World Bank supports the Abadi reforms and pledges to increase its loan to Iraq

by **Ponee** Sat Sep 24, 2016 11:55 am

World Bank announced on Friday, expressed support financial procedures carried out by Prime Minister Haider al-Abadi, and his intention to expand the loan to cover the deficit budget next year, 2017, and to support the stability of the liberated areas and other provinces.

World Bank supports the Abadi reforms and pledges to increase its loan to Iraq 517048

He also confirmed that the Prime Minister for Financial Affairs Adviser, that the US administration and the International Monetary Fund promised more aid for the reconstruction of liberated areas in Iraq, revealed that there are more affordable to get out of the financial crisis experienced by the country loans.

This came during a meeting between Prime Minister Haider al-Abadi, in New York, the President of the World Bank Jim Yong Kim, according to a statement the media to his office, took the "long" version of it, where he praised Kim on "efforts by al-Abadi in spite of the significant challenges faced by Iraq, particularly in the financial field, "stressing that" the World Bank with those efforts and the duty to support Iraq at this stage. "

Office statement said that "Abadi and Kim emphasized the expansion of the World Bank loan to support the financial budget for the next 2017, and plug in, and support the stability of the liberated areas and other provinces and provide funds for the construction of bridges and water services, electricity, health and others, and the willingness of the World Bank to support more with the liberalization of Mosul" .

As was also agreement on the "speed up the implementation of projects in Basra, water, electricity and infrastructure field and all that is in the province and its citizens service and starting direct projects in the provinces."

The World Bank expressed "willingness to send experts and support investment in general and religious tourism, including in particular the development and create jobs through the private sector development as well as the expertise to train Iraqi cadres and the development of human development."

During the meeting, as well, "it agreed that the World Bank provides a study of the growth of the housing sector and the construction of housing units."

For his part, Prime Minister of Financial Affairs Adviser confirmed the appearance of Mohammed Saleh said that the US administration and the IMF promised more aid for the reconstruction of liberated areas in Iraq, stressing the need for coordination in this aid to speed up the reconstruction of liberated areas from the control of the organization Daesh.

He said the appearance of Mohammed Saleh in an interview with (long-Presse), that "during recent meetings in Washington DC between a number of countries and the Iraqi delegation headed by Prime Minister Haider al-Abadi, there was a very positive and promises from a number of countries and agencies for the reconstruction of Iraq," noting that "The Iraqi delegation headed by al-Abadi met with the President of the United States Barack Obama, the two sides touched on several areas, most notably to help Iraq."

Saleh added that "the US administration has promised that there will be more aid for the reconstruction of liberated areas in Iraq," noting that "the Iraqi delegation also met with a delegation from the International Monetary Fund, which he showed the other full readiness to help Iraq and stressed that the help it open without borders."

Saleh said that "there are more soft loans out of the financial crisis experienced by the country," asserting that "different countries confirmed their assistance to Iraq and should be coordinated in such aid and arrange them in order to accelerate the reconstruction of the areas liberated and also the reconstruction of other regions of Iraq."

The World Bank announced on Wednesday (September 21 2016), to support financial procedures carried out by Prime Minister Haider al-Abadi, and his intention to expand the loan to cover the deficit year budget next in 2017, and to support the stability of the liberated areas and other provinces, while pledged to carry out service projects in Basra, expressed readiness in general and religious tourism, including in particular the development.

The Prime Minister Haider al-Abadi, arrived on Monday (19 September 2016), to New York City to represent Iraq at meetings of the United Nations General Assembly, where he held meetings notably with the American Presidents series, Barack Obama, a Frenchman, Francois Hollande, and the Jordanian king, Abdullah God second.

It is noteworthy that Iraq has agreed with the International Monetary Fund and World Bank to provide financial umbrella him up to $ 20 billion, to overcome the financial crisis as a result of the sharp decline in oil prices and the war against Daesh.

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