Abadi adviser~World Bank loan conditional on the imposition of the electricity tariff
Abadi adviser: World Bank loan conditional on the imposition of the electricity tariff and customs
12/25/2015 07:28 GMT
Follow-up - and babysit -Economic affairs adviser in the prime minister, he explained that the World Bank loan for Iraq conditional on economic reforms by the government to prove its good intentions, including "the imposition of the tariff Alcomerakih, and the electricity tariff."
Said Abdul Hussain Al-Anbuge, said the World Bank conditions "are not forced to lend, but rather to demonstrate its good intentions and procedures prior the Iraqi government (measures) reform, on which encouraged the World Bank to give a loan."
He explained that "the reforms that encourage the World Bank to give the loan, including: start investing in the field of gas, and to reduce the differences between the salaries of employees and encourage the private sector and equated with the public sector and especially for dealing with civil and government banks, and transparency for the performance of state-owned enterprises, as well as customs and tariffs The electricity tariff to reduce consumption. "
He said Anbuge "These things are not binding on the Government, but they say that we have a loan to Iraq, it must undertake reforms in order to demonstrate its good faith and encouragement to give a loan, and that has not done the reforms can not be given the loan."
He said the "loan in which two stages the first in 2016 is supposed to give billion dollars, and the year after which there is also another loan of two billion," noting that the Bank's "willingness to reach five billion dollars with Iraq, provided to prove his bona fides in the field of economic reforms."
It is noteworthy that, the World Bank, announced last Friday, agreed to give Iraq a loan of one billion and 200 million dollars to help it adjust the financial sector and improve the energy situation, and to compensate the decline in oil prices and rising security costs.