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"May this be the Last Weekend" - Sat. PM TNT Thoughts/News 4/14/18

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"May this be the Last Weekend" - Sat. PM TNT Thoughts/News 4/14/18

Post by Ssmith on Sun Apr 15, 2018 7:39 am




It looks like Abadi risks losing billions of dollars in loan commitments, by not negotiating with the contractors and investors. As the saying goes, you snooze you lose, and his lackadaisical attitude is going to bite him in the butt, if he doesn't take action soon, and this includes the RV.

i think abadi will keep his promises to his people.... he wants to get re-elected

CNBC: Oil sets another 3-year high, settling at $67.39 and posting 8.6​% weekly gain on geopolitical risk


Source: Iraq will lose financial pledges to donor countries at the Kuwait Conference because ..

Baghdad / Al-Ghad Press

A source at the cabinet said Saturday that Iraq has lost nearly two months of international pledges from donor countries at the Kuwait International Conference on Iraq Reconstruction.

The source said that "the pledges made in the form of loans conditional and soft, has not begun to negotiate, and will lose Iraq soon, because the bulk of the pledges are limited to a period of two or three months," explaining that "loans amounting to about 30 billion dinars "Many of them may not need Iraq to rely on foreign investment, but it will need some of these loans to rebuild the infrastructure in liberated areas at the very least."

He added that "the failure to start negotiations is due to the lack of vision in the committee that led and organized the Kuwait Conference, and preoccupied with the tasks of large can not absorb all of them, the matter of negotiations with contractors, and inspired foreign investors who will come to Baghdad at the end of this month," pointing out that "This will lead to continued deterioration of services in the liberated areas, and the return of displaced persons to their homes in some areas, which are so far abandoned as a result of the great destruction, such as the old city in Mosul."

"Abadi does not seem willing to start negotiations with the contractors before the elections, and he may wait until the new government is formed, which will be at least July, the date that will miss the opportunity for Iraq fully."

Iraq has received pledges of 30 billion dollars for reconstruction, including about three billion grants to international organizations for humanitarian assistance, youth empowerment and facilitation of small projects. link

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