haidar al-Abadi, on Sunday chaired a meeting of the Ministerial Council for National Security.

"The Prime Minister, Commander-in-Chief of the Armed Forces Haider al-Abbadi, presided over a meeting of the Ministerial Council for National Security on Sunday," a statement from the Abadi office said. "The meeting was briefed on the preparations of the security committee responsible for securing the operation The upcoming parliamentary elections and discuss those preparations, and approved a number of requirements of the Commission to secure parliamentary elections security.

The statement added that "during the meeting also took measures to facilitate the granting of the visa to investors and businessmen wishing to invest in Iraq after the security stability in the country and the large turnout by investors in Iraq."

He pointed out that "the Council continued the intelligence effort and ways to strengthen the security plans to hunt down terrorist elements and cells, as was follow up the implementation of previous decisions and discuss a number of other topics on the agenda." Finished[/size]

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[DinarThug]

On 3/5/2018 at 10:11 AM, DinarThug said:

World Bank invests in Iraq
 

 

5th March, 2018
The economic community has expressed interest in the modernization of public financial management systems by providing advisory services to the Independent External Auditor for the years 2017 and 2018, for public financial management, public investment management and public procurement at the state level.

The financial expert Essam Mahaouli said in an interview that the project, which is financed by an important part of the World Bank, "is an achievement to support system" rel="">support the management of money and direct investments according to the actual need to the requirements of the current phase and to the infrastructure."

He pointed out that the project "also provides an opportunity to prepare the Iraqi staff, to engage heavily in counseling programs and in a way that enhances the ability to absorb the growing unemployment in various economic sectors."

Mahawili pointed out that "the time is now available to implement the project and the need for the contribution of the private sector in its support system" rel="">support and implementation of programs, especially for banks and other companies involved in the project."

He stressed that "the employment opportunities that will be available to many sectors in the activation of the resolutions of the Kuwait Conference of donors, needs to be qualified enough to complete their work, which will work on the project to implement."

Al-Mahawili said that the accounts of the countries concerned with the reconstruction projects in Iraq "will be accurate to ensure their share in the operation and start the reconstruction movement in the areas destroyed by terrorism. They will also offer their bids for their construction and industrial companies to start work and start new projects, Payment of amounts ".

He proposed forming a higher banking committee from private banks to contribute financially to providing liquidity to the government, adopting the syndicated loan method, forming a committee of private banks and with the approval of the Ministry of Finance to contribute each bank with a fixed percentage of money to finance projects benefiting from this bank financing. To take its role seriously in development. "

He stressed the need for "the participation of this committee in the financial discussions that will be entered by the government with foreign banks, to stabilize the mechanisms of financing and exchange of foreign banks' expertise, can be used and used in this area." The banks in the Committee on the «profits according to the agreement With the government."

The Iraqi Ministry of Finance published a statement on its website stating that it had received funding from the World Bank to cover the cost of the project to modernize the public financial management systems in Iraq and to allocate part of the funds to consultancy services, which include the recruitment of an independent external audit firm for financial management and investment. Consultants will start working in July. "

"The main objective of the auditor's work is to enable him to clarify the professional opinion as to whether the presentation of the financial statements of the project for the years ended last December and the same month of this year in a transparent and fair manner in all respects and all cash received and payments for the end of the year accumulated , From start-up to end of the year, in accordance with IPSAS on the basis of cash accounting. "

The World Bank has confirmed that Iraq exceeded the achievement of financial coverage compared to the Arab countries by 11%.

The Bank said in a statement that Iraq "recently worked with the system of financial inclusion in order to continue financial and banking progress, which works the world today and reached to very advanced levels."

According to the bank, Iraq "accounts for 11% of the financial system, 15.3% in the West Bank and 24.2% in the West Bank and Gaza, 24.6% in Jordan and 27.3% in Tunisia."

Economists and economists discussed a working paper prepared by the World Bank to ensure a sound investment climate in Iraq.

At the time the recommendations of the workshop suggested a plan of action to simplify visa procedures and establish a clear investor visa category, with the amendment of the law on the residence of foreigners with the importance of including provisions that accommodate the real nature of industrial projects.

 

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World Bank: Iraq's gross domestic product will rise
to $ 300 billion by 2030
 

 

6th March, 2018

The World Bank announced that the gross domestic product of the Iraqi economy will rise to 300 billion dollars by 2030 in the event of investment funds needed for the reconstruction of Iraq of 88 billion dollars.

