World Bank reveals the nature of loans granted to Iraq

World Bank reveals the nature of loans granted to Iraq

Thursday, February 15, 2018 at 13:55 pm

World Bank reveals the nature of loans granted to IraqBaghdad / Sky Press:

The World Bank revealed the nature of the loans it gives to Iraq and its financial ceilings, pointing out that it does not impose conditions on the Iraqi government, but is keen to achieve reforms that attract investment, while stressing his commitment to work with Iraq, whatever the need to build the state, provided that sail in the right track.

“We are determining what measures should be taken in the country to embark on long-term development,” Zawahra newspaper quoted the director of Mashreq at the World Bank, Sarun Jacumar, as saying. “There is a program with the Iraqi government to help it with fiscal, To fit the most vulnerable segments of the different regions of Iraq, and we have support for the government worth one billion dollars each year by the World Bank. ”

“The World Bank is committed to working with Iraq, whatever its need to build the state,” he said. “The bank does not impose conditions on Iraq in return for a loan grant and works to secure the necessary financial instruments with the Iraqi government to carry out reforms that attract investment.”

“In Iraq, we have a program that highlights financial and social reforms to address the most fragile areas in Iraq,” he said.

“We are not working at the local level, and the World Bank is committed to working with Iraq no matter how much it needs to build the state,” he said. “All resources will ensure that Iraq is on track.”

He called on all investment companies to “continue to implement projects in Iraq in cooperation with the World Bank,” pointing out that “human investment is the most important for the development and economic recovery and the restoration of Iraq’s infrastructure.”

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