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Government is moving external borrowing and manages compass global banks: Snsddha to "forward"
09.10.2015
It revealed a member of the economic and investment commission parliamentary Najiba Najib, Thursday, about the existence of a government orientation to borrow $ 5 billion from global companies and banks for the completion of major projects in Iraq.
She said Najib's / scales News / "The financial budget of the country allowed the government the right to borrow $ 5 billion to stroll financial affairs in bridging the deficit to the fact that lending has become the only solution before them in light of the drop in oil prices and the difficulty in obtaining other financial resources of industry and agriculture."
She said the economic and investment commission parliamentary member that "sustained by the Iraqi government side of negotiations with the companies and banks world over to borrow that amount of money, especially since those loans would be directed towards the implementation of major infrastructure projects in all sectors and through the payment of" forward ".
The "a spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi revealed to / scales News / hold negotiations in Istanbul between the minister Salman Jumaili and some major international banks representatives to lend to Iraq and his support in the 2016 budget," saying "give a wide space for oil and electricity sectors in planned investment projects implemented early next year and that the sectors most prominent in supporting the country's economy and moving the rest of the industrial and agricultural activities. "
And he confirmed that "a member of the economic and investment commission Najiba Najib and the presence of three of the loans within the corridors of the House of Representatives belong to the infrastructure and reconstruction projects and highways, noting that it needs a parliamentary vote to activate" .anthy / 29 / d 24
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09.10.2015
It revealed a member of the economic and investment commission parliamentary Najiba Najib, Thursday, about the existence of a government orientation to borrow $ 5 billion from global companies and banks for the completion of major projects in Iraq.
She said Najib's / scales News / "The financial budget of the country allowed the government the right to borrow $ 5 billion to stroll financial affairs in bridging the deficit to the fact that lending has become the only solution before them in light of the drop in oil prices and the difficulty in obtaining other financial resources of industry and agriculture."
She said the economic and investment commission parliamentary member that "sustained by the Iraqi government side of negotiations with the companies and banks world over to borrow that amount of money, especially since those loans would be directed towards the implementation of major infrastructure projects in all sectors and through the payment of" forward ".
The "a spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi revealed to / scales News / hold negotiations in Istanbul between the minister Salman Jumaili and some major international banks representatives to lend to Iraq and his support in the 2016 budget," saying "give a wide space for oil and electricity sectors in planned investment projects implemented early next year and that the sectors most prominent in supporting the country's economy and moving the rest of the industrial and agricultural activities. "
And he confirmed that "a member of the economic and investment commission Najiba Najib and the presence of three of the loans within the corridors of the House of Representatives belong to the infrastructure and reconstruction projects and highways, noting that it needs a parliamentary vote to activate" .anthy / 29 / d 24
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