Quarter-trillion dollar project advances after Washington visit
A meeting of the Coordination Framework forces discussed efforts by Iraqi Prime Minister Ali Faleh Al-Zaidy in reshaping his government in Baghdad. They agreed to give the green light to complete the cabinet through dialogue with political blocs and armed factions, with an emphasis on selecting candidates for key ministerial posts, especially the Interior Ministry, following a visit to Washington. Al-Zaidy also announced intentions to establish a sovereign development fund with capital reaching approximately a quarter of a trillion dollars, supported by Gulf countries. The fund aims to create jobs and improve infrastructure, funded by the Central Bank of Iraq and some Gulf states.
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