Parliamentary Finance: World Bank pursues tough policies with Iraq

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Parliamentary Finance: World Bank pursues tough policies with Iraq

Post  Admin on Thu May 04, 2017 10:02 am

The World Bank's move to reform the financial system in Iraq is an important step in supporting the country's investment, the parliamentary finance committee said on Thursday.

"The World Bank is following a strict policy, because it is lending Iraq huge sums of money," said member of the committee Abdul Qader Mohammed Mouloud in an interview with the Economist News. "At the same time, Iraq is demanding proper management of financial institutions through deepening financial management and financial performance. Government ".

He described the "positive step by the World Bank through the construction of solid ground for the work of Iraqi ministries and institutions and financial discipline, as the project includes the main axes, including the direction of the integrated system of financial management information and computerization of public financial management operations from the preparation and implementation of the budget in the Ministry of Finance and other ministries and exchange units all" .

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