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World Bank announces $ 4.7 billion contribution to Iraq reconstruction
World Bank President Jim Young-kim announced the World Bank's contribution of $ 4.7 billion to Iraq's reconstruction.
"The World Bank has increased its contribution to the reconstruction of Iraq from one million dollars in 2016 to 4.7 billion dollars to date," Kim said in his speech to the Iraq reconstruction conference and its follow-up, "The Economist News". "This money for the reconstruction of services and bridges construction and rehabilitation systems Water, electricity and job creation. "
He added that "the World Bank allocated $ 1 million to implement projects in seven cities, in addition to another $ 1.5 million to support the private sector and provide investments in transport systems, telecommunications, banking and agriculture."
"The World Bank is committed to increasing funding for Iraq and developing development strategies to improve investment and the private sector," he said.
Kim called on the Iraqi government to invest in human resources and develop them through education.
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