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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion

    Rocky
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    • Post n°1

    World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion Empty World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion

    Post by Rocky Thu 15 Feb 2018, 3:32 am

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    World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion[/size]
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    The World Bank Group and the Government of Iraq signed two projects today totaling $ 510 million to help the Iraqi people by improving living conditions, enhancing water supply and creating jobs. 
    The two projects, together with the $ 750 million emergency development program and other planned commitments, will increase the World Bank's Iraq commitment to $ 4.7 billion from $ 600 million four years ago. According to a statement of the bank responded to Twilight News. 
    Iraqi Prime Minister Haidar al-Abadi and World Bank Group Chairman Jim Young-Kim attended the signing ceremony of the two projects on the sidelines of the Iraq Reconstruction Conference hosted by Kuwait. 
    Increased bank commitments will help support immediate resumption of education and health services, reconstruction of major roads and bridges, and rehabilitation of electricity and water networks.
    Emergency reconstruction projects currently under way have created thousands of jobs for Iraqis, and the new projects are expected to create millions more jobs. 
    "We will mobilize the entire experience of the World Bank Group to invest in the new Iraq, which will become the largest force ... We will continue to work with our international partners to ensure a smooth, sustainable transition from stability through recovery to reconstruction," Kim said in his opening speech to the conference. 
    The World Bank is committed to increasing its assistance to the reconstruction and development of Iraq provided that the necessary resources are available. In addition to financial support, the World Bank Group is actively working with the Government of Iraq by providing technical assistance to revitalize Iraq and lay the foundations for private sector investment in Iraq. According to the statement.
    "We will work hand in hand with the private sector to support Iraq," said Kim, "We all have to invest in the smart young people and the ambition in Iraq, and we have to invest in the steadfast Iraqis. 
    During the preparations for the Conference, the Iraqi Government unveiled the National Framework for Reconstruction and Development, which aims to address the impact of the current crisis and prevent future crises by addressing the structural causes of the conflict. By promoting the vital reforms needed to establish a new social contract, this framework provides a plan of action to rebuild trust between citizen and government.
    (Reuters) - Representatives of Turkey, Gulf Arab states, Europe and other countries have announced multi-billion-dollar lines of credit, loans and investments to Iraq at an international conference in Kuwait on Wednesday. 
    Turkey said it would give Iraq credit lines of $ 5 billion. 
    The Saudi foreign minister said his country is providing a $ 1 billion loan through the Saudi Development Fund and a $ 500 million line of credit. 
    Qatar has pledged $ 1 billion in loans and investments while the UAE has pledged $ 500 million for reconstruction and Germany has said it will provide $ 350 million in aid. 
    Britain has pledged up to $ 1 billion a year in export credit over 10 years and Japan said it would contribute $ 100 million this year to Iraq through UN agencies and international organizations.
    UAE Minister of State for Foreign Affairs Anwar Gargash told Reuters later that there were also $ 5.5 billion from the UAE in the form of private investment in Iraq "in addition" to his country's pledge but it was unclear whether it was a new declaration 
    . Baghdad says it needs financial support An estimated $ 100 billion to rebuild what has been destroyed by the war on the organization of the Islamic state. 
    Although more than 70 countries and about 1,850 international companies have participated in the donor conference in Kuwait, the amount of money pledged does not appear to be ambitious. 
    The Iraqi government announced that its plan will be on three axes: the first is to contribute to the rehabilitation of infrastructure throughout Iraq, restore stability to the affected areas, and develop the service sector. 
    The participants in the Kuwait conference are expected to announce the value of their financial contributions on the last day of the conference on Wednesday.






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    • Post n°2

    World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion Empty World Bank reveals the nature of loans granted to Iraq

    Post by Rocky Thu 15 Feb 2018, 6:08 am

    World Bank reveals the nature of loans granted to Iraq
    [You must be registered and logged in to see this link.]  Thursday, February 15, 2018 at 13:55 pm (110 views)
    [You must be registered and logged in to see this image.]World Bank reveals the nature of loans granted to Iraq


    Baghdad / Sky Press:

    The World Bank revealed the nature of the loans it gives to Iraq and its financial ceilings, pointing out that it does not impose conditions on the Iraqi government, but is keen to achieve reforms that attract investment, while stressing his commitment to work with Iraq, whatever the need to build the state, provided that sail in the right track.

    "We are determining what measures should be taken in the country to embark on long-term development," Zawahra newspaper quoted the director of Mashreq at the World Bank, Sarun Jacumar, as saying. "There is a program with the Iraqi government to help it with fiscal, To fit the most vulnerable segments of the different regions of Iraq, and we have support for the government worth one billion dollars each year by the World Bank. "

    "The World Bank is committed to working with Iraq, whatever its need to build the state," he said. "The bank does not impose conditions on Iraq in return for a loan grant and works to secure the necessary financial instruments with the Iraqi government to carry out reforms that attract investment."

    "In Iraq, we have a program that highlights financial and social reforms to address the most fragile areas in Iraq," he said.

    "We are not working at the local level, and the World Bank is committed to working with Iraq no matter how much it needs to build the state," he said. "All resources will ensure that Iraq is on track."

    He called on all investment companies to "continue to implement projects in Iraq in cooperation with the World Bank," pointing out that "human investment is the most important for the development and economic recovery and the restoration of Iraq's infrastructure."




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    • Post n°3

    World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion Empty World Bank: Iraq is unable to afford donor debt

    Post by Rocky Thu 15 Feb 2018, 6:17 am

    [size=30]World Bank: Iraq is unable to afford donor debt[/size]
    15/02/2018 12:31 | Number of readings: 81
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    [rtl]Trend Press / Baghdad[/rtl]
     
    [rtl]A source familiar with the Council of Ministers said on Thursday that Prime Minister Haider Abadi may "reject " the loans granted to Iraq at the Kuwait conference, noting that "the World Bank has confirmed the inability of the country to bear more debt . "  [/rtl]
     
    [rtl]The source said that "Abbadi will discuss at the meeting of the Council of Ministers today, the loans granted to Iraq at the Kuwait International Conference for the reconstruction of Iraq, amounting to about $ 27 billion, and the possibility of rejection," noting that "Iraq is not obliged to accept these loans, Foreign, and the loans will be discussed in today's session . "[/rtl]
     
    [rtl]The source said that "the World Bank had recommended the Iraqi government not to borrow more loans, including the facilitator, but the participating countries gave Iraq sovereign loans, threatening the wealth of the country in the event of not regulate the process of investment ."[/rtl]
     
    [rtl]"Iraq was expecting to receive grants of at least five billion dollars, but it was only $ 1.8 billion, " he said.[/rtl]
     
    [rtl]The source pointed out that "the Central Bank of Iraq stressed during the Kuwait conference that Iraq can not afford any other loans after borrowing the ceiling set for him in the past four years, and will continue to pay loans for six decades to come ."[/rtl]

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    • Post n°4

    World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion Empty Re: World Bank announces the arrival of its commitments in Iraq to $ 4.7 billion

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