The World Bank announces its readiness to support Iraq and restructure the loans granted to it
The World Bank announces its readiness to support Iraq and restructure the loans granted to it
04/28/2020 13:45
Baghdad today – Baghdad
On Tuesday, the World Bank announced its readiness to support Iraq and restructure its loans.
The media office of the Minister of Planning, Nuri al-Dulaimi, said in a statement that the latter “received Ramzi Numan, the representative of the World Bank in Iraq and his accompanying delegation, and during the meeting, a number of issues of common concern were discussed, and ways to enhance national efforts facing the emerging Corona Virus pandemic . ”
Al-Dulaimi appreciated, according to the statement, during the meeting attended by Undersecretary of the Ministry of Planning, Maher Hammad Johan, “the level of support provided by the World Bank mission to the efforts of the Iraqi government,” calling for “the restructuring of international support provided to Iraq according to the priorities of the current health and economic conditions.”
He pointed out that “the measures adopted by the Ministry to reduce these consequences at the immediate and medium levels, and to provide an integrated vision to address the future repercussions that the crisis will produce, represented by the high rates of poverty and unemployment, as a result of the economic downturn, the decline in growth rates, and the decline in gross domestic product . ”
He announced “the inclusion of governorates (Diwaniyah, Maysan, Dhi Qar, Wasit, Baghdad, Anbar, Diyala and Sulaimaniya) with the Social Fund for Development project supporting the Ministry’s strategic plans to reduce poverty, bringing the total of the included governorates to 11 governorates after including the governorates of (Muthanna, Salahuddin, and Dohuk ) In the past year, “stressing” adding the remaining provinces during the next year . ”
For his part, the resident representative of the World Bank in Iraq praised the minister’s efforts and the quick measures taken by the Ministry of Planning to face the repercussions of the current crisis, stressing that the World Bank is ready to provide possible support and restructure the loans granted to Iraq, in a way that contributes to protecting fragile segments of society.
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