Home
[size=35][size=35]5 years of waiting and America welcomes... What does it mean for Iraq to join the European Bank?[/size]
[You must be registered and logged in to see this link.]
[/size]
[You must be registered and logged in to see this link.][/size]
2023-11-19 | 03:07
[You must be registered and logged in to see this image.]
[/size]
[You must be registered and logged in to see this link.]
2,856 views
Al-Sumaria News - Economy
[size]
[ltr]
0 seconds of 0 seconds Volume 0%
[/ltr]
*Official Media
The [url=https://www.alsumaria.tv/Entity/4071951832/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9/ar/]Iraqi Ministry of Foreign Affairs[/url] announced, on Thursday, November 16, 2023, that Iraq has officially joined the European Bank for Reconstruction and Development.
Ministry spokesman Ahmed Al-Sahhaf said in a statement, “Iraq has joined the European Bank for Reconstruction and Development (EBRD), as it has completed the accession procedures and is now the 74th member of the bank,” noting that “Iraq had previously submitted an application to join the bank in April 2018.” The Board of Governors approved his membership in October 2020.”
He continued, "The process of becoming a contributing member has now been completed, and as a shareholder, Iraq can apply to benefit from the financial and political support provided by the European Bank for Reconstruction and Development."
The President of the European Bank for Reconstruction and Development, Odile Renaud-Basso, said, according to the statement: “I am pleased to welcome Iraq as a member of the Bank. We are fully committed to dealing with the country, and when the time comes, we look forward to starting work in Iraq, and applying our expertise to develop its economy.”
The statement concluded, “This achievement was the culmination of efforts[url=https://www.alsumaria.tv/Entity/710014802/%D8%B3%D9%81%D8%A7%D8%B1%D8%A9 %D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Embassy of the Republic of Iraq[/url]In London and its continued efforts with the bank’s management in London, and the possibility of the bank’s contribution to infrastructure projects in[You must be registered and logged in to see this link.]Including a project[url=https://www.alsumaria.tv/Entity/2642643810/%D8%B7%D8%B1%D9%8A%D9%82 %D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9/ar/]Development path[/url]The American administration welcomed the Iraqi step, and stated in a
comment on the matter that “accession[You must be registered and logged in to see this link.]The European Bank allows its companies to access loans that contribute to improving products and services and enhancing communication with the world.”
He will join[You must be registered and logged in to see this link.]To the bank’s region in the southern and eastern Mediterranean, which includes Egypt, Jordan, Lebanon, Morocco, Tunisia, the West Bank and the Gaza Strip, given the strong economic ties between it and those countries.
The Iraqi government applied to join the bank for the first time in 2018, and its status as a shareholder enables it to apply to become a recipient economy, which would provide financing and political support from the bank.
And it was founded[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For Reconstruction and Development (EPRD) in 1991 to assist the former communist countries in the East[You must be registered and logged in to see this link.]On the transition to a market economy. The Group of Seven major countries owns a majority stake in the bank.
The Foundation launched its operations in the southern and eastern Mediterranean region in 2011, and has so far invested nearly 19 billion euros in 363 projects to support the private sector and sustainable development.
*The importance of joining
helps[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]It has been working on developing the economies of developing countries since its establishment in 1991, and investment is an important tool to help build market economies, and from this standpoint comes the importance of joining[You must be registered and logged in to see this link.]To him, considering that[You must be registered and logged in to see this link.]It represents a wide arena and a good environment for investment in various fields and sectors, and joining can help[You must be registered and logged in to see this link.]To this bank in promoting the development renaissance in the country and this will provide great job opportunities, in addition to making[You must be registered and logged in to see this link.]A destination for giant European companies, thus supporting the Iraqi economy and moving away from the grip of the mono-economy that depends on oil, according to experts.
Experts and specialists also expressed their hope that the accession would be revitalized[You must be registered and logged in to see this link.]For membership[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For reconstruction and development, the wheel of reconstruction is turning and the revival of many of the large projects that the current government has begun to implement.
