Iraq calls for the World Bank to help finance the budget through development loans

Iraq calls for the World Bank to help finance the budget through development loans


[ltr]2015/4/20 8:27 •[/ltr]
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[Baghdad-where]

Called Iraq, and his delegation during a meeting with a number of experts at the World Bank, to provide financial assistance to finance the budget by providing development loans, stressing the importance of Bank projects focus on vital sectors such electricity and power generation.


 A statement by the Ministry of Finance, on Monday, the agency received all of Iraq [where], a copy of "The minister, Hoshyar Zebari, and the delegation of the Ministry, held on Sunday, Group Vice President Middle East and North African countries and a large number of experts in the bank work with Hafez Ghanem meeting International in various disciplines in the presence of representatives of the bank in Iraq. "

He Zebari, according to the statement, on the "Welcome government visited the World Bank delegation close to Baghdad to discuss the emergency and urgent aid to displaced people and contribute to the process of stabilizing the liberated areas of terrorism Daash," and urged "the steps and procedural process for the support." 

And presentation of the World Bank delegation "the importance of Bank projects focus on basic and vital sectors such electricity and power generation." 

The statement noted that "the minister and members of the delegation of the budget and public debt and the Iraqi Fund for External Development Department, discussed Iraq's willingness to help the current Bank office in Baghdad to find a suitable building and the request to increase the number of bank employees." 

He pointed out that "the Iraqi delegation asked the World Bank delegation to provide financial assistance to finance the budget by providing development loans, said the delegation the importance of the adoption of the World Bank for the project study the water situation in the country, especially in conditions of water scarcity and improve the management and use of water resources in the country." 

The statement continued, "The delegation reviewed all World Bank projects in Iraq and lagging list, and urged the bank to the inclusion of projects within the investment plan for the budget."

The Iraqi delegation, called last Saturday, during his talks with the Executive Director of the Iraq Programme at the World Bank Mirza Hassan, drawers World Bank projects within the investment budget plan, stressing the need for meaningful cuts in vital programs such as energy and electricity. 

The World Bank Group President Jim Yong Kim, pledged during a meeting with Prime Minister Haider al-Abadi financial and Minister Hoshyar Zebari, last Friday, to send a high-level delegation to Baghdad to study the needs of the displaced and the reconstruction of the liberated areas Fund.

The Finance Minister, Hoshyar Zebari, said last Thursday that "Iraq may be required emergency funding of $ 400 million to $ 700 million from the International Monetary Fund," he said, adding that "the government has taken a final decision to issue government bonds worth $ 5 billion, and is still negotiating progress on their own terms ".anthy



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