World Bank Arm Stands by Iraq Mission Even After Massive Airport Contract Collapses

The Iraqi government cancelled a $764 million contract to overhaul Baghdad’s international airport amid allegations of corruption, with the IFC saying it followed due diligence and remaining committed to economic engagement; anonymous sources and Reuters cited potential irregularities in the tender process, and the move aligns with Prime Minister al-Zaidi’s anti-corruption campaign following recent high-profile raids and procurement scrutiny.