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Tag: World Bank

The IMF & World Bank have Agreed in Resuming Lending to Iraq: Muhammad Saleh

The IMF & World Bank have Agreed in Resuming Lending to Iraq: Muhammad Saleh

The Economic Adviser to the Iraqi Prime Minister, Muhammad Saleh has announced to continue his meeting discussions with the International Monetary Fund in order to make a review of credit agreement because it will provide a loan of 5.4 billion U.S dollars. A number of Iraqi news media outlets quoted the statements of Saleh regarding the launch of a portion of loan estimated at 840 million U.S dollars by the next June. The statement indicated that a delegation of Iraqi…

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Why the World Bank decreased Financial Support for Iraq?

Why the World Bank decreased Financial Support for Iraq?

The Iraqi government is looking to implement the national reconciliation project in the country. This step will be taken due to the conditions imposed by the World Bank for providing financial support for Iraq. It has been interpreted by the financial specialists and observers regarding the retreatment by the financial support by the World Bank in the light of current financial crisis in the country and an increase in the federal budget deficit for the current year. This situation is…

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The IMF & World Bank are Trying to Pressurize the Iraqi Government: National Bloc

The IMF & World Bank are Trying to Pressurize the Iraqi Government: National Bloc

On Sunday, MP from the National Bloc Abdullah Al-Jubouri said that the Head of Iraqi Council of Ministers has planned to cancel some ministries and referred it as a part of reforms. Al-Jubouri further added that reforms process doesn’t mean to eliminate or merge Iraqi ministries. It would create more critical problems especially the wastage or misuse of public money. He indicated that wrong handling of the President of Council of Minister have produced confusion in the State Administration. Al-Jubouri…

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Rising Dollar Value would Reflect Negative Impact Internationally: IMF

Rising Dollar Value would Reflect Negative Impact Internationally: IMF

The International Monetary Fund (IMF) issued a warning that a massive increase in the Price of U.S dollar would reflect a negative impact on the countries that are dealing in U.S dollar currency and dealing with the United States. It would also create negative scenario on the economies of these countries. The IMF further said in its annual report that downfall in the price of crude of oil would affect and can cause a rise in the price of U.S…

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Iraqi PM Met with World Bank to Support Iraqi Private Sector

Iraqi PM Met with World Bank to Support Iraqi Private Sector

The Iraqi Prime Minister Haider Al Abadi fatigued the importance in generating job opportunities in many sectors in order to take up the unemployment momentum. The strength of mind of Iraqi government is not to focus only on petroleum products, but we need to execute with new mechanisms to support the Iraqi private sector. The Iraqi Prime Minister met with the World Bank’s Regional Director Farid Belhaj and fatigued the importance of creating new jobs in a number of different…

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World Bank Approved 350 million U.S Dollars for Iraq

World Bank Approved 350 million U.S Dollars for Iraq

On Saturday, The World Bank has announced that they are agreed in providing financial support worth 350 million U.S dollars in order to support the reconstruction process in Iraq. It is considered as a part of an extensive program that would be implemented for five year plan for reconstruction of infrastructure in Diyala and Salahuddin provinces. The World Bank has issued a statement that the World Bank has been approved an economic aid for Iraq of 350 million U.S dollars…

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Govt. Wants World Bank Intervention in Budget 2016 Formulation

Govt. Wants World Bank Intervention in Budget 2016 Formulation

According to our authentic source, the Council of Ministers from the Iraqi government has approved that the World Bank has become an essential partner in order for the establishment of public finances according to the federal budget to empower the economy of the country and to reform economic growth. The source further said that the Iraqi Finance Ministry needs international assistance in order to set targeted priorities for projects that are much needed by the ministries and to reform the…

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Loan Worth a Billion Dollar Being Discussed With World Bank: Zebari

Loan Worth a Billion Dollar Being Discussed With World Bank: Zebari

Iraqi Dinar 123 News:– On Wednesday, the Iraqi Finance Minister Hoshyar Zebari issued a statement after meeting with the Director of the Iraq program and the team of the World Bank in order to provide a financial support for Iraq. The Iraqi Finance Ministry has confirmed that this financial support would be more than a billion U.S dollars for the reconstruction process in Iraqi liberated areas from the terrorists and Daash. The Finance Ministry also said in a press statement…

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