Mahdi Al-Alak: We have completed advanced stages of the Social Development Fund project

Iraqi Position Network

"The national team of the Fund has completed advanced stages of the project," the Secretary-General of the Council of Ministers, Mahdi Al-Aalak, said Tuesday. "The World Bank will fund the foundation phase with 50 million dollars."

"We started a series of workshops and meetings with World Bank experts on the Social Development Fund, and we have made progress in preparing the full legislative and operational framework for it," al-Aalak said in a statement attended by the Iraqi position on the sidelines of the meeting of the Supreme National Committee for Poverty Alleviation Strategy.

 The completion of aspects of monitoring and evaluation and the role of local governments and organizations. "

Al-Alak expressed his hope that the project will be completed and presented to the Council of Ministers before the end of the first half of this year, to become a legal legislation to be submitted to the House of Representatives.

In addition to other donors, to enable the poor to build small projects that can help them improve their living conditions. " "The fund is funded by two tracks, the first of which is the allocation of the state budget, and the second is the grants and subsidies obtained from abroad."

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