Government intervention of the World Bank as a partner in the formulation of the budget in 2016
Government intervention of the World Bank as a partner in the formulation of the budget in 2016
09.07.2015 seven past four p.m.
{Baghdad: Euphrates News} revealed a senior source in the Council of Ministers for government approval for the introduction of the World Bank as an essential partner in the formulation of public finances on the federal budget in accordance with the required economic reforms.
The source said to the media, including {Euphrates News} “The Ministry of Finance wants international assistance; to arrange Matrix priorities for projects required by the ministries, and modify the doors of disbursement,” noting that “the required amendments of the World Bank will be based on the items listed in the program government, announced Abadi moment formation of the current government. ”
He added that “the government has asked the World Bank loan of one billion dollars; to bridge the shortfall in the budget due to lower global oil prices,” adding that “the World Bank agreed to grant the loan in exchange for conditions related to an real administrative and economic reforms in the government system, the most prominent stop recruitment and activation of the private sector. ”
The government program presented by Prime Minister Haider al-Abadi includes several paragraphs concerning the activation of the private sector, and an administrative and legal reforms to revive the overall national economy. It ended up as h
alforatnews.com
