Mawazin News

The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo

A senior Iraqi official in Baghdad revealed on Tuesday that the World Bank has informed Iraq of its unwillingness to discuss any new loan to Baghdad with the country’s current status.

The official said, “The option of external borrowing, as one of the government’s means to alleviate the financial crisis, is not raised due to assurances received from the World Bank that it is not ready to discuss any new loan to Baghdad in the current state of the country,” noting that “recent government decisions were unsuccessful and contributed to increasing Financial deficit.”

He added, “These decisions are represented in the employment packages launched by the government, and they were all courtesy motives at the expense of the actual need, and have so far reached more than a quarter of a million jobs.” Source