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Iraq becomes a shareholder in the European Bank for Reconstruction and Development
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Economy News - Baghdad
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Added 11/16/2023 - 2:07 PM
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Economy News - Baghdad
The European Bank for Reconstruction and Development said on Thursday that Iraq has become the 74th member of the multilateral lender, while Ghana and Senegal have applied to join.
Iraq applied to join the bank for the first time in 2018, and its status as a shareholder enables it to apply to become a recipient economy, which would provide financing and political support from the bank.
“When the time is right, we look forward to starting work in Iraq and applying our experience to developing its economy,” Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, said in a statement. Reuters also reported that Ghana and Senegal had submitted two applications to join.
Iraq applied to join the bank for the first time in 2018, and its status as a shareholder enables it to apply to become a recipient economy, which would provide financing and political support from the bank.
“When the time is right, we look forward to starting work in Iraq and applying our experience to developing its economy,” Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, said in a statement. Reuters also reported that Ghana and Senegal had submitted two applications to join.
Views 46
Added 11/16/2023 - 2:07 PM
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