HCL Will Fund The Iraq Economy.

[Luigi1]

Here's two article of Dinarian interests...

HCL Will Fund The Iraq Economy.

Iraq to trade carbon credits until it become Green.

Treat as rumors.  Not verified.  Your opine.

 

 

 

Tlm724 Administrator Bondlady’s Corner:     Adviser To The PM: The General Company For Carbon Economics Will Provide Significant Financial Funding To Iraq.

ARTICLE:  Advisor to the Prime Minister for Technical Affairs, Muhammad Sahib Al-Daraji, revealed the goal of forming a public company for carbon economics based on the direction of Prime Minister Muhammad Shiaa Al-Sudani, indicating that work in this field will provide significant financial funding for Iraq after implementing environmentally friendly projects.  

 

Al-Daraji said to a Iraqi news agency,   “Iraq is a signatory to the Paris Climate Agreement, which stipulates that carbon emissions must be reduced around the world & in Iraq our carbon production is basically low & the agreement required countries with increased carbon emissions to buy their bonds from countries capable of starting.”  

 

With projects that reduce carbon production, such as Iraq, given that the atmosphere around the world is the same & every country does its best to reduce emissions.”

 

He added,  “Achieving this goal for Iraq requires implementing environmentally friendly projects, including using gas to generate electricity, as well as generating it through solar energy instead of diesel, as well as expanding tree planting & other projects, as they will reduce carbon emissions.

 

In return, this work can be priced in the form of bonds sold to countries.”  

 

“It is unable to reduce carbon emissions due to its existing projects & therefore buys these bonds from Iraq & other countries that contribute to reducing emissions around the world.” 

 

He continued,   “A committee was formed under my leadership and began the 1st project at this level, which was extending a pipeline from a gas station to an electricity station.  

 

The project was implemented by a Canadian company at its own expense after contracting with the Ministry of Oil in exchange for buying carbon bonds from Iraq.” 

 

He stressed  “On this basis, a proposal was presented to establish the General Company for Carbon Economics, affiliated with the Ministry of the Environment & carrying out the task of trading in carbon bonds.  

 

The Prime Minister approved it, and this company was formed.  The work requires the implementation of more environmentally friendly projects, and Iraq’s success in achieving the goals that we have indicated will save sums of money.” Very large”.   

 

 Including Digital Transformation And Fighting Corruption.. The Prime Minister Sets The Most Prominent Goals Of The Five-Year Plan.

 

 

ARTICLE:  PM Muhammad Shiaa Al-Sudani set the most prominent goals of the five-year development plan, while   indicating work to complete the establishment of a council that supports the private sector.  

The Prime Minister’s Media Office stated, in a statement received by a Iraqi news agency, that PM Muhammad Shiaa Al-Sudani sponsored the first conference of the five-year national development plan, which was held by the Ministry of Planning in cooperation with the United Nations Development Programme, and its work will continue for the period from 26-28.”

 

This November: In his speech during the conference, the Prime Minister stressed that “the scale of the challenges requires integrated plans aimed at achieving comprehensive renaissance in the medium & long term,” noting that “Iraq has witnessed a developmental interruption since the 1980s, due to wars, sieges & counter-terrorism operations.”  He pointed out that  “the government worked to put development back on track & launch its development plans, in addition to raising the pace of implementation of existing projects, which number more than 7,000 projects & implementing new projects that represent a higher development & service value.”  

 

He pointed out that “the government has paid attention to strategic projects that are consistent with the Sustainable Development Vision 2030, including infrastructure projects, clean energy, the development road, Al-Faw port & others.”

 

 

He stressed  “the necessity of providing the best conditions to achieve the goals of the five-year plan by the parties concerned with its implementation, including the governorates,” noting that   “the government, at the beginning of its work, supported the governorates, through the Supreme Commission for Coordination between the Governorates, which succeeded in changing many paths & its results appeared.” Within one year of the government’s life.  

 

He stated that “the new governorate councils will represent a qualitative addition to the work, so care was taken to create the conditions for the success of the elections, so that each governorate would have representatives, whose work would be integrated with the governor.”

 

He continued, “It is time for the new development plan to have economic dimensions based on the philosophy of economic diversification,” noting that   “the government has laid the foundations for economic diversification, including the establishment of the Iraqi Fund for Development, which aims to create an integrated investment environment in the country.” 

 

He stated that   “initiatives have been launched that aim to change the pattern of the rentier economy, such as the (Riyada) initiative, which helps young people invest their ideas in productive sectors,” noting that   “the tripartite budget included a special clause to support the private sector by granting it sovereign guarantees, which will contribute to encouraging the business and investment environment.” In the country”.

 

He continued, “It is time for the new development plan to have economic dimensions based on the philosophy of economic diversification,” noting that  “the government has laid the foundations for economic diversification, including the establishment of the Iraqi Fund for Development, which aims to create an integrated investment environment in the country.” 

 

He stressed “working hard to support the private sector & completing the formation of its development council, as it represents the primary partner of the government sector,” pointing out that   “success in achieving economic diversification, providing a fertile investment environment & strongly introducing the private sector into the development scene, the reality of the situation will change.” 

 

He stressed, “continuing to build a network of economic relations between Iraq & the countries of the world, built on the foundations of mutual interests,” noting that  “the government worked to reform the banking & financial sector, by automating all economic & service activities and activities.”  

 

[BETTYBOOP]

Giving them even more income and further diversifying their economy. 

Go Iraq

Go RV

Edited November 28, 2023 by BETTYBOOP

[Luigi1]

2 hours ago, BETTYBOOP said:

Giving them even more income and further diversifying their economy. 

Go Iraq

Go RV

 

We talked about this before...

HCL is the key to jumpstarting the Iraq economy & re-distribution of wealth.

When we see HCL activated...we will see the RI at pre-Sadam rates soon after.

[tigergorzow]

1 hour ago, Luigi1 said:

 

We talked about this before...

HCL is the key to jumpstarting the Iraq economy & re-distribution of wealth.

When we see HCL activated...we will see the RI at pre-Sadam rates soon after.

Always keeping the faith...👍🤙🙏