Bondlady’s Corner Thursday PM

  In Bondlady’s Corner 

TLM724 Administrator BondLady’s Corner

Economist: Iraq may get half a trillion dollars annually if it is linked to the Silk Road

economic    Last update 01/26/2022 | 6:42 pm  information / special   Economic analyst Younis Al-Kaabi said, on Wednesday, that if Iraq agreed to the Silk Road project, it would generate revenues of more than $500 billion annually, while referring to the project, which would revive the entire economic aspect of the country

Al-Kaabi told the agency, “Information”, that “the initiative put forward by China, which includes more than 64 countries, is not just a transportation road project, but a package of important economic projects such as transportation, tourism, and the establishment of industries and oil and industrial facilities,” noting tha

“the project also includes the construction of roads.” Fast, ports and transportation lines shorten the long sea routes that are now used by global maritime trade.”

He added, “Iraq has not yet taken a decision about its approval of the Silk Road project. If approved, it will not bear any costs related to the project, but the entire initiative will bear China’s high costs,” noting that


“the volume of investment in the project is currently approximately $500 billion, and it is possible that Iraq’s revenues from revenues through transit will be much more than this number, because most of global trade will pass through Iraq.”


Al-Kaabi explained, “The revenues of the Silk Road will be the first and main axis that enters Iraq, followed by oil, meaning that it will reduce its dependence on the oil side only,” stressing that


“the project will revive the entire economic aspect of the country and even the country’s infrastructure will change to be compatible with China’s standards for the establishment of this road.” Global”.


The analyst concluded by saying, “China will try to transfer its industries and establish new industries to the countries that participate in this initiative to shorten costs and be at preferential prices, and  thus provide many job opportunities in establishing this road and in the industries that follow it.”


Al-Kazemi’s Advisor Comments On The Difference Of Views On The Silk Road


Political     Yesterday, 13:05  Baghdad-conscious-Nassar Al-Hajj  Today, Tuesday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed the details of the cooperation framework agreement between Iraq and China and the issue of the Silk Road, while


stressing that the construction of the Faw port with its strategic shape as a corridor between Asia and Europe is an important starting point for the philosophy of linking China with the world strategically from the point of view of some economic schools in Iraq .


Saleh said in a statement to the Iraqi News Agency (INA): “The viewpoint within Iraqi schools in development and political economy differs between two directions on the issue of interpreting or adopting the Silk Road through the initiative launched by Chinese President Xiang Peng in 2013 to find lines of cooperation, trade and investment with The countries that formed the ancient Chinese land and sea trade routes to the Mediterranean and Africa on the one hand, and Europe on the other hand, return the “cooperation agreement with China and the perceptions of linking the port of Faw between China and the world as an important starting point in the interpretations of the first school.


He added, “The cooperation framework agreement may be among the hypothetical pillars of that school, which requires the development of the Faw port within the Belt and Road Initiative, and the consequent support and technical cooperation activities provided by China in the reconstruction and investment in FAO and other regions of Iraq, especially infrastructure such as railways, roads and industrial cities. and others”.


Saleh added, “On the other hand, there is a liberal school of development and political economy that sees in this project mere involvement in an anti-Western movement and that it falls within the circle of conflict between Britain and America on the one hand, and China on the other hand in controlling the sea ports in the world,


and it is an expression of China’s penetration in Expansion in the world as a rising superpower through these strategic methods and means of expansion in sea lines, corridors and different continents, pointing out that “in all cases, there is an ideological conflict between two schools for and against the Silk Road.”–.html


Transparency International: Kurdistan Is One Of The Most Corrupt Regions In The World


Politician    01/25/2022 | 7:19 pm  Information/translation.   Transparency International issued its annual report, today, Tuesday, and Iraq’s performance was weak again, as Iraq ranked tenth among the most corrupt countries in the world along with Zimbabwe, Cambodia and Honduras, with a score of 23 out of 100.


And the iCord Daily website quoted in a report translated by the agency “Information” that “in 2021, Iraq improved by two points in the index, as it rose by three places from the bottom of the graph, but despite this improvement,


Iraq is still much lower than the global average of 43 and is considered One of the most corrupt countries in the world.”


He added, “The Kurdistan region of Iraq is considered one of the most corrupt regions of Iraq.


According to Kurdish lawmakers and leaked documents, billions of dollars are lost every year in oil revenues in Iraqi Kurdistan.


He added, “The Kurdistan Democratic Party of the Barzani clan and the Patriotic Union of Kurdistan affiliated with the Talabani family have controlled the region for decades, and both families are routinely accused of corruption, and according to local and international analysts and observers,


the lack of oversight mechanisms in Iraqi Kurdistan makes it a paradise for illegal financial activities by Kurdish leaders.” rulers.”


