It issued several decisions related to electricity, administrative and financial reform... The Counc

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[size=52]It issued several decisions related to electricity, administrative and financial reform... The Council of Ministers requires the Ministry of Finance to pay the Iraqi Trade Bank’s dues owed to the Kurdistan region.[/size]

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03/21/2024
Hussein Al-Saadi:
The Council of Ministers voted to oblige the Federal Ministry of Finance to pay the dues of the Trade Bank of Iraq/TBI, owed to the Kurdistan Region, while it issued decisions related to electricity and financial reform.
The Prime Minister’s Media Office stated in a statement: Prime Minister Muhammad Shiaa Al-Sudani chaired the twelfth regular session of the Council of Ministers, during which the general situation in the country was discussed, the most important service and economic files were reviewed, the topics on the agenda were discussed, and the necessary decisions were taken. about it.
He added: In the field of energy, the Council voted on the following:
1. Approval to authorize the Minister of Finance, or whomever she authorizes, to sign with the relevant authorities an amendment to the loan agreement to finance the 400 KV Babel station rehabilitation project, funded by the Swedish loan. With JPM Bank.
2. Approval of the financing terms for the loan according to the letter of the Ministry of Finance dated February 25, 2024.
Based on the government’s priorities that focused on administrative reform, the Council voted on the following:
1- Approval of the controls for regulating the beneficiary entities’ dealings with letters of guarantee issued in their favor, taking into account Attention to the observations of the Ministerial Council for the Economy confirmed by its letter dated January 14, 2024, with the amendment of Article (17) of the aforementioned controls, as stated in the memorandum of the Legal Department of the General Secretariat of the Council of Ministers, dated March 14, 2023.
2- Approval to accept the instrument A certified copy or a letter of guarantee, taking into account the validity period of the certified instrument, and the beneficiary party must renew it before it becomes effective until the need no longer exists, in accordance with the rules.
As part of the financial and banking reform process, the Council issued a decision obliging the Federal Ministry of Finance to pay the dues of the Trade Bank of Iraq/TBI, due from the Kurdistan region of Iraq, in annual monthly installments for the years (2023, 2024) at a rate of (636) billion dinars for each year, deducted from the region’s allocations for the year. 2024, to be deducted later.
The session witnessed the approval of recommendations regarding settlement procedures for foreign claims, in accordance with Cabinet Resolutions 28 of 2014 and 48 of 2018 as follows:
1. Making an amendment to paragraphs (1 and 2) of Cabinet Resolution 28 of 2014 according to the following:
A. Amend paragraph (1) to become: Authorizing ministries and entities not affiliated with a ministry with the authority to negotiate with creditor companies that have a final court ruling, and which have seized the funds of Iraqi government institutions abroad, or have not seized in their consensual settlement, at a rate less than the principal of the debt without interest, While giving it preference in contracting with state departments in one of the government projects or contracts in exchange for the creditor party dropping the entire amount of the debt and its interests, and invalidating the lawsuit filed.
B. Amending paragraph (2) to read: Negotiating and negotiating committees shall be conducted by the relevant authorities under the supervision of the Ministry of Justice. It is exclusively concerned with following up on foreign lawsuits, and each case is presented individually to the Council of Ministers for approval.
C. Continued implementation of Cabinet Resolution No. 48 of 2018.
2. Taking into consideration the opinion of the Legal Department in the General Secretariat of the Council of Ministers.
The session included approval of the following:
First: Cancellation of the recommendations of the sixth meeting of the Chinese Framework Agreement issued by Cabinet Resolution (24006 of 2024).
Second: Cancellation of the Council of Ministers’ decision (24059 of 2024) regarding the completion of the new Nasiriyah warehouse and model school buildings, funded by the Chinese agreement.
Third: Approving the projects approved by Cabinet Resolution (24130 of 2023), with an annual allocation of (7059) billion dinars, instead of (7137) billion dinars, signed by the committee.
The statement continued: Also, a vote was taken during the session on the following:
1. Deleting the project (constructing an international stadium in the center of Nineveh Governorate at a cost of (22,813,000,000 dinars), based on the technical reports issued by the consulting office, affiliated with the College of Engineering at Al-Mustansiriya University, It includes the recommendation to completely remove the structure along with the foundations, as well as the recommendation of the Advisory Board/Governor’s Advisor for Technical Affairs, to adopt the opinion of the Advisory Office of Al-Mustansiriya University, to completely demolish and remove the foundations, taking into account the amounts spent on the aforementioned project and the amounts of work completion, and transferring the trust amounts to the project account. After deleting it, according to the controls and instructions issued by the Ministry of Planning.
2. Considering the request to include the project to establish the Nineveh Central Stadium with a closed sports hall on the right side of Mosul in a turnkey manner, within the governorate’s projects for the year 2023 (amended Schedule E) indicated in the general budget law. Federal (13 of 2023), with a total amount of (36,200,000,000 dinars) after completing all listing requirements related to it.
3. Nineveh Governorate bears full responsibility for the truth and accuracy of the information submitted to the Ministry of Planning.
Regarding the contract concluded with the Turkish company Tarmash for the school buildings project, the Council, according to the statement, issued a decision approving the acceptance of the letter of guarantee previously submitted to the Ministry of Industry and Minerals, for the same contract outside the electronic platform for the letter of guarantee, until the company has financial liquidity that enables it to return the letter. Guarantee, within the electronic platform,.
The Council also issued a decision approving the Ministry of Finance’s contract with the Scientific Consulting Office at the Ministry of Higher Education and Scientific Research/University of Baghdad/College of Science. To complete the system for modernizing public financial management systems (IFMIS), as an exception to the instructions for implementing government contracts (2 of 2014).
The sale of residential plots of land starting from the property number (45373 to 49551 AD/21 Haidariyah) was approved for sale, amounting to (4176) plots, separated from the area of ​​the two plots of land numbered (42062/1 and 42063/1) District (21) Haidariyah, to Employees of the General Secretariat of the Holy Imam Hussain Shrine, as an exception to the public bidding procedures, and based on the provisions of the Law on the Sale and Rent of State Funds No. (21) of 2013, amended, and replacing it with a lottery system, according to the controls for those who are not beneficiaries of Council of Ministers Resolution (20 of 2019), with Taking into account Articles (4 and 15/First/A) of the aforementioned law on the sale and lease of state funds.
Within the framework of organizing union work, the recommendation of the Ministerial Council for Human Development (24004 B) for the year 2024 was approved. Which includes obligating the Engineers Syndicate to address the issue of registering engineering colleges and departments and accrediting them with the Engineers Syndicate.
The Council also agreed to authorize the Director General of the General Tax Authority to negotiate and initial a draft agreement to avoid double taxation and prevent evasion of taxes imposed on income and capital between the Government of the Republic of Iraq and the Government of the Republic of Latvia, based on the provisions of the Constitution, and to authorize the Minister of Finance The authority to negotiate and final sign the above project.
The draft law on the Republic of Iraq’s ratification of the air services agreement between the Government of the Republic of Iraq and the Government of the Republic of Azerbaijan was also approved and referred to the House of Representatives, based on the provisions of the Constitution.[/size]
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