Tuesday, December 3, 2024

Al-Sudani Launches the Phase One of the Eduba Project to Build 600 Schools Through the Iraq Development Fund, 3 DEC

 Al-Sudani Launches the Phase One of the Eduba Project to Build 600 Schools Through the Iraq Development Fund

Prime Minister Mohammed S. Al-Sudani launched today, Monday, the first phase of the “Eduba” Project, aimed at constructing 600 new school buildings across Iraq’s provinces. The project is part of the Iraq Development Fund initiatives, with implementation set to proceed through the private sector after completing all necessary technical and preparatory measures for construction.
 
The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA),”During the launch ceremony, contracts were signed with “Meinhardt,” a global consulting firm, and with “Yerim Contracting,” one of the twelve private companies tasked with executing this phase of the project. The contracts were signed by the Iraq Development Fund’s executive director, Mr. Mohammed Al-Najjar.”
 
In his speech during the ceremony, Al-Sudani emphasized that the Iraq Development Fund represents the beginning of a new phase of developmental work, highlighting the government’s vision to build a strong and sustainable economy, positioning Iraq on the path to prosperity and stability, supported by active private sector participation.
 
The key points from the Prime Minister’s remarks during the event :
 
We have taken a new step in building schools through the Iraq Development Fund, and the country needs 8,000–10,000 schools.
We have completed the structural preparations for the Iraq Development Fund and are working on drafting a bill to be submitted to Parliament.
The Iraqi private sector is capable and prepared to work under all circumstances and has contributed significantly to infrastructure projects.
Infrastructure remains one of the primary challenges in the education sector, and new designs and modern technologies have been adopted for services and maintenance.
We trust in the private sector’s ability to build schools, and land allocations have been prepared.
We have 600 schools to build, with 12 companies equipped and ready to construct dozens of schools.
Coordination between the Ministry of Education and the Governorates is essential for land allocation and building schools according to technical specifications, with consultants overseeing implementation.
The Ministry of Education is the starting point for the Iraq Development Fund’s projects, and the phase two will focus on housing.
We will focus on building residential complexes under a “rent-to-own” model, with housing units allocated to the families of martyrs and the injured.
Providing sovereign guarantees is a crucial step in economic reform and private sector support.
In Spain, we signed an agreement with the Testa Foundation to provide funding ranging from 200 million to 1 billion euros in coordination with the Trade Bank of Iraq (TBI).
The private sector has the opportunity to establish national industries, deliver services, and create job opportunities for our citizens.

MNT GOAT: " These are credits and these credits only materialize when we, as investors then exchange our dinar" , 3 DEC

 MNT GOAT

What else is in the news?

Another couple of articles I thought were interesting and are as follows:

The first one is titled “IRAQ SIGNS CONTRACT WITH ITALIAN CONSULTING FIRM ON FIRST PHASE OF DEVELOPMENT ROAD”. Oh… this is a good article for us to look at and it helps us piece it all together. So let’s do it. 

The Ministry of Transport announced on, Wednesday, the signing of a consulting contract with BTP Company, to provide consulting services regarding the first phase of the Development Road Project (regarding the current railways).

 Oh… we read in a recent past article that this Development Road Project is not all a China project?

 What happened to all the China money that was to pour into this project? 

If you remember I presented a recent past article telling us that the deal with China is NOT going to materialize as they thought.

 The US influence over Iraq is not going to let China receive FREE oil for the next 30 years over the money they lend to Iraq for this project. 

The US is not going to let China influence Iraq this much and take control over it. Who paid the price of lives for the 2003 invasion to liberate Iraq? Did China participate? The spoils of war. 

As investors we all also should realize that there is a deal with China and Iraq on providing oil at a fixed price. This deal was brokered by the US Treasury and it included pre-selling some of the U.S. oil credits to China at a fixed price. 

But these are credits and these credits only materialize when we, as investors then exchange our dinar. Yes, billions in oil credits. 

Get it? Remember when I described to my readers how this RV would be paid for, I talked about these oil credits. 

So, are you connecting the dots here? Are you beginning to see the BIG picture yet?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

FIREFLY: "WE HAVE TO SEE A NEW RATE WHEN CAME THE STOP OF CURRENCY AUCTION" @DINARREVALUATION

 


JETCO meetings attended by Iraqi Trade Minister, 3 DEC

 JETCO meetings attended by Iraqi Trade Minister

The Minister of Trade, Atheer Dawood Al-Gheriri headed on Tuesday, the Iraqi delegation to the meetings of the Joint Economic and Trade Committee in Istanbul.  
 
According to a statement of the ministry obtained by the Iraqi News Agency (INA), that "the Minister of Trade, Atheer Daoud Al-Gheriri, headed the delegation of the Republic of Iraq to attend the meetings of the Iraqi-Turkish Joint Economic and Trade Committee (JETCO) in its first session, which will be held in Istanbul for the period from the second to the third of December." 
 
The statement added that "the first technical meeting of JETCO was held between representatives of the Ministry of trade in addition to representatives of ministries and the private sector in both countries," pointing out that "during the meeting, they discussed strengthening trade and economic relations and reviewed opportunities for joint cooperation in multiple sectors including trade, transport, industry, planning, and customs, which were included in the draft minutes in a way that serves the common interests of both countries."   

The statement pointed out that "the Director General of the Iraqi Department of Foreign Economic Relations Riyadh Al-Hashemi and his Turkish counterpart initialed the minutes during their chairmanship of the first technical meeting in preparation for its signing tomorrow by the ministers of trade in both countries."  
 
The statement pointed out that "the members of the committee from the Iraqi side are representatives of the ministries of foreign affairs, industry, agriculture, transport, planning, finance, border crossing authority, the head of the Contractors Union, the Federation of Chambers of Commerce and the Iraqi Federation of Industries, in addition to the commercial office in Istanbul."


LAST POST FROM MAJEED, 3 DEC

  MAJEED

This article from today, saying at the end of it 

the one who receives a text message, should go get their salary wherever they want” Which means electronic payment has a🟢 light Plus when the bank announces salaries will be given, it means it will happen And we know they are paying them from 2025 budget which indicate a change in the rate has to happen because there is less money in 2025 budget And they have to make each dinar very valuable.

MILITIAMAN CC HIGHLIGHTS!! @DINARREVALUATION #iraqidinar #iraqidinarinve...

Prime Minister's advisor: The budget is awaiting parliamentary changes to align with the government's plans, 3 DEC

Prime Minister's advisor: The budget is awaiting parliamentary changes to align with the government's plans

The financial adviser to Prime Minister Madhar Mohammed Saleh confirmed on Tuesday that the financial situation in the country is currently governed by the federal budget law, while noting that the budget is waiting for amendments to suit the government program.
 
Saleh told the Iraqi News Agency (INA): "The financial situation in the country is currently governed by the Federal Budget Law No. 13 of 2023 in accordance with the three-year budget law (2023, 2024 and 2025)." 
 
He added that "the legislation and approval of the federal general budget for the year 2025 has become a collection as a law under the tripartite budget and has been legally approved," noting that "the tripartite budget law was submitted and legislated for the year 2025 under the tripartite federal budget law, which was issued in the Official Gazette in June 2023, and there is an amendment to the paragraphs related to the revenues and expenses of the region before the parliament to make amendments that suit the government program."

🌟 Complete Analysis: Future of the Iraqi Dinar & Digital Dinar in 2026 (English & Spanish)

ENGLISH 🌟 Complete Analysis: Future of the Iraqi Dinar & Digital Dinar in 2026 1️⃣ Current Status of the Dinar The  Iraqi Dinar (IQD)  ...