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[size=36]Sudanese advisor reveals the benefits of Iraq joining the European Bank membership[/size]
Economy | 11:45 - 03/22/2024
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Mawazine News
Today, Friday, the Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, summarized the benefits of Iraq joining the European Bank for Reconstruction and Development.
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Saleh said, to the official agency, followed by Mawazine News, that “there is a positive syndrome between building a development strategy that is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic ties, which is called the (Development Road) project.” It is the corridor and the strategic project that connects the European Union countries in Asia via Iraq and the Gulf sea lanes and vice versa on the one hand, and the requirements for implementing the various stages of the development path through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies on the other hand, especially in the preferences for obtaining European technology. And ensuring the role of European Union companies in implementing the development path in all its aspects, whether in infrastructure, industrial production projects, and various logistical services.”
He added, "Membership provides our country with the possibility of obtaining concessional financing and technical assistance and European requirements in supporting development activity in our country in its various aspects and sectors," adding that "Iraq's accession to membership in the European Bank for Reconstruction and Development represents a broad vision that carries strategic dimensions in the cohesion of the economic development climate in Iraq, in accordance with the requirements of the government program and the national development plan 2024-2028, while embodying our country’s needs for the sustainability of international cooperation in reconstruction, development and sustainable development activity in the long term.”
To receive more news, subscribe to our channel on Telegram.
Saleh said, to the official agency, followed by Mawazine News, that “there is a positive syndrome between building a development strategy that is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic ties, which is called the (Development Road) project.” It is the corridor and the strategic project that connects the European Union countries in Asia via Iraq and the Gulf sea lanes and vice versa on the one hand, and the requirements for implementing the various stages of the development path through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies on the other hand, especially in the preferences for obtaining European technology. And ensuring the role of European Union companies in implementing the development path in all its aspects, whether in infrastructure, industrial production projects, and various logistical services.”
He added, "Membership provides our country with the possibility of obtaining concessional financing and technical assistance and European requirements in supporting development activity in our country in its various aspects and sectors," adding that "Iraq's accession to membership in the European Bank for Reconstruction and Development represents a broad vision that carries strategic dimensions in the cohesion of the economic development climate in Iraq, in accordance with the requirements of the government program and the national development plan 2024-2028, while embodying our country’s needs for the sustainability of international cooperation in reconstruction, development and sustainable development activity in the long term.”
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