Basra prompted Baghdad to give securities of funds amounting to $ 10 billion
December 29, 2015



Basra Governorate Council, demanded Tuesday the Federal Government by giving securities of funds amounting to $ 10 billion, and among these bonds as collateral will attract global companies to implement projects in the province, stressed that the security situation in Basra back to stability.

The head of the Basra Governorate Council Franck morning reporters obtained the economy agency manage Basra want bonds from the Federal Government in order to attract international companies to work in conservative government guarantees. "

Franck said that "in Basra, the Federal Government owes nearly $ 10 billion accumulated from previous budgets, and this is a debt to the Government, we hope to give it to the Mayor, even if in the form of bonds.

Franck noted that "the Mayor is keen on keeping some money to some projects, and plans to implement many projects through long-term loan payment.

Provincial Council Chief reiterated "if those funds were given Basra, it could attract large global companies to implement projects in the province.


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