Iraq borrow $ 3.8 billion from the International Monetary Fund and the World Bank
Iraq borrow $ 3.8 billion from the International Monetary Fund and the World Bank
03/28/2016
BAGHDAD / JD / .. parliamentary Finance Committee announced that, for lending to Iraq three billion and 800 million dollars from the International Monetary Fund and the World Bank to bridge the budget deficit, saying that the soft loans will not burden the state in the future.
A member of the committee MP Masood Haider told / KD /: The draft budget law for 2016 included a clause obliging the government at the request of one billion and 800 million dollars from the International Monetary Fund and about two billion dollars from the World Bank to bridge the budget deficit financial loans.
He added that the IMF and the World Bank ahead of those loans to Iraq by the benefit of a very small and the period of long repayment estimated from 15 years to 25 years, stressing that these loans are good financial help for Iraq under the current economic conditions, in addition to it will not affect on the shoulders of the state in the future on considering that a few interest rate. / End / 8 /
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