World Bank lends Iraq $ 1.7 billion

Thursday July 2, 2015 08:58


Alsumaria News / Baghdad
The Ministry of Finance, the intention of the World Bank loan to Iraq worth $ 1.7 billion, as pointed out the allocation of $ 350 million of the loan within the reconstruction of the liberated areas of the organization "operations Daash ".

The ministry said in a statement, seen by, Sumerian News , "The Finance Minister Hoshyar Zebari search, on Wednesday, with the Iraq Programme Director Robert existence and the World Bank team of experts and specialists in the economy and implementation of development programs, plans and programs of the bank to provide a loan for Iraq, humanitarian aid and development The proposed ".

The ministry said that "due to the World Bank offers a loan of $ 1.7 billion," indicating that it is within the amount "billion as financing development policy loan (DPL), and $ 350 million for reconstruction and stability to the liberated areas of Daash, 350 million dollars for the project through Umm Qasr - Basra. "

She pointed out that "the government will take a series of reform measures in a number of economic facilities to avoid wastage and the rationalization of expenditure."

The World Bank Group President Jim Yong Kim stressed, in (April 17, 2015), the full Bank of Iraq support in the face of economic and financial challenges, as pointed out that the bank will contribute to the financing of urgent projects related to the liberated areas, during a meeting with Prime Minister Haider al-Abadi.

The world oil prices have recently experienced a significant decline is the first of its kind in five years, leading to damage to the economic situation in many countries, including Iraq.


http://www.alsumaria.tv/news/138905/البنك-الدولي-يقرض-العراق-17-مليار-دولار/ar