Minister of Planning and calls for the World Bank to support Iraq to overcome the budget deficit
Minister of Planning and calls for the World Bank to support Iraq to overcome the budget deficit
03/05/2015 10:55 GMT
Follow-up – and babysit – Search Planning Minister Salman Jumaili with World Bank Vice President for East and Africa Sunrise Hafez Ghanem, on Sunday, the possibility of the World Bank to support Iraq financially to cope with the budget deficit and the reconstruction of the liberated areas and help the displaced.
According to a ministry statement, the news agency public opinion received (and babysit) a copy of it, Jumaili said that “Iraq is not a poor country but it is a country with good economic potential qualify it to fulfill its financial obligations,” explaining that “exceptional circumstances experienced by the country during the last period marked by ferocious terrorist assault … on the security side and the resulting waves of displacement has affected negatively on the development plans, and accompanied by a drop in oil prices by about the latest case of a sudden lack of liquidity to address the situation. ”
He called Jumaili the World Bank to “provide support for Iraq by contributing to the financing of the reconstruction of the liberated areas Fund so that the fund is unable to perform his duties in those areas that have been to a lot of destruction long infrastructure and the role of citizens and various services,” he said. “The other problem that Iraq is facing today is the existence of a large number of ongoing and which has been the completion of the projects advanced rates but because of the lack of liquidity are no longer able to finance its continuation to be completed by the time timings. ”
Jumaili stressed that “the World Bank can work to finance investment projects that will provide more job opportunities to attract young people in addition to the agricultural sector, which is largely to be a key contributor in the formation of gross domestic product projects.”
For his part, World Bank Vice President Salman Hafiz expressed “willingness of the bank to provide all kinds of possible support for Iraq in addressing the budget deficit or the financing of the stalled projects,” revealing “a high-level technical delegation from the World Bank visited Iraq on the eighth of May to determine priorities and projects that the bank can contribute to the financing through Masiqdmh of loans in this area. ”
He said Ghanem said, “is eager to help Iraq Bank to enable it to cope with the economic crisis, which is going through a difficult and complex crisis,” adding that “the loans granted by the Bank of Iraq is soft loans and low-interest compared with those loans granted by organizations or international banks.”
alrayy.com
