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The World Bank funded projects stalled
5/4/2015 0:00
BAGHDAD - morning
expressed the World Bank is ready to provide all kinds of possible support for Iraq in the area of the budget deficit and financing of projects Almtoagafh.jae treatment during his talks Planning Minister Salman Jumaili with World Bank Vice President for the Middle East and Africa Hafez Ganm.obin Jumaili that «Iraq is not a poor country, but it is a country with good economic potential qualify it to fulfill its financial obligations», adding that «the exceptional circumstances experienced by the country during the last term marked by fierce terrorist assault ... on the security side and the resulting waves of displacement negatively affected the development plans »He called the minister during the meeting of the World Bank to« provide support for Iraq by contributing to the financing of the reconstruction of the liberated areas Fund so the 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 ». He said in a statement, said that «The other problem facing Iraq today is the existence of a large number of ongoing and which has been the completion of an advanced rates which projects, but because of the lack of liquidity are no longer able to finance its continuation to be completed by the time timings» .ohdd minister according to the statement on The «can the World Bank to work on the financing of investment projects that will provide more job opportunities to attract young people, in addition to the agricultural sector, which is largely to be a major contributor in the composition of GDP projects«.
For his part, World Bank Vice President Hafez Ghanem's readiness Bank to provide all kinds of possible support for Iraq in the area of the budget deficit or funding stalled projects addressing.
and revealed that a high-level technical delegation from the World Bank to visit Iraq on the eighth of May to determine priorities and projects that the bank can contribute to the financing through submitted from loans in this area
, he said Ghanem said «keen to help Iraq Bank to enable it to cope with the economic crisis that is going through a difficult and complex crisis», adding that «the 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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5/4/2015 0:00
BAGHDAD - morning
expressed the World Bank is ready to provide all kinds of possible support for Iraq in the area of the budget deficit and financing of projects Almtoagafh.jae treatment during his talks Planning Minister Salman Jumaili with World Bank Vice President for the Middle East and Africa Hafez Ganm.obin Jumaili that «Iraq is not a poor country, but it is a country with good economic potential qualify it to fulfill its financial obligations», adding that «the exceptional circumstances experienced by the country during the last term marked by fierce terrorist assault ... on the security side and the resulting waves of displacement negatively affected the development plans »He called the minister during the meeting of the World Bank to« provide support for Iraq by contributing to the financing of the reconstruction of the liberated areas Fund so the 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 ». He said in a statement, said that «The other problem facing Iraq today is the existence of a large number of ongoing and which has been the completion of an advanced rates which projects, but because of the lack of liquidity are no longer able to finance its continuation to be completed by the time timings» .ohdd minister according to the statement on The «can the World Bank to work on the financing of investment projects that will provide more job opportunities to attract young people, in addition to the agricultural sector, which is largely to be a major contributor in the composition of GDP projects«.
For his part, World Bank Vice President Hafez Ghanem's readiness Bank to provide all kinds of possible support for Iraq in the area of the budget deficit or funding stalled projects addressing.
and revealed that a high-level technical delegation from the World Bank to visit Iraq on the eighth of May to determine priorities and projects that the bank can contribute to the financing through submitted from loans in this area
, he said Ghanem said «keen to help Iraq Bank to enable it to cope with the economic crisis that is going through a difficult and complex crisis», adding that «the 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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