Baghdad, Minister of Finance, Taif Sami Muhammad, discussed with the International Finance Corporation at the World Bank support for economic development projects.

A statement by the ministry stated: “The minister received today, Wednesday, the delegation of the International Finance Corporation for the Middle East and Asia, affiliated to the World Bank Group, headed by the investment officer, Julie Kalos, and Bilal Rabah, the resident representative of the Group in Iraq, and in the presence of the Director General of the Iraqi Fund for External Development, Mrs. Breen Abdel Salam.”

The statement added: “The importance of the role played by the International Finance Corporation alongside the Iraqi government in advancing sustainable development projects in Iraq was discussed, including supporting renewable energy projects and electrical interconnection with neighboring countries, and enhancing opportunities to involve the private sector alongside the public in implementing the reform national economy strategy.”

The Minister stressed the importance of the studies and consultations provided by the International Finance Corporation in the field of capacity building and technical cooperation to achieve the goals of sustainable development, especially with regard to environmental rehabilitation projects, the reconstruction of liberated cities and economic reform, stressing the Ministry of Finance’s keenness to enhance the work process and coordination with the International Finance Corporation to stimulate growth the private sector and job creation in Iraq.

She added: “Iraq is looking forward to more support from the World Bank Group to implement the national strategic goals in addition to the structural reform programs adopted by the new Iraqi government,” calling for strengthening cooperation and coordination between Iraq and the World Bank and expressing the necessary assistance to overcome the obstacles facing the institution’s work in Iraq.

Source: National Iraq News Agency