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The World Bank will lend Iraq $ 1.5 billion
Baghdad / Ahmed Humaid
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The World Bank will lend Iraq $ 1.5 billion
Baghdad / Ahmed Humaid
The World Bank announced a new loan for Iraq worth $ 1.5 billion to help him to carry out reforms and improve public services and strengthen its economy.
And ensure that the loan financial guarantees from the United Kingdom of $ 372 million, as well as from Canada amounting to $ 72 million.
He said the World Bank's Middle East director Farid Belhaj , in a press statement seen by the "long" that "despite the continuation of the war and the fall in oil prices , Iraq is still performs repairs transition courage will work to protect its economic stability and lay the foundations of the development of the private sector in the long term and to achieve overall economic growth for all Iraqis, "adding that" Iraq 's reforms will also help in the expansion of social welfare services to reach more people in the community need. "
He added that " the Bank approved the allocation of $ 41.5 million for a program to improve the management of public expenditure in the country."
With this new loan will be the World Bank has increased its financial aid to Iraq how for about $ 3.4 billion, which includes helping the country rebuild areas recently liberated from al Daesh as well as improving transport routes.
And ensure that the loan financial guarantees from the United Kingdom of $ 372 million, as well as from Canada amounting to $ 72 million.
He said the World Bank's Middle East director Farid Belhaj , in a press statement seen by the "long" that "despite the continuation of the war and the fall in oil prices , Iraq is still performs repairs transition courage will work to protect its economic stability and lay the foundations of the development of the private sector in the long term and to achieve overall economic growth for all Iraqis, "adding that" Iraq 's reforms will also help in the expansion of social welfare services to reach more people in the community need. "
He added that " the Bank approved the allocation of $ 41.5 million for a program to improve the management of public expenditure in the country."
With this new loan will be the World Bank has increased its financial aid to Iraq how for about $ 3.4 billion, which includes helping the country rebuild areas recently liberated from al Daesh as well as improving transport routes.
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