Japanese loan does not affect the budget .. And other global banks want to give Iraq loans

Member of the economy: the Japanese loan does not affect the budget .. And other global banks want to give Iraq loans and low interest rates

Date: 15/10/2012 07:32:12 Monday

Baghdad (news) .. Expect a member of the Committee on the economy and investment MP / National Alliance / Hussain Mura’bi, does not affect the Japanese loan granted to the general budget for the coming years because the rate of interest too little, pointing to the existence of banks other world offered on Iraq loans big and interest rates low, which is under study.
said Mura’bi (for the Agency news): Iraq needs to Japanese loan, which was initiated by the Japanese government granting of Iraq, and has no significant impact on the state budget for the coming years because its amount is small and the long shot, and by its usefulness are almost nonexistent. and pointed out: The loan is the second, which gives from Japan to Iraq after the first loan and who was (80) million, were utilized in the service projects of the country, calling for quickly pass a bill Japanese loan, although he does not need legislation, but merely approval of the Cabinet and safeguards are in place between the two governments of Iraq and the Japanese. He added: that the international banks and European in the UAE is seeking to give Iraq loans and long-term and few benefits, noting that it will be displayed to the Finance Committee for consideration to take advantage of these loans in the construction and reconstruction of the country. was parliamentary Finance Committee had discussed during the meeting last Wednesday loan project Japanese Committee agreed to the inclusion of the bill for the second reading on the Council’s agenda for the next session. / end / 8. n. p /

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