Iraq and the European Union sign a financial reform agreement worth 15.4 million euros

Iraq and the European Union sign a financial reform agreement worth 15.4 million euros

2018/4/18 13:08

Iraq and the European Union sign a financial reform agreement worth 15.4 million eurosIraq and the European Union on Wednesday signed an agreement on financial reform in Iraq at a cost of 15.6 million euros to strengthen the regulatory institutions and develop the public financial management in Iraq. The agreement was signed by the Iraqi Minister of Planning Salman Jumaili and the European side by the Ambassador of the Union Europe’s ambassador to Iraq, Ramon Blakeau and World Bank representative Emmanuel Coville.
“The signing of this agreement is the first outcome of the Kuwait conference, which is being formally realized. We have signed with the European Union an agreement on the program to strengthen supervision of public financial management and strengthen accountability institutions,” Jumaili said at a press conference following the signing of the agreement.
“This program is a complement to a package of programs that the EU has been looking at for years on governance in sound financial management,” he said.
Jumaili explained that “these programs are related to the promotion of the discourse of tolerance and the media, including education, as well as programs related to the development of local administrations and strengthen the potential of the Ministry of Justice and the Interior in the management of governance.” “This is the first of these programs,” he said,
adding that “there is a set of previous programs for this program which falls within the framework of the cooperation agreement with the European Union.
Stressing that “continue to follow the outputs of the Kuwait Conference,” revealing “the formation of a national team and the pioneer countries that have made or expressed their willingness, both in the field of grants or loans or investments during the Kuwait Conference, we have received answers from more than ten countries so far and we are waiting for answers from countries Other confirm these commitments formally. ”
OAC Jumaili that “the Ministry of Planning and in the reconstruction of Iraq Fund fully prepared to implement or cooperate with these commitments in order to translate into reality through which we can rebuild in the liberated areas and in all the provinces of Iraq.”
He noted , “We are pleased with this constructive international cooperation , which is visible from the international community, which The Iraqi government continues to cooperate with all the international bodies that are willing Yum support for Iraq. ”
For his part, said Ambassador of the European Union in Iraq, Ramon Belkoa, “This agreement is the first fruits of the Kuwait conference,” noting that “this is very important because it will have an important relationship to the reconstruction and economic and political reform, which is pledged by the European Union, Especially in the fight against corruption, as well as accounting and providing better services. This is the focus of this program. ”
“Coordination with donors who will provide grants to Iraq, as well as using resources better, will be a priority for this program,” he said.
“Iraq is a rich country, but it needs a better management of resources. What is more important is accountability and fighting corruption,” he said. “This is important and the EU will always stand with Iraq in its challenges.”
Blakewa said that “after getting rid of the dashing, Iraq will have the greatest challenge and the process of building for a better future.”
The European Union and the World Bank will participate in the implementation of this agreement, which will complement the World Bank’s 41.5 million dollars program launched in 2017 as the modernization of public financial management systems.

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