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MP Kazem Al Shammari calling on the government to go to an economic surplus to borrow markets
2015/7/5
[Baghdad-where]
MP for the National Coalition Kadhim al-Shammari, Sunday, the government went to great surplus markets and economic growth of borrowing as an alternative to loans that Iraq endured harsh conditions, calling on the government to move to the East Asian markets for soft loans.
Al-Shammari said in a press release received by all of Iraq [where] a copy of "the government's efforts to borrow from the World Bank $ 800 million, compared to conditions bearing citizen additional burdens such as increased pricing of electricity and other things is a step that might be useful as part of the necessary to cover the shortfall steps in the state budget, but the biggest harm will be to the Iraqi people. "
He added that "Iraq has no problem in the payment of the value of loans to being an oil country and our imports could make Iraq repaid those loans without problems, provided that they are of little interest I take the citizen and future budgets additional burdens as we see in the planned World Bank loan."
He said Shammari said "there markets with significant growth such as markets, Chinese, Japanese and other developed markets, economically and requesting a few benefits in addition to the payment in a readily accessible without onerous conditions allowing us to take advantage of them as the best with the need for accuracy and careful not to exploit the spoilers for those loans for personal benefits the expense of the national interest. " End
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2015/7/5
[Baghdad-where]
MP for the National Coalition Kadhim al-Shammari, Sunday, the government went to great surplus markets and economic growth of borrowing as an alternative to loans that Iraq endured harsh conditions, calling on the government to move to the East Asian markets for soft loans.
Al-Shammari said in a press release received by all of Iraq [where] a copy of "the government's efforts to borrow from the World Bank $ 800 million, compared to conditions bearing citizen additional burdens such as increased pricing of electricity and other things is a step that might be useful as part of the necessary to cover the shortfall steps in the state budget, but the biggest harm will be to the Iraqi people. "
He added that "Iraq has no problem in the payment of the value of loans to being an oil country and our imports could make Iraq repaid those loans without problems, provided that they are of little interest I take the citizen and future budgets additional burdens as we see in the planned World Bank loan."
He said Shammari said "there markets with significant growth such as markets, Chinese, Japanese and other developed markets, economically and requesting a few benefits in addition to the payment in a readily accessible without onerous conditions allowing us to take advantage of them as the best with the need for accuracy and careful not to exploit the spoilers for those loans for personal benefits the expense of the national interest. " End
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