The WB offers Iraq funding vision for economic development
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    The WB offers Iraq funding vision for economic development

    The WB offers Iraq funding vision for economic development


    2016-09-09 at 14:06


    Baghdad scales news

    Predicting the Economic Adviser to the Prime Minister Mohammad Saleh appearance, Friday, do World Bank loan long term facilitator "of Iraq by the end of this year.

    Saleh said in a speech during his engagement with Iraq meetings with IMF Mission currently in Oman, Jordan, the World Bank mission in which participate the meetings provided funding for economic development vision in Iraq for a soft loan of about three billion dollars paid in stages, with very low interest and long-term repayment period ", noting that it comes in the framework of the programme to finance development in Iraq."

    He added, "the World Bank loan target activities, support the federal budget in line with economic reform and close only paths of reform launched by the Prime Minister, adding that" the loan payout over three years coincided with trends in governmental activities, management reform and modernization of the social security network and payment systems and the fight against corruption and other things. "

    He stressed that "the loan payout after complete understandings with the World Bank on the roadmap that is consistent and paths of economic reforms", expecting that "Iraq's loan is executed by the World Bank year end 2016." The negotiations are running Iraq first review of standby credit agreement with the International Monetary Fund mission in Oman, Jordan, to supplement the IMF loan this year 2016. "


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  2. #2

    Re: The WB offers Iraq funding vision for economic development

    Right in line with the plan for a serious chunk of change

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