Jumaili discuss with the IFC financing of investment projects 9-27
Jumaili discuss with the IFC financing of investment projects
Research and Planning Minister Salman Jumaili, Tuesday, with the Director of the International Finance Corporation of the World Bank Group's office in Baghdad, Ziad Badr, ways of activating the partnership between the public and private sectors and the financing of investment projects.
Said a statement received "Economy News", "Jumaili met in his office at the ministry and a delegation from the International Finance Corporation of the World Bank Group in Baghdad, Ziad Badr headed Ziad Badr director of the agency's office in Iraq, and during the meeting to discuss the possibility of the Agency with the support of Iraq in the framework of the organization investment partnership between the public and private sectors as well as financing the stalled projects because of the economic crisis in Iraq, especially with the dye service projects as well as working in the reconstruction of liberated areas that need a lot of strategic projects that will provide services and youth employment in the long term. "
Jumaili said during the meeting, according to the statement "the need for Iraq to more investments, especially in the liberated areas because the economic conditions facing the country and the weakness of foreign investment require the government to go about a new investment alternative."
"The ministry was able to complete the guide to organize the completion of projects that implement manner partnership, as well as the Council of Ministers to form a steering committee to oversee the projects carried manner partnership between the public and private sector members include representatives from the Prime Minister's Office and the Ministries of Planning and Finance and the National Commission for Investment The international consultant and a representative of the beneficiary. "
He Jumaili his desire "to enter the International Finance Corporation to set up an advisory project that aims to regulate the partnership with the private sector and the preparation of an investment file management infrastructure that performs manner participating projects as well as assist in the preparation of adaptive policies to deal with projects that need financing."
For his part, Director of IFC's office in Iraq Ziad Badr "organization willing to enter into a two-pronged project finance either an investment or advisory organization and partnership between the public and private sectors."
He noted that "the institution has entered into Iraq through financing a number of projects, with an investment portfolio of about one billion seven hundred million dollars, among the projects that the Foundation contributed to the financing of Karbala Cement project at about $ 55 million and Zain $ 400 million and station Sulaymaniyah electricity at 40 million and the port of Umm Qasr in the amount of $ 120 million. "
Badr said that "Iraq is among the 40 countries that founded the World Bank and thus being one of the founders and the first is the support and care from the bank or its institutions."