Reconstruction Fund for Affected Areas: Grant and loan funds do not go into our account

The Fund for the Reconstruction of Areas Affected by Terrorist Operations said on Monday that grant and loan funds are not included in its account and that its work is to coordinate between the lenders and the sectoral ministries in identifying the necessary projects, denying its importation to any corporate mechanisms.
The Fund’s management said in a statement that the allocations of the fund, amounting to 500 billion dinars of the federal budget was before the receipt of the functions of the Fund and for 2015 and the budget allocations were not included in the Fund account at all, “indicating that” Dr. Mustafa Al-Hiti received the presidency of the Fund on October 24, 2016 was the end Fiscal year”.
The statement pointed out that “there is no Japanese grant of 250 million dollars to the Reconstruction Fund, and the Fund does not enter the funds of grants or loans, and the work of the Fund is the coordination between the lenders and sectoral ministries in identifying the necessary projects and oversee the work of sectoral ministries that receive the value of the project Of the Ministry of Finance and keep all amounts in the account of the lender to the disposal of the beneficiaries according to the percentage of achievement.
“The German development loan of 500 million euros, equivalent to 550 million US dollars, as well as the World Bank loan of 350 million US dollars, was presented to the Iraqi government and the Fund coordinates this loan with the sectoral ministries. The Kuwaiti grant is $ 100 million The fund was visited by Al-Hitti headed by a delegation from the Fund and the grant allocated to the health sector. The projects were identified with the Kuwaiti side and the funds are supervised by the Kuwait Development Fund and a grant of $ 9 million from China.
He pointed out that “the Fund did not import any mechanisms from any firm or unscrupulous yet so we have asked the Ministry of Commerce / General Company for cars about the possibility of processing and prices and the work was stopped by the letter sent to them after the existence of a mistake in the specifications required,” and demanded that ” “We’ve been told about shutting down companies and relying on other companies to provide this evidence if it’s true. There are not as many donor countries as mentioned, and every grant is credited to the Ministry of Finance.”
The statement stressed that “the work of the Fund is institutional and subject to the administrative laws in force in the management of institutions of the Iraqi state,” pointing out that “on the role of the private sector in construction and reconstruction, the policy of the Fund to go to the private sector is clear with the abolition of the role of government companies, The government is self-financing and that assigning it means assigning thousands of families and this is a duty and a right that will not be relinquished. ”
The statement called on the media to read and listen to the sensitivity and accuracy of performance and express its opinion to the public neutrality without incitement or personal claims.

https://en.economiciraq.com/2017/07/2...o-our-account/