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BAGHDAD / JD / .. despite the fact that Iraq's debt, internal and external, and that still his trust estimated at $ 85 billion, but he still follows the lending policy, where the government negotiate friendly countries and international banks for financial loans of up to about $ 30 billion is would it give over stages of many years with a ratio of benefits.
This comes as a result of the lack of lending financial state revenues and the lack of productive sectors alternative for oil reliable despite the existence of economic fundamentals, which can be utilized to maximize the financial resources of the state.
Iraq agreed with the International Monetary Fund and the World Bank to get a financial loan is estimated at $ 16 billion, three of them to the Kurdistan region, according to the terms set Monetary Fund and the World Bank are repaid in three stages.
Iraq is now being negotiations with the British government for a financial loan is estimated at $ 13 billion, to stroll things financial state in light of the decline in revenue and the war against the terrorist organization Daesh.
A number of the state has provided loans and financial assistance to Iraq for the advancement of Bbnah infrastructure and relief to the displaced, especially from Japan, South Korea, Kuwait and other countries, which is estimated at more than a billion dollars.
A number of economists have criticized the state policy of relying on domestic and foreign loans without thinking about how to maximize the financial resources of the state despite the availability of ingredients.
He says economist Mohammad al-Hassani, said the current government and its predecessor failed to how to improve the Iraqi economy and make it a strong economy does not depend only on oil despite the money and ingredient availability, in spite of the development of the five-year and decimal plans and others that an ink on paper.
He said al-Hassani told / KD / lending policy will exhaust the shoulders of the state and make a bankrupt state, even if the rise in oil prices because Iraq would consider in the future to pay these loans and not how funds derived from oil revenues, investment and this will make there paralysis economic movement in Iraq and in the case of non-payment of those debts will be doubled due to the proportion of the profits arising from them.
For its part, confirmed member of the Finance Committee Magda Tamimi, said the internal and external debt of Iraq is estimated at $ 85 billion, noting that the Iraqi government is negotiating a new loan would put particular strain of the financial burden on the state.
He said al-Tamimi told / KD / the government should find alternatives, and not rely on lending Ktfiel productive sectors and sectors where substantial imports of the state.
The Planning Minister, Salman al-Jumaili had revealed earlier, all near the start of negotiations with Britain over granting Iraq a loan of 10 billion pounds (more than $ 13 billion).
The Iraqi cabinet decided at its 26 in July, to approve the move in a proceeding in the loan agreement with the British government in the amount of ten billion pounds only and the formation of a committee to negotiate and submit a draft negotiating to Cabinet fundamentalist, to be added Basra province to the Committee mentioned on the draft scarcity and water desalination. / End / 8 /
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