He explained that critics and observers “routinely accuse the ruling Barzani clan in Iraqi Kurdistan of greed and of amassing huge wealth from the oil trade to the family rather than serving the population,


while the leader of the Kurdistan Democratic Party and the head of the Barzani clan, Massoud Barzani, remains the most powerful leader in the shadows according to analysts.”


Masrour, the son of Massoud, is the prime minister of the Kurdistan region, and his nephew, Nechirvan Barzani, is the president of the Kurdistan region.


The report indicated that “the Barzanis and the Taliban control a large number of commercial enterprises in Iraqi Kurdistan and many oil fields throughout the region, with a total value of several billion US dollars.” finished/ 25



Observers: Anti-Corruption Measures Contributed To Iraq’s Progress In Global Indicators


Investigations and Reports    Today, 19:48  Baghdad – INA – Nassar Al-Hajj


Observers and stakeholders praised the government’s measures in the field of combating corruption, stressing that it contributed to Iraq’s progression two degrees in global indicators, while calling for the application of the Financial Management Law and the adoption of the electronic governance approach to reduce corruption.


The former head of the Integrity Commission, Musa Faraj, said, in a statement to the Iraqi News Agency (INA), that “there are two important aspects related to Transparency International’s report for the year 2021 on Iraq’s progress in two degrees in the fight against corruption.


The first is that the organization is concerned with examining the environment of corruption and not the extent of corruption, If asked about the extent of corruption in each country, this needs agencies such as the Financial Oversight and Integrity Commission, and all countries of the world do not have this possibility, so the reports are not concerned with the extent of corruption, but with the environment to combat it.


He added, “The anti-corruption environment is achieved by political stability, rule of law, independence of the judiciary, as well as the presence of anti-corruption agencies such as an independent and effective integrity commission, civil society participation and transparency, as any citizen or party has the right to obtain information from state agencies, in addition to To other factors such as the integrity of the judiciary and freedom of the media.


He explained, “The second aspect is Transparency International’s data, which is called an impressionistic estimate, not a sensory one that depends on the documents and data contained therein,” noting that “the organization does not have the right or the ability to access documents related to corruption in every country in the world.”


He pointed out, “The organization adopts impressionistic information such as the issue of poverty, as it measures poverty rates in Iraq, through the announced data, as well as the estimates of international bodies such as the World Bank, in addition to the issue of electricity and its status in Iraq is measured through local data and international bodies.”


The same applies to the education, health and other sectors.


He continued, “It also depends on public opinion polls inside and outside the country concerned, by sending survey data to companies that implement projects in the country, in order to reach the near reality and the situation of corruption in that country.”


Governmental Steps


In turn, a member of the United Nations Convention Against Corruption coalition, Muhammad Rahim Al-Rubaie, said that “during the past two days, an annual report for the year 2021 was issued to Transparency International, where this indicator showed Iraq’s progress.”


He added, “This progress was positively reflected on the hierarchical evaluation, as Iraq advanced to the 157th place after it was 159,” noting that “the steps taken by the current regulatory and governmental authorities in combating corruption contributed to Iraq’s progress by two points.”


He explained, “Iraq has ratified the adoption of the National Anti-Corruption Strategy for the years 2021-2024, and it also needs to implement the Financial Management Law No. 6 of 2016, especially the tenth chapter called Transparency for Articles 51 to 54, which stipulates the need to publish the financial statements of all state institutions on their websites.


E-governance and pointed out that “the application of these procedures, the adoption of the e-governance approach and the completion of the necessary transactions electronically needed by the citizen will reduce corruption and contribute to raising Iraq’s assessment on these indicators.”


In addition, the expert in the field of anti-corruption, Saeed Moussa, indicated that “Iraq scored 23 points according to the Corruption Perceptions Index for the year 2021,” noting that  “this leap forward is important because the Arab region is a stagnation area in anti-corruption measures.”


In his speech to the Iraqi News Agency (INA), Moussa explained that “in order to work on Iraq’s progress in indicators, we need to reform the political system and assign competence, integrity and experience in the public service, whether leadership or lower grades, to consolidate the rule of law and law enforcement, and to create a rational administration in accordance with Standards in managing and referring contracts, tenders and purchases based on the principle of competition between companies.


He pointed out that “Iraq launched a national strategy to combat corruption, which included mechanisms for analyzing the environment, knowing sectoral risks and developing solutions to them by adopting prevention, reform and deterrence.”


Tackling Corruption


For his part, economic expert Hamza Al-Jawahiri told the Iraqi News Agency (INA), “Corruption is the basis of the intractable problems in Iraq, whether they are in the sectors of electricity, water, health, education, housing, etc., where all work sectors in Iraq suffer from crises and are very backward,” noting.


“Tackling corruption lies in eliminating quotas and consensus, meaning that major jobs, from a minister or below, even to the prime minister, should not be from parties.”


