Ministry of Planning: Iraq borrowed $100 million to buy vaccines

Iraqi Palm Agency

Tuesday, the Ministry of Planning announced that it would not stop any project funded by the World Bank, while indicating that Iraq borrowed $ 100 million to purchase vaccines.

The Undersecretary of the Ministry, Maher Hammad, told the Iraqi News Agency (INA), that "the ministry did not stop any projects funded by the World Bank within the general budget," noting that "any important project for the country is approved according to basic requirements, as the project is considered and the entity that adopts the financing in addition to details Loans provided by the Ministry of Finance.

He added, "The World Bank proposed disbursing the funds allocated to the delayed projects on operational issues, but we rejected them altogether," noting that "Iraq borrowed from the World Bank an amount of $ 100 million as a down payment on the purchase of vaccines for the Corona pandemic, as the Bank wanted to take this borrowing from The projects, but we asked him to take them from their treasury as a direct loan to the Ministry of Finance.”