Committee: the World Bank loan will strengthen the federal budget resources
Baghdad (newsletter) … He is a member of the Finance Committee of the National Alliance MP Abdul Prince Paul, the proposal by the World Bank to grant Iraq financial loan value (900) million, as it will contribute to the implementation of service projects and significant development in the country.
He said Paul (News News Agency): the federal budget amounts to more than 138 trillion Iraqi dinars, while it’s big but not sufficient to implement many projects needed by the country, especially services and infrastructure projects.
He added that the proposal made by the World Bank to grant Iraq financially estimated loan (900) million general budget resources will promote, and will have a positive impact on the country’s economic side, that have a significant negative impact on the economy in terms of increasing interest.
The World Bank pledged earlier to lending to Iraq (900) million over the next four years, under a plan to help create jobs and build stronger institutions.