HONG KONG
Nike Air Presto Yellow , Sept. 20 (Xinhua) -- The Hong Kong Monetary Authority (HKMA) signed an agreement with International Finance Corporation (IFC), a member of the World Bank Group, on Sept. 19, local time in London, committing one billion U.S. dollars to the innovative Managed Co-lending Portfolio Program (MCPP) debt mobilization platform for emerging markets.
According to the HKMA, the authority will support IFC in financing projects across more than 100 countries, including in infrastructure, telecom
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"MCPP is an essential part of IFC's business development in emerging markets. This new partnership with the HKMA signifies the expansion of IFC's base of important long-term, strategic partners," said the IFC Vice President, Dimitris Tsitsiragos, at the signing ceremony.
"With the collaborative efforts of two institutions, we look forward to further realizing the growth potential of emerging markets in a sustainable manner, and the HKMA's participation in MCPP will allow IFC to provide more financing to projects
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The Chief Executive of the HKMA, Norman Chan, said, "We are very pleased about this new partnership with IFC, which provides a useful platform for the HKMA to broaden its investment opportunities in the credit market."
"Emerging markets present a broad array of untapped investment opportunities with good long-term growth potential. Joining hands with IFC allows long-term institutional investors like the HKMA to ride on the considerable expertise
Nike Air Presto White , experience and network of IFC in sourcing investable opportunities with proper risk management and governance framework," Chan said.
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People wait outside the parliament building of the Kurdistan region of Iraq in Erbil, the capital city of the Kurdistan region of Iraq, on Sept. 15, 2017. The parliament of the semi-autonomous region of Kurdistan on Friday convened for the first time after two years of suspension, and is scheduled to discuss referendum on independence of the Kurdish region. (XinhuaKhalil Dawood)
ERBIL, Iraq
Nike Air Presto Black , Sept. 15 (Xinhua) -- The parliament of the semi-autonomous region of Kurdistan on Friday approved the independence referendum to be held on Sept. 25.
All the 65 lawmakers attending the session of the 111-seat regional parliament voted in favor of holding the referendum on the independence of the Kurdish region and the disputed areas.
The parliament also decided to invite relevant parties, including Kurdistan's Independent High Elections and Referendum Commission, to conduct the referendum.
According to Tariq Jowahar, parliament media advisor, the session was chaired by the deputy speaker, as Speaker Yousif Mohammed Sadiq did not attend the session since his Gorran Movement is boycotting the session along with the Kurdistan Islamic Group.
Kaka Bashar, a Kurdish lawmaker from the Patriotic Union of Kurdistan (PUK), said he regretted that some of the lawmakers boycotted the parliament session
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Bahar Mahmoud, head of Gorran's parliamentary bloc, said the parliamentary session is "illegal."
"The session is illegal and a violation to the internal parliament law, as the session must be approved by the parliament's presidency which comprises the speaker and his deputy, in addition to the secretary of the parliament," she told Xinhua.
Mahmoud also revealed that Sadiq was prevented from entering the regional capital city of Erbil.
"This session was held according to the wishes of the two main parties and not according to the desire of parliament," she said
Cheap Air Presto , referring to the Kurdistan Democratic Party (KDP) headed by the regional President Masoud Barzani, and the PUK with Iraqi President Fuad Masoum as one of its leading figures.
Horman Hama Sharif, a spokesman for the Kurdistan Islamic Group, echoed Mahmoud's opinion in a statement.
"We do not participate in this session because we consider it illegal, because the legitimate speaker is not aware of the session, as well as the parliament secretary, and this is an exploitation of the parliament as an institution for the parties and personal purposes," he said.
"We believe that the session will not solve our political and economic problems
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Fala Farid, head of the parliamentary legal committee, maintained that the parliamentary session is legal.
"The session is legal and was attended by the majority of the lawmakers, who expressed their opinions in supporting the referendum," he told Xinhua.
In addition to the Gorran Movement, which has 24 lawmakers out of the 111-seat parliament, and the Kurdistan Islamic Group with six seats
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Earlier in the day, the parliament reconvened for the first time after two years of suspension and discussed the independence referendum of the region.
Barzani earlier vowed to go ahead with the independence referendum, ignoring calls to postpone the controversial move.
"So far, we haven't seen an alternative that can take the place of the referendum. Do not listen to anyone, we are going to a referendum," Barzani said
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