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Al-Sudani stresses the importance of continuing the work of the Iraq Development Fund according to the planned vision
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[rtl]Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed the importance of continuing the work of the Iraq Development Fund according to the planned vision.
The Prime Minister's media office stated in a statement: "Al-Sudani chaired, today, Monday, the periodic meeting of the Board of Directors of the Iraq Development Fund, and stressed during the meeting the importance of continuing the work of the fund according to the planned vision, in line with the expectations of international financial institutions, in order to attract investors from inside and outside Iraq."
Al-Sudani referred to the housing and school construction projects that are on their way to implementation, stressing the need to work according to the new approach that the government seeks to implement, which is represented by purchasing services from investors instead of the state taking over the implementation.
During the meeting, the governance guide for the Iraq Development Fund was approved, after making amendments to it and discussing the mechanisms and policies of the future work of the fund, based on this guide, which constitutes a comprehensive framework for good governance, and aims to ensure effective and sustainable management of the fund's assets, in line with the national goals of its establishment and a working method in line with the best international practices in the field of sovereign and development funds, to ensure achieving the highest levels of integrity, transparency and efficiency in all its investments.
The meeting discussed the mechanisms for transferring ownership of schools from the Fund to the Ministry of Education and its accounting treatment, as well as the Ministry of Finance handling the guarantee of purchasing services from investors. /End9[/rtl]
The Prime Minister's media office stated in a statement: "Al-Sudani chaired, today, Monday, the periodic meeting of the Board of Directors of the Iraq Development Fund, and stressed during the meeting the importance of continuing the work of the fund according to the planned vision, in line with the expectations of international financial institutions, in order to attract investors from inside and outside Iraq."
Al-Sudani referred to the housing and school construction projects that are on their way to implementation, stressing the need to work according to the new approach that the government seeks to implement, which is represented by purchasing services from investors instead of the state taking over the implementation.
During the meeting, the governance guide for the Iraq Development Fund was approved, after making amendments to it and discussing the mechanisms and policies of the future work of the fund, based on this guide, which constitutes a comprehensive framework for good governance, and aims to ensure effective and sustainable management of the fund's assets, in line with the national goals of its establishment and a working method in line with the best international practices in the field of sovereign and development funds, to ensure achieving the highest levels of integrity, transparency and efficiency in all its investments.
The meeting discussed the mechanisms for transferring ownership of schools from the Fund to the Ministry of Education and its accounting treatment, as well as the Ministry of Finance handling the guarantee of purchasing services from investors. /End9[/rtl]
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