logo
Iraq reviews projects financed by World Bank

Iraq reviews projects financed by World Bank

Iraqi News28-04-2025

Baghdad (IraqiNews.com) – An Iraqi delegation headed by Finance Minister Taif Sami and the World Bank's Vice President for the Middle East and North Africa (MENA) region, Ousmane Dione, recently discussed projects funded by the financial institution, particularly the railway project in Iraq.
The two sides met on the sidelines of their participation in the 2025 Spring Meetings of the World Bank and the International Monetary Fund (IMF) taking place from April 21 to 26, according to a statement cited by the Iraqi News Agency (INA).
The two sides committed to evaluating how these projects are being carried out, spotting any problems, and coming up with solutions to guarantee that they were finished on schedule.
The meeting addressed the government's top objectives for upcoming projects that the World Bank may fund, including waste management, renewable energy, and transportation projects, especially those involving the metro, airports, and railroads.
Sami and Dione talked about Iraq's human development, which will be included in the World Bank's plans to provide funding and start new initiatives in the fields of social protection, employment, health, and education.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UK's Agrium Capital to Build Infant Formula Plant in Iraq
UK's Agrium Capital to Build Infant Formula Plant in Iraq

Iraq Business

time43 minutes ago

  • Iraq Business

UK's Agrium Capital to Build Infant Formula Plant in Iraq

By John Lee. The Iraq Development Fund has reportedly signed a memorandum of understanding with British firm Agrium Capital to establish Iraq's first modern infant formula production facility, with a planned capital expenditure exceeding $200 million. The plant, which will use locally sourced ingredients including Iraqi milk, is expected to meet 85 percent of the domestic market's demand, reducing Iraq's reliance on imports and enabling improved quality oversight. State-run Iraqi News Agency (INA) quotes Agrium Capital Managing Director, Rod Bassett, as saying that the company operates globally with around 3,000 employees and is now focusing on food security and renewable energy. He emphasised Iraq's strategic importance and noted the company's 15-year presence in the Iraqi market. The factory will have a production capacity of 25,000 tonnes annually, and is the first in a series of planned investments in Iraq's industrial sector. (Source: INA)

Iraqi Start-Up secures Funding to Expand Across ME
Iraqi Start-Up secures Funding to Expand Across ME

Iraq Business

time43 minutes ago

  • Iraq Business

Iraqi Start-Up secures Funding to Expand Across ME

By John Lee. ToolMart, an Iraqi-based e-commerce platform that sells tools and hardware products, has successfully closed its seed funding round led by Plus VC and Oasis500, along with prominent angel investors from across the region. The newly-secured capital will be used to accelerate the company's growth, expand its workforce, and scale operations into new markets in the Middle East. Since its launch, Toolmart has aimed to simplify industrial procurement and boost efficiency for purchasing teams. The platform has fulfilled over 10,000 orders, added more than 35,000 products, and currently serves over 100 companies across the region. This funding milestone marks a new chapter focused on platform development, enhanced customer experience, and supplier network expansion. The company expressed its appreciation to all partners and clients for their trust and support, reaffirming its commitment to reliable service delivery. (Source: ToolMart)

New Food Processing Plant opens in Al-Mahmoudiya
New Food Processing Plant opens in Al-Mahmoudiya

Iraq Business

time43 minutes ago

  • Iraq Business

New Food Processing Plant opens in Al-Mahmoudiya

By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has officially opened the United Arab Company for Food Industries factories in Al-Mahmoudiya, south of Baghdad. The first phase includes pasta and noodle factories built on 20 percent of the 123-dunam [12 hectares; 30 acres] site, with an investment of 128 billion Iraqi dinars [$98 million]. The company currently employs 800 staff and aims to grow its workforce to over 1,000, targeting both the domestic and export markets. Al-Sudani emphasised that while the government will facilitate investment and regulation, the private sector must lead Iraq's industrial renaissance. (Source: Media Office of the Prime Minister)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store