The World Bank confirms its support for Iraq's economic reforms and development throu
The World Bank confirms its support for Iraq's economic reforms and development through an integrated financial management system
Saturday 22 April 2017 | 07:16 PM
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The World Bank on Saturday confirmed its support for Iraq's economic reforms and development through an integrated financial management system, while welcoming the steps taken by the Iraqi government in the field of resource management and the crystallization of reform visions .
The Ministry of Finance said in a statement issued on the sidelines of a joint meeting between an Iraqi delegation headed by Finance Minister Abdul Razzaq al-Issa and in the presence of Prime Minister's Advisor appearance of Mohammed Saleh and a number of officials of the Ministry of Finance and the World Bank team and representatives in Baghdad in the spring meetings of the IMF and the World Bank in Washington, , "Appointed Iraq News" that "representatives of the World Bank indicated that economic reforms are a major necessity to reach an integrated system to manage the financial process of the state at the federal and local level ."
The ministry added that "the participants explained that the percentage of the task achieved by Iraqi institutions in this area, which gives the appropriate room for the World Bank to support the budget and reconstruction projects within the limits of time to achieve its objectives required ."
"The World Bank welcomed the steps of the Iraqi government in the field of resource management and crystallization of reform visions in coordination with international financial organizations and institutions ."
Finance Minister Abdul Razzaq al-Issa said on Friday that the World Bank has indicated its readiness to allocate nine million dollars to support the investment of associated gas in Iraq. Finished