Iraq Joins The Membership Of The European Bank For Reconstruction And Development, 22 MARCH

Iraq Joins The Membership Of The European Bank For Reconstruction And Development

 local    Yesterday, 10:30   Baghdad – INA  The Iraqi Fund for External Development in the Ministry of Finance announced today, Wednesday, that the Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law.

The Fund said in a statement received by the Iraqi News Agency (INA):

“The Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law, which comes within the Ministry’s vision of strengthening frameworks of cooperation and communication between Iraq and institutions.” International Finance, after the Fund’s continuous coordination with the European Bank’s management, the completion of Iraq’s contribution process, and the completion of all documents related to accession.”

He added,  "Joining will enable the European Bank to

     finance projects within the country,

     promote development for various sectors,

     support the entrepreneurship initiative, and

     support the private sector through investments and

     participation in policy dialogue and technical assistance," pointing out that

"the European Bank for Reconstruction and Development (EBRD) is a multi-faceted development bank." Parties, headquartered in London,

the bank focuses on investment as a tool to rebuild market economies in beneficiary countries, with an emphasis on supporting the private sector and its investments in advisory and political activities.

 The bank also helps countries develop their policies to promote energy self-sufficiency or renewable energy markets.  https://www.ina.iq/205337--.html