Iraq watching Asian Investment Bank business
Iraq watching Asian Investment Bank business
4/22/2015 0:00
In order to join him in the future
BAGHDAD – Farah pumice
despite Washington and some European countries, fears of a project receives the establishment of an Asian Bank for investment in infrastructure, led by China welcomed internationally, especially by developing countries, but the US Treasury Department confirms that the World Bank reference institution will remain to boost the global economy .
the center of this picture, Iraq take the observer into the work of this bank, which is still under construction, especially as the country needs to directly compete with concessional investments, and the economy is close to the reality of the economies of Asian countries.
The aim of the Asian Investment Bank to support infrastructure projects in Asian countries developing with a focus on energy, electricity and transportation projects, in addition to rural agriculture, water supply, sanitation and environmental protection, as well as development projects and urban logistics.
essential services economist Dr. appearance of Mohammed Saleh said “morning” in this regard: that “Iraq needs investment in infrastructure projects and the provision of essential services. ” Salih noted that joining this development bank needs to contribute to capital, and Iraq is going through an economic crisis for the time being after the drop in oil prices in world markets for adoption class basis to this source as a resource Head to supplement the general budget, to Besides military operations against terrorism which the country witnessed after the events of June last year. It is planned to set up wholly of this bank by the end of 2015, within the expectations of the completion of the final touches on the agreement material (The Articles Of Agreement) and signed by the public financial management system in June Next to enter into force. harmony visions and the expert that there tune in visions with the current trends of the ADB, but Iraq is at the present time to monitor the work of this bank, and how to shape his works and in which direction to determine the interests of Iraq in accordance with the directions belonging By building on the country, from During the outlook for developing countries, and the extent of openness to projects and facilities to be provided, as well as economic impacts, likely Iraq join him in the future. With the establishment of this bank decisions taken grants Geoaguetsadia, but in favor of the view that it would be complementary to the work of the World Bank and its role in the stability of the global economy, especially that multilateral international institution development. and go to work the Bank Asian investment in infrastructure, the Beijing-based in 2014 with a capital of $ 50 billion, with total authorized capital of $ 100 billion, has joined him almost all Asian countries, in addition to most of the major countries outside Asia except the United States, Japan and Canada, as has been rejected North Korea’s and Taiwan’s accession requests are founding members prospective. and reliable specialists and observers Economists on Iraq’s accession to the bank, which is a “big step” toward development, out of concern for the construction of the country and prosperity replenish Services infrastructure provided to citizens.
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