Confirmations from the World Bank to assist Iraq in automation and financial management

Confirmations from the World Bank to assist Iraq in automation and financial management

3-26-2023

Confirmations from the World Bank to assist Iraq in automation and financial managementInformation / Baghdad…
On Sunday, the World Bank affirmed its full commitment to providing support and assistance to automate public financial management in Iraq.

And the Media Department of the House of Representatives stated in a statement received by Al-Maaloumah, that “the Finance Committee, headed by Representative Atwan Al-Atwani and in the presence of a number of its members, hosted a World Bank delegation to follow up on loans for projects funded by the Bank within the Federal General Budget Law for the year 2023, and the mechanism for automating the financial system in the country.” “.

And she added, “The committee welcomed at the outset of hosting the World Bank delegation in the Parliament building, appreciating the role of the World Bank in supporting the Iraqi government to finance the spending sections with the loans necessary to implement projects according to spending units, and joint cooperation between the two sides.”

And she continued, “The Finance Committee discussed finding appropriate solutions to implement the projects that were signed with the World Bank and how to finance spending units, in addition to reviewing to expedite the implementation of projects throughout Iraq, as well as the need to maximize revenues through the transition from the paper system to the electronic system.” .

And she indicated that “the committee listened to a delegation from the World Bank regarding its visit to the Ministry of Finance related to financing projects for spending units and disbursing loans in this regard, as well as briefing it on the vision of the Ministry of Finance on completing the points agreed upon in accordance with the new vision of the ministry, as the delegation indicated that there is the appropriate ground to achieve implementation steps.” projects, stressing his full commitment to provide support and assistance to automate public financial management in Iraq and achieve progress.

And she added, “The committee discussed with the World Bank the possibility of benefiting by providing assistance in preparing an integrated financial system project (ifms), providing a complete budget and preparing final accounts reports for the draft budget.”

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