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[ltr]Al-Abbadi will refund most of the loans of the Kuwait Conference by order of the World Bank[/ltr]
[ltr][You must be registered and logged in to see this image.]BAGHDAD (Reuters) - Iraqi Prime Minister Haider al-Abadi intends to reject most of the loans granted to Iraq in line with World Bank directives, The inability of Baghdad to bear more debt, and that Iraq is not obliged to accept these loans in case it relied on foreign investment.
The source continued, that 'Iraq was hoping to get at least $ 5 billion in grants, but it was only $ 1.8 billion, while the rest were loans and facilities with interest, "noting that" the Iraqi government, worked to hold extensive meetings With investors to activate the reconstruction plans put forward at the Kuwait conference recently and that Abadi, intends to give up some of the debt received by the Conference of donor countries, while the formation of the national oversight bodies committees to monitor the disbursement of grants and the implementation of projects. It is noteworthy that the Secretariat of the Iraqi Council of Ministers, announced earlier that "the value of financial guarantees and facilities offered at the Kuwait Conference to boost investment, amounted to 11.6 billion dollars, while providing $ 1.8 billion in grants to support stability and in the form of humanitarian and relief aid. Ending
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