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A three-stage project to support the Iraqi poor

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A three-stage project to support the Iraqi poor

Post by RamblerNash on Mon Sep 24, 2018 11:10 am

A three-stage project to support the Iraqi poor

Launched by the World Bank with an initial capital of $ 300 million

24/09/2018 - 01:17 Iraq

The World Bank and the Iraqi government launched a project for the Social Fund for Development in the country with an initial capital of $ 300 million.

The Ministry of Planning said in a statement that the project will be implemented in three stages; the first will include the provinces of Muthanna (south) and Salahuddin (north) and Dahuk (north).

The project aims to improve living conditions, provide opportunities for the poor and the disadvantaged and improve their access to services and jobs.

The Iraqi cities are witnessing popular demonstrations demanding the most basic services, including drinking water and electricity, has been killed and wounded dozens in these protests, at a time when Iraq is the second largest oil producer in OPEC after Saudi Arabia.

In the second phase, the project will include three other governorates (not identified), and in the third phase will include all governorates of Iraq.

The ministry noted that the value of the five-year project is a concessional loan from the World Bank.

The project also targets education, health, water and small economic infrastructure, and plans to reach markets and strengthen the capacity of MFIs to support the development of SMEs.

Iraqi Minister of Planning Salman al-Jumaili said at the end of last year that the poverty rate rose to 30%, up 6.5% from the previously announced in 2013.

A study by the Gallup Institute of Public Opinion Studies showed that 2017 was one of the most suffering years in the world in more than a decade, and identified the most affected countries in the opinion of the population of 145 countries.

The study found that the most suffering country in the world is the Central African Republic, which replaced Iraq in the first place in the classification, according to the so-called "negative experience index," where Central Africa got 61 points in this classification, the largest negative index in the history of studies globally .


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