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Third contribution from S. Korea for stabilization in Iraq



Posts : 888
Thanked : 342
Join date : 2013-02-20

Third contribution from S. Korea for stabilization in Iraq

Post by jedi17 on Tue 27 Sep 2016, 5:45 pm


Third contribution from S. Korea for stabilization in Iraq

9:16 PM  ADMIN  

 Baghdad/ Iraq TradeLink: The Government of the Republic of Korea has contributed US$3 million
to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives
in areas liberated from the Islamic State of Iraq and the Levant (ISIL).

Based on priorities identified by the Government of Iraq and local authorities, FFIS helps to quickly repair public infrastructure, provides grants to small businesses, boosts the capacity of local government, promotes civil engagement and community reconciliation, and provides short-term employment through public works schemes.

UNDP Resident Representative and UN Resident and Humanitarian Coordinator for Iraq, Ms. Lise Grande, said: “The pace of stabilization is accelerating very quickly. Hundreds of thousands of displaced Iraqis are ready to return to their homes to start rebuilding their lives. This very timely and generous contribution from the Republic of Korea, the third it has given to UNDP’s Stabilization Facility, will help us to stabilize the areas that have been liberated in Anbar and Nineveh.”
The Korean Ambassador to Iraq, Mr. Song Woong-Yeob, said: “The Republic of Korea is deeply committed to supporting efforts of the Iraqi Government and the international community to stabilize areas affected by the violence of ISIL. I firmly believe that our third contribution with some elements of a gender-based approach will further help the efforts by imbuing affected Iraqis with hope and empowering those, including girls and women, to recover and start the process of rebuilding their communities.”

Established in June 2015, FFIS is working in newly liberated areas in Anbar, Salahal-Din, Nineveh and Diala Governorates. In Fallujah, the Facility is providing short-term employment opportunities for hundreds of people to clean and upgrade the city, and is funding more than 25 high-priority projects.

well....this is not Mosul, but you can see how they plan on rebuilding after ISIS is gone, and maybe there will not be as much as a vacuum for power as I am concerned about if they give these ppl a mission with a purpose of rebuilding their lives


Posts : 888
Thanked : 342
Join date : 2013-02-20

Re: Third contribution from S. Korea for stabilization in Iraq

Post by jedi17 on Tue 27 Sep 2016, 5:47 pm

14 billion dollars needed for Iraqi liberated areas, official

4:05 AM  ADMIN  

Baghdad/ Iraq TradeLink: Chairman of the Iraqi Fund for the Reconstruction of the Damaged Liberated Areas Abdul Basit Turki discloses that Iraq need 13-14 billion dollars to reconstruct the war devastated infrastructures and services, except the future damages of Mosul's operations.

He added that some donor countries are trying to finance some reconstruction projects, including 250 million dollars in the Iraqi budget and 350 million dollars from the International Monetary Fund.

Turki stated that there are negotiations to get 500 million Euros-loan with the German Development Bank, which may be gotten at the end of this year or the beginning of the next.

The infrastructures of the Iraqi ministries in Da'ish occupied territories were severely damaged particularly electricity facilities and projects, which were estimated to cost billions of dollars.

Last July, Iraq got two billion dollars from the donors' conference held in the American capital, Washington, to reconstruct the devastated areas, but the Iraqi government announced its needs 

    Current date/time is Thu 27 Oct 2016, 9:50 am