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THE MINISTRY OF INDUSTRY: TWO BILLION ARE NOT ENOUGH TO RESTRUCTURE THE LOSS-MAKING OUR COMPANIES
September 11, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The Ministry of Industry and Minerals confirmed, that the loan allocated by the World Bank of $ 2 billion is not enough for the rehabilitation of the two companies to the ministry.
He said Undersecretary Dairi Mackie's (IMN) "The Ministry of Industry loss-making companies need huge sums of money for restructuring," pointing out that "the economic situation that the country is going through the budget and not to exchange hampered the rehabilitation of some loss-making companies."
The World Bank agreed during the last two days, a loan disbursement of US $ 2 billion to support loss-making companies in an effort to support and turn it into a winner.
Dairi and pointed out that "there is a tendency by the Ministry of Industry to put its loss-making foreign companies to invest and re-qualify them fully."
And refused to economic and investment commission in Parliament last month, restructuring of loss-making in the ministries of industry, transport companies, demand a change officials and departments because they are the main reason for the failure of those saying Acharkat.bhsp.
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September 11, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The Ministry of Industry and Minerals confirmed, that the loan allocated by the World Bank of $ 2 billion is not enough for the rehabilitation of the two companies to the ministry.
He said Undersecretary Dairi Mackie's (IMN) "The Ministry of Industry loss-making companies need huge sums of money for restructuring," pointing out that "the economic situation that the country is going through the budget and not to exchange hampered the rehabilitation of some loss-making companies."
The World Bank agreed during the last two days, a loan disbursement of US $ 2 billion to support loss-making companies in an effort to support and turn it into a winner.
Dairi and pointed out that "there is a tendency by the Ministry of Industry to put its loss-making foreign companies to invest and re-qualify them fully."
And refused to economic and investment commission in Parliament last month, restructuring of loss-making in the ministries of industry, transport companies, demand a change officials and departments because they are the main reason for the failure of those saying Acharkat.bhsp.
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