Financial lift the World Bank’s strategy to the Council of Ministers to decide

Financial lift the World Bank’s strategy to the Council of Ministers to decide

The time on Saturday, 22 December / December 2012 07:15 | |

Baghdad / Orr News

Finance Ministry said it had raised the Bank’s strategy for Iraq for 2013 to the Council of Ministers for approval, indicating that among the items contained in the strategy, give Iraq a loan of $ 900 million.

Said Undersecretary Fadel Prophet “The Ministry of Finance submitted to the Council of Ministers World Bank’s strategy for Iraq for the next year and the latter authorized approval or not,” noting that “a clause in the strategy includes giving Iraq a loan financially facilitator $ 900 million, but until now, Iraq has not announced for his approval or rejection. ”

He added that “the Ministry of Finance has a vision possibility to accept the World Bank loan for some projects now that the ministry rejected a proposal of the bank to grant a loan for the purpose of training the staff, but there is a possibility for Iraq not to extend his dealings with the World Bank or reject loan or acceptance.”

The World Bank said in a statement Wednesday its intention to lend Iraq $ 900 million over 4 years, and called for the need to find good management of oil wealth and large human resources in Iraq, in addition to finding investment climate effectively will be the key to growth and job creation.

uragency