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Found 1 result

  1. Representative of the World Bank to Al-Sabah: There is great suppor t for the reform paper adopted by the government Monday 08th February 2021 384 Baghdad: Hazem Muhammad Habib The Resident Representative of the World Bank in Iraq, Ramzi Numan, confirmed that the bank supports the Iraqi government in several directions to get out of the current economic crisis, and that there is great support for the white reform paper adopted by the government in order to get out of the crisis, and while he called for a comprehensive reform in the Iraqi banking sector In an interview with Al-Sabah, he stressed that the Iraqi society is a “youth society” that can rise in the country if its energies are properly and seriously invested. The following is the text of the dialogue: In light of the current economic situation, the “Corona” crisis and the global economic crisis, what are the frameworks? The World Bank cooperated with Iraq to help it out of this crisis? It must be noted first, that the experience and history of the World Bank to work with the government and people of Iraq extends for a long history of projects that have been jointly worked on, but the current bank is currently working more closely with the Iraqi government to face emerging and accumulating crises that are added to the existing problems. In Iraq, and the consequent decline in oil prices, protests, the Corona pandemic and its health, economic and social consequences that have formed a great burden on the country, and these conditions are the worst since the year 2003 for a single economy dependent on oil, and there is a fact that all this left great burdens reflected on the ability of The Iraqi government in dealing with emergency needs.The World Bank has set up a very large financial portfolio file for the projects it implements in Iraq, and this portfolio is directed to several destinations, whether reconstruction projects for areas liberated from “ISIS” gangs or to face the social crises that have arisen from this matter, in addition to some other projects that work On structural reforms in the economy, and we are working hard with the government to approach solutions to emergency crises and keep pace with the reform white paper initiative put forward by Prime Minister Mustafa Al-Kazemi
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