One billion dollars is the amount of money accumulated in the Iraqi-Chinese agreement
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The Economy News - Baghdad
On Saturday, the Prime Minister’s Advisor on Finance revealed the appearance of Mohammed Saleh, the amount of money accumulated in the sovereign account of the Chinese agreement.
Saleh said in a statement reported by the official news agency "conscious" and seen by "Al-Iqtisad News", that "the Iraqi-Chinese agreement that extends for twenty years is still in force", pointing out that "the accumulated Iraqi sovereign funds for the benefit of the agreement, perhaps amounted to about one billion dollars Since it was activated in mid-October last year. "
He added that "activating the agreement is still awaiting the disappearance of two basic restrictions. The first relates to the legislation of the Federal Budget Law for the year 2020, to allow the adoption and implementation of approved projects, especially infrastructure projects," noting that "the second factor is the return of China to the international economic scene and its openness again to the world." .
He added that "China is still subject to the application of coercive measures in addressing the Corona pandemic," noting that "the restrictions imposed, whatever they are, are a global phenomenon at present, and not limited to China alone."