Finance Committee: we do not have clear data base for Iraq’s debt
Finance Committee: we do not have clear data base for Iraq’s debt
01/11/2013 12:30
Tomorrow Press / Baghdad: Parliamentary Finance Committee announced Friday, that the issue of debt owed by Iraq marred by a lot of complications and that the Commission does not know the real amount of this debt.
Said committee member Najiba Najib for “tomorrow’s Press,” that “the Commission opened this subject more than once, but the Ministry of Finance and Planning not given us so far, real numbers and those who condemn Iraq her financially.” noting that “the figures to the Commission indicate that the debt owed by Iraq exceeds $ 38 billion, but these figures old as Iraq pays annually in accordance with the agreements concluded between him and the United Nations. ” and added that “the Iraqi debt centered in four sections Paris Club debt that has been deleted majority where in addition to debt Gulf war Iran-Iraq war in Kuwait in addition to trade creditors and there are also countries but outside the Paris Club debts on Iraq. ” and confirmed that “the Paris Club canceled up to 80% of its debt in the past on Iraq, according to Iraqi diplomacy.”
And Iraq suffered heavy losses in commercial transactions and binding contracts with the States by the war of eighty and ninety commissioned by contracting companies also losses and having to leave work inside Iraq in a timely manner.
alghadpress.com
