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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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One trillion dinars allocated by the 2021 budget to implement the projects of the Chinese agreement

rocky
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budget - One trillion dinars allocated by the 2021 budget to implement the projects of the Chinese agreement Empty One trillion dinars allocated by the 2021 budget to implement the projects of the Chinese agreement

Post by rocky Tue 28 Sep 2021, 7:33 am


[size=30]One trillion dinars allocated by the 2021 budget to implement the projects of the Chinese agreement


2021-09-28
[/size]
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Yes Iraq: Baghdad

Today, Tuesday, Adviser to the Prime Minister, Mazhar Muhammad Salih, announced the details of the Chinese loan and the projects funded by it, while noting that discussions are continuing to determine the priorities of the projects covered by the loan, indicating the allocation of the first trillion dinars within the budget for the current year to implement projects according to this agreement.
Saleh said, "The cooperation framework agreement between Iraq and China has become effective, and it took its first course through the legislation of the general budget law for the year 2021, when an amount of more than one trillion dinars was approved, implemented through the Chinese loan with the guarantee of the Chinese Credit and Export Guarantee Agency (Sinosure ). ), indicating that “there are important technological projects in the field of industry and motivating the wheels of the economy, which will be financed from the aforementioned allocation contained in the budget law in order to improve its production efficiency, which means the start of the work of the cooperation framework agreement between the two countries.”
He added that "work is still continuing to prioritize projects that Chinese government companies can advance in the form of direct implementation contracts in accordance with the best international practices in contracting, and they are financed from the proceeds of selling Iraqi oil to the People's Republic of China."
He stressed that "the aforementioned agreement with China provided for allocating revenues of 3 million barrels of oil per month for the implementation of projects by Chinese companies at the request and selection of the Iraqi side in accordance with international standards," noting that "work is underway between consultants and experts in the state apparatus to prioritize projects with prejudice and priority." The first direct impact on the life of the citizen and human development in Iraq.”
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