World Bank to provide $500m loan to Iraq

The Managing Director of the World Bank (WB) said that the international firm is willing to support the Iraqi government's efforts to restore economic activities in the war-torn country, Iraq Directory reported.

The WB official indicated that the bank has pledged to deliver a $500 million loan to Iraq in order to boost the economic situation despite the security conditions. He added that the bank will improve Iraq's power sector as soon as the government allows international investments in oil resources.

World Bank up to their old tricks. Swamp the nation in debt and demand privatization of assets.

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