The World Bank allocated a loan of two billion dollars to support loss-making companies

Author: Publisher on: September 9, 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The Ministry of Housing and Construction and public municipalities confirmed that the World Bank approved a loan of two billion dollars to support loss-making companies and turn them into profitable exchange.

Said Undersecretary Dara Hassan's (IMN) that "companies that will be supported and turn it into a win-win is the Ministry of Housing companies and the Ministry of Industry, companies and Ministry of Water Resources."

And refused to economic and investment commission in Parliament last month, restructuring of loss-making in the ministries of industry, transport companies, demand a change officials and departments as they are the main reason for the failure of those companies.

Hassan said that "the three ministries are working on a joint study to support companies and turn them into profitable companies in coordination with international experts, economists and views."

The parliamentary finance committee noted, earlier went to the government to reduce ministries, agencies and government agencies spending to its lowest level in order to reduce the fiscal deficit in the federal budget for 2014 and 2015 size.

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