Sunday 17-04-2016 | 5:08:2
Twilight News Iraq / expressed a desire to raise the funding ceiling by the World Bank in proportion to the magnitude of the challenges faced by the business and re-liberated areas from the grip of the terrorist organization Daash.
This came in the context of meetings and meetings conducted by the Finance Minister, Hoshyar Zebari, the spring meetings of the International Monetary Fund the sidelines of the World Bank held in Washington during the period 14 to 18 April 2016, according to a statement issued by the Iraqi Ministry of Finance.
The statement said that Zebari and his accompanying delegation met Sunday at the bank’s headquarters with Hafez Ghanem, World Bank Vice President for the Middle East and North Africa, the meeting was attended by a number of experts on bank support and funding programs.
The statement added that the minister reviewed during the meeting, the fields of cooperation and Bank-funded projects in Iraq and follow up its implementation, including projects in the Kurdistan region, and stressed the desire of the Iraqi government in the development of cooperation and raise the funding ceiling in order to commensurate with the scale of the challenges faced by Iraq, particularly in the field meet respects humanity and the reconstruction of liberated areas of Daash terrorist entity.
According to the statement, the two sides have expressed their satisfaction with the level of cooperation and a desire to develop a way that will help Iraq to overcome the economic and financial crisis afflicting the current stage, the bank’s readiness to consider the needs of Iraq and deal with them in a positive way.
The statement continued that the two sides expressed satisfaction with the level of cooperation and a desire to develop a way that will help Iraq to overcome the economic and financial crisis afflicting the current stage, the bank’s readiness to consider the needs of Iraq and deal with them in a positive way.
In a second statement Zebari continues his meetings and meetings with decision-makers in the International Monetary Fund in order to rally support for Iraq’s efforts to reach with the IMF agreement on the credit arrangement, which will provide financial resources to Iraq to help him overcome the current financial dogged on the one hand and give him easy access to the capital markets and access international financial support for the other.
The statement said Zebari met at IFAD headquarters with Mr. Foro Sawa, assistant managing director of the International Monetary Fund, as well as with Mr. Masood Ahmed Director of the Middle East and Central Asia Department of the Fund in the presence of a number of important figures, led by Mr. Hazem Bblaoa, Prime Minister of Egypt, former Executive Director the international Monetary Fund and the representative of the Arab group in the fund now.
The statement added that during the meetings to emphasize the need to reach agreement with the Fund ensures Iraq get credit arrangement as soon as possible, and work to overcome obstacles to achieve it.