» Home » Business News Iraq Directory Services Plans Subscription Contact us Site Map Help About Iraq $360 million from World Bank for financing projects in Iraq The Minister of Planning and Development Cooperation (Mr. Mahdi Al-Hafeth) defined 3 types of projects which will be financed by the International Monetary Fund (IMF) costing more than 360$ million. These projects are included in 3 domains, first stage of building abilities program costing $3.6million, projects of supplying school books costing $40 million in addition to 7 projects costing $317 million represented by project of developing structures of rural areas and $20 million to rehabilitate schools buildings. The second stage of building abilities program, $7 million to rehabilitate sewerage and water nets in Baghdad city, $60 million for a project of sewerage nets in Al-Sader city, a project of developing sewerage and waters nets in governorates costing $90 million and another project includes rehabilitation of medical sector with $25 million and 5 projects for developing private sector costing $55 million. The minister declared that these sums will be funded by International Monetary Fund (IMF) clarifying that the total deposited amount is $371 million from 13 countries for financing projects for some sectors, they are; 30% for medical and waters sectors, 16% for education sector, 12% for financial and private sectors, 5% for rural development, 1% for developing institutional abilities and 1% for medical sector. [Translated from Arabic] Iraq Business News Service Provided By : www.iraqdirectory.com © 2002-2004 Iraq Directory - All Rights Reserved