Iraq borrow $ 2.3 billion from the World Bank

Wednesday July 1, 2015 - 21:42


The Iraqi Ministry of Finance that Iraq Siqtrd $ 2.3 billion from the World Bank in an effort to bridge the country's budget deficit and the expenses of the war against the terrorist organization Daash.

The ministry said in a statement to Radio reported tow is due to the World Bank of Iraq provides a loan of $ 1.7 billion, of which one billion dollars as a financial development policy loan (DPL).

She said the World Bank will lend Iraq $ 350 million for reconstruction and stability to the liberated areas of the terrorist organization Daash and $ 350 million for the project through Umm Qasr - Basra south of the country.

The ministry noted that the Iraqi government will take a series of reform measures of the economy in the number of facilities to avoid wastage and the rationalization of expenditure.

The ministry said a meeting was held today between Finance Minister Hoshyar Zebari and Robert existence Director of the Iraq Programme of the World Bank and a team of experts and specialists in the economy and implementation of development programs included Auguste Kwame and Eric Aborn and Siebel Kolokza.

The meeting discussed the plans and programs of the bank to provide a loan to Iraq for humanitarian and development aid proposed, according to the financial statement.

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