Corruption fears prevent the World Bank from handing over the money of the Kuwait conference to the Iraqi government

Member of the parliamentary economy: expected …


18/02/2018 – 22:58

Economy / Iraq

A member of the Committee on Economy and Investment Representative Amer al-Fayez, Sunday, that the news that talked about the condition of the World Bank on the survival of the funds of the donors conference under his supervision is expected, indicating that Iraq is globally diagnosed high corruption index and therefore there is fear of handing over money.

Al-Fayez said in a press statement that “the subject of the World Bank’s requirement not to hand over the funds of the donor conference to the Iraqi government and keeping it under his supervision in the disbursement of investment companies that aspire to the reconstruction of Iraq is expected,” pointing out that “at the beginning of the donor conference in Kuwait, To deposit money in the Kuwaiti bank and disbursed in the form of payments to investment companies. ”

Adding that “this is expected because Iraq is diagnosed by the countries of the world high corruption index in this and led to loss of confidence in Iraqi institutions.”

The Economic Committee in the Iraqi parliament, earlier, that the loans granted to Iraq at the International Conference on Iraq Reconstruction, amounting to about $ 27 billion, will weigh the “burden” of the budget.

The Kuwait International Conference for the Reconstruction of Iraq began in Kuwait on Monday, 12 February 2018, and lasted until the 14th.

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