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An economist describes Iraq's loans as the worst types of loans
February 23 2018 09:27 p
February 23 2018 09:27 p
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[rtl][rtl]Economic expert Dhargham Mohammed Ali[/rtl]
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Economist Dhurgam Mohammad Ali described the sovereign loans that Iraq has received as "the worst kind of loans" as it is holding back the economies of the countries. Pointing out that Iraq does not need it.
Ali said: "The sovereign loans are one of the worst types of loans, as it shackles the economy of the countries and their wealth in the case of delayed repayment." Adding that "Iraq is a country whose budget exceeds 85 billion dollars, he does not need these loans."
"Iraq's resources can be channeled in such a way as to secure the equivalent of these loans over the next three years, for reconstruction, and to combat administrative and financial corruption," he said.
It is noteworthy that Iraq received during the donors conference in Kuwait sovereign loans of $ 15.5 billion, through (1 billion dollars Kuwait, 5 billion dollars Turkey, 1 billion Saudi Arabia, 1 billion dollars Qatar, 250 million UAE dollars, 1.5 billion dollars Fund Arab social, $ 500 million Islamic development Bank, $ 260 million Italy, and 6 billion dollars the World Bank.
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[rtl]Economist Dhurgam Mohammad Ali described the sovereign loans that Iraq has received as "the worst kind of loans" as it is holding back the economies of the countries. Pointing out that Iraq does not need it.
Ali said: "The sovereign loans are one of the worst types of loans, as it shackles the economy of the countries and their wealth in the case of delayed repayment." Adding that "Iraq is a country whose budget exceeds 85 billion dollars, he does not need these loans."
"Iraq's resources can be channeled in such a way as to secure the equivalent of these loans over the next three years, for reconstruction, and to combat administrative and financial corruption," he said.
It is noteworthy that Iraq received during the donors conference in Kuwait sovereign loans of $ 15.5 billion, through (1 billion dollars Kuwait, 5 billion dollars Turkey, 1 billion Saudi Arabia, 1 billion dollars Qatar, 250 million UAE dollars, 1.5 billion dollars Fund Arab social, $ 500 million Islamic development Bank, $ 260 million Italy, and 6 billion dollars the World Bank.
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