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Conscious / World Bank official confirms the bank's readiness to support Iraq in tackling the financial inability
03/05/2015
Conscious / Baghdad / m L
Search Planning Minister Salman Jumaili with World Bank Vice President for the Middle East and Africa, Hafez Ghanem, the possibility of the World Bank to support Iraq financially to cope with the budget deficit and the reconstruction of the liberated areas and help the displaced.
A statement MEMRI media center in the Ministry of Planning's ( and the Iraqi News Agency Information / INA ) for Jumaili as saying that "Iraq is not a poor country, and has good economic potential qualify it to fulfill its financial obligations," explaining that "exceptional circumstances experienced by the country during the last period marked by fierce terrorist assault ... on the security side and the resulting waves of displacement, affected negatively on the development plans, accompanied by a drop in oil prices by about a sudden, what the latest state of the lack of liquidity to address the situation. "
He called Jumaili the World Bank to "provide support for Iraq by contributing to the financing of the reconstruction of the liberated areas in order to fund this fund is unable to perform his duties in those areas that have been to a lot of destruction long infrastructure and the role of citizens and various services."
And: "The other problem facing Iraq today is the existence of a large number of which have been ongoing and the completion rates of the advanced projects, but due to lack of liquidity are no longer able to finance continued to be completed by the time timings".
He stressed "the possibility of the World Bank to work to finance investment projects that will provide more job opportunities to attract young people, in addition to the agricultural sector, which is largely to be a key contributor in the formation of gross domestic product projects."
For his part, Ghanem on "the bank's readiness to provide all kinds of possible support for Iraq in addressing the budget deficit or the financing of the stalled projects," revealing "a high-level technical delegation from the World Bank visited Iraq on the eighth of this month to determine the priorities and projects that the bank can contribute to the funding through Masiqdmh of loans in this area. "
He said Ghanem said, "is eager to help Iraq Bank to enable it to cope with the economic crisis, which is going through a difficult and complex crisis," noting that "loans granted by the Bank of Iraq is soft loans and low-interest compared with those loans granted by organizations or international banks."
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03/05/2015
Conscious / Baghdad / m L
Search Planning Minister Salman Jumaili with World Bank Vice President for the Middle East and Africa, Hafez Ghanem, the possibility of the World Bank to support Iraq financially to cope with the budget deficit and the reconstruction of the liberated areas and help the displaced.
A statement MEMRI media center in the Ministry of Planning's ( and the Iraqi News Agency Information / INA ) for Jumaili as saying that "Iraq is not a poor country, and has good economic potential qualify it to fulfill its financial obligations," explaining that "exceptional circumstances experienced by the country during the last period marked by fierce terrorist assault ... on the security side and the resulting waves of displacement, affected negatively on the development plans, accompanied by a drop in oil prices by about a sudden, what the latest state of the lack of liquidity to address the situation. "
He called Jumaili the World Bank to "provide support for Iraq by contributing to the financing of the reconstruction of the liberated areas in order to fund this fund is unable to perform his duties in those areas that have been to a lot of destruction long infrastructure and the role of citizens and various services."
And: "The other problem facing Iraq today is the existence of a large number of which have been ongoing and the completion rates of the advanced projects, but due to lack of liquidity are no longer able to finance continued to be completed by the time timings".
He stressed "the possibility of the World Bank to work to finance investment projects that will provide more job opportunities to attract young people, in addition to the agricultural sector, which is largely to be a key contributor in the formation of gross domestic product projects."
For his part, Ghanem on "the bank's readiness to provide all kinds of possible support for Iraq in addressing the budget deficit or the financing of the stalled projects," revealing "a high-level technical delegation from the World Bank visited Iraq on the eighth of this month to determine the priorities and projects that the bank can contribute to the funding through Masiqdmh of loans in this area. "
He said Ghanem said, "is eager to help Iraq Bank to enable it to cope with the economic crisis, which is going through a difficult and complex crisis," noting that "loans granted by the Bank of Iraq is soft loans and low-interest compared with those loans granted by organizations or international banks."
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