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Don961 » May 22nd, 2018

Think Sadr and President Trump follow each other on Twitter ?? ... imo

In epic tweet, Sadr declares renouncing sectarian alliances

May 21 2018 10:14 PM

Moqtada al-Sadr

Sadrist leader Moqtada al-Sadr on Monday said on Twitter he won't be engaged in alliances on sectarian lines.

"Don’t expect that I will be involved in sectarian alliances," Sadr said.

He wrote:"I am Moqtada…a Shiite in the most sublime aspects…with a Sunni resonance, a Christian scent, Sabian vision, a Yazidi loyalty, civilian orientation, Arabic origin, Kurdish beam light, Assyria roots, Turkmen dreams, Chaldean attachment, Shabak noble company."

Sadr, whose coalition won 71 seats in the legislative elections, went on to added that he will seek a comprehensive alliance far from sectarianism. link

The Kuwait Conference has not borne fruit .. The Asian Investment Bank of Iraq's new interface for reconstruction

Messenger Ali

2018/5/21 05:47:38 PM

In a move to build and rehabilitate the country's infrastructure and diversify its funding sources, the Council of Ministers approved the draft law on the accession of the Republic of Iraq to the Asian Investment Bank Infrastructure Agreement, but as an observer.

The Asian Infrastructure Investment Bank (AIIB) was established in 2015 as a US $ 50 billion international bank with more than 35 non-US contributory countries based in Beijing.

"The Council of Ministers decided to refer the draft law on the accession of the Republic of Iraq to the agreement of the Asian Investment Bank for infrastructure to the House of Representatives, based on the provisions of Articles {16 first and 80 / second} of the Constitution, the Secretariat of the Council of Ministers said in a statement, The decision also included sending the request to join the Asian Investment Bank for Infrastructure, after completing the legal procedures stipulated in the Treaty No. 35 of 2015.

The Secretariat pointed out that "the Council granted in its resolution above a subsequent license to sign the Undersecretary of the Ministry of Finance, a request that includes Iraq's desire to join as an observer of the Asian Investment Bank for infrastructure based on the provisions of Article {6} of the law of treaties mentioned.

The Cabinet Secretariat said that "the approval of the Council comes to build and rehabilitate the infrastructure in the country and diversify sources of funding and for Iraq to enter the agreement of the Asian Investment Bank for infrastructure."

Iraq's move comes in the context of taking part in the reconstruction of cities devastated by terrorism after figures showed the amounts, which resulted from the Kuwait Conference for the reconstruction of Iraq, insufficient to meet the needs of the reconstruction of destroyed cities.

"The economic and financial conditions that passed through the country in 2014 prevented the timely accession of Iraq to this bank, which requires membership to contribute a few million dollars," said Mohammed Saleh, the financial and banking adviser to the prime minister.

"If Iraq had the money to join, it would have entered as a shareholder along with other countries," he said, adding that "the drop in oil prices to very low rates and the emergence of a dasher was one of the main reasons for the postponement of joining this bank."

He expressed the hope that "this year will witness the end of the procedures for joining the Asian Bank to invest in infrastructure for the purpose of urban reconstruction and the establishment of good infrastructure for Iraq in general."

He said that "as much as the funds contributed by countries in the Asian Bank to invest in infrastructure, they in turn receive contributions from loans and grants to meet the need of their countries for reconstruction and the construction of infrastructure."

Iraq seeks to intensify all international and domestic efforts to rebuild the cities devastated by terrorism because Iraq fought a war on behalf of the world through a campaign to combat the organization calling for the terrorist.

The Kuwait conference on reconstruction of Iraq ended this year without reaching the target of $ 88 billion, which was estimated to be sufficient for the reconstruction of cities destroyed by terrorism. The results resulted in the allocation of 30 billion dollars between loans and investments to donor countries participating in the conference.

In this regard, says the economist, Karim Saadi, that "the process of financing reconstruction projects to succeed must have the availability of banks in a coherent and effective in Iraq, keep pace and accommodate the reconstruction process," explaining during his speech to (One News) that "the success of the reconstruction process requires Also set plans for the establishment of strategic projects related to infrastructure by adopting proper working contexts to support such productive projects that require the government to be guarantor.

The bank, which was set up in October 2015 under China's leadership, will fund energy, transport and infrastructure projects in Asia.

Australia was the first to sign the bank, followed by 49 other countries from Asia, the Middle East and Latin America.

The Asian Infrastructure Investment Bank has started to operate with a capital of $ 50 billion, eventually rising to $ 100 billion.

China's participation in the bank's capital will be 30.34 percent, making it the largest shareholder, holding 26.06 percent of the total votes. India will be the second largest shareholder, followed by Russia and Germany. link

Source: Dinar Recaps



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