Abadi and World Bank President emphasize the expansion of the bank loan to meet defic
Abadi and World Bank President emphasize the expansion of the bank loan to meet the 2017 budget deficit
Thursday, September 22, 2016 - 8:30
Search Prime Minister Haider al-Abadi on Wednesday in New York with World Bank President Jim Yong Kim to support budget for Iraq in 2017 and bridging the fiscal deficit.
A statement by the Prime Minister's Office said Kim, "Abadi praised his efforts in spite of the significant challenges faced by Iraq, especially in the financial field," adding that "the World Bank with those efforts and the duty to support Iraq at this stage."
The statement added, also "has been an emphasis on the expansion of the World Bank loan to support the budget for fiscal 2017 and plug it in addition to supporting the stability of the liberated areas and other provinces and provide money for the construction of bridges and the provision of water, electricity, health and other services and the willingness of the World Bank to support more with the liberalization of Mosul."
He noted, "It was also agreed to speed up the implementation of projects in Basra, water, electricity and infrastructure field and all that is in the province and its citizens service and starting direct projects in the provinces."
He said the World Bank according to the statement "its readiness to send experts and support investment in the development of general tourism and religious tourism in particular and create jobs through the private sector development as well as the expertise to train Iraqi cadres and the development of human development."
The statement noted that he "was also agreed that the World Bank provides a study of the growth of the housing sector and the construction of housing units."