Financial representative denies Iraq sought to external borrowing

October 13, 2015 2:40 pm

The parliamentary Finance Committee today denied reports by some media about the Bank's refusal to lend Iraq $ 6 billion to bridge the budget deficit.

Committee member Massoud Haider said Iraq tried to by foreign securities via some international banks, indicating that Iraq requested about $ 2 million, but these banks set conditions Iraq called incapacitating to regardless of this.

There was some Iraqi attempts to withdraw the loans from Britain and America but the benefits requested by these big States, noting that the interest rate exceeds 11% and was also rejected by the Iraqi Government.

Referred to as the media dealt with Finance Minister Hoshyar Zebari, discussed with the Deputy Director-General of the International Monetary Fund and the Middle East and North Africa Fund Masood Ahmed out Iraq urgent financial assistance loan to the IMF to support the budget.