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$ 1.7 billion World Bank loan for Iraq
7/5/2015 0:00
BAGHDAD
World Bank plans to provide loans to Iraq totaling $ 1.7 billion in development loans without specifying the projects to be financed, what contribute to the reconstruction of the liberated areas of the gangs "Daash" terrorist. It confirmed the Ministry of Finance said in a statement the "morning" received a copy of the World Bank will provide loans to development of Iraq, under the circumstances faced by the country from the drop in oil revenues in charge of against terrorist attacks and military campaign, as it will use a loan of $ 350 million to rebuild the province of Diyala areas and the region surrounding the city of Tikrit, which was recovered three months ago, and will be allocated another $ 350 million in financing through a project linking the city of Basra in the south of the country or the port of Qsr.oppema regard, said the economist d. Majid picture "morning": that "the loans provided by international institutions usually be accessible and be within the agreed terms between the two sides." He added the picture that "the budget law and to fill therein deficit text on the need to resort to internal borrowing or external, especially as the country is going through an exceptional situation is unprecedented in being subjected to terrorist attacks by "Daash" gangs and occupation of areas of land that needs to finance military operations and reconstruction in the liberated areas. The expert considers that these amounts will lead to overloading of the country foreign obligations, promised "necessary means" to fill the budget deficit , along with the country's need to finance development projects, through facilities provided by external funding institutions. He also expressed hope in the implementation of these projects within a specific plan, and that the projects are outside the framework of the political bickering and bureaucracy, urging at the same time on the application of the law of financial management and public debt correctly and follow good governance in the money Alarac.tjdr noted that Iraq reached a month ago an agreement with the International Monetary Fund on a loan program worth $ 833 million, to contribute to the bridging of the general budget's deficit by about $ 25 billion, also plans country to issue bonds with five billion dollars to cover part of this deficit.
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7/5/2015 0:00
BAGHDAD
World Bank plans to provide loans to Iraq totaling $ 1.7 billion in development loans without specifying the projects to be financed, what contribute to the reconstruction of the liberated areas of the gangs "Daash" terrorist. It confirmed the Ministry of Finance said in a statement the "morning" received a copy of the World Bank will provide loans to development of Iraq, under the circumstances faced by the country from the drop in oil revenues in charge of against terrorist attacks and military campaign, as it will use a loan of $ 350 million to rebuild the province of Diyala areas and the region surrounding the city of Tikrit, which was recovered three months ago, and will be allocated another $ 350 million in financing through a project linking the city of Basra in the south of the country or the port of Qsr.oppema regard, said the economist d. Majid picture "morning": that "the loans provided by international institutions usually be accessible and be within the agreed terms between the two sides." He added the picture that "the budget law and to fill therein deficit text on the need to resort to internal borrowing or external, especially as the country is going through an exceptional situation is unprecedented in being subjected to terrorist attacks by "Daash" gangs and occupation of areas of land that needs to finance military operations and reconstruction in the liberated areas. The expert considers that these amounts will lead to overloading of the country foreign obligations, promised "necessary means" to fill the budget deficit , along with the country's need to finance development projects, through facilities provided by external funding institutions. He also expressed hope in the implementation of these projects within a specific plan, and that the projects are outside the framework of the political bickering and bureaucracy, urging at the same time on the application of the law of financial management and public debt correctly and follow good governance in the money Alarac.tjdr noted that Iraq reached a month ago an agreement with the International Monetary Fund on a loan program worth $ 833 million, to contribute to the bridging of the general budget's deficit by about $ 25 billion, also plans country to issue bonds with five billion dollars to cover part of this deficit.
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