Sabri: Iraq's imports fell by 70% from what it was before the formation of the current government
Since 03.23.2017
at 10:40 (Baghdad time)
Baghdad balances News
The spokesman for the office of Prime Minister Saad al-Hadithi, on Thursday, that Iraq's imports fell by 70% or more of what it was before the formation of the current government, forcing it to resort to external borrowing policy.
The newborn's / balances News /, "The reason for asylum Iraq into a political external borrowing is the decline in Iraq's imports increased by 70% or more from what it was before the formation of the current government because of the serious decline in oil prices," he said, adding "the previous period sold oil above $ 30 and the costs of producing companies $ 10 per barrel and a small part of what is left. "
He said, "Iraq has resorted to foreign loans when he signed on the standby credit in July of last year and the router got soft loans from the International Monetary Fund and the World Bank," Mushir that "those loans ratio of benefits to exceed Al1,5%, which is of lower loan interest rate He obtained by Iraq. "
He pointed out that "those loans did not include preconditions and also we did not impose the will of the external economic as he will not be subject to Iraq's economy at all, being a very long repayment period and interest rate of a few."
And on donor countries, said Sabri, said that "Iraq received aid from countries Germany, Japan, Italy and the European Union and the United States, where the money is spent within the framework of the donor program spending by international organizations and institutions, humanitarian belonging to the donor countries namely that Iraq had not received sums of practice absolutely, "pointing out that" the Iraqi government, in turn, offer visions, projects and logistical effort to take advantage of those grants. "
He predicted newborn, the advancement of the economy of Iraq during the period of the "four or five years to come due to the government's orientation to prepare an ambitious program to diversify the economy and to follow a rational policy in consumption and retrenchment of government spending and the trend towards alternative sources for oil," .anthy 29 / D 24
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