B The third handles the payments of wages, commissions and others charged by the Cynosure Foundation. With the offer that the credit or borrowed money that Cynosure will manage on its side and directed to project finance will be in a credit account called Export Credit Syndicate AccountExport Credit Aggregate.4- As for the last account group, it is the investment account: any surplus Iraqi funds that were not used at the time in the third account will be placed in this account, and the funds are at the disposal of the Iraqi government, whether for financing projects (in Iraq) by Chinese companies or international companies or for processing, And that is according to the Federal Budget Law (whether it will be within the projects funded by a guarantee (Cynosure), which is the guarantor, or other projects outside the framework agreement with Cynosure. Account funds can be used for purposes that serve the needs of the Iraqi government, as mentioned, and for any reason that is within the implementation of the general budget law, whether with Chinese companies or others. With the offer that all Iraqi accounts opened with China SITIC Bank International Ltd will be in dollars. All accounts receive interest and according to the average interest paid on dollar deposit accounts in the international financial markets. Likewise, interest is paid (according to the interest rates in the international financial market) on loans obtained from Chinese commercial banks when needed under a tender, in order to obtain a competitive loan offered by the Ministry of Finance to the (participating Chinese) banks and referral to a Chinese bank or a group of Chinese banks, at the lowest cost. A possible credit to finance projects in Iraq when necessary. Whereas, when a Sinosaurus takes over the insurance coverage, the loan is covered. In conclusion, the external accounts company will take over the aforementioned accounting agreement and it will be from the Four Big Auditing Firms group to supervise the movement of accounts, evaluate the flow of funds, and provideIraq with periodic supervisory and audit reports.3- The immersion Sovereign Fund is a justification for the Cooperation Framework Agreement with China Sovereign Sinking Funds are in modern financeA means by which organizations can put a portion of money and collect it over time to amortize their debts, that is, they are deposited funds or cash that are used when needed to extinguish a debt, or it is money deposited aside to replace the cost of capital rates when they are extinct, including the technical or technological extinction. Submersible funds also help business organizations to buy back their issued debts or bonds in whole or in part at their prevailing rates or at preferential rates. The balance sheet of submersible funds is calculated on the basis that a Sinking Fund is equal to the assets and that the debts or bonds issued are equivalent to liabilities. And since the national infrastructure today represents net wealth of low growth (zero or negative) or what can be called negative marginal stock at times, the flow of income, especially from oil revenues, is not equivalent to the negative marginal storage of the energy produced for the country. A positive financial border that requires the availability of high financial accumulations that exceed the current ability of the country to save the desired, equivalent to the desired investment. The realization of desirable savings equivalent to the necessary investment in the physical infrastructure and the various production capacities must be paid to a soft borrowing mechanism that helps to close the financing gap and strengthen the country’s financial leverage in exchange for two options that represent the difficult equation in the development of Iraq, namely:The first: Accepting offers from the enterprising foreign contracting sector that adheres to the assumption of country risk due to the repercussions of the previous long wars on Iraq, which makes the foreign contracting sector add a cost to its contracting called the Iraq cost, which is the fixed cost that is arbitrarily imposed on the total contracting cost. The one so that the exaggeration sometimes reaches between 35-45% of the cost of implementing a foreign contracting in Iraq under the same normal conditions.The second option: It comes in order to avoid the restrictions of the first option, as the foreign contracting sector offers its contracting financing offers through conditional or tied forward payment to the implementation of the contracting through an integrative circle that represents the cost of financing that is not concessional or semi-concessional (i.e. low interest) linked to the establishment of contracting companies combined with The funding agency for the physical implementation of the assigned contracting company. Where the last model provides unforeseen savings or profits to the implementing or financing agencies that may be really less expensive than the first option (weak in its guarantees and large in its risks). Therefore, when sufficient liquid guarantees are available, the second option will really be the least expensive option.For the above, the correct way out in development and investment in national infrastructure requires overcoming the difficult hard equation of the current stage that is still imposed by the provisions of Chapter VII of the United Nations Charter on Iraq and the remnants of ISIS terrorism.(Previous) and its implications for the infrastructure of liberated cities and others. Therefore, work is required to:Establishing a sovereign sinking fund that is fed periodically from annual allocations for infrastructure projects in the federal public budgets, and is sometimes compensated when withdrawn from it and low in its balance by bridge loans provided by international institutions such as CEA financing institutions to support the combined foreign contracting companies. This will be achieved. The model (financing and implementation) is an efficient delivery of contracting projects in Iraq.In conclusion, the submersible fund will continue to function as guarantor and financier for infrastructure projects. At the same time, the fund is considered an innovative model that generates financing complementarity in which the government financial resources flowing into the fund’s assets are in parallel with the amounts of bridge loans estimated. This came from an Iraqi on the ground boots 🥾