Najib: Iraq will give the debt of Kuwait from the IMF loan

by **Rocky** Sun 12 Jun 2016, 5:12 am

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Najib: Iraq will give the debt of Kuwait from the IMF loan

by Rocky Sun 12 Jun 2016, 5:12 am

[size=48][ltr]Najib: Iraq will give the debt of Kuwait from the IMF loan[/ltr][/size]

[ltr]June 11, 2016[/ltr]

[ltr]Confirmed member of the Committee of Economy and Investment parliamentary Najiba Najib, said Saturday that Iraq will be given to the State of Kuwait debts of nearly 9 billion dollars, while noting that the government obtained a loan from the International Monetary Fund to support the budget for the next two years.[/ltr]
[ltr]She said Najib said in a statement seen by the agency of our economy News, that "the agreement between Iraq and the International Monetary Fund estimated" 20 "billion dollars, including compensation payments to Kuwait," she said, adding that "in the past has been postponed this compensation for two consecutive years due to the inability of the government Iraqi from Kuwait paid for. "[/ltr]
[ltr]She added, "The (13.6) billion for budget support will be in the country for 2016 and 2017 and 2018," pointing out that "(6.9) billion dollars will be allocated to pay off the debt of Kuwait."[/ltr]
[ltr]She added that "Iraq has to pay more than 55 billion to Kuwait," pointing out that "it was to reach a result that gives the International Monetary Fund to Iraq these amounts to be paid to the state mentioned."[/ltr]
[ltr]She pointed out that "these amounts will be paid in the form of easy installments," indicating that "these loans have a negative impact on Iraq's economy."[/ltr]

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