World Bank grants Iraq $ 900 million

10/10/2012 08:12

World Bank said near launch program "strategic national partnership with Iraq" which will finance various projects worth a total of around 900 million, and aims to strengthen the rules of government institutions to improve their ability to manage financial resources, and strengthening and diversifying the economy and sustainable development, as well as to revive and develop the basic services and social protection network. "

She drew represented the World Bank in Baghdad Maria Helen, through extensive dialogue that was conducted with the (morning), that the World Bank decided to set up the strategy for the conviction full recovery Iraq and out of the crises encountered during the past years. With criticized Helen economic laws in Iraq, which said it was "frustrating and unattractive for investment", called on the government to "undo" a little bit and make way for the private sector, to take its role and achieve growth rates of being able to contribute to the development and construction of the country

She emphasized that all financial allocations by the state to eliminate unemployment, will not achieve its goals without reviving the private sector, which said that he could absorb the unemployed and operating at rates equivalent to rates of government.

On the other hand, Helen revealed initiate the World Bank to establish economic court in Basra, aimed at resolving conflicts that exist between private investment companies, domestic or foreign, and between government agencies.

And hinted Helen that the bank strives to fund projects that could contribute to reviving the national economy fully in Iraq, particularly agricultural and industrial projects and irrigation projects, as well as his efforts in the development of some other services كالمجاري water and combat unemployment and poverty and the fight against illiteracy.

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