Home
Because of the lack of confidence of the Iraqi legal and judicial system, the World Bank is the guarantor for foreign investment in Iraq
Published December 13, 2014
The Ministry of Transport reveal the signing of a memorandum of understanding with the World Bank to support the public and private sectors Revealed that the Ministry of Transport, on Monday, announced the signing of a memorandum of understanding with the World Bank include support for the partnership between the sectors of public transport and private as well as the promotion of investment projects in the Iraqi transport sector. The ministry said in a statement received "time", a copy of "Transport Minister Baqir al-Zubaidi, today received a delegation from the World Bank headed by the Special Representative of the Mission Bank for International Iraqi Robert Bo, director of the International Finance Corporation in Iraq Ziad Al-Bader, and the specialist's oldest bank International Ibrahim Dajani. The statement added, "The meeting discussed the prospects of cooperation between the Ministry of Transport and the World Bank in Iraq on the financing of strategic projects in the ministry, which includes railways, airports sector and the port of Faw and open new horizons for cooperation with the World Bank as a major sponsor to bring investment in the region. The statement said, "The meeting stressed the need to take advantage of international expertise and specialized in this field. In order to get up and construction, investment and activate the role of the private sector that the State can not advancement without the help or participation of the private sector in order to serve the public interest and the goal that many seek to achieve." .
The statement pointed out that "the signing of the Memorandum of Understanding between the Ministry of Transport and represented by art dealer of the Ministry and the Director of the International Finance Corporation in Iraq (private sector), a representative of the World Bank in Iraq."
The statement continued, "The purpose of the signing of the MOU is to support the partnership between the public sector and the private sector in Iraq and encourage the private sector to invest in transportation projects that contribute to the development and rehabilitation of Iraq's transport sector."
For his part, Mr. technical agent of the Ministry of banks Rakane said, according to a statement that "this note is very important for the Ministry of Transport with the participation of IFC, one of the arms of the World Bank concerned with providing advice and provide funding to co-financing projects between the government and the private sector to carry out studies and financial consulting, legal and technical projects, the ministry and contribute in financing and convince investors to contribute
[You must be registered and logged in to see this link.]
Published December 13, 2014
The Ministry of Transport reveal the signing of a memorandum of understanding with the World Bank to support the public and private sectors Revealed that the Ministry of Transport, on Monday, announced the signing of a memorandum of understanding with the World Bank include support for the partnership between the sectors of public transport and private as well as the promotion of investment projects in the Iraqi transport sector. The ministry said in a statement received "time", a copy of "Transport Minister Baqir al-Zubaidi, today received a delegation from the World Bank headed by the Special Representative of the Mission Bank for International Iraqi Robert Bo, director of the International Finance Corporation in Iraq Ziad Al-Bader, and the specialist's oldest bank International Ibrahim Dajani. The statement added, "The meeting discussed the prospects of cooperation between the Ministry of Transport and the World Bank in Iraq on the financing of strategic projects in the ministry, which includes railways, airports sector and the port of Faw and open new horizons for cooperation with the World Bank as a major sponsor to bring investment in the region. The statement said, "The meeting stressed the need to take advantage of international expertise and specialized in this field. In order to get up and construction, investment and activate the role of the private sector that the State can not advancement without the help or participation of the private sector in order to serve the public interest and the goal that many seek to achieve." .
The statement pointed out that "the signing of the Memorandum of Understanding between the Ministry of Transport and represented by art dealer of the Ministry and the Director of the International Finance Corporation in Iraq (private sector), a representative of the World Bank in Iraq."
The statement continued, "The purpose of the signing of the MOU is to support the partnership between the public sector and the private sector in Iraq and encourage the private sector to invest in transportation projects that contribute to the development and rehabilitation of Iraq's transport sector."
For his part, Mr. technical agent of the Ministry of banks Rakane said, according to a statement that "this note is very important for the Ministry of Transport with the participation of IFC, one of the arms of the World Bank concerned with providing advice and provide funding to co-financing projects between the government and the private sector to carry out studies and financial consulting, legal and technical projects, the ministry and contribute in financing and convince investors to contribute
[You must be registered and logged in to see this link.]
