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

Tuesday 28th April 2020 - 14:02

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

Baghdad - INA

 

 The World Bank announced today, Tuesday, its willingness to provide possible support and restructuring of loans granted to Iraq.

 A statement of the ministry, received by the Iraqi News Agency (INA) a copy of it, that "Minister of Planning Nuri Sabah Al-Dulaimi received the resident representative of the World Bank in Iraq Ramzi Numan and his accompanying delegation. During the meeting, a number of issues of common concern were discussed, and ways to enhance national efforts to confront  To the emerging Corona Virus pandemic. "

 The statement pointed out that "the World Bank in Iraq expressed its readiness to provide possible support and restructuring of the loans granted to Iraq, in a manner that contributes to protecting fragile segments of society" - pointing out that "the Minister of Planning praised the level of support provided by the World Bank mission to the efforts of the Iraqi government."

 Al-Dulaimi called, according to the statement, "The World Bank to restructure the international support provided to Iraq according to the priorities of the current health and economic conditions, outlining 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, slower growth rates, and lower GDP. "