Maliki reiterates Iraqi Banks’ need for International Bank’s expertise

Baghdad (IraqiNews.com) The Prime Minister Nouri al-Maliki stressed Iraq’s need for experiences of the World Bank to develop its financial and economic institutions.

A statement by the PM Office to Iraqi News (IraqiNews.com) cited that “PM Nouri al-Maliki met in his office in Baghdad the World Bank’s delegation and International Monetary Fund, headed by Mary Helen Pericnal, the representative of the World Bank.”

It added that “Maliki assured that Iraq appreciates the cooperation of the World Bank with Iraq and its efforts for the implementation of the ongoing understandings between the two sides,” pointing out that “Iraq stresses on the need to the experiences of the World Bank and what it can offer to support the development of its financial and economic institutions.”

Maliki stressed that “Iraq is a rich country and efforts are concentrated on the investment of these resources in order to achieve a better return and higher levels of performance and achieve economic prosperity.”

The statement continued saying that “For his part, Pericnal assured the determination of the World Bank and the IMF to continue to work for the implementation of the projects that the World Bank has promised to fund in the areas of energy and other sectors in Iraq.”

The International Monetary Fund representative stressed on the advisory role of the Bank to support Iraq, and said that “Our presence for a period of seven years in Iraq has earned us a good experience that we want to take advantage of them in the next stage through our support for various projects in Iraq.”