Parliamentary economy reveal the "direction" in Iraq to get new loans accessible

06/04/2017 10:10 | Hits: 472


Detect parliamentary economy and Investment Committee member Jawad Al-bulani said Thursday that the Iraqi Government got some soft international loans can be used to supplement the country's budget deficit would be solved.

Boolean in the interview for "trend," said that Iraq is going through a difficult economic situation because of low oil prices on the one hand and the fight against terrorist gangs of ISIS, thus spending big money to support the battle to ensure its sustenance until final victory and the liberation of all the lands, but, but Iraq witnessed recently stable economic situation somewhat near future promises significant Renaissance if given the right climate conditions to invest its resources properly.

He added that the Iraqi Government has good relations with many countries and can be exploited to reduce large loan values accumulated over the years, noting that whenever Iraq's relations were wide and sober with the rest whenever he could reduce interest implications by paying for them.

The parliamentary Finance Committee, revealed on Wednesday, the Government's agreement with the World Bank and the International Monetary Fund to borrow about $18 billion financial deficit in the budget of 2017, saying that Iraq had not benefited from the increase in world oil prices because of continuing administrative and financial corruption.