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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Economic parliamentary: borrowing from abroad, an indispensable step but it will not take place with

    day dreamer
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    • Post n°1

    Economic parliamentary: borrowing from abroad, an indispensable step but it will not take place with Empty Economic parliamentary: borrowing from abroad, an indispensable step but it will not take place with

    Post by day dreamer Tue 22 Sep 2015, 4:45 pm

    09/23/2015 (00:01 pm) -



    [ltr] Economic parliamentary: borrowing from abroad, an indispensable step but it will not take place without the consent of Parliament [/ltr]


     BAGHDAD / long-Presse

    [ltr]The Commission on the economy of parliamentary and investment, on Tuesday, that the government will not be able to borrow from abroad without the approval of Parliament, while promised that this constitutes "an indispensable step" allocated for the implementation of infrastructure projects and services through payment on credit, called for the need to take into account that Iraq is not a country "bankrupt" and to continue to revitalize the agricultural and industrial sectors and the restructuring of loss-making industrial companies. The member of the Committee, Najiba Najib, in an interview to the (long-Presse), said that "borrowing from abroad is an indispensable step, although it is a negative case in normal circumstances," noting that "Iraq is passing through exceptional circumstances, as a result of the fateful war being waged against terrorism and the decline in world oil prices and is the only supplier of its economy, which led to the suspension of projects and financial crisis. "  She said Najib, there is a "plan for the tabulation of borrowing with the World Bank," indicating that "external borrowing will be for projects payment on credit Browns infrastructure and services, but most future loans amounting to six billion dollars, will be through treasury bonds, but that will be only the approval of Parliament." . She explained a member of the parliamentary Economic Committee, that "the Commission will examine the issue and show its observations on it", calling for the need to "taking into account that Iraq is not a bankrupt country, and the government embarked on interest sectors of industry and agriculture, through the allocation of five trillion dinars in loans for small and medium-sized enterprises, and the restructuring of some of the Ministry of Industry and Minerals companies. " According to Najib, that there are "45 profitable company, and 135 losers being rehabilitated for the advancement of their betterment." The Cabinet Adviser for Economic Affairs, the appearance of Mohammed Saleh, warned, in (23 August 2015), from excessive borrowing because of the lack of liquidity, while stressing that this would be a "heavy burden" on future generations, called to invest borrowed money in projects generate direct investment income.


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