Home > Economy > World Bank allocates $250 million to restore basic infrastructure in Iraq

The World Bank announced the allocation of 250 million dollars to restore the basic infrastructure in the liberated areas in Iraq, while pointed out to the need for intensified efforts to fight ISIS.

UN Secretary General Ban Ki-moon and the President of the Islamic Bank said,

“The forces fighting against ISIS have used the skill and capacity of a variety of communities to reclaim Iraqi lands,”

pointing out that, “This success shows the power and impact Iraqis can have when they work together in common cause.”

The president of World Bank said,

“The World Bank allocated 250 million dollars to restore the basic infrastructure and public services in the liberated areas in Iraq.”

Also, the United Nations mission in Iraq announced on later date, that Japan will provide $23.5 million to Iraq to support the stability of the liberated areas from ISIS terrorist groups and in support of Iraq’s ability in its fight against the mentioned terrorist groups.

The United Nations mission in Iraq announced in a statement,

“The Government of Japan provided $23.5 million to the United Nations Development Program in Iraq to support the stability of the liberated areas from ISIS terrorist gangs, as well as enhancing Iraq’s ability to deal with crises,” pointing out that, “The grant will be transferred to the Funding Facility for Immediate Stabilization (FFIS).”

The statement added,

“The fund will help in the restoration of the public infrastructure, as well as strengthening the government’s ability and promoting community reconciliation.”

Article by: Ayad Elhite