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Al-Hadithi: Iraq's resort to external borrowing is due to the decline in imports
BAGHDAD (Reuters) - Iraq's foreign policy borrowing is a fall in Iraq's imports by 70 percent or more than it was before the current government was formed due to a serious downturn , a spokesman for Prime Minister Saad al-Hadithi said Thursday. In the price of oil, "adding," The previous period was oil sold over $ 30 and the costs of producing companies $ 10 per barrel and what remains a small part. "
He added Saad al-Hadithi, "Iraq's imports fell by 70% or more than it was before the formation of the current government, which led to resort to foreign borrowing policy, and that Iraq resorted to foreign loans when it signed the credit readiness in July last year and the direction got Soft loans from the IMF and the World Bank and that these loans the interest rate does not exceed 1.5%, one of the lowest loans interest rate obtained by Iraq, "pointing out that" these loans did not include preconditions, nor imposed on us the external economic will and will not be mortgage Iraq 's economy at all being the same repayment period foldable Its very low interest rate. "
He added that "Iraq received aid from the countries of Germany, Japan, Italy and the European Union and America, as the money spent under the program donors spend through international organizations and humanitarian institutions of donor countries, that is, Iraq has not received amounts in practice at all," noting That "the Iraqi government in turn provides visions, visions, projects and logistical effort to benefit from these grants."
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BAGHDAD (Reuters) - Iraq's foreign policy borrowing is a fall in Iraq's imports by 70 percent or more than it was before the current government was formed due to a serious downturn , a spokesman for Prime Minister Saad al-Hadithi said Thursday. In the price of oil, "adding," The previous period was oil sold over $ 30 and the costs of producing companies $ 10 per barrel and what remains a small part. "
He added Saad al-Hadithi, "Iraq's imports fell by 70% or more than it was before the formation of the current government, which led to resort to foreign borrowing policy, and that Iraq resorted to foreign loans when it signed the credit readiness in July last year and the direction got Soft loans from the IMF and the World Bank and that these loans the interest rate does not exceed 1.5%, one of the lowest loans interest rate obtained by Iraq, "pointing out that" these loans did not include preconditions, nor imposed on us the external economic will and will not be mortgage Iraq 's economy at all being the same repayment period foldable Its very low interest rate. "
He added that "Iraq received aid from the countries of Germany, Japan, Italy and the European Union and America, as the money spent under the program donors spend through international organizations and humanitarian institutions of donor countries, that is, Iraq has not received amounts in practice at all," noting That "the Iraqi government in turn provides visions, visions, projects and logistical effort to benefit from these grants."
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