Saleh reveals details of granting the World Bank finance for Iraq

Wednesday December 21 2016 19:01

Alsumaria News / Baghdad
revealed Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, Wednesday, Finance provided grants details of which will be provided by the World Bank of Iraq, in what was considered the EU grant, amounting to 86 million euros for the reconstruction of liberated areas, part of the international community 's commitments to Iraq .

Saleh said in an interview with Alsumaria's News, said that "there are many grants announced by the World Bank to Iraq since 2014 until now , " noting that " as a result of the terrorist organization Daesh what caused the destruction in a number of areas has been the World Bank to monitor $ 380 million for the regions liberated emergency grants long - term benefits to pay off. "

He added that " the World Bank to grant Iraq billion and $ 200 million to support the federal budget for 2016, including $ 200 million for the maintenance of the Mosul Dam , " pointing out that "while Iraq has signed standby credit agreement with the International Monetary Fund on the seventh of July 2016, including for Iraq to $ 5.3 billion, the World Bank expressed its readiness to provide $ 3 billion to support the budget. "

Saleh pointed out that "in the month of December of this year , the World Bank will provide one billion dollars for Iraq, and again in December of next year, as well as the same amount in December 2018."

He pointed out that " has been granted Iraq $ 400 million during this year out of $ 800 million, in addition to one billion dollars of pledges seven adult states the G7 at the Tokyo Conference, specifically from Canada and Britain , in addition to the loan billion dollars from the United States."

And on the European Union to Iraq a grant amounting to 86 million euros for the reconstruction of liberated areas, Saleh said, "This grant is part of the international community 's commitments to Iraq to support the reconstruction of liberated areas , " noting that "Iraq in the event of receipt of the grant within the year 2017 will ensure that within the federal budget revenues for the year 2017 ".

Saleh continued, that "in case the grant mechanism within the agreement in aid for Iraq Atstrd They are, therefore , no longer be the financial benefit of those countries, not being until the moment we learn the details of which occurred through it ."

The Executive Director of the World Bank for Iraq Mirza Hassan stressed, on Thursday (19 May 2016), that the bank is considering increasing investment projects in electricity, water and other types of energy sectors.

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