Saturday, September 21, 2024

DINAR REVALUATION REPORT: Iraq Fund for Development: New Governance Approval 2024, 21 SEPT

 Iraq Fund for Development: New Governance Approval 2024

On September 21, 2024, the Iraq Fund for Development (IFD) announced the approval of a new governance structure, marking a significant milestone in the country's efforts towards economic stabilization and sustainable growth. 

Economic Outlook and Reforms

The IFD's new governance framework comes at a critical juncture for Iraq's economy. Ongoing contraction in economic activity, due to OPEC+ restrictions on oil production and a halt in Kurdistan's oil exports to Turkey since March 2023, has led to a fall in Iraqi oil production.  However, with the phased lifting of quotas between September 2024 and December 2025, Iraq anticipates a gradual increase in production, paving the way for economic recovery and growth by 2025. 

The government's focus on encouraging investment in the oil and gas sector is evident in the trilateral investment agreement signed in July 2024, worth USD 27 billion over 25 years, between Basrah Oil Company, TotalEnergies, and QatarEnergies.  This agreement aims to boost production from the Ratawi oil field in Basra and improve electricity supply by recovering flared gas for power stations. 

Moreover, the government's commitment to investing in local infrastructure, healthcare, electricity, and education services, as part of the 2023-2025 budget, reflects a strategic move towards inclusive economic development. 

Sustainable Development and Infrastructure

KBR's recent contract award highlights Iraq's focus on regenerative projects and sustainable growth. The contract, valued at $46 million, tasks KBR with supporting the Ministry of Planning in economic planning, strategy development, feasibility studies, and large-scale project management.  KBR's role in enhancing Iraq's energy sector and promoting environmental stewardship aligns with the country's long-term vision for growth. 

Environmental and Social Resilience

The unveiling of Iraq's National Strategy for Environmental Protection and Improvement (2024-2030) demonstrates the government's commitment to addressing environmental challenges and enhancing social resilience.  This strategy, developed in collaboration with national institutions, environmental experts, and civil society, aims to mitigate environmental pressures and support vulnerable populations. 

Governance and Transparency

The approval of the new governance structure for the Iraq Fund for Development underscores the government's commitment to improving governance and attracting domestic and foreign investors.  Efforts to align with international financial standards and enhance transparency are crucial steps in fostering trust and investment in Iraq's development projects. 

Conclusion

The approval of the new governance for the Iraq Fund for Development in September 2024 signifies a pivotal moment in Iraq's economic trajectory. By focusing on sustainable development, environmental protection, and governance reforms, Iraq is positioning itself for a more resilient and prosperous future.


The first of its kind. Iraq Fund for Development announces the approval of new governance, 21 SEPT

 Mawazine News – Baghdad

The Iraq Fund for Development announced on Saturday the approval of a new governance, which is the first of its kind, and while explaining the details of the “investor rental service”, he set a date for the start of establishing 400 schools after completing their designs.

The Executive Director of the Fund, Mohammed Al-Najjar, said: “The Board of Directors of the Iraq Fund for Development periodically holds meetings, and the last meeting was exceptional as it included the approval of the so-called new governance that was not previously beaten in Iraq and the possibility of the Fund working in accordance with other funds around the world,” noting that “governance is required because most projects are investment and governance in them will generate a transparency issue in the entry and exit of funds.”


He added that “the second axis discussed the activation of the Duben project for schools and the guarantees required from investors in schools to the government or the fund; with the aim of starting the project within a month.”


Regarding the purchase of services from investors, Al-Najjar said that “the fund is on its way to activating the rental service from the investor, as the school that is built is rented by the investor for ten years and then returns to the state,” pointing out that “the basic idea of this work is that it will enable us to build 10 schools for one previously.”
He stated, “We started buying the cost, which is divided into ten years in the form of rent, and this allows the construction of 10 schools at the same time instead of one,” pointing out that “the importance of moving capital from investors and the private sector to make profits through rents.”
He pointed out that “this leads to the creation of a large movement of schools that are built simultaneously and create great job opportunities and the demand for raw materials and makes the private sector an essential part with the government in the implementation of strategic projects,” pointing out that “at the beginning of the establishment of the fund, it was discussed to transform the clay schools that fall and caravanism to be implemented with this system, as the total number according to the available statistics are 1750 schools.”
He stressed that “the fund will start the first 400 schools within a month or less because the designs have been completed and the contracts with consulting companies have been completed, and what remains is the choice of investors capable of implementing the first 400 schools according to international standards.”
He stated that “these schools will be environmentally friendly, and built in low-afforested areas,” pointing out that “no money will be granted until the school receives the first rent.”
He pointed out, “If we succeed in this service, there are countries and organizations that will benefit from its funding.”
Regarding the presidential palaces in Basra, he pointed out that “the palaces are located in a very important location and will allow the existence of structures that serve tourism significantly in Iraq, in addition to the fact that they provide very large resources.”

https://www.mawazin.net/Details.aspx?jimare=255211


ABOUT A BILLBOARD IN ZIMBABWE BY JON DOWLING, 21 SEPT


Steve: 


This is from Mahoney and Jon Dowling video today 9.20.24. This is a billboard in Zimbabwe. The vice president is running for president. And in his mandate he will be honoring the Zim bonds that we have if he is voted in. Thinking this is actually going to happen and usher in the RV as well. Not sure on the 1 to 1 though. But do know that Zimbabwe is an incredibly rich country. Top 4 in the world for in ground assets.


