Thursday, July 3, 2025
ACCELERATING THE COMPLETION OF FINANCING AND DISBURSEMENT PROCEDURES FOR INVESTMENT PROJECTS… AL-SUDANI DIRECTS
ACCELERATING THE COMPLETION OF FINANCING AND DISBURSEMENT PROCEDURES FOR INVESTMENT PROJECTS… AL-SUDANI DIRECTS
To the Ministries of Finance and Planning
Prime Minister Mohammed Shia al-Sudani directed the completion of financing and disbursement procedures for investment projects on Tuesday during a meeting to approve the ministries’ investment project dues schedules.
Prime Minister Mohammed Shia al-Sudani chaired a meeting on Tuesday to approve the schedules of dues for investment projects for ministries.
The meeting reviewed the basic details of the projects, where the final schedule for the launch of (2) trillion dinars was approved to cover the investment plan projects of the ministries in accordance with the relevant Cabinet decision, which was issued in the twenty-second session of this year, noting that (1.4) trillion dinars were launched for investment projects in the governorates, and the Prime Minister directed the Ministries of Finance and Planning to expedite the financing and disbursement procedures.
This step confirms the government’s commitment to completing its service projects, which will see accelerated implementation and completion, based on the government’s program to develop productive investment, service, and economic sectors to provide services to citizens.
STATUS OF THE RV . PART 3 BY MNT GOAT
STATUS OF THE RV . PART 3
What else is in the news…..
There are many interesting topics on the fight to get the budget tables over to parliament. The finance committee told the news media this could happen in July.Oh boy… haven’t we heard this before?…..
You might want to take peak at the following articles on this topic titled “MP SUES GOVERNMENT OVER DELAY IN SENDING BUDGET TABLES TO PARLIAMENT” and “THREE REASONS IDENTIFIED…THE PARLIAMENTARY FINANCE COMMITTEE RULES OUT SENDING BUDGET TABLES TO PARLIAMENT”.
So, in attempting to understand this budget dilemma, they have now told us officially what the reasons are for the delay. Hussein Mounes, a member of the Iraqi Parliament’s Finance Committee, told us that there are several reasons for the government’s exclusion from sending the federal budget schedules to parliament :
1.most notably the financial deficit,
2.unstable financial revenues,
3.the lack of a real economic vision, and
4.the approaching date of the legislative elections,
It is easy understand the first two reasons however the last two are all political. Why is the budget so important? Really now its not so important for our purposes of the RV. If anything having the budget come out on time will add to the needed stability of Iraq in the eyes of the IMF and the World Bank.
INTEGRITY: IRAQ JOINS BEIJING’S CLEAN SILK ROAD INITIATIVE
INTEGRITY: IRAQ JOINS BEIJING’S CLEAN SILK ROAD INITIATIVE
The Federal Integrity Commission announced, on Tuesday (June 24, 2025), Iraq’s accession to the “Beijing Clean Silk Road Initiative,” indicating that this comes in implementation of Article (3/6) of the Memorandum of Understanding concluded between the Commission and the National Oversight Commission of the People’s Republic of China.
In a statement received by Mawazine News, the Commission stated that “the cooperation and coordination between the Commission and the Embassy of the People’s Republic of China in Baghdad culminated in joining the initiative after completing the procedures,” explaining that this will contribute to strengthening international relations and highlighting the Commission’s efforts,
endeavors, activities, and achievements in the field of combating corruption. It noted the confirmation of the National Oversight Commission of the People’s Republic of China of its readiness to enhance cooperation and joint work with the Commission in the field of combating corruption and law enforcement, to build a Clean Silk Road.
She noted the Commission’s welcome and announcement that Iraq has become the eighteenth country to join the initiative, which aims to enhance transparency, financial and intellectual cooperation, develop governance and laws, and promote oversight and legal awareness. It also aims to establish a closer network for cooperation in the field of justice and law enforcement, exchange expertise and information, develop human resources, pursue fugitives, and reject safe havens for fugitives and illicit assets.
The Commission added that the initiative calls for the signing of bilateral treaties on extradition and mutual legal assistance, based on international agreements, and the exchange of information and expertise between relevant anti-corruption agencies. It also calls for launching highly effective anti-corruption cooperation, promoting self-discipline, legal awareness, and a sense of responsibility, and enacting laws to combat corruption and combat bribery, with the aim of creating a sound relationship between governments and companies.
STATUS OF THE RV. PART 4 BY MNT GOAT
STATUS OF THE RV. PART 4
😊 Let us keep in mind the ongoing initiatives of Iraq. In the article titled “INTEGRITY: IRAQ JOINS BEIJING’S CLEAN SILK ROAD INITIATIVE”
We learn that the Federal Integrity Commission announced, on Tuesday (June 24, 2025), Iraq’s accession to the “Beijing Clean Silk Road Initiative,”. This is all good news as China will bring capital into Iraq to kick start these industrial cities they keep talking about. Yes, it all takes money.
Then we also learn in article titled “AL-SUDANI: “MADE IN IRAQ” IS A NATIONAL PROJECT WE ARE COUNTING ON.” That Prime Minister Mohammed Shia al-Sudani inaugurated, on last Wednesday, the Construction Cooperation Center (Construction Basket), which was implemented by the General Company for Construction Materials Trade at the Ministry of Trade, in partnership with the private sector.
They will need materials to build these industrial cities as well as housing and other establishments to support them. We have heard so much talk already about these cities and now we hear yet more emphasis from the government on them. Yes, they are counting on this initiative to move then ahead in the private sector and get off the “rentier” economy of 90% solely based oil revenues.
As investors we must stay focused. We can look at the Iranian / Israel conflict as holding things up, but for Iraq they keep trucking on and on.
Al-Sudani stays focused on the objectives. Why? He knows that the SECRET to success is these industrial cities. He must get his country off the “rentier” economy.
☹So, they are plowing ahead in spite of the issues with Iran. It is the U.S. that manipulates Iraq as they need certain behavior from Iraq during this time of conflict.
Did you read the article titled “SWIFT: WASHINGTON’S WEAPON FOR BLACKMAILING COUNTRIES AND STRANGLING IRAQ”
It says economic expert, Faleh Al-Zubaidi, confirmed last Saturday, that the United States of America is using the global financial transfer system “SWIFT” as a tool for economic pressure on countries that do not align with its interests.
WOW! Did you read this statement?
He pointed out that Iraq has become one of the countries subjected to such pressures aimed at pushing Washington’s agendas in the region.
Al-Zubaidi told Al-Maalouma, “SWIFT is an international financial network used to transfer funds between banks around the world.
It is effectively subject to direct American control, which makes it a political tool in Washington’s hands to punish governments that reject its policies.”
So, do you still dispute that it is the U.S. holding back the RV. Just saying…..
So, tell me again that it is not the U.S. holding back Iraq from FOREX… go ahead tell me….!!!!! Oh…the CBI has the power to RV anytime they want, so they say.
Really? Did you read today’s articles or just listening to you fancy-pants intel guru? ☹
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