BAGHDAD/ Aswat al-Iraq: The World Bank pledged $900 million to Iraq during the coming four years to assist it to create new work opportunities, institutional support and better living standards.

In a statement by the bank, reported by Russia Today, that this amount will serve the strategy made by the Iraqi government and the World Bank.

Iraq has the fourth world oil reserves, which supports its budget by 95%.

According to the World Bank, this new strategy will enable Iraq administer it is oil and metallurgical resources in a suitable way.