Parliamentary Finance: The government has taken loan repayment mechanism by oil revenues


Views 31 Date 22/07/2016 - 19:27


Economy News / special

Parliamentary Finance Committee confirmed that the government has taken a loan repayment mechanism by oil revenues despite the decline in prices .

Said committee member Majda al - Tamimi in an interview for "Economy News", that oil experts reckon higher prices in the coming days to more than $ 60 per barrel , "indicating that" the government "adopted" to repay international loans mechanism by oil revenues despite the decline prices at the moment ".

Tamimi said, that " the repayment of these loans , Iraq will have a credit environment and help the government to get loans from other industrialized nations ".

It is noteworthy that the International Monetary Fund , World Bank and international partners agreed on 19 May 2016, to give Iraq a loan of $ 15 billion at an interest rate of 1.5 %

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