Parliamentary economy express concern over Iraq’s inability to fulfill the loans granted by international institutions
Parliamentary economy express concern over Iraq’s inability to fulfill the loans granted by international institutions
August 8, 2016
The Committee on the economy and investing in the House of Representatives, on Monday, expressed concern about the lack of the possibility of Iraq’s commitment to its commitments and fulfill the loans granted to him by the international institutions, and confirmed that it will lead to the accumulation of debt, while warning of “a similar economic crisis to have passed by the country before the year 2003.” .
Said committee member Nora Albjara that “worried about the loans received by Iraq from international financial institutions, the Commission, for fear of inability to Iraq from fulfilling those loans,” warning that “the face of Iraq’s economic conditions similar to those prior to 2003, where he was suffering from debt accumulation up to 125 billion dollars. ”
She Albjara, that “Iraq is facing another problem is the mechanism of the distribution of loans to the provinces of Iraq and how to achieve justice in the distribution.”
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