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Parliamentary Finance: Iraq actually needs to international borrowing
April 20, 2015 11:14
Revealed the parliamentary finance committee member Ahmed Sarhan, on Monday, the actual need for Iraq to resort to borrowing from the World Bank and the pain of big money and expenses due to the deterioration of world oil prices due to the fact that the country is going through a financial crisis and a sharp economic.
And between Sarhan in an interview I followed news agency Buratha Monday that the crisis in the case did not address the country will witness a severe collapse in the economic side cast a shadow on the citizen, stressing the need for the federal government to the World Bank resorted to bridge the shortfall in the current budget.
He added that this year Sarhan of the worst years of the country's economic terms and the lack of liquidity, pointing to borrow one of the ways and means of treatment adopted by most countries despite the fact that it's so Eckhl state budget debt.
Referred to as the Finance Minister Hoshyar Zebari said that Iraq was seeking a loan of five billion dollars from international banks to meet the budget deficit bonds.
Zebari said that Iraq is currently negotiating with the bank (Citibank Group) and (Deutsche Bank) in Washington to get a loan of five billion dollars, "bonds, because of the budget of twenty-five billion dollars deficit, likely to request financial aid from the International Monetary Fund up to $ 700 million.
Minister Zebari revealed that Iraq has submitted an application for the Import and Export Bank of America to finance the purchase of ten Boeing planes at a cost of $ 500 million." Calling on the government to reform the slack caused by the presence of more than four million employees assigned to nearly three billion and $ 500 million a month.
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April 20, 2015 11:14
Revealed the parliamentary finance committee member Ahmed Sarhan, on Monday, the actual need for Iraq to resort to borrowing from the World Bank and the pain of big money and expenses due to the deterioration of world oil prices due to the fact that the country is going through a financial crisis and a sharp economic.
And between Sarhan in an interview I followed news agency Buratha Monday that the crisis in the case did not address the country will witness a severe collapse in the economic side cast a shadow on the citizen, stressing the need for the federal government to the World Bank resorted to bridge the shortfall in the current budget.
He added that this year Sarhan of the worst years of the country's economic terms and the lack of liquidity, pointing to borrow one of the ways and means of treatment adopted by most countries despite the fact that it's so Eckhl state budget debt.
Referred to as the Finance Minister Hoshyar Zebari said that Iraq was seeking a loan of five billion dollars from international banks to meet the budget deficit bonds.
Zebari said that Iraq is currently negotiating with the bank (Citibank Group) and (Deutsche Bank) in Washington to get a loan of five billion dollars, "bonds, because of the budget of twenty-five billion dollars deficit, likely to request financial aid from the International Monetary Fund up to $ 700 million.
Minister Zebari revealed that Iraq has submitted an application for the Import and Export Bank of America to finance the purchase of ten Boeing planes at a cost of $ 500 million." Calling on the government to reform the slack caused by the presence of more than four million employees assigned to nearly three billion and $ 500 million a month.
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