Iraq Negociates More US & WB Loans. Is This A Ploy To buy Iraq More Time?

[Luigi1]

14 July 2015  IQD Updates...

 

WASHINGTON DC – Iraq said Sunday it had signed a $350 million loan package to finance emergency projects in territories reclaimed from the Islamic State group known as ISIS, or Daesh in Arabic.

The fund will be used for “emergency reconstruction of areas liberated from the Daesh terrorists,” the Iraqi finance ministry’s website said.

The agreement, signed in Baghdad by Iraqi Finance Minister Hoshyar Zebari and the World Bank’s director for the Middle East, Ferid Belhaj, is part of a larger package from the World Bank, aimed at developing infrastructure in Iraq.

“The loan comes in the framework of a technical and financial assistance from the World Bank that totals up to $1.7 billion in development plans in Iraq,” the ministry said.

In Washington in April, Zebari met with World Bank officials and called for $2 billion for the budget and for reconstruction in the liberated areas.

The war with ISIS and a drop in oil prices has placed a severe financial strain on Iraq, with its current budget running a $20 billion deficit.

 

Luigi asks...

Could these new loans delay the RV/RI?

Can Iraq stand on it's own by 2016?

Will Iran sep up as a team player in the region?

What impact will this have on their economy?

Is this more smoke & mirrors by the CABAL?

 

[sandfly]

THANKS

[SnowGlobe7]

is this the same loan that we were talking about last week from the World Bank?