The World Bank refuses to hand over money to the Kuwait conference for Iraq and sets a condition for its disposal

The World Bank refuses to hand over money to the Kuwait conference for Iraq and sets a condition for its disposal

2018-02-18 at 16:19 (Baghdad time)

The World Bank refuses to hand over money to the Kuwait conference for Iraq and sets a condition for its disposalBaghdad – Mawazine News
A member of the Committee on Economy and Investment Representative Amer al-Fayez, Sunday, that the news that talked about the condition of the World Bank on the survival of the funds of the donors conference under his supervision is expected, indicating that Iraq is globally diagnosed high corruption index and therefore there is fear of handing over money.
Al-Fayez said in a press statement, “The subject of the World Bank’s requirement not to hand over the funds of the donor conference to the Iraqi government and keeping it under its supervision in its disbursement to the investment companies that aspire to the reconstruction of Iraq is expected,” pointing out that ” Donors in Kuwait there was a condition to deposit funds in the Kuwaiti bank and disbursed in the form of payments to investment companies. ”
“This is expected because Iraq is diagnosed by the countries of the world, the rise of the corruption index in it and this led to the loss of confidence in the Iraqi institutions.”
The Economic Committee in the House of Representatives, earlier, that the loans granted to Iraq at the International Conference on Iraq Reconstruction, amounting to about $ 27 billion, will weigh the “burden” of the budget.
The Kuwait International Conference for the Reconstruction of Iraq was launched on Monday, February 12, 2018, and concluded on Wednesday 14 February.
Iraq also received non-sovereign loans, financing and project guarantees of $ 11.61 billion, through $ 1 billion Kuwait, 0.5 reconstruction exports from Saudi Arabia, $ 5,200 billion, $ 210 million, United Kingdom, $ 3.5 billion, and 1.2 Billion dollars)

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