 

DINAR GURU UPDATES BY @DINARREVALUATION AMAZING PROGRESS IN IRAQ!!

The United States is moving towards reducing the number of troops in Iraq by 2026, 21 sept

 Mawazine News – Reports

The American newspaper “Politico” reported on Saturday that the United States is preparing to announce an agreement with Baghdad this week, related to reducing the number of American troops in Iraq.

The troops, currently numbering 2,500 troops, are expected to leave by the end of 2026, a decision that sparks widespread controversy among some American lawmakers.

The report pointed out that negotiations between the Iraqi and American sides have reached their final stages, while there is still concern about the continuation of the battle against the remnants of terrorist organizations in Iraq and Syria.

A senior US Department of Defense official confirmed that “terrorist organizations have been defeated on the ground, but the threat they pose remains.”

This agreement is expected to be announced after a meeting between American and Iraqi officials on the sidelines of the United Nations General Assembly in New York.

The agreement is part of President Joe Biden’s administration’s efforts to reorganize U.S. commitments abroad before the end of his term.

But the decision sparked concern in Congress, where Republican House Armed Services Committee Chairman Mike Rogers expressed frustration with the deal, saying it “lacks any strategic military advantage” and could lead to the strengthening of terrorist organizations.

Despite these criticisms, US and Iraqi special forces continue to carry out attacks against the leaders of terrorist organizations, and a Defense Department official confirmed that these operations will continue even as the US presence in Iraq has been reduced.


This comes at a time when the Iraqi Prime Minister, Mohammed Shia Al-Sudani, announced that “the justifications are no longer available” for a major American forces presence, referring to the achievement of stability and the decline in the threat of terrorist organizations.

Iraqi Defense Minister Thabet Abbasi also confirmed that an agreement had been reached to transform Operation Inherent Resolve into a sustainable security partnership.

Despite the decrease in the threat of terrorist organizations compared to previous years, the report indicates an increase in the pace of attacks by the organization in Iraq and Syria during the current year, where the organization carried out 153 attacks in the first half of 2024 compared to 121 attacks last year.

In conclusion, the report stated that the negotiations between the United States and Iraq focus on moving from a military mission to a long-term bilateral security partnership, in cooperation with all international coalition partners.

https://www.mawazin.net/Details.aspx?jimare=255194

Weekend Chat with MarkZ 21-9-2024

 Weekend Chat with MarkZ 21-9-2024


WE SPEND THE FIRST 45 MINUTES WITH CBD MATT AND LUCAS AND MARK WILL GIVE THEIR NEWS UPDATE!


Partner: Good morning and welcome to the weekend.


MZ: Since the topic of recreational vehicles is quiet, today I want to answer questions and talk about Zim.


MZ: I know some people from the rescue center who are on duty today.. There are many rumors that Monday morning we will wake up and see it (RV)... Idk but the rumors are deafening.


MZ: I have yet to see a couple of key people move to the western US headquarters. UU. They haven't been called there yet. Is this something last minute?


MZ: There is a lot of activity and news about Iraq is excellent. Many meetings are being held between now and the 25th.


MZ: I strongly believe that the month of September is still very much at stake.


Member: The PTB should hurry up then... 9 days to go


Member: I hear they want VR to start September 30th since it's the end of the fiscal year.


Member: I'm layover in Reno. I think I'm gonna go "Whale Hunting". I have questions I need answering. By the way, can you describe how they are?


MZ: Let's talk about Zim first. Many people are still wondering if it will be worth it or not. What are the expectations and what do I understand about it?.


MZ: Know that ZIG, the gold-backed Zimbabwe currency, is very different from the Zimbabwean farm cheques and banknotes that most of us have.


MZ: I understand that Zimbabwe's bond exchange funds are from humanitarian funds. Since it's taken so long, these funds have been generating interest.. and they're like a modern day prosperity package.


MZ: This does not mean that all the exchange funds have to be allocated to humanitarian projects.


Member: Zim is a bonus to the bearer that will be paid to the bearer the nominal value of the I'll pay in my opinion.


Member: Do you think they will have projects we can choose from?


Member: We've been told that there are shortlisted projects you can select on ZIM


MZ: I was told they will present us a short list of which we can choose from.


MZ: I've been told that the Agro checks funds do not come from humanitarian funds. They are totally for you and your personal use.


MZ: Those of us who know best, the 100T notes, I understand that for each note, between 30 and 50 million dollars will go to your pockets for your personal use... and you will have the ability and option to get more and allocate them to humanitarian projects.


Member: Will they only accept the 100T notes or the lesser ones?


Member: Mark said in the past that everyone will be honored.


Member: Can we exchange more than one Zimbabwe bond? I've heard rumors that's all they will accept.


MZ: I heard we can trade as many as we want/have... no limit.


Member: Can you make 2 different dates to swap if you're out of town?


MZ: Yes... I've been told repeatedly that's the case... but they'd rather we do it on a single date. However, they understand that logistically this may not be possible due to travel, locations, etc.... Try to organize and make things easier for them and yourselves if you can.

Iraq's Bold Move: Removing Zeros from the Dinar!