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A committee to review $25 billion borrowed by Iraq
The first 11/12/2023
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Baghdad: Omar Abdul Latif
Specialists considered the directive of Prime Minister Muhammad Shia al-Sudani to form a committee to review all foreign loans to Iraq, estimated at $25 billion, as a step in the right direction. The head of the committee and advisor to the Prime Minister for Technical Affairs, Muhammad Sahib al-Daraji, explained in an interview with “Al-Sabah” that “the directive came after... These loans have burdened Iraq over the past twenty years.
He added, "The committee will follow up on the completion of the projects that were established within these loans, what was used of them, what was not used, and why they remained suspended in the budget while Iraq pays interest on them." For his part, the head of the Al-Nahrain Network for Supporting Integrity and Transparency, Muhammad Rahim Al-Rubaie, considered the measure “A good step and in the right direction.” Al-Rubaie said, in an interview with “Al-Sabah”: “Everyone involved in obtaining these loans and disbursing them in sections not designated for them must be held accountable,” indicating that “most of these loans were for small amounts, and the government could have not sought to get it".
He added, "The loans were misused and were one of the doors that were accessed by corrupt hands and exploited for plunder," calling for "the committee to redouble its work to reach decisive results and hold everyone involved in these loans accountable with deterrent penalties, because such actions are considered an insult to Iraq's reputation before they are... "To plunder his money."
Edited by: Wael Al-Maluk
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