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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Parliamentary economy: government and private banks to suffer from loan recovery

    Rocky
    Rocky
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    Parliamentary economy: government and private banks to suffer from loan recovery Empty Parliamentary economy: government and private banks to suffer from loan recovery

    Post by Rocky Mon 20 Mar 2017, 5:55 am

    Parliamentary economy: government and private banks to suffer from loan recovery



    Economy News / Baghdad ...



    Committee of economy and investment representative confirmed that the government and private banks suffer from the recovery of loans granted to citizens and investors, supported with a report from the World Bank for Iraq's debt rising by 64%.
    Said committee member Nora Salem Albjara in a press statement, that what came of the report of the International Monetary true, given what ails government and private banks of the difficulty in recovering the loans, whether citizens or investors, indicating that government debt has recently increased due to the ongoing battles against Daesh There fear of lack of Iraq is unable to fulfill its obligations to pay the debt because of lower oil prices.
    She added: lack of government policy to take advantage of the loans granted in the activation of developmental projects energies and attention to youth and the elimination of unemployment.
    It is said that the International Monetary Fund announced that Iraq's debt rising from 32% to 64% of GDP in the period from 2014 to 2016, pointing to a slowdown in credit growth and rising non-performing loans at state banks in 2016.

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