The Prime Minister’s advisor for financial affairs, Mazhar Muhammad Salih, revealed on Tuesday (January 15, 2020) new details about the most prominent offer of the agreement between Iraq and China, indicating that the agreement will focus on implementing infrastructure projects .
Saleh said in a press statement, “The agreement includes the exchange of oil revenues for the implementation of projects in Iraq,” noting that “the Iraqi government opened a credit account in one of the sober Chinese banks to deposit oil revenues of 100,000 barrels per day within the Chinese agreement.”
He added that “this account is spent on companies that implement projects,” noting that “the agreement will focus on infrastructure projects such as schools, hospitals, roads, electricity and sanitation, to be determined through the Ministry of Planning and in coordination with the Council of Ministers.”
Saleh added that “the agreement will provide many job opportunities for the unemployed and give an opportunity to the Iraqi private sector companies, as well as relying on Iraqi products to implement projects such as cement, bricks, sand and others,” noting that “this will create significant economic development in the country.”
And that “the age of the agreement reaches 20 years, stressing that this agreement will revive the infrastructure of Iraq, which has been destroyed for four decades.”
On Sunday (January 12, 2020), the office of the Prime Minister of the caretaker government, Adel Abdul-Mahdi, sent generals to all ministries and governorates regarding the implementation of the Iraqi-Chinese agreement .
A document issued by Abdul-Mahdi’s office obtained by it (Baghdad today) stated that “the execution comes with the aim of following up the Iraqi-Chinese agreement and to update project data or add other projects. ”
She added: “Please provide us with the relevant basic infrastructure projects, with accurate detailed statements, that include the projects of schools, hospitals, roads, bridges, water and sewage services, and any other projects .”
The first deputy speaker of parliament, Hassan Al-Kaabi, had called, on Tuesday (January 7, 2020), the necessity to proceed with the Iraqi-Chinese agreements concluded by the current government in Beijing from now, especially as it provides great opportunities for the reconstruction of Iraq, stressing the cooperation of the legislative and executive authorities to put all measures Related to the agreement into effect, and facilitating the entry of major investment companies into the country