Washington Supports Power Linkage between Iraq, Gulf States

FILE PHOTO: A worker walks at Rumaila oil field in Basra, Iraq, November 28, 2017. REUTERS/Essam Al-Sudani/File Photo
FILE PHOTO: A worker walks at Rumaila oil field in Basra, Iraq, November 28, 2017. REUTERS/Essam Al-Sudani/File Photo
TT

Washington Supports Power Linkage between Iraq, Gulf States

FILE PHOTO: A worker walks at Rumaila oil field in Basra, Iraq, November 28, 2017. REUTERS/Essam Al-Sudani/File Photo
FILE PHOTO: A worker walks at Rumaila oil field in Basra, Iraq, November 28, 2017. REUTERS/Essam Al-Sudani/File Photo

The United States announced its full support for a project linking electricity networks between the Gulf Cooperation Council states and Iraq. The State Department said in a statement on Friday that it would facilitate the project and provide needed support.

“The Government of Iraq, Gulf Cooperation Council, and United States look forward to increased close economic and energy cooperation between the United States, Iraq and the GCC countries, as a basis for peace, development, and prosperity in the region,” the State Department said.

The department added that the US “is committed to facilitating” the project “and providing support where needed.”

Robert Bryce, US researcher in energy and electricity affairs, said that the Iraqi-Gulf power linkage has long been demanded by Washington to stop the flow of Iraqi money to Iran, which results from an electrical supply agreement between the two countries.

The statement comes ahead of an imminent visit by Iraqi Prime Minister Mustafa Al-Kadhimi to Saudi Arabia, which will also lead him to both Iran and the US, according to Iraqi Deputy Prime Minister and Minister of Finance Ali Abdul-Amir Allawi.

Meanwhile, Iraqi Minister of Transport Nasser Al-Shibli, announced his ministry’s endeavor to accelerate the reopening of the Arar border crossing with Saudi Arabia and increase trade and economic exchange between the two countries.

In remarks on Thursday, the minister emphasized “the importance of serious and continuous effort during the coming period and the adoption of a new work mechanism to accelerate the opening of the Arar border crossing between Iraq and Saudi Arabia.”

A virtual meeting was held on Thursday, attended by representatives the GCC and the governments of Iraq and the United States.

The meeting discussed the progress of the electrical interconnection project between the Gulf electricity network and the power system in southern Iraq, in addition to the future steps to be taken.



UNCTAD: 'Painful' Cuts Threaten Our Task to Help Developing Countries

UNCTAD Secretary-General, Rebeca Grynspan (AFP) 
UNCTAD Secretary-General, Rebeca Grynspan (AFP) 
TT

UNCTAD: 'Painful' Cuts Threaten Our Task to Help Developing Countries

UNCTAD Secretary-General, Rebeca Grynspan (AFP) 
UNCTAD Secretary-General, Rebeca Grynspan (AFP) 

The United Nations Conference on Trade and Development (UNCTAD), tasked with helping developing countries access the global economy, faces “painful” cuts as part of broader reforms prompted by a decline in global donor funding, its secretary general has said.

Rebeca Grynspan told Reuters she was concerned the agency’s work will be hampered while demand for its services grows, as countries seek information on the impact of sweeping tariffs imposed by US President Donald Trump.

For UNCTAD's 2026 budget, Grynspan said she and her team had proposed cutting 70 posts. That is from an overall headcount of 500 including consultants, with about 400 permanent posts.

“This is painful. There's no way to disguise this ... we haven't cut that number of posts ever in one budget,” she said.

“It really will constrain the organization and the things that we can do”.

UN agencies like UNCTAD are having to cut costs amid a financial crisis triggered in part by the US, which has provided nearly a quarter of the world body's funding, and longer term liquidity problems.

“What worries me the most is the possibility to respond to countries in their needs fast enough,” Grynspan said.

Grynspan, who is part of the task force on broader UN80 reforms to improve efficiency and cut costs at the UN, said she was involved in discussions on how to better divide tasks among the UN's development agencies through collaboration.

The UN Secretariat, the global body's executive arm, is preparing to slash its $3.7 billion budget by 20%.

About 75 agencies and departments faced a June 13 deadline to propose budget cuts.

The UN in Geneva is proposing leaving the historic Palais Wilson, which houses its human rights office.

The final decision on UNCTAD's proposed budget will be made by the UN Secretariat and member states in September.