World Bank approves new loan for Iraq worth 1.485 billion dollars
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World Bank approves new loan for Iraq worth 1.485 billion dollars
Admin Wed Dec 21, 2016 10:03 am
The World Bank announced on Wednesday that it approved a new loan of $ 1.485 Milirdolar to help Iraq to alleviate the weak economy on oil prices and bear the cost of the war against al Daesh.
The World Bank said in a statement, he followed "Economy News" that the new loan aims to support the Iraqi government's efforts to rationalize spending and to improve energy efficiency and enhance corporate governance in the SOEs.
He added that the loan Aljdederf Total financial assistance from the World Bank for Iraq to about $ 3.4 billion.
The Bank approved two loans worth $ 1.2 billion and $ 350 million to support Iraq in 2015 after a year of control Daesh about a third of the country's territory, and in July and the IMF agreed on a new conditional loan agreement a three-year, $ 5.34 billion to support the efforts of Baghdad to overcome weak oil prices and ensure its ability to meet its debt burden.
http://economy-news.net/content.php?id=6161
The World Bank said in a statement, he followed "Economy News" that the new loan aims to support the Iraqi government's efforts to rationalize spending and to improve energy efficiency and enhance corporate governance in the SOEs.
He added that the loan Aljdederf Total financial assistance from the World Bank for Iraq to about $ 3.4 billion.
The Bank approved two loans worth $ 1.2 billion and $ 350 million to support Iraq in 2015 after a year of control Daesh about a third of the country's territory, and in July and the IMF agreed on a new conditional loan agreement a three-year, $ 5.34 billion to support the efforts of Baghdad to overcome weak oil prices and ensure its ability to meet its debt burden.
http://economy-news.net/content.php?id=6161
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