A member of the parliamentary Finance: State-owned banks facing bankruptcy
A member of the parliamentary Finance: State-owned banks facing bankruptcy
06/15/2016 9:05
[Oan- special]
warned in a parliamentary finance committee member, of the danger of bankruptcy State – owned banks because of government lending them.
He said Hossam punitive, told all of Iraq [where], that ” the government has borrowed from banks and the government since January of this year and the end of the month of May 7 trillion dinars due to the financial crisis without the government which is due anything for these banks.”
He added, “Also, the government did not return for the banks that lent them the past year , threatening the banks with bankruptcy and fiscal deficits, and this crisis real should reconsider it. ”
it seeks member of the Organization of Petroleum exporting countries Iraq [OPEC] to get support for its budget from the international community after shrinking revenues caused by the collapse of oil prices two years ago , resulting in a widening budget deficit and delayed benefits companies producing raw sewage.
the Ministry of Finance has announced that in 19 of the last may Iraq for a loan exceeds the $ 5.4 billion interest rate of 1.5% from the international Monetary Fund might allow Iraq to obtain 15 billion dollars and other international aid over the next three years, as the Islamic development Bank announced it was considering lend Iraq $ 3 billion in the reconstruction of liberated areas and rehabilitation of infrastructure.
showed a document to the IMF , it is expected that Iraq is facing a funding gap of up to $ 17 billion in this year is not able to measure more money.
alliraqnews.com
