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Planning: The World Bank will suppor t the Social Development Fund, $ 50 million A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi "Internets" Economy News Baghdad: The Ministry of Planning, Wednesday, that the World Bank will support the SFD activities of $ 50 million in the form of a loan for a period of three years, adding that the provinces covered by the Social Fund for Development program is Muthanna, Salah al-Din and Dohuk. A spokesman for the Ministry of Planning, Abdul Zahra al-Hindawi said in an interview for "Economy News", "The ministry is working on the preparation of a law on the Social Fund for Development", adding that "the goal of the project is to alleviate poverty and address the humanitarian crisis through the financing of projects own that contribute to the provision of job opportunities for citizens. " He added that "the World Bank will support the activities of the Fund by $ 50 million in the form of a loan to Iraq for a period of three years and was agreed first applied in the provinces of Muthanna, Salah al-Din and Dohuk, with the support of representatives from civil society organizations and professors of universities and the private sector." It is worth mentioning that the Lebanese capital, Beirut witnessed at the beginning of this month, closed-door meeting between the Iraqi government and the International Monetary Fund and the representatives of the private sector in Iraq, it is hoped to be in the direct work of this project as soon as the end of the legal proceedings. Views 11 Date Added 19/07/2017
DinarThug posted a topic in Iraq & Dinar Related NewsCNN. Broadcasting That "This plan requires huge sums that do not correspond to the general economic situation of the country,"! (by don961] This is the reconstruction plan for liberated cities in Iraq Journal August 24, 2017 Baghdad - Journal News Vice-Chairman of the Committee on Economy and Investment Representative Harith al-Harithi said Thursday that the extent of the destruction in the cities that witnessed military operations after being controlled by the organization "Daash" very large. "The government has drawn up a plan for the reconstruction of the liberated cities for ten years starting from 2018 and extending until 2028 and will be in two phases," Al-Harithi told the Journal News. "This plan requires huge sums that do not correspond to the general economic situation of the country," he said. He pointed out that "the foreign companies developed for reconstruction offered their contracts to the government by way of payment of the term or contracts to be paid through the sale of oil in the long term," pointing out that "the government to the problem of returning displaced to their areas destroyed by 90% and there are infrastructure is exhausted and therefore displaced will remain In their camps until the completion of the reconstruction of their cities. " Al-Harithi said that [/size]"the figures estimated by the cost of reconstruction are estimated and not fixed," noting that "loans from donor countries do not constitute 1% of the cost of real reconstruction of liberated cities." "The government will announce a plan during the coming days when the military operations are completed and the land of Iraq is liberated from Da'ash," al-Harithi said. http://www.aljournal.com/link