World Bank assistance to Iraq exceeded one billion dollars

World Bank assistance to Iraq exceeded one billion dollars


2013-06-25



 

 

BAGHDAD / JD / .. Revealed the advisers to the Presidency of the Council of Ministers that the aid provided by the World Bank to Iraq exceeded the billion dollars, while the World Bank presented a report confirming that the amounts spent on projects amounted to about $ 430 million.
A statement issued by the Authority received / JD / copy of it: held at the headquarters of the Tenth Meeting of the Follow-up Committee of projects funded by the World Bank co-chaired by the President of the advisers and the Chairman of the Committee Thamer Ghadhban and Mary Helen country team president of the World Bank in Iraq.
According to the statement, the meeting was attended by representatives of the Ministries of Finance and Planning and Construction and Housing and Education and Municipalities and Public Works and the Municipality of Baghdad, along with a number of experts and consultants in the body.
The head of the body Thamer Abbas Ghadbaan: the evaluation meeting experience with the World Bank since 2003, marked by the implementation of projects funded to provide loans, grants and capacity building, as well as take advantage of the lessons learned from that experience.
He Anger: The relationship with the World Bank and after the development of security and economic situation in Iraq and the fact that among the countries medium-term, the future cooperation will take a new pattern for the new strategy of the Bank and will be according to the pivotal two key World Bank loans for Reconstruction and Development (IBRD) and technical assistance expenses paid (RTA).
  The Chairman pointed out that the World Bank assistance to Iraq amounted to about $ 495 million for projects and grants 508 million dollars in loans from the International Development Association (IDA).
For its part, provided the World Bank representative clarification about the most important achievements of the bank through the lessons learned in 2009, which was submitted in 2012, which summarizes the results of the study of the International Fund for the reconstruction of Iraq (IRFFI), as well as give donors responsibility annex International and the need to give importance to the results of isolation from the implementation.
According to reports, the amounts spent on projects by the ministries to the end of 2012 amounted to about $ 430 million.
It is noteworthy that these projects were carried out on the basis of the World Bank and the instructions for procurement and financial management and entrusted after 2004 to monitor the implementation of projects and financial performance of the Trust Fund.
The statement said: During the meeting was to review the pros and problems by some ministries, including problems concerning the provision of land for projects and legal problems, and the need to end all details related to before the start of the project to avoid delays in delivery, with an emphasis on the need for cooperation between the ministries concerned.
Have also been identified which was easily pros and clarity and coherence of standard documents used during the contracting process, as well as financial procedures characterized by transparency and speed in order to avoid bureaucracy.
The statement noted that the monitoring committee of World Bank projects have been completed realization where will close the World Bank on June 30, 2013 the realization of which was completed in the method described above will begin a new phase between him and Iraq, according to a strategy of cooperation for three years approved by the Council of Ministers agreed on the way up again. / End / 22 /
 




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