Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

The World Bank announces its readiness to restructure the loans granted to Iraq


Recommended Posts

The World Bank announces its readiness to restructure the loans granted to Iraq
 
20502.jpg
 
 
 
 
 
 

Economy News _ Baghdad

Ramzi Numan, the representative of the World Bank in Iraq, confirmed on Tuesday that the bank is ready to provide possible support and restructure the loans granted to Iraq, in a way that contributes to protecting the vulnerable segments of society.
A statement of the Ministry of Planning and received by "Al-Iqtisad News" said that Minister of Planning Nuri Sabah Al-Dulaimi received today at his office the resident representative of the World Bank in Iraq Ramzi Numan and his accompanying delegation. novel coronavirus. 
The statement added that during the meeting, the minister appreciated the level of support provided by the World Bank mission to the efforts of the Iraqi government, calling for the restructuring of international support provided to Iraq according to the priorities of the current health and economic conditions, indicating the measures adopted by the ministry to mitigate these consequences at the immediate and medium levels, and to provide An integrated vision to address the future repercussions that the crisis will produce, represented by the high rates of poverty and unemployment, as a result of the economic downturn, declining growth rates, and low gross domestic product.
He pointed out that he announced the inclusion of governorates (Al-Diwaniyah, Maysan, Dhi Qar, Wasit, Baghdad, Anbar, Diyala and Sulaimaniya) in the Social Fund for Development project supporting the Ministry's strategic plans for poverty alleviation, bringing the total of the included governorates to 11 governorates after including the governorates of Muthanna and Salah Religion, and Dohuk) last year, confirming adding the remaining governorates over the next year.
For his part, the resident representative of the World Bank in Iraq praised the efforts of the minister and the quick measures taken by the Ministry of Planning to face the repercussions of the current crisis, stressing the readiness of the World Bank to provide possible support and restructuring of loans granted to Iraq, and in such a way as to protect the vulnerable segments of society.

 

 
Number of views 22   Add Date 04/28/2020
 
 
  • Thanks 3
  • Upvote 2
Link to post
Share on other sites

Oil and China and Covid-19.... It sank oil prices.

 

What does this mean?

 

Iraq is looking for money from the World Bank??

 

This situation is gonna stick around for a while. It weakened oil producers. Trapped them because that's all they are selling. Trapped them into low oil prices....for a while. That's not a bad thing, from our point of view. Life is a series of trade-offs. Even in situations where many people lose, some people win. Who's winning? We are. It is obvious to everyone by now, the good news, the silver lining in the economic disaster the world now finds itself in: Iraq is no longer in control. The corrupt Iraq politicians need money from the world, much much more than the world needs their oil, because the world has too much oil now. So guess who is now in the driver's seat? We are. Guess who is really in charge? We are. So with low oil prices, Iraq is now begging the world to help them. Good news. Necessity is not only the Mother of Invention, it's also the Mother of Cooperation...... 

 

A good way to understand what is going on: This situation is a Chinese finger trap....and we aren't the ones who are  trapped. Iraq is trapped here. Let's not lose our sense of humor here. Nothing funny about Covid, but the trap Iraq is in, is kind of funny..... Grandma is not Iraq, but she is playing the role of Iraq here. A Chinese finger trap is playing the role of the low price trap that Iraq finds itself in.

 

Watch what happens....

 

Iraq is in a Chinese finger trap. Their only option is cooperation. In a Chinese finger trap, the harder you struggle, the worse it is for you. 

 

Give him hell, grandma! :jester: :cheesehead: 

 

 

  • Haha 3
  • Confused 1
  • Upvote 3
Link to post
Share on other sites
11 minutes ago, Rochester said:

WOW !!   Thanks Rochester !..again you made my day ..your posts have a lot of logic  !.. those unhappy guys have no other option but RV !!  I'm extremely positive  ( like all of you )1: 1 to start !!  .Go Iraq..Go !!  ;)...        ------------------------------:Oil and China and Covid-19.... It sank oil prices.

 

What does this mean?

 

Iraq is looking for money from the World Bank??

 

This situation is gonna stick around for a while. It weakened oil producers. Trapped them because that's all they are selling. Trapped them into low oil prices....for a while. That's not a bad thing, from our point of view. Life is a series of trade-offs. Even in situations where many people lose, some people win. Who's winning? We are. It is obvious to everyone by now, the good news, the silver lining in the economic disaster the world now finds itself in: Iraq is no longer in control. The corrupt Iraq politicians need money from the world, much much more than the world needs their oil, because the world has too much oil now. So guess who is now in the driver's seat? We are. Guess who is really in charge? We are. So with low oil prices, Iraq is now begging the world to help them. Good news. Necessity is not only the Mother of Invention, it's also the Mother of Cooperation...... 

 

A good way to understand what is going on: This situation is a Chinese finger trap....and we aren't the ones who are  trapped. Iraq is trapped here. Let's not lose our sense of humor here. Nothing funny about Covid, but the trap Iraq is in, is kind of funny..... Grandma is not Iraq, but she is playing the role of Iraq here. A Chinese finger trap is playing the role of the low price trap that Iraq finds itself in.

 

Watch what happens....

 

Iraq is in a Chinese finger trap. Their only option is cooperation. In a Chinese finger trap, the harder you struggle, the worse it is for you. 

 

Give him hell, grandma! :jester: :cheesehead: 

 

 

 

  • Thanks 1
  • Haha 1
Link to post
Share on other sites
27 minutes ago, Rochester said:

Oil and China and Covid-19.... It sank oil prices.

 

What does this mean?

 

Iraq is looking for money from the World Bank??

 

This situation is gonna stick around for a while. It weakened oil producers. Trapped them because that's all they are selling. Trapped them into low oil prices....for a while. That's not a bad thing, from our point of view. Life is a series of trade-offs. Even in situations where many people lose, some people win. Who's winning? We are. It is obvious to everyone by now, the good news, the silver lining in the economic disaster the world now finds itself in: Iraq is no longer in control. The corrupt Iraq politicians need money from the world, much much more than the world needs their oil, because the world has too much oil now. So guess who is now in the driver's seat? We are. Guess who is really in charge? We are. So with low oil prices, Iraq is now begging the world to help them. Good news. Necessity is not only the Mother of Invention, it's also the Mother of Cooperation...... 

 

A good way to understand what is going on: This situation is a Chinese finger trap....and we aren't the ones who are  trapped. Iraq is trapped here. Let's not lose our sense of humor here. Nothing funny about Covid, but the trap Iraq is in, is kind of funny..... Grandma is not Iraq, but she is playing the role of Iraq here. A Chinese finger trap is playing the role of the low price trap that Iraq finds itself in.

 

Watch what happens....

 

Iraq is in a Chinese finger trap. Their only option is cooperation. In a Chinese finger trap, the harder you struggle, the worse it is for you. 

 

Give him hell, grandma! :jester: :cheesehead: 

 

 

I did said it b4 but some of you guys not believe me..

  • Thanks 1
  • Haha 1
Link to post
Share on other sites
7 hours ago, Mary B said:

stressing the readiness of the World Bank to provide possible support system" rel="">support and restructuring of loans granted to Iraq, and in such a way as to protect the vulnerable segments of society

Could be time to make a good deal - hence possible support

  • Upvote 3
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.