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Planning discusses mechanisms for compensating Iraqi contractors
Economical 02/19/2024
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Baghdad: Al-Sabah:
Yesterday, Sunday, the Ministry of Planning discussed the mechanisms for compensation for Iraqi contractors due to
government agencies.
The ministry said in a press statement: “Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, chaired a joint meeting between the Ministry of Planning and the Financial Supervision Bureau, in the presence of the Bureau’s Chairman, Ammar Sobhi, devoted to discussing mechanisms for compensation for Iraqi contractors incurred by government agencies, as a result of the implementation of projects.” government, which was suspended pursuant to Resolution 347 of 2015.”
The statement added, "The meeting, which was attended by the Undersecretaries of the Ministry of Planning, a number of general directors in the Ministry, and the Financial Supervision Bureau, witnessed an extensive discussion of the compensation amounts and the mechanisms for disbursing them, in accordance with the laws and instructions in force, and joint work to ensure the rights of all parties, whether the beneficiaries or companies." Project implementer.
He pointed out that "the two parties agreed to prepare a joint report, which includes developing solutions and treatments for all problems that hinder the release of compensation, in accordance with the law and the provisions of the contract, and within the limits of the total cost of the project
or work."
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