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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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    pressures that force Iraq to refuse loans from the Kuwait Conference

    Rocky
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     pressures that force Iraq to refuse loans from the Kuwait Conference Empty pressures that force Iraq to refuse loans from the Kuwait Conference

    Post by Rocky Sat 17 Feb 2018, 3:24 am

    [size=32]
    pressures that force Iraq to refuse loans from the Kuwait Conference[/size]
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     2 hours ago




    Shafaq News / The intention of Prime Minister Haider Abadi to abandon some of the debts received by the conference from donor countries, as announced the formation of the national monitoring bodies committees to monitor the disbursement of grants and the implementation of projects.
    The General Secretariat of the Iraqi Council of Ministers said that "the national task force will start its meetings starting next Monday, with ambassadors and representatives of international organizations in Iraq, to ​​start activating the financial obligations of their countries in relation to the reconstruction process."
    "The work is currently underway to hold extensive meetings with investors during the month of March next, to agree on the investment opportunities that many companies expressed their desire to seize in all Iraqi provinces."
    The Secretariat revealed that "the amounts pledged by a number of States and regional and international organizations and funds, were distributed between soft loans and loans of $ 15.5 billion with a long time period of payment with facilities, allowing the country to invest these amounts and can pay them while accelerating the economy and do, Which creates great jobs in all provinces. "
    "The value of the guarantees and financial facilities offered at the Kuwait Investment Conference amounted to $ 11.6 billion, while $ 1.8 billion was provided as grants to support stability and in the form of humanitarian and relief assistance," she said.
    The General Secretariat of the Council of Ministers considered that "the large amounts pledged by the participating countries in the conference will be an important impetus for companies to invest in all governorates, specifically in the sectors of housing, construction, agriculture, industry, tourism and transport, in addition to the educational, health, environmental and other fields."
    She pointed out that "these amounts will enhance the requirements of development in the basic areas affecting the lives of citizens, especially the sectors of education, health and public services and improve the quality, which reflects positively on improving the standard of living of citizens, in addition to the role of these amounts in the promotion of small businesses that achieve the objectives The expansion of the production process and the provision of services through the establishment of production units or services or workshops dedicated in different areas.
    Iraqi press reports quoted leaks as "informed sources in the Council of Ministers," hinting that "Abadi's intention to reject the bulk of the loans granted to Iraq, in accordance with the instructions of the World Bank, which stressed the inability of Baghdad to bear more debt, and that Iraq is not obliged to accept these loans If it depends on foreign investment. "
    The source said that "Iraq was hoping to get at least $ 5 billion, but he received only $ 1.8 billion in grants, and the rest are loans and facilities."






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