The financial advisor to the Prime Minister, Mazhar, outlined[url=https://www.alsumaria.tv/Entity/3106014541/%D9%85%D8%AD%D9%85%D8%AF %D8%B5%D8%A7%D9%84%D8%AD/ar/]Mohammed Saleh[/url]The importance of joining[You must be registered and logged in to see this link.]to[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For reconstruction and development, while stressing that accession was the result of sober and constructive consultations carried out by economic diplomacy.
Saleh said: “Join[You must be registered and logged in to see this link.]to[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For Reconstruction and Development, he has been preparing since he agreed[url=https://www.alsumaria.tv/Entity/3136112606/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D9%8A%D9%86/ar/]Board of Governors[/url]He joined the 74th member in 2020,” pointing out that “the accession was the result of sober and constructive consultations carried out by economic diplomacy over the years to reach the stage of full accession to membership in this multilateral European financial institution,” according to the official agency. He added, “This will
enable Our country is able to implement our priorities in sustainable economic development, which he undertakes[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]Reconstruction tasks there and improving important aspects of Iraq’s infrastructure.”
He explained that “the European Bank for Reconstruction and Development (EBRD) is a multilateral development bank that uses investment as a tool to help build market economies. It was founded in 1991 and initially He devoted its work to the Eastern European transitional countries that transitioned from centralized economies to markets.” The aforementioned bank financed 5,035 projects from 1991 until 2020, with a total value of business volume amounting to 120 billion euros.”
He pointed out that "the European Bank works specifically for reconstruction and development in 38 countries in the southern and eastern Mediterranean, Central and Eastern Europe, and Central Asia." It also finances large and small projects in a variety of sectors, including public works and agribusiness." Natural resources, infrastructure such as road projects, water and sanitation, and the digital and technological sector."
He continued: “Thus, the European Bank for Reconstruction and Development serves the interests of all its shareholders - whose total number today exceeds more than 74 countries from 5 continents, in addition to the European Union countries themselves.” He stressed that “Iraq’s
membership in the European Bank for Reconstruction and Development will represent a true European investment partnership in launching important strategic projects in our country, such as the large Iraq development project (Development Road), which is a project that will link the interests of Iraq and the global south with Europe on the one hand, and the interests of Europe and Iraq with the global south.” The world on the other hand.[/size]
[You must be registered and logged in to see this link.]
[/size]
Economy
[size][size][You must be registered and logged in to see this link.][/size]
2023-11-19 | 03:07
[You must be registered and logged in to see this image.]
[/size]
[You must be registered and logged in to see this link.]
2,856 views
Al-Sumaria News - Economy
The European Bank for Reconstruction and Development officially included Iraq in its membership, becoming the 74th member of the multilateral lender, and the US administration welcomed this step.
[size][ltr]
0 seconds of 0 seconds Volume 0%
[/ltr]
*Official Media
The [url=https://www.alsumaria.tv/Entity/4071951832/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9/ar/]Iraqi Ministry of Foreign Affairs[/url] announced, on Thursday, November 16, 2023, that Iraq has officially joined the European Bank for Reconstruction and Development.
Ministry spokesman Ahmed Al-Sahhaf said in a statement, “Iraq has joined the European Bank for Reconstruction and Development (EBRD), as it has completed the accession procedures and is now the 74th member of the bank,” noting that “Iraq had previously submitted an application to join the bank in April 2018.” The Board of Governors approved his membership in October 2020.”
He continued, "The process of becoming a contributing member has now been completed, and as a shareholder, Iraq can apply to benefit from the financial and political support provided by the European Bank for Reconstruction and Development."
The President of the European Bank for Reconstruction and Development, Odile Renaud-Basso, said, according to the statement: “I am pleased to welcome Iraq as a member of the Bank. We are fully committed to dealing with the country, and when the time comes, we look forward to starting work in Iraq, and applying our expertise to develop its economy.”
