High-ranking delegation from the World Bank to visit Iraq next Friday to identify projects to be financed by
Visit Iraq next Friday a high-level technical delegation from the World Bank, to identify projects that can contribute to the bank financed through loans.
A statement by the Ministry of Planning, on Sunday, the agency received all of Iraq [where], a copy of "The minister Salman Jumaili, discussed with World Bank Vice President for Sunrise East and Africa Hafez Ghanem, the possibility of the World Bank to support Iraq financially to cope with the budget deficit and reconstruction the liberated areas and help the displaced. "
He expressed the World Bank Vice President Hafez Ghanem, according to the statement, about "the bank's readiness to provide all kinds of possible support for Iraq in addressing the budget deficit or the financing of the stalled projects," announcing "a high-level technical delegation from the World Bank visited Iraq on the eighth of May to identify priorities and projects that the bank can contribute to their financing through loans of what will be presented in this area. "
"The Bank is keen to help Iraq to enable it to cope with the economic crisis, which is going through a difficult and complex crisis," adding that "the loans granted by the Bank of Iraq is soft loans and low-interest compared with those loans granted by organizations or international banks."
The statement quoted al-Jumaili, saying that "Iraq is not a poor country but it is a country with good economic potential qualify it to meet its financial obligations," adding that "exceptional circumstances experienced by the country during the last period marked by the assault ... terrorist fierce on the security side and the resulting displacement waves have affected negatively on the development plans, accompanied by a drop in oil prices has brought about a sudden case of the lack of liquidity to address the situation. "
The World Bank called for "support for Iraq by contributing to the financing of the reconstruction of the liberated areas in order to fund this fund is unable to perform his duties in those areas that have been to a lot of long-destruction of its infrastructure and the role of citizens and various services."
Jumaili said, "The other problem facing Iraq today is the existence of a large number of which have been ongoing and the completion rates of the advanced projects, but because of the lack of liquidity are no longer able to finance continued to be completed by the time timings".
He said the "World Bank can work to finance investment projects that will provide more job opportunities to attract young people in addition to the agricultural sector, which is largely to be a key contributor in the formation of gross domestic product projects."
The Ministry of Finance, announced last Wednesday, the determination of a delegation from the World Bank to visit Iraq in May to discuss assess the needs of displaced people and ages of areas Mahrrh.anthy
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