Posted on 10/12/2003 9:19:48 PM PDT by Pikamax
New York Just $6 bn needed for Iraq in 2004 Reuters
(Reuters) - Iraq can absorb only $6 billion in infrastructure aid next year, World Bank economists said, a target that the US and its international allies can likely meet, according to a New York Times report last Thursday. A World Bank report has concluded that Iraq can only take in about that amount since it takes months or years to plan projects, the Times said. Some international organizations have said Iraq needs a total of $55 billion over the next four years. Bush administration officials said on Wednesday that the World Bank's 2004 assessment could likely be met by the United States with other international assistance, according to the Times. Countries or regions expected to help foot the bill include Japan and Europe, the newspaper said.
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