International Contract for Iraq

Al-Sabah, July 12 – The Iraqi Government has formed a Committee chaired by the United Nations for the preparation of an international contract, which is to be supported by the World Bank, in coordination with the International Monetary Fund (IMF) and regional financial organizations, as well as the original donor states.

The statement explained that the intended contract, apart from helping progress in political, economic and social fields over the next 5 years, would also concentrate on the development of mechanisms to serve the economic transformation of Iraq by offering the opportunity for integration in regional and international economies.

The statement said that the Iraqi Government considers this International Contract to be an important step towards the future development of the country.