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Finance Minister Hoshyar Zebari to discuss with the World Bank providing a loan of $ 1.7 billion for the liberated areas and reconstruction of Umm Qasr
Wrote: July 2, 2015
Finance Minister Hoshyar Zebari
The Ministry of Finance, the World Bank's intention to provide a loan to Iraq worth $ 1.7 billion, as pointed out the allocation of $ 350 million of the loan within the reconstruction of the liberated areas of the organization "Daash" operations.
The ministry said in a statement, seen by, "Babylonian", "The Finance Minister Hoshyar Zebari search, on Wednesday, with the Iraq Programme Director Robert existence and the World Bank team of experts and specialists in the economy and implementation of development programs, plans and programs of the bank to provide a loan to Iraq for humanitarian and development aid proposed."
The ministry said it was " due to the World Bank offers a loan of $ 1.7 billion, "indicating that it is within the amount" billion as financing development policy loan (DPL), and $ 350 million for reconstruction and stability to the liberated areas of Daash, and $ 350 million for the project through M Palace - Basra. "
She pointed out that "the government will take a series of reform measures in a number of facilities the economy to avoid wastage and the rationalization of expenditure."
The World Bank Group President Jim Yong Kim stressed, in (April 17, 2015), the full Bank of Iraq support in the face of challenges economic and financial, as pointed out that the bank will contribute to the financing of urgent projects related to the liberated areas, during a meeting with Prime Minister Haider al-Abadi.
It is noteworthy that world oil prices have recently experienced a significant decline is the first of its kind in five years, leading to damage to the economic situation in many of the countries, including Iraq.
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Wrote: July 2, 2015
Finance Minister Hoshyar Zebari
The Ministry of Finance, the World Bank's intention to provide a loan to Iraq worth $ 1.7 billion, as pointed out the allocation of $ 350 million of the loan within the reconstruction of the liberated areas of the organization "Daash" operations.
The ministry said in a statement, seen by, "Babylonian", "The Finance Minister Hoshyar Zebari search, on Wednesday, with the Iraq Programme Director Robert existence and the World Bank team of experts and specialists in the economy and implementation of development programs, plans and programs of the bank to provide a loan to Iraq for humanitarian and development aid proposed."
The ministry said it was " due to the World Bank offers a loan of $ 1.7 billion, "indicating that it is within the amount" billion as financing development policy loan (DPL), and $ 350 million for reconstruction and stability to the liberated areas of Daash, and $ 350 million for the project through M Palace - Basra. "
She pointed out that "the government will take a series of reform measures in a number of facilities the economy to avoid wastage and the rationalization of expenditure."
The World Bank Group President Jim Yong Kim stressed, in (April 17, 2015), the full Bank of Iraq support in the face of challenges economic and financial, as pointed out that the bank will contribute to the financing of urgent projects related to the liberated areas, during a meeting with Prime Minister Haider al-Abadi.
It is noteworthy that world oil prices have recently experienced a significant decline is the first of its kind in five years, leading to damage to the economic situation in many of the countries, including Iraq.
[You must be registered and logged in to see this link.]
