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Economist : Treasury will inflict significant damage to Iraq following the external borrowing (Dif- Source)
july 21 2015
Baghdad / Center Brief for the Iraqi Media Network ) IMN) -
a banking expert formerly head of the Association of private banks Abdul Aziz Hassoun said that the treasury will inflict significant damage to Iraq if the financial external borrowing continued .
He explained Hassoun's ( IMN) that " Iraq continues to borrow large sums of money to him secretions negative affect on the Treasury financial state and affect the credibility of the state in paid and in failing to external liabilities, resulting in significant damage to the financial position of the state "
, calling to " domestic borrowing on favorable terms " .
The Ministry of Finance has signed with the World Bank earlier this month on a loan of 350 million dollars the duration of the 15 -year repayment.
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july 21 2015
Baghdad / Center Brief for the Iraqi Media Network ) IMN) -
a banking expert formerly head of the Association of private banks Abdul Aziz Hassoun said that the treasury will inflict significant damage to Iraq if the financial external borrowing continued .
He explained Hassoun's ( IMN) that " Iraq continues to borrow large sums of money to him secretions negative affect on the Treasury financial state and affect the credibility of the state in paid and in failing to external liabilities, resulting in significant damage to the financial position of the state "
, calling to " domestic borrowing on favorable terms " .
The Ministry of Finance has signed with the World Bank earlier this month on a loan of 350 million dollars the duration of the 15 -year repayment.
[You must be registered and logged in to see this link.]
