A member of the Finance Committee: Cumulative debt threaten the future of Iraq
A member of the Finance Committee: Cumulative debt threaten the future of Iraq
30.05.2016 13:27
{Baghdad} Euphrates News saw the parliamentary finance committee member Rahim al-Darraji, said on Monday that mismanagement in Iraq may make the issue of cumulative debt threaten the future of the country.
Said Darraji told {Euphrates News} Today, that “it is seen to IMF loans considers help for Iraq and dismantling of the financial crisis,” adding that “mismanagement in Iraq may make debt cumulative issue threatening the future of Iraq.” He said “loans are a clear signal that governments that act in Iraq ‘s budget is corrupt evidence that the loan granted to Iraq by the international Monetary Fund for a substantial portion of it put in a fiduciary capacity within the Fund , one of the controls of this loan in the implementation of projects.” He added , “Therefore, these loans if Iraq did not divide the financial administration and monetary policy will be a clear threat to the future of Iraq will be the IMF ‘s tutelage clear and conditions on Iraq ‘s financial management. ” He added that” conditions part of the commandments on Iraq so the Iraqi government denies the nature of these terms and hide a lot of officials and journalists , and the Iraqi government did not provide a full explanation so far about the nature of the loans knowing that the loans that have been Astqradha about {5} billion {400} million dollars. ” and that” Iraq could to recover his money from the communications companies that demanding more than {4} billion dollars, but do not ask him and delay the vote , “attributing the reasons that” there was corruption on this issue as the debt recorded by the profits of the officials, “asking , ” Is not it the first debts to contact the companies recover instead of going to the borrowing from the international Monetary Fund? “. he said to “the existence of Iraq ‘s frozen funds , ” and wondered “Why do not claim them? In addition to the presence of officials have a great corruption and haves of Iraq ‘s money , but stole the equivalent of an IMF loan 3 times why are not these accounting whales? “. The condition of the International Monetary Fund in the agreement concluded by Iraq during the past two days, to impose strict controls on the doors disbursement of the loan, and full salary and allowances subordinate to the senior state employees, and job grading supreme, and private, to income tax. while not include conditions permit stamped on the ration cards, nor salaries of social protection network, and not the government provided for the displaced subsidies. According to the agreement , which stipulates give Iraq a loan preliminary exceed $ 5 billion, according to a source familiar with the Ministry of Finance, which included general details of this deal is not the first, was preceded by two agreements: one in 2005, and the settlement of Iraq ‘s obligations with creditors in the Paris Club, and the other in 2008, to address the repercussions of the sharp decline in oil prices at the time. the value of the loan is 5.4 billion {} billion dollars. n the interest on this loan does not exceed 1.5% Snuya.anthy 1
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