And he continued, “People must be chosen for jobs on professional bases, because the professional person will have better work than the emergency person,” adding:


“The professional person also fears the pressures imposed on him by corrupt parties because he does not have a party to defend him, which makes him Create more and produce more.


On August 30, 2020, Prime Minister Mustafa Al-Kazemi formed a higher investigation committee into major corruption and criminal crimes, headed by Lieutenant-General Ahmed Abu Ragheef, linked to the Office of the Commander in Chief of the Armed Forces, to investigate major corruption and criminal crimes.


And Prime Minister Mustafa Al-Kazemi confirmed during the conference to recover the stolen funds last September, that the Anti-Corruption Committee had disclosed files that had not been disclosed 17 years ago.


The committee executed arrest warrants against former and current officials, including the director general of the State Iron and Steel General Establishment, Abbas Hayaal, as well as the director general of the Iraqi Cement Company, Ali Saleh Mahdi, while it directed to freeze the work of 8 general managers in the Ministry of Industry, and to prevent their travel until the investigation and scrutiny of the charges are completed. for them.


And it arrested Qassem Hammoud Mansour, general manager of the General Company for Food Stuff Trading, on corruption charges, and the former director of the Key Card Company, Bahaa Abdul-Hussein Abdul Hadi, and recovered more than 13 billion dinars from the value of Al-Rasheed Bank’s profit dues for the years 2014 upwards.


The committee arrested the Director General of Investment in the Ministry of Electricity, Raad Muhammad, according to an arrest warrant issued in accordance with Article 310 of the Penal Code related to corruption and bribery.


Based on the committee’s investigations, the former director of the National Pension Agency, the accused (Ahmed Abdel-Jalil Al-Saadi) was arrested in accordance with the provisions of Resolution 160 of 1983) on charges of corruption and taking bribes.–.html


Punitive Measures Against Those Who Pay Royalties In The Streets, And Baghdad Police Send A Message To Citizens


Investigations and Reports    Today, 13:01  Baghdad – conscious – Nassar al-Hajj  After the demands of the competent authorities to reduce the imposition of royalties on vehicles parked next to public roads, the Baghdad Police Command issued directives to those who do so, and while it warned them of legal penalties up to imprisonment, it sent a message to the citizens.


Baghdad Police Media Director, Lt. Col. Aziz Nasser, told the Iraqi News Agency (INA), that “there are some people who impose royalties and rents on wheels parked on the side of the road in areas of Baghdad, especially in the Karrada and Mansour areas,” noting that “the Baghdad police chief directed detachments.” The police deployed throughout the capital are arresting these people.”


He added, “A large number of these were arrested by judicial order and legal measures were taken against them,” noting that “this case requires concerted security efforts.”


He stressed, “the importance of the citizen’s failure to cooperate with these people and to report their whereabouts, as this issue needs to be proven,” sending a message to the citizens by saying:


“It is possible to report to anyone who imposes royalties of up to three or five thousand on the wages of stopping one wheel in the streets in front of restaurants”.


Nasser called “restaurant owners not to exploit citizens because this is state-owned land, and the citizen has the right to park his car without interfering with him and taking money from him,” explaining,


“The security forces are responsible for this issue and the security file, as they decide the security determinants of parking.” wheels or not.


Nasser addressed “the royalties to leave this,” warning them of “severe legal measures in the event of their arrest.”


While the security expert, Fadel Abu Argheef, confirmed to the Iraqi News Agency (INA) that “imposing royalties on parked wheels are immoral and abnormal practices,” noting that “there are supervisory authorities that are responsible for controlling the pace of these behaviors.”


He added, “The Directorate of Interior Affairs set up ambushes more than once and was able to arrest some of those who tempted himself to take these royalties,” explaining,


“The intelligence services are moving forward to dismantle this matter, as for rents illegally, if they are inside the capital.”


It is adopted by the Baghdad Municipality, and if it is outside the capital, the security services will adopt it.”


And he indicated, “Such practices, even if they are committed, the perpetrators will fall into the traps of the security and control agencies,” noting that “things are going in this line.”


While security expert Ahmed Al-Sharifi told the Iraqi News Agency (INA), that “imposing royalties on the streets is related to the Ministry of Transport, Roads and Communications, in addition to the Ministry of the Interior having a role in this matter,” stressing the need “that there be garages and starting points for the Ministry of Transport controlled by Before the ministry so that there is an improvement in performance and filling the gaps.”


He added, “The Ministry of Interior has a role in this extortion, which is a threat to the safety of land transportation, which is part of maintaining the safety of the home front,” explaining that “the Ministry of Interior must find solutions to the issue of extortion in the streets and imposing royalties on cars parked next to the road.”–.html

To read more current and reliable Iraqi news please visit BondLady’s Corner:

Tags: , /