Iraq is applying for membership of the European Bank

09-05-2018 02:01 PM


Iraq has submitted a formal request to become a member of the European Bank for Reconstruction and Development to receive support from it, the Reuters news agency reported on Wednesday.

The agency said that the Iraqi authorities have filed a formal request in a recent letter and that it is scheduledto discuss the request for membership in the meeting of the 66 governments to contribute to the bank in Jordan today.

"We can confirm that we received the application for membership, so that Iraq is the state of our operations, and we will ask this question to the shareholders to know their point of view and take a decision in this regard," said the bank spokesman.

"If Iraq succeeds, the number of countries in which the bank operates will be 30," he said.

The bank was set up in 1991 to help the former Soviet Union move towards capitalism and the free market. The MLB now operates from Morocco in North Africa through central and south-eastern Europe to Mongolia in East Asia.