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[size=30]Parliamentary Finance: international loan to Iraq is not a high level of negativity and the country needs funds[/size]
17/07/2016 11:01 | Number of Views: 131
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Press direction - Special /
Finance Committee confirmed that the negative situation that accompany the international loan and the $ 16 billion is not a high level, while noting that the country need money because of the inability of winning in the 2016 budget.
Committee member Sirhan Ahmed in an interview with "direction Press," said the country suffers from a deficit of 24 trillion Iraqi dinars, and he can not state institutions continue to operate under this deficit, noting that he does not need to resort to a loan to deal with the deficit and the shortfall in the general budget for 2016 .
He Added: Iraq received $ 600 million in the first meal of the total funds amounting to 5 billion and 430 million dollars, citing the need to exploit the international loan in the development of the Iraqi economy and distracted within the channels that serve the Iraqi people.
He continued: There is a concern that money go into the pockets of corrupt, pointing out that the interest rate imposed on the loan amounting to 0,0,5% Very few percentage may not harm the Iraqi people.
It is said that Iraq's negotiations with the International Monetary resulted, for a loan of $ 16 billion.
Said Finance Committee member Jabbar Abdul Khaliq, said: "This loan is supported by the International Monetary Iraq's economic and financial institution and in support of Iraq's position in future negotiations with the international institutions."
The Iraqi team, headed by Finance Minister, Hoshyar Zebari held talks in Jordan with representatives from the International Monetary Fund.
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