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World Bank to Lend Iraq $1.7bn
July 4, 2015 in [You must be registered and logged in to see this link.]
By John Lee.
The World Bank had reportedly agreed to lend Iraq $1.7 billion (2.0 trillion Iraqi dinars) to help meet its budget deficit.
$1 billion of the amount will be a Development Policy Loan (DPL), with a further $350 million allocated to reconstruction and restoring stability to areas liberated from the Islamic State (IS, ISIL, ISIS), and another $350 million to build the Umm Qasr-Basra road.
The Ministry of Finance noted that the government will take a series of economic reform measures to avoid wastage and rationalise expenditure.
(Source: Reuters)
([You must be registered and logged in to see this link.] via Shutterstock)
[You must be registered and logged in to see this link.]
July 4, 2015 in [You must be registered and logged in to see this link.]
By John Lee.
The World Bank had reportedly agreed to lend Iraq $1.7 billion (2.0 trillion Iraqi dinars) to help meet its budget deficit.
$1 billion of the amount will be a Development Policy Loan (DPL), with a further $350 million allocated to reconstruction and restoring stability to areas liberated from the Islamic State (IS, ISIL, ISIS), and another $350 million to build the Umm Qasr-Basra road.
The Ministry of Finance noted that the government will take a series of economic reform measures to avoid wastage and rationalise expenditure.
(Source: Reuters)
([You must be registered and logged in to see this link.] via Shutterstock)
[You must be registered and logged in to see this link.]
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