Are foreign loans affect the Iraqi economy?

Thursday 23 March 2017 | 12:06 | Number of Views: 180

BAGHDAD / ... stressed economic Bassem Jamil Antoine, on Thursday, said the expert, the issue of shackling foreign loans for the Iraqi economy back to several possibilities, according to the government followed in its investment policy, as explained that Iraq had borrowed for the urgent need of funds because of the economic crisis that accompanied the decline in oil prices, He pointed out that policy blocs discuss economic issues by political means to compete only away from the discussion in real economic.

He said Antoine's "Eye of Iraq News," that "the issue of shackling foreign loans for the Iraqi economy back to several possibilities, according to the government followed in its investment policy," noting that "the loan funds be allocated well spent in the field of investment in the industrial, agricultural and other sectors, it did not affect on the economy dramatically, but that he went to the corruption and spent without them, it will affect the economy significantly. "

He explained the economic expert, said that "Iraq had borrowed for the urgent need of funds because of the economic crisis that accompanied the decline in oil prices," adding that "the masses and the political parties discussed economic issues by political means to compete only away from the discussion in real economic."

The number of deputies in the financial and economic committees have criticized the political government borrowing and tied Iraq's future debt, as the government asserts that the loans obtained by Iraq would not hinder indebted for being with few benefits. It ended 2

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