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Kurdistan form a higher committee to negotiate international loans
9/7/2015
Long-Presse / Sulaymaniyah
It announced Iraq's Kurdistan Regional Government, on Thursday, for the formation of a supreme committee to negotiate on access to international loans, and as pointed out that the loans include the launch of securities on behalf of the region in global markets, stressed the importance of being these loans will enhance the site economic region in the world markets.
A spokesman for the Kurdistan Regional Government Sven Dzia in a statement received (range Press), a copy of it, that "the Government of the Territory assigned to the Commission, according to Article V and VI of international loans Law, passed by the Parliament of Kurdistan to negotiate on access to international loans," noting that "loan words the launch of some securities on behalf of the Kurdistan region in the global markets. "
He Dzia, that "the Commission includes Deputy Prime Minister and Minister of Finance and a number of officials in the government of the region to negotiate on this issue with a number of financial institutions in London to view bank bonds on behalf of the Kurdistan region," stressing that "this issue is of great importance for the region because it will strengthen the region site economically and consolidate the confidence of global markets in the Kurdistan Region. "
According to the law of the loans, which includes 13 articles, the KRG the right to borrow an amount not to exceed 5 billion dollars, that this amount is allocated for investment projects.
The KRG approved, on Tuesday (June 2, 2015), the international credit law which grants the Government of the region on the way to borrow the amount of five billion dollars for investment projects.
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9/7/2015
Long-Presse / Sulaymaniyah
It announced Iraq's Kurdistan Regional Government, on Thursday, for the formation of a supreme committee to negotiate on access to international loans, and as pointed out that the loans include the launch of securities on behalf of the region in global markets, stressed the importance of being these loans will enhance the site economic region in the world markets.
A spokesman for the Kurdistan Regional Government Sven Dzia in a statement received (range Press), a copy of it, that "the Government of the Territory assigned to the Commission, according to Article V and VI of international loans Law, passed by the Parliament of Kurdistan to negotiate on access to international loans," noting that "loan words the launch of some securities on behalf of the Kurdistan region in the global markets. "
He Dzia, that "the Commission includes Deputy Prime Minister and Minister of Finance and a number of officials in the government of the region to negotiate on this issue with a number of financial institutions in London to view bank bonds on behalf of the Kurdistan region," stressing that "this issue is of great importance for the region because it will strengthen the region site economically and consolidate the confidence of global markets in the Kurdistan Region. "
According to the law of the loans, which includes 13 articles, the KRG the right to borrow an amount not to exceed 5 billion dollars, that this amount is allocated for investment projects.
The KRG approved, on Tuesday (June 2, 2015), the international credit law which grants the Government of the region on the way to borrow the amount of five billion dollars for investment projects.
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