The statement concluded, “This achievement was the culmination of efforts[url=https://www.alsumaria.tv/Entity/710014802/%D8%B3%D9%81%D8%A7%D8%B1%D8%A9 %D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/ar/]Embassy of the Republic of Iraq[/url]In London and its continued efforts with the bank’s management in London, and the possibility of the bank’s contribution to infrastructure projects in[You must be registered and logged in to see this link.]Including a project[url=https://www.alsumaria.tv/Entity/2642643810/%D8%B7%D8%B1%D9%8A%D9%82 %D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9/ar/]Development path[/url]The American administration welcomed the Iraqi step, and stated in a
comment on the matter that “accession[You must be registered and logged in to see this link.]The European Bank allows its companies to access loans that contribute to improving products and services and enhancing communication with the world.”
He will join[You must be registered and logged in to see this link.]To the bank’s region in the southern and eastern Mediterranean, which includes Egypt, Jordan, Lebanon, Morocco, Tunisia, the West Bank and the Gaza Strip, given the strong economic ties between it and those countries.
The Iraqi government applied to join the bank for the first time in 2018, and its status as a shareholder enables it to apply to become a recipient economy, which would provide financing and political support from the bank.
And it was founded[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For Reconstruction and Development (EPRD) in 1991 to assist the former communist countries in the East[You must be registered and logged in to see this link.]On the transition to a market economy. The Group of Seven major countries owns a majority stake in the bank.
The Foundation launched its operations in the southern and eastern Mediterranean region in 2011, and has so far invested nearly 19 billion euros in 363 projects to support the private sector and sustainable development.
*The importance of joining
helps[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]It has been working on developing the economies of developing countries since its establishment in 1991, and investment is an important tool to help build market economies, and from this standpoint comes the importance of joining[You must be registered and logged in to see this link.]To him, considering that[You must be registered and logged in to see this link.]It represents a wide arena and a good environment for investment in various fields and sectors, and joining can help[You must be registered and logged in to see this link.]To this bank in promoting the development renaissance in the country and this will provide great job opportunities, in addition to making[You must be registered and logged in to see this link.]A destination for giant European companies, thus supporting the Iraqi economy and moving away from the grip of the mono-economy that depends on oil, according to experts.
Experts and specialists also expressed their hope that the accession would be revitalized[You must be registered and logged in to see this link.]For membership[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For reconstruction and development, the wheel of reconstruction is turning and the revival of many of the large projects that the current government has begun to implement.
The financial advisor to the Prime Minister, Mazhar, outlined[url=https://www.alsumaria.tv/Entity/3106014541/%D9%85%D8%AD%D9%85%D8%AF %D8%B5%D8%A7%D9%84%D8%AD/ar/]Mohammed Saleh[/url]The importance of joining[You must be registered and logged in to see this link.]to[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For reconstruction and development, while stressing that accession was the result of sober and constructive consultations carried out by economic diplomacy.
Saleh said: “Join[You must be registered and logged in to see this link.]to[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]For Reconstruction and Development, he has been preparing since he agreed[url=https://www.alsumaria.tv/Entity/3136112606/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D9%8A%D9%86/ar/]Board of Governors[/url]He joined the 74th member in 2020,” pointing out that “the accession was the result of sober and constructive consultations carried out by economic diplomacy over the years to reach the stage of full accession to membership in this multilateral European financial institution,” according to the official agency. He added, “This will
enable Our country is able to implement our priorities in sustainable economic development, which he undertakes[url=https://www.alsumaria.tv/Entity/2808775656/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Bank[/url]Reconstruction tasks there and improving important aspects of Iraq’s infrastructure.”
He explained that “the European Bank for Reconstruction and Development (EBRD) is a multilateral development bank that uses investment as a tool to help build market economies. It was founded in 1991 and initially He devoted its work to the Eastern European transitional countries that transitioned from centralized economies to markets.” The aforementioned bank financed 5,035 projects from 1991 until 2020, with a total value of business volume amounting to 120 billion euros.”
He pointed out that "the European Bank works specifically for reconstruction and development in 38 countries in the southern and eastern Mediterranean, Central and Eastern Europe, and Central Asia." It also finances large and small projects in a variety of sectors, including public works and agribusiness." Natural resources, infrastructure such as road projects, water and sanitation, and the digital and technological sector."
