World Bank: Economic situation in Iraq is getting better soon

1/2/2015 0:00

A planned visit by its delegations to help in financial crisis
 BAGHDAD - morning



The World Bank predicted the improved economic situation in Iraq in the next few stage, while the government's media office of the Prime Minister revealed a planned visits to the delegations from the World Bank to Baghdad to support Iraq in the face of the financial and economic its crises.

He said the country director for the bank in Iraq Robert quality PU, in a statement singled out the "morning", said the bank is now working with the government within the strategy that have been created in partnership with them to help in a number of projects in order to provide better services to the people in the field of electricity, water, roads and advisory services.

He said the project is with the relevant ministries, adding that these projects will help to create new jobs as well as help the government in the field of investment development.

Abu quality and hinted that the economic situation could be improved in the next few stage, although this improvement link up world oil prices.

In addition, the Government Information Office of the Prime Minister revealed a planned visits to the delegations from the World Bank to Baghdad to support Iraq in the face of the financial and economic its crises, while stressing the government to take immediate and strategic measures to address the budget deficit.

He said government spokesman Saad al-Hadithi "morning": The delegations of experts and representatives from the World Bank will visit Baghdad soon to provide support for Iraq and coordination with the government to develop a perception of a strategy to restructure the economy and the development of the private sector and encouraging investment to cope with the financial and economic crisis.

He newborn that "the Prime Minister and during his recent interview of Switzerland called on the international community to provide more support for Iraq and the continuation of talks between the leaders and the economy and the formulation of a common vision and a course of action in Baghdad also held talks with the World Bank, who has expressed willingness to send delegations and specialized bodies to assist the Director government to carry out economic and financial reforms and private sector development ».

And on the government's processors to meet the deficit, newborn revealed the government to take measures to Moi point deficit, including real-time, including the strategy, noting that of 25 trillion dinars deficit could be described as "not a big» under the new speculative price you put a barrel of oil, expected to decline with the return of high oil prices middle of this year.




A newborn: that "Among those measures activate investment, agriculture, industry and the private sector sector, as a committee was formed to monitor the priorities of exchange and identify the doors of government spending, where will emerge by the sub-committees to study the pressure of costs and address the doors of government spending, as the central bank stood ready to supplement the industrial and agricultural banks loans to support those sectors, in addition to the tax sector development after sending the Income Tax Act and ensure that no damage to the poor classes and the imposition of fees and tariffs to increase imports ».


He stated that the government is working to support and encourage the investment sector, according to its program by finding guarantees and legislation serve investors and reduce the red tape and bureaucracy and corruption to attract companies and investors and the restructuring of the Iraqi banking sector.


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