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Economist: Iraq's debt repayment takes 30 years
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Economic expert revealed sanctuary secretary for: "The period of repayment of Iraq 's foreign debt will take more than 30 years, affecting the economy in general and impedes the progress of development wheel."
Said the secretary in a press statement: "The need for Iraq to rebuild the infrastructure and the establishment of factories as well as control Daesh some of the cities that need reconstruction as a result of the damage suffered by him because of the fighting, tied [You must be registered and logged in to see this link.] 's large
debts. he added:" the budget is based dependent on oil imports, a balance rentier does not meet the need, so The government has to borrow from the IMF and the World Bank with great benefits, which led to their accumulation D threaten the economy in the event of low oil prices. "
He explained: "The treatment of this matter needs to develop investment plans and use Iraq's economic potential without dependence on oil, through the revival of other productive sectors such as agriculture, industry and tourism to contribute to the budget."
Economic expert revealed sanctuary secretary for: "The period of repayment of Iraq 's foreign debt will take more than 30 years, affecting the economy in general and impedes the progress of development wheel."
Said the secretary in a press statement: "The need for Iraq to rebuild the infrastructure and the establishment of factories as well as control Daesh some of the cities that need reconstruction as a result of the damage suffered by him because of the fighting, tied [You must be registered and logged in to see this link.] 's large
debts. he added:" the budget is based dependent on oil imports, a balance rentier does not meet the need, so The government has to borrow from the IMF and the World Bank with great benefits, which led to their accumulation D threaten the economy in the event of low oil prices. "
He explained: "The treatment of this matter needs to develop investment plans and use Iraq's economic potential without dependence on oil, through the revival of other productive sectors such as agriculture, industry and tourism to contribute to the budget."
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