The World Bank said Friday that public investment management in Iraq requires training of civil servants on procurement procedures, noting that Iraq has spent more than $ 51 billion on government procurement in 2014, more than 20% of the GDP of the country.
He stressed the World Bank said in a statement that "direct these revenues towards the development of the economy requires the development of an efficient system for the conclusion of government contracts," explaining that "the government procurement in Iraq have been affected as a result of decades of sanctions, war and instability, the conditions that created a system characterized by the absence of efficiency and rampant corruption." .
The World Bank stressed that the "procurement system that is outdated, coupled with the weakness of the country's infrastructure in the wake of wars and conflicts that have suffered, more than the cost of government investment is large and reduces revenues."
The statement said that "the World Bank and the Iraqi government, we launched in collaboration with the government of Iraqi universities, an innovative program to prepare professionals procurement staff to manage the procurement efficiently and impartially."
This "An assessment of the World Bank in 2012, the rampant corruption in the attribution of government contracts in Iraq weakened investors look to the business climate, and then it hurts the chances of increased foreign investment in the future" .anthy 29 / d 25
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