World Bank linking financial support for Iraq reconciliation

18 Hours Ago

Twilight News Regional Director of the World Bank / said on Monday that the bank intends to provide financial support for Iraq in parallel with projects to take care of reconciliation after the defeat al Daesh so as to ensure the sustainability of reconstruction after years of conflict.

Said Fred Belhadj, director of the IMF Middle East, said that "the battle of Mosul keep all those forces together," referring to the Shiite, Sunni and Kurdish forces involved in the battle of Iraq's second city from the hands of the organization Daesh restored.

"When the fighting ends do not know the pressures ... which will list the type and this is important for the Iraqis to start this now. We will do our best to verify that the incentives ... reconciliation will be more temptation of incentives for each of those factions to work ... individually. "

The World Bank approved in December a new loan of 1.485 billion dollars to help Iraq's economy in the face of falling oil prices and the burden of the cost of the war against the state regulation of the total support for Baghdad to reach about $ 3.4 billion.

Belhadj said that in addition to the financial support to be "going to bring people who have experience in rebuilding community relations from a number of countries around the world," referring to South Africa, Morocco and Rwanda experiences.

"This will be a parallel path. We will make sure ... the flow of funds towards the reconstruction and rebuilding, but in order to make it sustainable, we need to make sure that the drafting of the social contract in a way that allows continuously infrastructure hardness,"as quoted by Reuters.

Belhadj said that the World Bank has also offered to provide advice to the government on the preservation of the Mosul Dam, but is not involved in financing or arranging Trevi Italian company chosen are last year to carry out much-needed reform of the dam.

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