Dinar Reporter (IQDUSD)

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Finance: reform of the pension system through the advice of the World Bank

Luna / Tuesday March 18 / Baghdad / The Finance Minister Baqir Jabr Zubaidi during his meeting Danilla Christian Vice President of the World Bank and the accompanying delegation to the importance of reforming the pension system in Iraq through the provision of technical advice required for the calculation of pension descent through a sophisticated plan of action in accordance with the rules of pension world.

The minister added according to a statement today, Monday, that the IFS and private banks specialized () 4600 2008 and the Agricultural Bank shares in granting loans to small farmers have been supported worth 25 million dollars. In addition to the industrial bank, which had a distinctive role in the granting of loans to small industrialists and Iraqis who contributed to curtail unemployment rate.

He called on the minister to the importance of opening an office of the World Bank in Baghdad and the Ministry of Finance is ready to provide assistance to the opening of the office that will contribute to strengthening the ties of cooperation between Iraq and the World Bank, pointing to the importance of the regional presence of the World Bank in Iraq.

At the end of his minister praised the World Bank in cooperation with Iraq, pointing out that the Iraqi government has ratified the Convention on ensuring international investment (mica), which will open new horizons for cooperation between Iraq and international companies in the area of investment, reconstruction of this Convention has given a new dimension in the area of ensuring the rights of companies and investors in Iraq, which will support the reconstruction and development process effectively, which will be beneficial to the Iraqi people.

She Ms. Danilla Christian thanked the Minister of Finance and his substantial cooperation with the World Bank and the pursuit of the development of the banking system in Iraq, which will help Iraq to increase the efficiency of the new economy.


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