Iraq joins the Asian Investment Bank's Infrastructure Agreement

Economy News _ Baghdad

 BAGHDAD (Reuters) - The cabinet on Monday approved the draft law on Iraq's accession to the Asian Investment Bank (AIB) agreement.

The Secretariat said in a statement received by "Economy News" a copy of it, "The Council of Ministers approved the draft law on Iraq's accession to the agreement of the Asian Investment Bank for Infrastructure, which came into force on 15/12/2015."

"The council decided to refer the bill to the parliament, based on the provisions of Articles 16 (I and 80 / II) of the Constitution, and the decision to send the request to join the Asian Investment Bank for infrastructure, after completion of the legal procedures stipulated in the Treaty No. 35) for the year 2015 ".

The statement said that "the Council granted in its resolution above a subsequent leave for the signing of the Undersecretary of the Ministry of Finance, a request that includes Iraq's desire to join as an observer of the Asian Investment Bank for infrastructure based on the provisions of Article (6) of the law of treaties.


http://economy-news.net/content.php?id=12412

Cabinet approves bill on rehabilitation of infrastructure

Cabinet approves bill on infrastructure rehabilitation

In the economy of May 21, 2018

Comments on the Cabinet approves a bill on the rehabilitation of closed infrastructure


BAGHDAD (Reuters) - The General Secretariat of the Council of Ministers announced on Monday the transfer of the draft law on Iraq's accession to the Asian Investment Bank's Infrastructure Agreement and the granting of the Ministry of Finance permission to accede to the agreement.

"The Council of Ministers approved the draft law of accession of the Republic of Iraq to the Asian Investment Bank's Infrastructure Agreement, which entered into force on 15/12/2015," the secretariat said in a statement obtained by SNG.

"The council decided to refer the bill to the House of Representatives, based on the provisions of Articles 16 (I and 80 / II) of the Constitution, and the decision to send the request to join the Asian Investment Bank for infrastructure, after completion of the legal procedures stipulated in the Treaty No. 35) for the year 2015 ".

"The Council granted, in its resolution above, a subsequent authorization for the signature of the Undersecretary of the Ministry of Finance, requesting that Iraq wish to join as an observer of the Asian Investment Bank for Infrastructure based on the provisions of Article (6) of the said treaty law."

She pointed out that "the approval of the Council comes to build and rehabilitate the infrastructure in the country and diversify sources of funding and for Iraq to enter the agreement of the Asian Investment Bank for infrastructure."

http://sngiq.net/wordpress/?p=132790