Date: 09/03/2017 17:50
Information / special ..
A commission of economy and investment representative, Thursday, the total foreign financial loans granted to Iraq during the current year, and as pointed to the adoption of a proposed distribution of those loans to the provinces according to population ratios, confirmed that the Kurdistan region's share of loans 17%.
He said committee member Najiba Najib told / information / "The Iraqi government violated the constitution when international loans mentioned agreements passed in the General Budget Act of 2017," noting that "the legal articles provide for the study of such agreements with foreign countries individually and accurately within the Council House of Representatives. "
She added that "Iraq obtained a 10 billion pounds, which equals $ 12 billion, as well as an IMF loan of five billion dollars, as well as China and the US for two loans amounting each to $ two billion," indicating that "the loan mentioned will be allocated for investment projects and rehabilitation of infrastructure, relatively low interest rate. "
She drew Najib, a deputy from the Kurdistan Democratic Party that "the House of Representatives form over the past few days on the follow-up of Provincial Affairs Commission," attributed the reason for "make up that body of constitutional Article 106 which provides for the distribution of foreign loans and grants to the provinces in accordance with the ratio of the population."
Najib stressed that the "financial ratio for the Kurdistan region of the total of such loans is about 17%."
The Iraqi government signed, on the fifth of this March, a memorandum of understanding from the British counterpart provides for the granting of Baghdad, a financial loan of 10 billion pounds, provided that its benefits affordable. Finished / 25's
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