Baghdad / resource news
Today, Sunday, the President of the Republic, Abdul Latif Rashid, stressed the importance of strengthening cooperation between Iraq and the World Bank.
A statement by the Presidency of the Republic stated, “The President of the Republic, Abdul Latif Rashid, received today, Sunday, at the Baghdad Palace, a delegation from the World Bank.”
Rashid said, “Iraq is one of the active countries in the international community and one of the founders of the United Nations, the World Bank and the League of Arab States, stressing the need to strengthen and expand relations with the World Bank.”
He added, “It is important for the international community to know that Iraq, since the defeat of ISIS, has become more politically, security and economically stable, in order to encourage investments and capital to work in the country.”
And the President of the Republic noted that “the Iraqi government is serious about developing plans, programs and laws that are directly related to the needs of citizens by advancing the economy, infrastructure projects and supporting the private sector.”
He explained, “The most important challenges facing the country is the climate change crisis that threatens the world as a whole, as well as the water problem with neighboring countries, stressing the presence of joint delegations exchanging dialogues to reach successful solutions for a more equitable distribution of water shares commensurate with the increase in the population.”
Rashid continued, “What exacerbates the water crisis is waste and the absence of the required organization, pointing out that the relevant Iraqi government agencies have plans drawn up by specialists that need action and implementation more than the need for conferences and meetings.”
The statement pointed out that “during the meeting, aspects of existing cooperation between Iraq and the World Bank were reviewed in the financial and economic sectors, and the need for the banking system in Iraq to develop in a way that is more rapid, accurate, safe and transparent was emphasized, in addition to emphasizing the importance of diversifying sources of national income.” And not relying solely on oil by strengthening the agricultural and industrial sector.
For his part, “the World Bank delegation affirmed its optimism about the future of Iraq due to its rich human and natural resources, expressing the World Bank’s aspiration to enhance cooperation with Iraq in order to develop its economy.”