Middle East Economic Survey

VOL. XLVII

No 27

05-July-2004

IRAQ RECONSTRUCTION

World Bank Recognizes Interim Iraqi Government

The World Bank on 29 June announced that it was recognizing the Interim Iraqi Government as the legitimate, de jure government of Iraq, paving the way for the resumption of lending to the country. All that remains for the banks full re-engagement with Iraq is the repayment of arrears of around $100mn, and an improvement in the security situation the bank has worked from...