Parliamentary Finance: Iraq in the coming years will depend on loans
Parliamentary Finance: Iraq in the coming years will depend on loans
08/04/2017 17:15
Parliamentary Finance Committee confirmed on Saturday that Iraq needs to borrow from the IMF, and the World Bank in the coming years, stressing the need to draw a clear-cut and long-term economic plans.
A member of the committee MP Ahmad Sarhan, in a press statement that “Iraq needs continuous loans from the World Bank or the International Monetary Fund, during this year and 2018 and 2019,” noting that “the Iraqi economy collapsed.”
Ahmed added that “not for previous loans to what Iraq could wage war on Daesh and pay the salaries of employees,” explaining that “Iraq needs funds to complete the purge of its territory from terrorism and Daesh, and the age of its regions, as well as investments, and these things are not only through loans” .
He pointed out that “the situation requires Iraq borrowing and borrowing in order to come out of the crisis, and they should be clearly defined and long-term economic plans.”
nnciq.com
