[size=36]Planning Minister: We will reduce external borrowing to its lowest level[/size]
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, Minister of Planning Khaled Battal Al-Najm confirmed, on Wednesday, that the ministry's policies and the government's directions are moving towards reducing external borrowing to its lowest levels.
A statement by the ministry stated, that Mawazine News received a copy of it, that "Minister Khaled Batal Al-Najm chaired an expanded meeting, which included representatives of the ministries of Finance, Electricity, Construction, Housing, Municipalities, Transport, Water Resources, Agriculture, the Municipality of Baghdad and the Reconstruction Fund for liberated areas, with the representative of the World Bank in Iraq, Ramzi Numan." , indicating that "the meeting was attended by the Undersecretary of the Ministry of Planning, Maher Hammad, and the general directors of the departments of international cooperation and sector planning, and government investment in the Ministry of Planning."
According to the statement, the minister stressed that "external borrowing will be absolutely necessary, and in only two cases, the first is the great importance of the project, and the second is the lack of cash to implement this project."
Al-Najm stressed that "the ministry will not list or approve any project, unless it meets all the requirements, foremost of which is the feasibility study." Currently available loans.
The statement pointed out that "the meeting discussed the problems and obstacles facing the implementation of projects financed by the World Bank, focusing on projects with low rates of implementation, and the reasons for delaying their completion."
He pointed out that "the minister directed the formation of a joint committee that includes representatives from the Ministry of Planning, the World Bank and relevant authorities, to follow up on the implementation of these projects, and to develop mechanisms and proposals that contribute to the speed of completion." Ended 29/A43