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Deputy: Government borrowing from East Asian Nations
7/6/15
Baghdad
MP for the National Coalition Kadhim al-Shammari, on Sunday, the government has to go to the large market surplus and economic growth of borrowing as an alternative to loans that Iraq withstand tough conditions, warning of the need to move to the East Asian markets for soft loans.
Al-Shammari said in a press statement received (range) 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 steps needed to cover the deficit in the state budget , but the harm would be greater on 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, the requirement to be of little interest I take the citizen and the budgets coming 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 is facilitator unconditionally cumbersome what allows us to take advantage of them as the best with the need for accuracy and diligence not to exploit the spoilers for those loans to the benefits of a personal account on the national interest. "
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7/6/15
Baghdad
MP for the National Coalition Kadhim al-Shammari, on Sunday, the government has to go to the large market surplus and economic growth of borrowing as an alternative to loans that Iraq withstand tough conditions, warning of the need to move to the East Asian markets for soft loans.
Al-Shammari said in a press statement received (range) 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 steps needed to cover the deficit in the state budget , but the harm would be greater on 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, the requirement to be of little interest I take the citizen and the budgets coming 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 is facilitator unconditionally cumbersome what allows us to take advantage of them as the best with the need for accuracy and diligence not to exploit the spoilers for those loans to the benefits of a personal account on the national interest. "
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