Parliament discusses deferral of debt, licensing contracts and phone companies' amounts

Parliament discusses deferral of debt, licensing contracts and phone companies' amounts



Wednesday 22 April 2020 - 18:15

Parliament discusses deferral of debt, licensing contracts and phone companies' amounts
Baghdad
First Deputy Speaker of the House of Representatives Hassan al-Kaabi, said Wednesday that the House of Representatives discusses the postponement of debts, license contracts and the amounts of telephone companies, although the country is going through a phase that has not been passed through its history and must be joined efforts to overcome it.
The information office of the First Deputy Speaker of the House of Representatives said in a statement received by the Iraqi News Agency (AA) that "Hassan Kareem al-Kaabi, first vice president of the House of Representatives, chaired an extended meeting with the heads of parliamentary committees on Wednesday, April 22, 2020 to discuss the latest repercussions of the economic and epidemiological situation in the country, and the steps and government measures expected to address the economic and financial crisis witnessed by Iraq and all the countries of the world due to the drop in oil prices, and the plight of Corona," pointing out that "Al-Kaabi discussed with the heads of the committees and reforms" "The need to address the current economic crisis, including urgent decisions that will impose tight control over border crossings, activate the private sector and launch a self-sufficiency initiative to support local agricultural, animal and other products, as well as quick measures to invest the available alternative resources." 
He added that "the meeting reviewed the outcomes of the specialized meetings held by the First Vice President of the Council and chairman of the Finance Committee with the Ministerial Council in line with the current difficult situation and fluctuations in oil prices, as discussed some important issues such as deferring external debt and reviewing license contracts and amounts held by mobile phone companies and other things and effective solutions." 
"The Iraqi state is going through a critical and dangerous economic phase that has not been experienced in its history, namely the decline in oil prices, which coincided with the coronavirus crisis," al-Kaabi said, stressing that "the urgent and financial reform package should not affect the basic requirements of the citizen and ensure the security of food, medicine and living."

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