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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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Iraq joins the belt countries in the Asian Silk Bank

rocky
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Iraq - Iraq joins the belt countries in the Asian Silk Bank Empty Iraq joins the belt countries in the Asian Silk Bank

Post by rocky Fri 14 Jan 2022, 3:04 pm

Experts warn of China's debt trap
[size=33]Iraq joins the belt countries in the Asian Silk Bank[/size]
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Posted 1 day ago
UTV - Basra
After his request was officially approved, Iraq recently joined the Asian Investment Bank, based in the Chinese capital, Beijing, to become the fifty-first regional member of the bank.
The Bank provided loans to about 100 countries affiliated with the Belt and Road Initiative to finance infrastructure projects, while the Ports Company confirms that Iraq is a pivotal country in this initiative; Because it is part of the Silk Road to transport goods through the dry canal from the port of Faw.
Anmar al-Safi, a spokesman for the Iraqi Ports Company, told UTV that “the belt or the Silk Road is very important because it transports goods from China and East Asia towards Europe and all countries of the world, and therefore Iraq must be one of the countries belonging to this belt, and everyone knows that Iraq is a pivotal country in The Silk Road as a link between the regions of East Asia.
In return for this proposition, researchers at the Basra and Gulf Studies Center are calling for Iraq to be careful about joining the Belt and Road Initiative, which is popularly promoted by the Silk Road, stressing the need to conduct an economic feasibility study before falling into the trap of Chinese debt.
Dr. said. Qais Nasser, a researcher at the Center for Gulf Studies, told UTV that "Iraq is moving towards joining the Silk Road, but the concerned authorities must first study the feasibility of this issue and see the experiences of other countries in this regard."
Despite this, Iraq has taken steps to join the belt and road countries, by signing recently with an Italian company to design a network of railways linking southern and northern Iraq, all the way to Europe via Turkey to revive the historic Silk Road.
Dr. said. Hussein al-Yasiri, who specializes in geography and economics, told UTV that “When China thought about reviving the Silk Road, it thought that it would consist of two lanes. Fastest, easiest and least expensive.
There is a belief in the street that the Silk Road will open the door for reconstruction to the cities of Iraq, through which the international trade lines pass.
This belief prompted political and popular parties to demand the termination of the contract of the South Korean company “Daewoo” executing the Grand Port of Faw, the important part of the Silk Road, and referring his project and other projects to Chinese companies.
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