Video: Iraq receives World Bank grant worth $ 41 million
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    Video: Iraq receives World Bank grant worth $ 41 million

    Video: Iraq receives World Bank grant worth $ 41 million



    Thursday, May 4


    Forty-one million dollars is the value of the European loan to the Ministry of Finance, the money will go according to those responsible for the reform and modernization of economic management and investment process in the country.

    "The loan is worth one and forty-five million dollars, for the process of modernizing the management of the Ministry of Finance and the investment management process between the Ministry of Finance and Planning, and there will be a grant from the European countries for the Iraqi development process," said Abdul Razzaq al-Issa, acting finance minister.


    World Bank officials have confirmed that the money is protected and will be deposited in the Ministry of Finance to be disbursed.

    "This project will put the funds at the disposal of the Ministry of Finance and there will be tenders for the purchase of services and the modernization of regulations," said Repero Bojuda, Special Representative of the World Bank Mission in Iraq.

    Experts believe that the realization of economic reforms will contribute to the creation of attracting factors for foreign investment, which will expand the country's productive base and ease the burden of the budget.

    You can view the report on the video above.

    Link



    Last edited by MadDScout; 05-04-2017 at 07:17 PM.



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