Preparing To Vote On Budget Schedules / Parliamentary Vote On 3 Financia...

Iraq’s PM seeks EBRD support for banking reforms, infrastructure projects, 17 JAN

 Iraq’s PM seeks EBRD support for banking reforms, infrastructure projects

Shafaq News/ Iraqi Prime Minister Mohammed Shia Al-Sudani met, on Thursday, with a delegation from the European Bank for Reconstruction and Development (EBRD) in London, led by the bank’s President, Odile Renaud-Basso.

According to a statement from the Prime Minister's media office, the meeting addressed the implementation of an agreement between Iraq and the EBRD, previously ratified by the Iraqi Parliament. Discussions included the bank’s potential role in “developing Iraq’s private sector and advancing renewable energy projects such as solar and wind power to reduce carbon emissions and enhance energy efficiency.”

During the meeting Al-Sudani expressed gratitude for the EBRD’s decision to approve Iraq’s membership last October, calling it an “important step” toward strengthening partnerships. “This collaboration aligns with our government’s priorities across multiple sectors,” he stated.

Al-Sudani emphasized the government’s focus on critical infrastructure projects that could benefit from EBRD financing, particularly in areas impacted by conflict. “Key projects include roads, bridges, and public transportation, which are essential for Iraq’s recovery and development,” he said. 

The Minister also requested technical assistance from the EBRD to modernize Iraq’s banking sector and improve its overall financial environment.

To further strengthen cooperation, Al-Sudani extended an invitation to Renaud-Basso to visit Iraq and assess potential opportunities for collaboration firsthand. Additionally, a proposal was made to “establish a joint working group tasked with prioritizing projects in which the EBRD would participate in Iraq.”

TIDBIT FROM NADER FROM MID EAST ,17 JAN

 Nader From The Mid East

  I tell you about three things. 

 Trade, private sector, which it's now very very good...You're going to see a lot of thing about the private sector how good it become and how good they invest into it and the third thing it's Forex. 

 These three things you have to watch...

FRANK26: STOP AUCTIONS MEANS ADD A NEW EXCHANGE RATE TO THE DINAR!! @DINARREVALUATION #iqd

 

FRANK26: "2ND READING OF '25 BUDGET AMENDMENT, DONE", 16 JAN

 KTFA

FRANK26: "2ND READING OF '25 BUDGET AMENDMENT, DONE".........F26

The House of Representatives completes the second reading of the draft amendment to the budget law

 

1/13/2025

The Council of Representatives concluded, in its session today, Monday, the second reading "Report and Discussion" of the draft law of the first amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023. 

LINK

 

EXCERPTS FROM MARKZ, 16 JAN

 EXCERPTS FROM MARKZ

MZ: In the past we were told close the RV- peace would suddenly break out in the middle east…The news today about an agreement between Hamas and Israel might be it. It all seems to be coming together.

Member: This puzzle has definitely been challenging to piece together, but man is the final picture going to be gorgeous

Member: Some Gurus are expecting the RV tomorrow.

MZ: I am not. Most of what I am seeing – is around the 21st and 22nd.

Member: Tony said that the RV switch will be flip in 24 hrs and the 24 hrs has already started

Member: Was the third reading of Iraq’s budget today?

MZ: it was not today. I was told it was now scheduled for Sunday

Member: 3rd reading or not, doesn’t it become law 15 days after the 2nd reading?

Member: Frank26 said they don’t need a third reading because they are only voting on an amendment and the rest of the bill was already passed

MZ: “Parliament to add amendment clause to next Sunday’s agenda” so this Sunday they do the last reading.

WALKINGSTICK: Not a cashless society at the onset but given time Iraq will be. That is the goal!!