"If we invest $ 88 billion, we will be able to rebuild the Middle East and North Africa," said the World Bank's Middle East and North Africa reconstruction adviser Abdullah Dardari. Dollars required for Iraq's reconstruction, GDP will rise to $ 300 billion by 2030. "

"Iraq can raise gross domestic product to $ 700 billion if the economy is diversified and built with good governance," he said.  

[DinarThug]

Kuwaiti Deputy Foreign Minister: We have won the humanitarian and moral role of the conference on the reconstruction of Iraq

KUWAIT, March 7 (KUNA) - Kuwait's Deputy Foreign Minister Khalid Al-Jarallah said Wednesday that the Iraq reconstruction conference, which was initiated by His Highness the Amir of Kuwait, told the world that Kuwait has mourned its wounds and won its humanitarian, Arab, Islamic and moral role. "Kuwait has given a clear message to the world through this conference that this is the direction of Kuwait and that is its leadership," Al-Jarallah said in an interview with state television. "This was appreciated, admired and praised by the world." He said that under the guidance of His Highness the Amir, the Ministry of Foreign Affairs in coordination with the Kuwait Fund for Arab Economic Development and the World Bank and the brothers in Iraq to hold the conference in Kuwait, adding that there have been continuous efforts to make the conference a success that differs from other conferences for donors. .

He added that the cooperation of the World Bank has added credibility and credibility to the conference, praising the role of Kuwait Chamber of Commerce and Industry in facilitating communication with the private sector, which contributed greatly to the success of the conference. 

He said that during the coordination and preparation of the conference was recorded on the website of the electronic conference about 1000 companies and businessmen to take advantage of the opportunities and guarantees in Iraq, indicating that accordingly the site was closed but the pressure and repeated requests called for the reopening of the site to the number of 2400 international companies and businessman would like to participate in Conference.

The Kuwait International Conference on the Reconstruction of Iraq, which concluded in Kuwait last February, has made contributions of $ 30 billion provided by countries and participating parties.

The patron of the conference, HH the Amir of Kuwait, announced the commitment of the State of Kuwait to allocate one billion dollars in the form of loans under the mechanisms of the Kuwait Fund for Arab Economic Development and a billion dollars to invest in investment opportunities in Iraq as well as the contribution of Kuwaiti charities. (End) GTA / GSD

https://www.kuna.net.kw/ArticleDetails.aspx?id=2699907&language=ar

[nannab]

Lord these people just love to toot their own horns over and over and over about how the world see's them.

 They are full of them selves too. 

[DinarThug]

Read the justification of a Kuwaiti writer about the Gulf's reluctance to invest in Iraq

 

3/6/2018 1:14:43 AM

 

I left Kuwait last month, just before the (Iraq Reconstruction Conference) one day, and at the airport I read a banner calling for an investment conference in Iraq. It seemed to me, as for others, that reconstruction And investment met in one conference. (33 billion dollars), and at the level of direct investment as well, according to observers and interested, including Iraqis.

In the conference grants of grants, but when the investment was hesitant, so good reasons, talking in them goes on, and involves a bit of pain. 

Investment does not go unless political stability and security, to ensure the protection, and the movement of the chain from the inside out, 

and on the contrary, this strengthened a package of procedures and laws, and this is what Iraq could not be convincing, the participants could not feel that the investment On the ground will be safe, and despite his attempt remained the shadow of doubt has not disappeared, that the picture drawn by the international reports - especially transparency reports - do not reflect the reality on the ground, and that they should not believe that it is the first country in the list of corruption in the world, Monte Carlo) on March 4, which he said (E. Iraq's budget for this year to suffer from a deficit of $ 18 billion, and that bug Iraq lies in the administrative and financial corruption).

During the hour-long flight from Kuwait to Sharjah, I was thinking about Iraq and wondering: How can it become a beneficiary country? Is this number of grants sufficient to change the status of something? So that at least, after a while, it becomes a useful country for itself and its people first, then for its Arab and global surroundings. If we assume that large investment funds entered the Iraqi banks tomorrow, what will be the fate of these banks and local, most of its transactions linked to local and international parties only? In practice, will Iraq be the only beneficiary?

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