Parliamentary investment: our generations will pay outs government loans to develop the economy

12.19.2015 at 12:55 (GMT Baghdad)

Special - scales News
Admitted deputy chairman of the economic and investment commission parliamentary Harith al-Harthy, the Sabbath, not to the government's desire to promote the Iraqi economy and to provide adequate financial liquidity for banks affiliate, as he emphasized that foreign loans will be repaid through the generations each year.

He said Al-Harthy's / scales News /, that "Iraq is suffering heavily from foreign loans but monetary policy is heavily dependent on external lending", calling for "reliance on domestic borrowing by the Central Bank of Iraq."

He added, "The state is determined to resort to the World Bank and borrow from it in spite of enabling them to use other resources," adding that "the payment of these loans will be through the generations each year."

He pointed out that "these loans will lead to burdening the state and the citizen later than adversely affect the Iraqi economy," explaining that "economic conferences it is only ink on paper attributing the cause that he is placed solutions for the advancement of economic reality and away from foreign loans but not There are no application because of the unwillingness of the government of the advancement of the economy and the provision of financial liquidity for banks and the economic situation. "

The World Bank announced recently agreed to give Iraq a loan of one billion and 200 million dollars to help it adjust the financial sector and improve the energy situation, and to compensate the decline in oil prices and rising security costs. Ended 29 quarters e