Iraq pays the debt of Kuwait, which is estimated at “9” billion dollars to get the IMF loan (Details)
Iraq pays the debt of Kuwait, which is estimated at “9” billion dollars to get the IMF loan (Details)
11-06-2016 02:09 PM
Orbit News –
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.
She said Najib in a press statement, that ‘the agreement between Iraq and the International Monetary Fund estimated B’20’ billion dollars, including the amount of compensation Kuwait ‘, adding that’ in the past has been postponed this compensation for two consecutive years due to the inability of the Iraqi government paid for Kuwait ‘ .
She added that ‘(13.6) billion for budget support will be in the country for 2016 and 2017 and 2018′, noting that ‘(6-9) billion dollars will be allocated to pay off the debt of Kuwait’.
She added that ‘Iraq has to pay more than 55 billion of Kuwait’, pointing out that he ‘has been to reach a result that gives the International Monetary Fund to Iraq these amounts to be paid to the state-mentioned’.
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. ”
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