He continued: “Thus, the European Bank for Reconstruction and Development serves the interests of all its shareholders - whose total number today exceeds more than 74 countries from 5 continents, in addition to the European Union countries themselves.” He stressed that “Iraq’s
membership in the European Bank for Reconstruction and Development will represent a true European investment partnership in launching important strategic projects in our country, such as the large Iraq development project (Development Road), which is a project that will link the interests of Iraq and the global south with Europe on the one hand, and the interests of Europe and Iraq with the global south.” The world on the other hand.[/size]
» utube 9/10/24 MM&C IQD Update-Iraq Dinar-#iraqidinar-#xrpIraq Reconciling-Unif
» utube 9/9/24 MM&C Iraq Dinar-Central Bank-#Iraqidinar #exchangerate #iraqidinarexchangerate Baghda
» US Embassy in Iraq confirms yesterday's attack: No casualties
» Iraq calls for common understanding on debt repayment, Iran urges strategic program
» Criticisms of the Iraqi parliament’s discussion of cancelling the economic unity agreement
» Will Iraq succeed in harmonizing its labor legislation with international standards?
» Al-Maliki's coalition: The Sunni house did not leave the decision of the presidency to the parliamen
» Waiting for legislation.. Laws on the table of the Parliamentary Health Committee
» MP calls on government to pressure Washington to fulfill its obligations towards Iraq
» Prime Minister: Iraq rejects the use of its territory as a launching pad to threaten neighboring cou
» Parliamentary Agriculture Committee stresses the need to legislate the law on agricultural land rent
» Al-Sudani: Iraq's position was clear as a government to expand economic partnership with Iran
» Al-Sudani during a press conference with Bazeshkian: The ties between Iraq and Iran are historic
» Resources: Iraq is the first country in the Middle East to monitor groundwater electronically
» Bitcoin ETFs Lose $1.2 Billion in 8 Days
» Communications: Blocking of websites is done in accordance with final and binding judicial decisions
» The Council of Ministers issues a number of decisions to complete stalled projects
» Signing of 14 bilateral memoranda of understanding between Iraq and Iran
» Work: Two million families covered by protection salaries
» Ratification of a joint agreement between Baghdad and Erbil regarding taxes
» It was launched a few days ago.. What are the objectives of social research on beggars in Iraq?
» Iranian Foreign Minister to Al-Sabah: We look forward to broader horizons with Iraq
» Implementation of the largest water project in Erbil
» Nineveh Exhibition for Construction, Reconstruction and Energy Launches
» Offers from Egyptian companies to implement projects in Iraq
» Work: Two million families covered by protection salaries
» Electricity to {Sabah}: Adopting the combined cycle in all stations
» Desertification and drought swallow 23 percent of agricultural land
» 77 trillion dinars is the country's revenue in 7 months
» Contribute to increasing revenues
» Two experts: Food prices are stable thanks to government support
» With the imminent launch of Al-Faw Port...an international decision to fine Iraqi ports $120 million
» Joint agreement between Baghdad and Erbil to unify tax work
» The first of its kind in Iraq.. Arrest of a member of the Dhi Qar Council on charges of "electronic
» The President of the Supreme Judicial Council receives a delegation from the Arab Union for Combatin
» Kurdistan is a stop for Bezeshkian after Baghdad.. What does Erbil want from Tehran?
» Extensive bilateral talks between the President of the Republic and the Iranian President
» Meeting between Al-Sawad and Baker Hughes USA to develop oil and gas in Iraq
» A "secret" agreement to continue Mandalawi... no new parliament speaker
» Iraqi Oil holds expanded meeting with ALEXANDROS JV in the United States
» The Council of Ministers approves a mechanism for appointing graduates of medical and health college
» Coordination Framework: We discussed the “wiretapping network” file and we still support Al-Sudani’s
» Communications: We are an executive body and orders to block websites are issued by the competent au
» Reintroducing the monthly pricing system for generators.. Baghdad Council reveals pressures to “thwa
» Sudani's financial advisor: Iraq will face a financial crisis in 2025
» The Grand Political Deal... General Amnesty is Conditional on Amending the Personal Status Law!
