Planning: no project financing term completed


Economy news Baghdad:

The planning Ministry announced, Tuesday, that there is not completed within the term funding projects to develop the country's infrastructure, adding that the interest rate to 6% term funding projects.

He said the planning Ministry spokesman Abdul Zahra Hindawi, for "economy", "payment method projects with very few term due to the lack of clarity of the idea in foreign companies", noting that "the provinces of Karbala and Babylon referred draft belonging to sewer and water to foreign companies.

"The interest rate set by the Ministry of planning 6% and be as per diem amount", noting that "the Government term finance project in 2015."

The Iraqi Government decided in 2015 to resort to financing projects interrupted by the financial crisis across the term financing by foreign and domestic firms and not exceed the amount of $5 billion.