A source reveals that borrowed from banks including Iraq (details)
A source reveals that borrowed from banks including Iraq (details)
21-12-2015 05:30 PM
Said a senior source in the Ministry of Finance, on Monday, for receipt of Iraq’s 16 loan from international banks to meet the current year’s budget deficit 2015.
The source said in a press statement, that ‘Iraq sued the Japanese and American, British, Italian, Canadian, German and Chinese banks are at least 2 billion dollars to avoid the shortfall in the current year budget ‘, adding that’ the loans will continue for the next year in order to move the government wheel, in particular its own program with the support of the private sector and the respect of the investment budget for next year.
“He added the tastiest declined to be named, said the ‘public debt department in The Ministry of Finance was able to count two billion dollars set up by these loans, the benefits ranging from 5 to 20 percent ‘, indicating that the’ combined benefits make up about 16 percent of total loans, up to $ 2.2 million, required to Iraq put it in a maximum period of 2018 ‘.
The Iraq on the verge of charging loan from the World Bank $ 1.2 billion at an interest rate of up to 10 percent, and another loan from the International Monetary Fund is about $ 2.2 billion at an interest rate of around 7 percent in 2016.
It is expected to put Iraq in the ranks of countries indebted beginning of the year 2016 until the year 2020.
ikhnews.com
