The World Bank and the International Monetary Fund are ready to support Iraq in the face of Corona

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[size=52]The World Bank and the International Monetary Fund are ready to support Iraq in the face of Corona[/size]

[size=45]World Bank and International Monetary Fund officials affirmed their readiness to respond quickly to provide assistance to the Government of Iraq to meet the needs of the fight against Corona, while the Deputy Prime Minister of Iraq welcomed any financial support that might be provided by other countries in this framework.
[size=45]The media office of the Deputy Prime Minister for Economic Affairs and Minister of Finance Fuad Hussein said in a statement received (Al-Mada), a copy of it, that the latter participated in "a meeting via closed-circuit television to discuss the financial and economic situation and ways to continue to support the health sector."[/size]
[size=45]The statement indicated that Hussein's participation in the coordination meeting "came to provide the required support to the health sector to combat Corona virus," noting that "this meeting was held via closed-circuit television with the participation of the British and American ambassadors, Hazem Al-Jumaili, Undersecretary of the Ministry of Health, and the World Bank official in the meeting participated in the meeting Al-Awsat and from Amman the representative of the International Monetary Fund and responsible for Iraq. The meeting was attended by a number of financial officials in the two international institutions and the representative of global health.[/size]
[size=45]On the sidelines of the meeting, Minister of Finance Fouad Hussein shed light on the work of the Ministry of Finance and its efforts in providing financial requirements and urgent needs to support the health sector in Iraq since the beginning of the crisis where the ministry took the necessary measures to collect funds through banks or through fundraising, whether from some donor countries Or through governmental and private banks as well as the private sector.[/size]
[size=45]In another axis of the meeting, the general economic and financial situation and the impact of the international crisis on the Iraqi situation and the confusing challenges faced by Iraq in terms of fighting the disease or the sharp decline in oil prices in addition to the political crisis related to forming the government were discussed.[/size]
[size=45]They also touched on "relations with the World Bank and the International Fund". The Deputy Prime Minister stressed the importance of deepening relations with both financial institutions. And discussed how to financial support to Iraq in general and the health sector in particular. As for the issue of external borrowing, the matter requires legal approvals from the executive and legislative authorities, "noting that" the ministry is currently preparing a letter to the World Bank to obtain additional financial assistance for the health sector. "[/size]
[size=45]For his part, the bank and the International Monetary Fund officials affirmed their "readiness to respond quickly to provide assistance to the government of Iraq and to restructure some of the specialized programs in the health sector to meet the needs of fighting Corona."[/size]
[size=45]Hussein expressed his thanks to the Ambassador of the United States of America for the financial and logistical support that his country provided to the health sector in Iraq and in the field of fighting Corona disease, welcoming any financial support that might be provided by other countries in this framework, according to the statement.[/size]


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