BAGHDAD (Reuters) - The cabinet on Monday approved the draft law on Iraq's accession to the Asian Investment Bank (AIB) agreement.
The Secretariat said in a statement received by "Economy News" a copy of it, "The Council of Ministers approved the draft law on Iraq's accession to the agreement of the Asian Investment Bank for Infrastructure, which came into force on 15/12/2015."
"The council decided to refer the bill to the parliament, based on the provisions of Articles 16 (I and 80 / II) of the Constitution, and the decision to send the request to join the Asian Investment Bank for infrastructure, after completion of the legal procedures stipulated in the Treaty No. 35) for the year 2015 ".
The statement said that "the Council granted in its resolution above a subsequent leave for the signing of the Undersecretary of the Ministry of Finance, a request that includes Iraq's desire to join as an observer of the Asian Investment Bank for infrastructure based on the provisions of Article (6) of the law of treaties.
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The Secretariat said in a statement received by "Economy News" a copy of it, "The Council of Ministers approved the draft law on Iraq's accession to the agreement of the Asian Investment Bank for Infrastructure, which came into force on 15/12/2015."
"The council decided to refer the bill to the parliament, based on the provisions of Articles 16 (I and 80 / II) of the Constitution, and the decision to send the request to join the Asian Investment Bank for infrastructure, after completion of the legal procedures stipulated in the Treaty No. 35) for the year 2015 ".
The statement said that "the Council granted in its resolution above a subsequent leave for the signing of the Undersecretary of the Ministry of Finance, a request that includes Iraq's desire to join as an observer of the Asian Investment Bank for infrastructure based on the provisions of Article (6) of the law of treaties.
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