World Bank: Economic situation in Iraq is getting better soon

World Bank: Economic situation in Iraq is getting better soon

1/2/2015 0:00

World BankA planned visit by its delegations to assist in the financial crisis
BAGHDAD – morning
predicted the World Bank improved economic situation in Iraq in the next few stage, while the government’s media office of the Prime Minister revealed the anticipated visits to the delegations from the World Bank to Baghdad to support Iraq in the face of the financial and economic its crises.
He said the country director of the bank in Iraq, Robert quality PU, in a statement singled out the “morning”, said the bank is now working with the government within the strategy that have been created in partnership with them to help in a number of projects in order to provide better services to the people in the field of electricity, water, roads and advisory services.
He said the project is with the ministries concerned, stressing that these projects will help to create new jobs as well as help the government in the field of investment development.
hinted Abu quality that the economic situation could be improved in the next few stage, despite the correlation of this improvement rising world oil prices.
In addition, the Information Office revealed the government of Prime Minister for a planned visits to the delegations from the World Bank to Baghdad to support Iraq in the face of the financial and economic its crises, while stressing the government to take immediate and strategic measures to address the budget deficit.
He said government spokesman Saad al-Hadithi “morning”: The delegations of experts and representatives from the World Bank Baghdad will visit soon to provide support for Iraq and coordination with the government to develop a perception of a strategy to restructure the economy and the development of the private sector and encouraging investment to cope with the financial and economic crisis.
He said Sabri said that “the Prime Minister, during his recent interview of Switzerland called on the international community to provide more support for Iraq and the continuation of talks between the leaders of and the men of the economy and the formulation of a common vision and a course of action in Baghdad also held talks with the World Bank director, who has expressed willingness to send delegations and specialized agencies to assist the government to carry out economic and financial reforms and private sector development ».
and on the government’s processors to meet the deficit, newborn for the government to take measures to detect the Moi point deficit including real-time, including the strategy, noting that of 25 trillion dinars deficit could be described as “not a big» under the new speculative price you put the barrel of oil, expected to decline with the return of high oil prices, the middle of this year.
The newborn: that “Among those measures activation of investment, agriculture, industry and the private sector sector, as a committee was formed to monitor the priorities of exchange and identify the doors of government exchange where will emerge by sub-committees to study the pressure expenses and address the doors of government spending, as the central bank stood ready to supplement the industrial and agricultural banks with loans to support those sectors, in addition to the development of the sector tax after sending the Income Tax Act and ensure that no damage poor classes and the imposition of fees and tariffs to increase imports ».
He stated that the government is working to support the investment sector and encourage according to the program through the creation of safeguards and legislation serve investors and reduce the red tape and bureaucracy and corruption to attract companies and investors and restructure the Iraqi banking sector .

alsabaah.iq