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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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The Minister of Planning of the World Bank: We will reduce external borrowing to its lowest levels

rocky
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The Minister of Planning of the World Bank: We will reduce external borrowing to its lowest levels Empty The Minister of Planning of the World Bank: We will reduce external borrowing to its lowest levels

Post by rocky Wed 15 Sep 2021, 7:10 am

The Minister of Planning of the World Bank: We will reduce external borrowing to its lowest levels

  •  Time: 09/15/2021 13:49:03
     
  •  Reading: 390 times

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{Economic: Al Furat News} Minister of Planning, Khaled Batal Al-Najm, confirmed today, Wednesday, that the ministry’s policies and the government’s directions are moving towards reducing external borrowing to its lowest levels, with the aim of reducing the burden of loans on the national economy.
Al-Najm said while chairing an expanded meeting, which included representatives of the ministries of finance, electricity, construction, housing, municipalities, transport, water resources, agriculture, the Baghdad Municipality and the Fund for the Reconstruction of Liberated Areas, with the representative of the World Bank in Iraq, Ramzi Numan, that “external borrowing will be absolutely necessary, and in only two cases, the first, The great importance of the project, and the second is the lack of cash to implement this project.”
He stressed that "the ministry will not list or approve any project, unless it meets all the requirements, foremost of which is the feasibility study," calling "the concerned ministries that have projects funded by the World Bank loan, to expedite the completion of these projects, and to benefit from the loan funds." currently available."
A statement by the ministry indicated that "during the meeting, the problems and obstacles facing the implementation of projects financed by the World Bank were discussed, focusing on projects with low rates of implementation, and the reasons for delaying their completion."
The Minister of Planning directed the formation of a joint committee that includes representatives from the Ministry of Planning, the World Bank and relevant authorities, to follow up on the implementation of these projects, and to develop mechanisms and proposals that contribute to the speed of completion.
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