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Electricity recognizes: Donors of loans prevent our contracts with Iraqi companies without competition
BAGHDAD - The Ministry of Electricity revealed that it is subject to the terms of the external donors of financial loans in connection with the conclusion of contracts with private and public companies in Iraq.
"The ministry can not directly contract with government companies without relying on the principle of competition," said Musab al-Mudar, a spokesman for the Ministry of Electricity.
"We at the Ministry of Electricity support the local product, but we are limited by the World Bank as the donor to the Ministry of Finance, which requires us to deal with private and public companies according to the principle of competition with other companies."
"The World Bank has set conditions, including that the specifications of the materials we contract to purchase are of a global quality, and that local companies, whether private or public, enter into competition with other companies according to the principle of quality and price competition."
The financial crisis suffered by Iraq since 2014 has forced the federal government to cut its expenses to a minimum and enter into negotiations with the World Bank to borrow money to cover the costs of the war against Da'ash and the reconstruction of liberated areas.
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Electricity recognizes: Donors of loans prevent our contracts with Iraqi companies without competition
BAGHDAD - The Ministry of Electricity revealed that it is subject to the terms of the external donors of financial loans in connection with the conclusion of contracts with private and public companies in Iraq.
"The ministry can not directly contract with government companies without relying on the principle of competition," said Musab al-Mudar, a spokesman for the Ministry of Electricity.
"We at the Ministry of Electricity support the local product, but we are limited by the World Bank as the donor to the Ministry of Finance, which requires us to deal with private and public companies according to the principle of competition with other companies."
"The World Bank has set conditions, including that the specifications of the materials we contract to purchase are of a global quality, and that local companies, whether private or public, enter into competition with other companies according to the principle of quality and price competition."
The financial crisis suffered by Iraq since 2014 has forced the federal government to cut its expenses to a minimum and enter into negotiations with the World Bank to borrow money to cover the costs of the war against Da'ash and the reconstruction of liberated areas.
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