MOP: Iraq borrows $100 million for vaccines purchase

INA - Baghdad

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

"The ministry did not stop any projects funded by the World Bank within the general budget," said the Undersecretary of the Ministry, Maher Hammad, to the Iraqi News Agency (INA). 

Hammad noted, "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 of loans provided by the Ministry of Finance,”


"The World Bank proposed disbursing the funds allocated to the delayed projects on operational issues, but we rejected it altogether," he noted, adding 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, and the Bank wanted to take this borrowing from the projects, but we asked to take them from their treasury as a direct loan to the Ministry of Finance,”

He pointed out, "We do not give money from projects,”