The World Bank refrains from handing over the money of the Kuwait conference to Iraq and sets a condition for its disposal

The World Bank refrains from handing over the money of the Kuwait conference to Iraq and sets a condition for its disposal


Sunday 18 February 2018

BAGHDAD / A member of the Committee on Economy and Investment Representative Amer al-Fayez on Sunday revealed that the news that the World Bank's condition on the survival of the funds of the donors conference under his supervision is expected, noting that Iraq is globally diagnosed with a high corruption index, Money.
Al-Fayez told "Iraq News" that "the subject of the World Bank's requirement not to hand over the funds of the donors conference to the Iraqi government and keep them under his supervision in the disbursement of investment companies that aim to rebuild Iraq is expected, pointing out that at the beginning of the donor conference in Kuwait was a condition To deposit money in the Kuwaiti bank and disbursed in the form of payments on investment companies. "
He added that "this is expected because Iraq is diagnosed by the countries of the world, the rise of the corruption index in it and this led to the loss of confidence in the Iraqi institutions."
The informed sources talked about the existence of a condition for the World Bank not to grant funds to the Iraqi government and keep under his supervision in the disbursement of investment projects that will work in Iraq.




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The World Bank refuses to hand over money to the Kuwait conference for Iraq and sets a condition for its disposal






Since 2018-02-18

A member of the Committee on Economy and Investment Representative Amer al-Fayez, Sunday, that the news that talked about the condition of the World Bank on the survival of the funds of the donors conference under his supervision is expected, indicating that Iraq is globally diagnosed high corruption index and therefore there is fear of handing over money.

"The subject of the World Bank's requirement not to hand over the funds of the donors' conference to the Iraqi government and keeping them under its supervision in its disbursement to the investment companies that aim to rebuild Iraq is expected," Fayez said in a press statement read by Mawazin News. Donors in Kuwait there was a condition to deposit funds in the Kuwaiti bank and disbursed in the form of payments to investment companies. "

He explained that "this is expected because Iraq is diagnosed by the countries of the world, the high index of corruption in it and this led to the loss of confidence in Iraqi institutions."

The Economic Committee in the House of Representatives, earlier, that the loans granted to Iraq at the International Conference on Iraq Reconstruction, amounting to about $ 27 billion, will weigh the "burden" of the budget.

The Kuwait International Conference for the Reconstruction of Iraq was launched on Monday, February 12, 2018, and concluded on Wednesday 14 February.

Iraq also received non-sovereign loans, financing and project guarantees of $ 11.61 billion, through $ 1 billion Kuwait, 0.5 reconstruction exports from Saudi Arabia, $ 5,200 billion, $ 210 million, United Kingdom, $ 3.5 billion, and 1.2 Billion dollars)


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