A member of the parliamentary finance: World Bank loan of my time to the crisis and the need to solve the actual ISD
05/21/2016 14:26
{Baghdad: Euphrates News} saw the parliamentary finance committee member of Haider al-Kaabi said, "the World Bank loan granted to Iraq did not meet the actual need for a temporary solution to the crisis, likely to" take advantage of the loan funds to meet the shortfall in salaries while is dedicated to the advancement of health and agricultural Balqtat and infrastructure.
He said al - Kaabi told {Euphrates News} " The World Bank loan for ISD the need for Iraq, noting that" Iraq needs $ 119 million to meet the staff and the salaries of retirees, and in the past has declined prices Aalnaft continued economic crisis , despite the fact that Iraq is exporting about three million barrels oil but sell a barrel of oil at a price of less than seven dollars below the market price, as well as the existence of logistical expenses for the price is less than 10 to $ 13, as Iraq gets $ 25 net for each barrel, to be the revenue obtained from the oil of 75-80 million dollars and imports daily, while the actual need is 120 million per day for the piece, Iraq recorded a deficit of 40 to 50 million dollars a day.
he pointed out that "this loan is a temporary solution to the crisis, while he was supposed to establish health services, infrastructure, and services and productive agricultural, and it took these titles which that turn into a health cuts and infrastructure but I think it will be used to meet the payroll, and resolving part of the crisis. "
he added that" Iraq is required of domestic borrowing $ 40 billion, and there are debts to rounds licenses, and money petrodollars, there is debt owed ​​on Iraq Fund IMF, stressing that " the survival of the price of a barrel of oil on what it now will be difficult for Iraq to get out of the crisis."
the international Monetary Fund, and international partners, the World Bank had agreed to give Iraq a loan of {15} billion dollars.
and concluded Thursday evening the past, negotiations between the government delegation headed by Finance Minister Hoshyar Zebari, and the participation of the Central Bank Governor, economic Advisor to the Prime Minister, and senior experts in the ministries of finance, oil, planning, and electricity, and experts of the international Monetary Fund., and resulted in negotiations to agree on a program to prepare the credit arrangements, which provides financial support for Iraq during the next three years, enabling it to continue to provide the war requirements on Daash terrorist gangs, and the liberation of the Iraqi land from the clutches of these gangs, and to reduce the deficit, the financial gap, and achieving financial and economic reform real. "
on the other side of the keenness of the government delegation that this program does not affect government spending on social services, health, education, and a network of social welfare and humanitarian programs. Finished https://alforatnews.com/modules/news/article.php?storyid=117502