The World Bank plans to invest $100 million in Iraq
Baghdad announced the World Bank for Reconstruction and Development, Tuesday, plan to invest $ 100 million in Iraq, indicating that the region has created an urgent need to provide the basic conditions necessary to stimulate growth and support the development of human beings.
said World Bank Vice President for Europe, Middle East and North Africa Dimitris Tsetserajus, “The company plans to invest nearly $ 100 million in Iraq over the next year 2013″, noting that it “has invested $ 400 million in Iraq during the past period and plans for further investments, and especially in the areas of infrastructure, manufacturing and the financial sector.”
He Tsetserajus “The Middle East and North Africa need to create 50 to 70 million jobs in the next decade,” pointing out that “events in the region in recent times has created an urgent need to provide the basic conditions necessary to stimulate growth and support human development.” and the World Bank for reconstruction and Altnumeiham past credit facility for a period of seven years worth $ 400 million for Zain Iraq, a company for mobile phone services subsidiary of Kuwait’s Zain, also invested in the AUB largest bank in Iraq in terms of market value. mention that the World Bank is one of the specialized agencies of the United Nations, which means Development, a group composed of five international organizations, responsible for financing countries for the purpose of development and reduce poverty, as well as to the promotion and protection of investment world, has started its activities to assist in the reconstruction of Europe after World War II.
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