Parliamentary Finance: The World Bank loan will solve the financial crisis temporarily

History of edits:: 2016/5/21 22:57 88 visits readable

He said a member of the parliamentary finance committee Majida al-Tamimi said the World Bank loan will solve part of the financial crisis temporarily.

According to Al-Tamimi said in a statement issued by its press office received by all of Iraq [where] a copy of it on Saturday that "Iraq is exposed to fierce financial crisis as a result of the lack of planning dramatically and useful over the past years is the inability of the growth was born under the left of the governamental staff that require annually large sums of money to fill their salaries.

The International Monetary Fund and the World Bank has granted Iraq last week, according to the Stand-By loan agreement worth $ 15 billion, in addition to a financial certification by the IMF gives him a chance to deal with all international banks with high confidence.

An Iraqi government delegation senior headed by Finance Minister Hoshyar Zebari held talks since last Saturday in the Jordanian capital Amman with the International Monetary Fund in order to conclude the credit readiness will provide Iraq with financial support to enable it to overcome the financial crisis and reduce the gap in the budget so as to enhance the economic and financial system reform process of agreement in the country.