The commander of the Wagner military group opened fire on the Russian army, whose forces are fighting alongside it in Ukraine, accusing it of bombing his group’s positions and inflicting heavy losses. In press statements Friday, Yevgeny Prigogen called on the Russian people to take up arms against the army, attacking Russia’s defense minister, Sergei Shoigu, and said he would hang out in Red Square and be buried in the shrine with Lenin. Prigogen said the Kremlin’s justifications for invading Ukraine were based on lies from the jurisprudence of its eternal opponents in the army command. “Attenting our camps with a rocket attack, according to witnesses, the strike was from behind any of the Russian forces,” he added. Promised revenge on the Russian military, Prigogen said he had 25,000 fighters on Russian soil, but what he was doing was not a military coup attempt, but an attempt to correct the situation. The Wagner commander attacked Russian Defense Minister Sergei Shoigu, saying he had given orders to bomb his forces, adding that Shoigu had ordered the disappearance of 2,000 bodies of Wagner fighters in a morgue.
Negatory and lawsuit The Russian response, in turn, was not long overdue, as the Defense Ministry issued a statement in which it categorically denied the Wagner leader’s claims. The ministry said it had not bombed any Wagner site, and that the group leader was trying to broadcast the rumors for certain purposes. In a brief statement, the Kremlin said that the country’s President Vladimir Putin is aware of developments regarding the Wagner leader and all necessary measures are being taken. Russian prosecutors announced that a case had been filed against the Wagner leader after inciting an armed insurrection, while the CTC said it had filed a criminal case against the Wagner leader for the same reason. For months, Prigogen has accused Defense Minister Sergei Shoigu and Chief of General Staff Valery Gerasimov of incompetence in their positions.
Shafaq News / The Ministry of Finance and Economy of the Kurdistan Regional Government announced, on Friday, the salary distribution schedule for employees for May.
According to the schedule announced by the ministry, the process of distributing employees’ salaries will start on the 24th of this month and end on the 27th of the same month.
The ministry announced yesterday that the process of distributing employees’ salaries for the month of May will end before Eid al-Adha.
On Friday, a summit for a “new global financial compact” hosted by Paris for two days concluded with the achievement of some initiatives towards poor countries, but without achieving the desired significant progress to reorient the global financial system in the service of the climate.
Global leaders gathered at the summit said multilateral development banks are expected to increase lending by $200 billion by managing their balance sheets more tightly and taking on more risk.
Many of the 40 leaders gathered in Paris expressed concerns that the Bank and the IMF are increasingly aging their business models in the face of challenges such as climate change and debt burdens in poor countries after the COVID-19 pandemic.
“We expect a total increase of $200 billion in the lending capacity of multilateral development banks over the next decade by improving their balance sheets and taking on more risk,” the summit statement obtained by Reuters said.
“If these reforms are implemented, the MDBs may need additional capital,” the statement said.
The United States is the largest contributor to the IMF and the World Bank.
At the end of the summit, French President Emmanuel Macron announced “total consensus” on a “deep overhaul” of the global financial system.
Macron gathered again on Friday about forty heads of state and government, including Brazilian President Luiz Inácio Lula da Silva and Saudi Crown Prince Mohammed bin Salman, in a meeting that was supposed to translate into reality the proposals emanating from the last COP27 climate conference held last November in Egypt, ahead of the next conference expected at the end of the year in the UAE.
Some announcements were made at the meeting at the Palais Bruniard, the former seat of the Paris Stock Exchange, which was considered unfavorable by many participants in terms of its location and narrowness.
In this context, the World Bank intends to include a new clause in its agreements with the most vulnerable countries, providing for a suspension of debt repayments in the event of a disaster.
“New production using old”
Barbados Prime Minister Mia Motley has been pushing for months to amend the financial regulations to include a similar provision.
In an interview with AFP on Thursday eveningahead of a huge climate music show in front of the Eiffel Tower, she said: “It’s a good day, because almost everyone agreed that the terms of the natural disaster were right.”
However, the International Climate Action Network criticized the summit of “produced new using old” and criticized the idea of suspending payments “instead of total debt cancellation.”
