Iraq Signs Agreement with World Bank's IFC to Modernize Neglected Baghdad International Airport
Baghdad, Iraq – In a significant step toward revitalizing its transportation infrastructure, Iraq has recently signed a groundbreaking agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to modernize and upgrade the long-neglected Baghdad International Airport. The airport, once a bustling hub connecting Iraq to the world, has faced years of neglect due to various challenges, including conflict and underinvestment. However, this new partnership with the IFC marks a pivotal moment in Iraq's efforts to revamp its aviation sector and reestablish its status as a regional transportation hub. A Transformative Partnership The agreement, formalized in a signing ceremony attended by top government officials and representatives from the IFC, outlines a comprehensive plan to modernize key aspects of the airport, including infrastructure development, technological advancements, and operational efficiency enhancements. The IFC, ren