World Bank agrees to provide $350 million financial aid to Iraq
Representational file photo.
(IraqiNews.com) The World Bank announced on Thursday, that it agreed to provide financial aid worth $350 million to support rebuilding the infrastructure in Iraq, noting that the aid is a part of an extensive program implemented for five years in the provinces of Salahuddin and Diyali.
The World Bank said in a press statement followed by IraqiNews.com, “The World Bank has approved a package of financial aid worth $350 million to support rebuilding the infrastructure in Iraq and restoring the public services, as well as putting the economy on recovery in areas where conflict had receded” noting that, “The emergency operations in Iraq aims to respond to the crisis caused by the security situation and the sharp drop in world oil prices.”
The bank added, “The financial aid is a part of an extensive program that will be implemented for five years in the two affected provinces of Salahuddin and Diyali, along with seven cities; which are the cities of Tikrit, Dor, Dhuluiya, al-Alam, Jalawla and Saidiyah, and al-Azeem.”