Macron, who wants progress on the issue, told a meeting of the International Maritime Organization (IMO) soon: “We support an international tax on shipping because it is a non-taxable sector.”
But this thorny issue is still far from achieving consensus: “If China, the United States and a number of key European countries that also have big companies do not join us, then we will impose a tax without effect,” Macron said.
Brazilian President Luiz Inácio Lula da Silva lamented in a long speech the international community’s inaction in combating climate change and reducing social inequalities, while also criticizing Western protectionism.
He strongly blamed international financial institutions, stressing that “the rich remain rich and the poor remain poor.”
At the summit, rich countries finalized a delayed $100 billion climate finance pledge for developing countries and set up a biodiversity and forest protection fund.
The $100 billion pledge falls far short of the actual needs of poor countries, but has become emblematic of the failure of rich countries to make financial pledges to fight climate change.
This has caused distrust in broader climate negotiations among countries trying to step up measures to reduce carbon dioxide emissions.
“Binding decisions”
The summit made progress in some areas on Thursday, with rich countries promising $2.5 billion to Senegal to help it reduce its dependence on fossil energies, Zambia’s debt will be reduced, and the International Monetary Fund plans to increase its financing to poor countries by $<> billion.
However, Harjit Singh of the Climate Action Network said the summit’s ambitions “are too much based on private investment and give multilateral development banks an exaggerated role”, saying that “this means ignoring the central role that public finances should play”.
Today, Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the most important tasks of the Finance and Business Center in Iraq, while confirming that it will be a place for the activities of selling and trading governmental and private securities, similar to what exists in the world.
Saleh said, in a statement to the official (fourth) agency, that “the importance of establishing the financial center in Iraq announced by the Central Bank of Iraq lies in the scope of the country’s financial and banking development strategy and a new start in the importance of establishing and building a spatial or geographical location in which the financial operations in which it contributes are concentrated.” A wide spectrum of institutions participating in financial activity in our country, in which their business is integrated and interconnected in their inputs and outputs, specifically banking business and management of various financial assets and assets, and non-banking financial sector business such as insurance and reinsurance companies, financial investment funds, hedges and various logistical businesses that support financial market activity, i.e. In both its parts (banking and non-banking), it is supported at the same time by various financial intermediation businesses that will use ultra-modern financial technologies.
He added, “The aforementioned center will be a place for the activities of selling and trading governmental and private securities, whether stocks as property instruments or bonds as debt instruments, whether those are listed in the Iraq Stock Exchange and not, in addition to various clearing operations and the general activities of the primary and secondary financial markets as issuing and trading bodies.” Securities.
And Saleh continued, “The financial center includes consulting offices such as the offices of accounting and auditing companies, related legal offices, and credit rating agencies,” noting that “in this way, the financial center is an integrated complex of services and a geographical spot that enables dealers to have direct access to large capital pools.” At the forefront of which are local and international banks, insurance companies, investment funds and the capital market.
And he indicated that “the financial center is an important site in conducting transactions related to modern financial engineering, such as (financial securitization) operations and other management of financial derivatives and their modern tools, in addition to tax regulation work for them.”
He stressed, “The financial instruments approved in the world’s financial markets will find their correct and legal birth in the financial center of Iraq, similar to the financial centers in the world such as Dubai, Singapore and Shanghai, and many of them are in international cities in London, Frankfurt, New York and others. “
Yesterday, Wednesday, the Central Bank of Iraq organized a dialogue educational workshop for the employees of the Central Bank of Iraq and managers of administrative departments. The Director of Human Resources Affairs, Dr. Falah Salim, and the Director of the Development and TrainingDepartment, Mr. Nizar Al-Khalidi. The lecturers emphasized the interest in human resources and their repercussions on the performance of the Central Bank of Iraq. The workshop dealt with ways to raise the employee to the highest levels through development, training and participation in conferences inside and outside the country, and it was emphasized that the employee represents the true image and facade of this ancient institution.
The Central Bank of Iraq, Media Office, June 22, 2023
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