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Parliamentary Finance: Corruption in the mechanism of debt repayment of Iraq
Last updated: 17 May 2017 - 1:29 PM
BAGHDAD / A member of the Finance Committee MP Majida al-Tamimi questioned on Wednesday the funds of Iraq that he owned, while pointing out that corruption in spending is the cause of the financial crisis, hinted at corruption in the way of repayment of foreign loans. Tamimi said a journalist today: That "many loans were given to Iraq for the purpose of supporting its budget for 2017, including the International Monetary Fund, the World Bank," explaining that "one of the loans called the loan guarantee, which participated in three countries, namely Britain, France and Canada, an estimated 945 billion dinars." , That "Iraq has a commitment to repaid foreign bonds and a loan The European Union and the American loan for the purpose of arming, as well as the British loan, the Chinese and Swedish, and the loan of the Islamic Bank of Malaysia, "noting" financial consequences will fall on Iraq in the event of non-commitment. "She noted that" corruption in government spending on institutions and government departments and management, To a financial crisis suffocating to Iraq, "asking," Where the funds that was owned by Iraq in the previous stages? "Tamimi said," There is one or more of the corruption in the mechanism of debt repayment of Iraq due to loans. "
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Last updated: 17 May 2017 - 1:29 PM
BAGHDAD / A member of the Finance Committee MP Majida al-Tamimi questioned on Wednesday the funds of Iraq that he owned, while pointing out that corruption in spending is the cause of the financial crisis, hinted at corruption in the way of repayment of foreign loans. Tamimi said a journalist today: That "many loans were given to Iraq for the purpose of supporting its budget for 2017, including the International Monetary Fund, the World Bank," explaining that "one of the loans called the loan guarantee, which participated in three countries, namely Britain, France and Canada, an estimated 945 billion dinars." , That "Iraq has a commitment to repaid foreign bonds and a loan The European Union and the American loan for the purpose of arming, as well as the British loan, the Chinese and Swedish, and the loan of the Islamic Bank of Malaysia, "noting" financial consequences will fall on Iraq in the event of non-commitment. "She noted that" corruption in government spending on institutions and government departments and management, To a financial crisis suffocating to Iraq, "asking," Where the funds that was owned by Iraq in the previous stages? "Tamimi said," There is one or more of the corruption in the mechanism of debt repayment of Iraq due to loans. "
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