Abadi Office: Iraq exceptional loans and mortgaged the country's economy is also commonly Some

Business & Finance

Economy News / Baghdad ...

The Office of the Prime Minister Haider al-Abadi, Wednesday, that the loans obtained by Iraq would not hinder debt is also commonly Some, noting that the loans obtained by the exceptional government for the rest of the states.

A spokesman for the office, Saad al-Hadithi in a press statement, said that "to prepare the credit agreement signed by Iraq with the IMF and the World Bank in July of last year Includes aid and soft loans with very few and limited benefits and paid very long periods of up to 15 to 20 years," He is stressing that he "was taking into account the lack of shackling Iraq debt or mortgage its economy."

He explained Sabri, said that "these loans are loans where the interest rates are very low at the global level as a result of the efforts of the political government and clarified the position of Iraq, which is fighting terrorism," noting that "without the drop in oil prices and the money that Iraq needs them in the war against Daesh what we needed those loans. "