Parliamentary Finance: actual reasons not clear to us to borrow from Europe

Views 34 Last updated 24/04/2016 - 00:21 Content

Economy News / special

Parliamentary Finance Committee asked the Finance Ministry to clarify the actual reasons behind borrowing from different European countries .

Said committee member Majda al - Tamimi in an interview for "Economy News", that the Finance Ministry borrowed funds from the International Islamic Bank but will not indicate the reason for borrowing so far, indicating that it is possible that these loans constitute an additional burden for the state , given that oil prices are still in decline .

Tamimi and demanded the government guidance funds these loans to productive projects out of the economic crisis and not rely on oil as a source of funds .

And he had sought the finance minister , Hoshyar Zebari, last week, with a number of US officials , US Treasury secretary as well as the World Bank and the IMF the possibility of helping Iraq to get out of the financial crisis.

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