An updated contribution regarding the Stand By Agreement finalized in favour of Iraq
On the 19th of May , during a meeting in Amman between the Iraqi Finance Minister Hashyar Zebari and some representatives of the International Monetary Fund (IMF), both parties have reached significant agreements regarding the new financial aids that Iraq will receive in the next three years. In this context, the negotiations led to successfully agree […]
Read moreIraq and oil
According to the latest “Oil Market report” of the International Energy Agency (IEA), after the terrible fall of the oil price recorded in 2015 and at the beginning of the current year, the oil market seems to have reached a new equilibrium. Indeed, the analysts expected for the first semester of 2016 a progressive rebalancing […]
Read moreThe battle of Fallujah: an important testing ground.
In the last weeks the Iraqi military forces – with the support of several units of the Popular Mobilization Forces (PMF) and the collaboration of Sunni armed groups – started the operation “Breaking Terrorism” to free Fallujah, one of the biggest cities of the governorate of the Anbar, held by the militants of the self-proclaimed Islamic State […]
Read moreItaly donates one million euros for supporting ICRC and UNHCR facing the humanitarian crisis in Fallujah
The Italian Cooperation supports the international efforts in facing the humanitarian crisis in Fallujah through two multilateral contributions for a total amount of one million euros to endorse the activities of the International Red Cross Committee (ICRC) and the United Nations High Commissioner for Refugees (UNHCR). According to the latest UN’s reports, almost 90.000 people […]
Read moreThe Seventh Anniversary of the Italian Republic
On the second of June the Embassy of Italy in Baghdad celebrated the seventieth anniversary of the Italian Republic with the usual party at the Embassy, attended joint by many important personalities from the diplomatic delegations located in Baghdad, from the Iraqi Government and from the headquarters of the military troops present here. In this […]
Read moreThe Italian Government confirms its efforts to the stabilization of many areas recentely freed from the self-proclaimed Islamic State
The Italian Republic is contributing an additional US$4.91 million (€4.5 million) to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This follows a contribution of $2.72 million (€2.5 million) in December 2015, and brings the total funds channeled through […]
Read moreThe International Monetary Fund is setting a Stand By Agreement to help Iraq to face the financial and economic crisis
The Iraqi authorities and the staff of the International Monetary Fund (IMF) have reached a staff-level agreement on a request for a 36-month Stand-By Arrangement (SBA). Under the arrangement, and subject to the approval of the IMF executive board, Iraq could have access to IMF credit amounting to SDR 3.894 billion (about US$5.4 billion) subject […]
Read moreThe Italian Minister of Defense Roberta Pinotti visits Iraq.
On the 9th and 10th of May the Italian Minister of Defense, Roberta Pinotti, with the Chief of Defense , General Claudio Graziano, have been visiting Iraq to meet several important authorities both in Baghdad and in the Kurdistan Region. In Baghdad, Minister Pinotti met the Iraqi Prime Minister Haider Al-Abadi and discussed about fundamental […]
Read moreIraq humanitarian crisis is worsening every day more. Fallujah is the perfect example of the human tragedy Iraqis are facing.
The humanitarian crisis in Iraq worsens every day more. In the last few months, as stated in the latest reports from OCHA, WFP and other UN’s agencies, Iraqi conditions in the areas hit by the Islamic State are worryingly getting worse. From the beginning of March more than 80.000 people had to leave their homes, […]
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