Austerity" forcing financial to negotiate with the World Bank for a new financial loan

27/07/2015 20:15 pm (Baghdad time)

Special - scales News
Chairman of the Committee of Construction and services parliamentary Nazim al-Saadi, on Monday, revealed that the Ministry of Finance in negotiations with the World Bank in order to get a second borrow it to move Almtovqh service projects in all governorates of Iraq.

Saadi told L / scales News /, that "the Ministry of Finance progressing now in negotiations with the World Bank to borrow a second financial loan," noting that "this loan will be service projects stalled in the whole of Iraq because of the austere financial budget for this year."

He said Chairman of the Committee of Construction and services parliamentary, that "Iraq has borrowed nearly Al850 million dollars from the World Bank for the reconstruction of liberated cities from the hand of regulation Daash terrorist", revealing at the same time that "the World Bank expressed his preparations for an initial submission of the second loan of Iraq."

It is said that "the World Bank said, earlier, agreed to provide financial aid worth $ 350 million to support rebuilding the infrastructure in Iraq, and between that aid is part of an extensive program implemented for five years in the provinces of Salahuddin and Diyala."

This "attributed the official spokesman for the office of Prime Minister Saad al-Hadithi's / scales News, earlier, the government resorted to options and solutions timely and of borrowing from the International Monetary Fund put internal bonds to cover necessary expenses."

The "economic expert on behalf of Jamil Antoine said L / scales News /, earlier, that Iraq is able to repay the borrowed from the World Bank earlier this month, in four years, indicating the importance of finding sources of income rather than relying on oil and taxes ".anthy 29/9 P