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Minister of Planning to Vice President of the World Bank: The policy of borrowing from abroad will be regulated
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Economy News _ Baghdad
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Added 08/23/2023 - 12:31 PM
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Economy News _ Baghdad
Deputy Prime Minister and Minister of Planning Muhammad Ali Tamim confirmed today, Wednesday, that the policy of borrowing from abroad will be regulated.
A statement by the Ministry of Planning, received by "Al-Iqtisad News", stated that "Deputy Prime Minister, Minister of Planning, Muhammad Ali Tamim, received the Vice President of the World Bank, Farid Belhadj, and his accompanying delegation, which included the Regional Director for the Levant Countries, Jean-Christophe Carré, and the Special Representative of the Bank's mission. International in Iraq, Richard Abdel Nour, and advisor to the Vice President of the World Bank, Lubna Haji.
He added, "The meeting discussed prospects for joint cooperation between the two sides in many fields, including discussing work mechanisms in the Social Fund for Development, which is run by the Ministry of Planning, and aims to implement basic service projects in villages and poor areas in various governorates."
The Deputy Prime Minister stated, according to the statement, that "the relationship with the World Bank is good and is witnessing tangible development in its paths," noting, "the investment of this relationship in supporting the government's efforts to improve the level of services, and directing loans towards achieving development."
And he continued, "The policy of borrowing from abroad will be heavily regulated, directed to very urgent necessities, and of a developmental nature, not consumption."
For his part, Belhadj expressed "the World Bank's great desire to continue its support for Iraq in various fields, especially in the field of automation and expertise, water and agriculture, as well as infrastructure projects and services, and the Social Fund for Development, which the World Bank considers one of its most important projects." in Iraq".
He added, "The meeting discussed prospects for joint cooperation between the two sides in many fields, including discussing work mechanisms in the Social Fund for Development, which is run by the Ministry of Planning, and aims to implement basic service projects in villages and poor areas in various governorates."
The Deputy Prime Minister stated, according to the statement, that "the relationship with the World Bank is good and is witnessing tangible development in its paths," noting, "the investment of this relationship in supporting the government's efforts to improve the level of services, and directing loans towards achieving development."
And he continued, "The policy of borrowing from abroad will be heavily regulated, directed to very urgent necessities, and of a developmental nature, not consumption."
For his part, Belhadj expressed "the World Bank's great desire to continue its support for Iraq in various fields, especially in the field of automation and expertise, water and agriculture, as well as infrastructure projects and services, and the Social Fund for Development, which the World Bank considers one of its most important projects." in Iraq".
Views 14
Added 08/23/2023 - 12:31 PM
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