World Bank offers to Iraq to see funding for economic development

Economic Adviser to the Prime Minister predicted the appearance of Mohammed Saleh, said Friday that the World Bank loan does "affordable long-term" for Iraq end of the year 2016.

Saleh said in an interview during his participation meetings of Iraq with the current in the Jordanian capital Amman International IMF mission, said that "the World Bank mission that involved meetings provided the vision of funding for economic development in Iraq for the soft loan of about three billion dollars paid in stages, low interest and very long-term repayment, "noting that it comes in" the framework of a program for financing development in Iraq."

Saleh added that "the World Bank between the activities targeted by the loan, is the support of the federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister," stressing that "the loan will be spent over three years to coincide with the reformist trends in the activities of government management reform and modernization of payment systems and the social security and the fight against corruption and other things. "

He stressed that "the loan payout after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms," expected to "be executed loan to Iraq by the World Bank end of the year 2016". It is noteworthy that Iraq is currently engaged in the first review of the Stand-By Agreement with the IMF mission negotiations in the Jordanian capital, Amman, in order to complete the IMF loan in 2016 during the current year.

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