The World Bank supports Iraq's approach to an integrated financial management system

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The World Bank supports Iraq's approach to an integrated financial management system

Post  Admin on Mon Apr 24, 2017 6:29 am

April 22, 2017




Iraqi Position Network

The World Bank on Saturday confirmed its support for Iraq's economic reforms and development through an integrated financial management system, while welcoming the steps taken by the Iraqi government in the field of resource management and the crystallization of reform visions.


The Ministry of Finance said in a statement issued on the sidelines of a joint meeting between an Iraqi delegation led by the Minister of Finance and the agency "Abdul Razzaq al-Issa" and in the presence of the adviser to the Prime Minister, "appearance of Mohammed Saleh," and a number of officials of the Ministry of Finance and the World Bank team and its representatives in Baghdad within the spring meetings of the IMF and the World Bank held In Washington, and received, "the Iraqi position" a copy of it, "The representatives of the World Bank indicated that economic reforms are a major necessity to reach an integrated system to manage the financial process of the state at the federal and local levels."


The ministry added that "the participants explained that the percentage of the task achieved by Iraqi institutions in this area, which gives the appropriate room for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required."


"The World Bank welcomed the steps of the Iraqi government in the field of resource management and crystallization of reform visions in coordination with international financial organizations and institutions."


Finance Minister Abdul Razzaq al-Issa said on Friday that the World Bank has indicated its readiness to allocate nine million dollars to support the investment of associated gas in Iraq.


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