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The first external funding for the reconstruction of the war and the cost of $ 10 million per day
7/13/2015
World Bank ready to lend to Iraq billion dollars to help the government to control the budget deficit.
BAGHDAD / Obelisk: Iraq has signed the Convention on the World Bank loan of $ 350 million, Sunday, to finance the reconstruction of emergency in the towns that have been edited from Daash operations. The reports said that the cost of the war on the value Daash per day $ 10 million.
Baghdad says it is the first international help get them to rebuild war-ravaged areas.
As he and Finance Minister Hoshyar Zebari that about one-third of this amount will be allocated to repair roads and bridges and the like will go to repair electricity and water and sanitation networks.
Iraq faces a budget deficit of up to $ 20 billion this year, with the decline in oil revenues and high cost incurred because of the war on the organization Daash.
The Daash has enjoyed a number of territories in northern and western Iraq but were expelled from parts of the provinces of Diyala, Salahuddin, north of Baghdad, during clashes with the popular crowd and security services the international coalition forces under the cover of air strikes.
Zebari said during the signing of the loan agreement in Baghdad ceremony, "This is the first direct tangible support to the efforts of reconstruction and stability which led the government to bring life back to normal in the areas liberated from the grip of Daash."
He said that the loan will be repaid in 15 years, interest rate of one percent and a grace period of five years.
Zebari said Iraq also got commitments from the United States, the European Union and Japan to provide for the government to fund reconstruction efforts financial support also received separate commitments from European countries for the same purpose, adding that Sunday is the first agreement in the completion of this road.
And regained the popular crowd and security services the city of Tikrit, hometown of the dictatorial regime head three months ago.
But serious damage and bombs left by the fighting as well as to the concerns of the population from exposure to reprisals have led Daash again, and filtering operations between tribes.
The World Bank is preparing to lend to Iraq billion dollars to help the government to control the budget deficit.
Bank officials say that the program, which is awaiting approval by the Board of Directors aims to improve energy efficiency and the reform of state-owned enterprises and improve the effectiveness of public spending.
And confirms that the specialists money that has been spent in the war on Daash billions of dollars.
The Finance Committee has confirmed that the value of the cost of the war on Daash per day $ 10 million.
Pointing out that a large part of these expenses paid in aid from the international coalition countries and the other part of the friendly and neighboring countries of Iraq The remaining Vihmlh Iraq, which greatly affected the economic and financial situation.
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7/13/2015
World Bank ready to lend to Iraq billion dollars to help the government to control the budget deficit.
BAGHDAD / Obelisk: Iraq has signed the Convention on the World Bank loan of $ 350 million, Sunday, to finance the reconstruction of emergency in the towns that have been edited from Daash operations. The reports said that the cost of the war on the value Daash per day $ 10 million.
Baghdad says it is the first international help get them to rebuild war-ravaged areas.
As he and Finance Minister Hoshyar Zebari that about one-third of this amount will be allocated to repair roads and bridges and the like will go to repair electricity and water and sanitation networks.
Iraq faces a budget deficit of up to $ 20 billion this year, with the decline in oil revenues and high cost incurred because of the war on the organization Daash.
The Daash has enjoyed a number of territories in northern and western Iraq but were expelled from parts of the provinces of Diyala, Salahuddin, north of Baghdad, during clashes with the popular crowd and security services the international coalition forces under the cover of air strikes.
Zebari said during the signing of the loan agreement in Baghdad ceremony, "This is the first direct tangible support to the efforts of reconstruction and stability which led the government to bring life back to normal in the areas liberated from the grip of Daash."
He said that the loan will be repaid in 15 years, interest rate of one percent and a grace period of five years.
Zebari said Iraq also got commitments from the United States, the European Union and Japan to provide for the government to fund reconstruction efforts financial support also received separate commitments from European countries for the same purpose, adding that Sunday is the first agreement in the completion of this road.
And regained the popular crowd and security services the city of Tikrit, hometown of the dictatorial regime head three months ago.
But serious damage and bombs left by the fighting as well as to the concerns of the population from exposure to reprisals have led Daash again, and filtering operations between tribes.
The World Bank is preparing to lend to Iraq billion dollars to help the government to control the budget deficit.
Bank officials say that the program, which is awaiting approval by the Board of Directors aims to improve energy efficiency and the reform of state-owned enterprises and improve the effectiveness of public spending.
And confirms that the specialists money that has been spent in the war on Daash billions of dollars.
The Finance Committee has confirmed that the value of the cost of the war on Daash per day $ 10 million.
Pointing out that a large part of these expenses paid in aid from the international coalition countries and the other part of the friendly and neighboring countries of Iraq The remaining Vihmlh Iraq, which greatly affected the economic and financial situation.
[You must be registered and logged in to see this link.]
