Zebari looking World Bank aid for Iraq

Wednesday 20 May 2015
| 18:43


As part of the follow-up activities carried out by the World Bank in Iraq Finance Minister Hoshyar Zebari met at the headquarters of the Office of the ministry on Wednesday evening unique Belhadj, Regional Director of the World Bank for the Middle East and North Africa in the presence of Mr. Robert presence of the Special Representative in Iraq, were reviewed aid provided by the World Bank in which restore security and stability to the liberated areas and to support the federal budget for Iraq for 2015.

He also met with Finance Minister Hans Naikmb head of Shell in Iraq and his accompanying delegation. During the meeting, they reviewed the projects undertaken by the company in the oil and gas industry field so as to ensure financial resources to maximize Iraq


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Zebari and World Bank official discuss support Iraq's budget and reconstruction of liberated areas

2015/5/20 22:10


Search Finance Minister Hoshyar Zebari, an official with the World Bank ways to support Iraq's budget with the fall in world oil prices.

According to a ministry statement received by the agency all of Iraq [where] a copy of the Zebari met at the Ministry this evening, "Fred Belhadj, Regional Director of the World Bank for the Middle East and North Africa in the presence of Robert presence of the Special
Representative in Iraq as part of the follow-up activities carried out by the World Bank in Iraq."

The two sides reviewed "aid provided by the World Bank in the field of restoring security and stability to the liberated areas and to support the federal budget for Iraq for 2015 that".

Iraq plans to request emergency funding worth 400-700 million dollars from the International Monetary Fund, while the government made a decision to issue government bonds worth $ 5 billion, and it continues to negotiate on their own terms.

As a senior official at the International Monetary Fund on the fifth of this month, said that Iraq's request for financial assistance from the Fund and it may be agreed to loan $ 800 million in a matter of weeks.

And pass the country in a state of fiscal austerity and crisis in the provision of cash called on the government to impose several taxes to cover the deficit in the budget. End

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