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Iraq calls for the listing of World Bank projects within the investment budget plan
4/19/15
Iraq demanded 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.
A statement by the Ministry of Finance, on Sunday, the agency received all of Iraq [where], a copy of the "Finance Minister Hoshyar Zebari held, Saturday, and with the participation of Governor of the Central Bank and the delegation of the Ministry of Finance and Iraq's ambassador in Washington, technical discussions with the Executive Director of the Iraq Programme at the World Bank Mirza Hassan and members of the Iraq team in the bank. "
He said that "During the talks, the review of development programs implemented by the Bank in Iraq, said the Iraqi side on the need for Iraq to targeted programs in pieces vital, such as energy and electricity, and the need to set priorities as a student drawers World Bank projects within the investment budget in the country's plan."
The statement added that "it is scheduled to visit Iraq soon, a high-level delegation and the direction of the President of the World Bank Group to look closely for the emergency needs of the displaced and evaluate the Bank's contribution to the reconstruction of the liberated areas of fund terrorism Daash and propose the allocation of immediate financial assistance."
He said that "in the last meeting at the World Bank introduced a group of experts from the bank in the fields of economics and public finance policies and the implementation of the budget overview of the state of the Iraqi economy and the financial liquidity pressures on the budget required financial and administrative reforms."
He pointed out that "a team of experts conducted a comparative study with the suffocating financial crises suffered by Argentina, Turkey previously."
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.
According to a ministry statement, received by [where], that "During the meeting, the review of proposed projects in Iraq in the fields of water management, sanitation and power transmission lines, as well as emphasizing the importance of the World Bank support to the displaced and to contribute to the reconstruction of the liberated areas process as a priority for the government 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," adding that "the government has taken a final decision to issue government bonds worth $ 5 billion, and is still being negotiated on their own terms ".anthy
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