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Iraq and the Bank of Iraq sign a $ 200 million loan agreement to improve energy
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Iraq and the World Bank on Sunday signed a loan agreement worth 200 million dollars to improve energy in the southern regions of Iraq.
"The agreement comes as part of the joint work with the World Bank to support projects and provide services to citizens," said the Minister of Finance Fuad Hussein in an interview with "Alsumaria News" and read by "Economy News", noting that "the agreement comes mainly to support electricity projects in the southern provinces" .
"The country has problems not in production, but in the transmission and distribution of electricity," he said, adding that "this agreement comes in the area of solving part of the problem in the province of Basra and neighboring provinces."
For its part, said World Bank Representative Yara Salem, "The project will serve the southern provinces, which suffer from the problem of distribution and transmission of electricity," noting that "the provinces covered are Basra, Dhi Qar, Muthanna and Maysan."
She explained that "
Iraq suffers from frequent interruptions in electricity and increases in the summer with high temperatures, which leads to the use of civil and domestic generators to meet the shortage of energy.
"The country has problems not in production, but in the transmission and distribution of electricity," he said, adding that "this agreement comes in the area of solving part of the problem in the province of Basra and neighboring provinces."
For its part, said World Bank Representative Yara Salem, "The project will serve the southern provinces, which suffer from the problem of distribution and transmission of electricity," noting that "the provinces covered are Basra, Dhi Qar, Muthanna and Maysan."
She explained that "
Iraq suffers from frequent interruptions in electricity and increases in the summer with high temperatures, which leads to the use of civil and domestic generators to meet the shortage of energy.
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