» Trade announces completion of final forms of joint memoranda of understanding between Iraq and Iran
» Dollar prices stabilize at 151 thousand Iraqi dinars
» Cabinet session decisions include Sunday holiday
» Baghdad and Tehran prepare to sign security memoranda and discuss important economic projects
» Ministerial Council for Economy.. Differing opinions on the region’s commitment to the outcomes
» Find out the dollar exchange rates in the Iraqi stock exchanges
» More than 500 violators tried and about 3,000 projects closed.. Iraq fires decreased by 55% in 2024
» Iranian Parliamentary National Security Committee: Pezeshkian's visit to Iraq aims to "remove border
» Winners and losers from the fluctuation of the dollar exchange rate against the dinar in Iraq
» US Sanctions Iran for Providing Hundreds of Missiles to Russia
» Even CNN's Erin Burnett shocked by unearthed evidence of Kamala Harris' radicalism: 'She supports th
» Potential for Abuse’: Kamala’s Debate Prep With Lead Google Attorney Sets Off Alarm Bells
» ͏MM&C 9/924 The parallel market will be upended.. Sources: Expected decisions from the Central B
» Iraq's "King of the Dollar" to the forefront and money smuggling under the American microscope
» Dollar crisis: Changing exchange rates will create “huge problems” and smuggling is led by a “deep s
» The government is looking for taxes but cannot find any.. Iraq will face financial pressure in 2025
» Parliamentary Finance: Electronic payment achieved 7 gains and prevented the smuggling of money outs
» Baghdad and Erbil agree on several points regarding taxes, customs and salaries
» Are the amendments to the Anti-Narcotics Law enough to curb the phenomenon?
» Call to Break the Silence on Corruption: Separation of Powers and Promoting Human Rights
» Parliamentary committee intends to submit its report on the government evaluation next week
» Al-Sudani's government faces a difficult test: Falling oil prices threaten to cut salaries
» Iraqi state banks account for 88% of banking sector investments
» Iraq's financial revenues exceed 77 trillion dinars in 7 months of 2024
» Iraq: We closed 77 headquarters of the Iranian Kurdish opposition and handed over their weapons to t
» "Currency Auction" .. Central Bank of Iraq's sales rise to more than $ 258 million
» Investment Authority: Iraq’s entry into the New York and Singapore agreements achieves its transitio
» Special for the Development Road.. Transportation: A ministerial meeting in Baghdad includes Iraq an
» Minister of Electricity: Combined cycle projects will save the state $3 billion annually
» The Gulf Cooperation Council confirms the continuation of the electrical interconnection project wit
» Government stresses the importance of following up on the collection of electricity consumption fees
» Dana Gas: Pearl Petroleum sues Khor Mor field contractor for cost recovery
» Chairman of the Integrity Commission: Iraq advances four ranks in the classification of the most cor
» Rafidain Bank identifies three advantages of electronic payment systems
» The Iraqi Economic Observatory reveals the volume of Iraq's exports during the past month of August
» During 2023.. Cryptocurrency fraud and scams increase by 45%
» Iraq expects financial crisis in 2025 as oil prices fall
» A source in the Iranian presidency reveals to “Al-Sabah” the agenda of Pezeshkian’s visit to Iraq
» Residential lands for educators in developed and serviced areas
» Government prepares to launch first digital knowledge platform
» Masrour Barzani discusses joint cooperation with the Governor of the Central Bank
» The Communications and Media Commission is looking into settling debts and fines owed by Korek Telec
» Pentagon: We continue security cooperation talks with Iraq
» Transparency International: We appreciate the Iraqi government's measures to combat corruption
» The Companies Registration Department issues a notice to its auditors
» US court orders Iraqi ports to pay $120 million to Cypriot company
» Parliamentary Security Committee proposes two options to end the "Turkish incursion" and a proposal
» Parliamentary letter to the US Embassy regarding personal status amendments: Do not interfere, "Your
» Defense and Foreign Ministry issue humanitarian appeal regarding remains of missing Kuwaitis
» Results of the meeting of the Ministerial Council for Economy in Erbil
» Economist blames central bank for dollar's rise: Confused decisions
» Kurdish proposal to end the "crisis" of Kurdistan employees' salaries initially