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Parliamentary Finance: borrowing from abroad, an indispensable step but it will not take place without the consent of Parliament
22/9/2015
Parliamentary Finance Committee, confirmed on Tuesday that the government will not be able to borrow from abroad without the approval of Parliament, while promised that this constitutes "an indispensable step" allocated for the implementation of infrastructure projects and services through payment on credit, called for the need to take into account Iraq not a country "bankrupt" and to continue to revitalize the agricultural and industrial sectors and the restructuring of loss-making industrial companies. The member of the Committee, Najiba Najib said that "borrowing from abroad is an indispensable step, although it is a negative case in normal circumstances," noting that "Iraq is passing through exceptional circumstances, as a result of the fateful war being waged against terrorism and the decline in world oil prices and is the only supplier of its economy , which led to the suspension of projects and financial crisis. " She said Najib, there is a "plan for the tabulation of borrowing with the World Bank," indicating that "external borrowing will be for projects payment on credit Browns infrastructure and services, but most future loans amounting to six billion dollars, will be through treasury bonds, but that will be only the approval of Parliament." . She explained a member of the parliamentary finance committee, that "the Commission will examine the issue and show its observations on it", calling for the need to "taking into account that Iraq is not a bankrupt country, and the government embarked on interesting sectors of industry and agriculture, through the allocation of five trillion dinars in loans for small and medium-sized enterprises, and the restructuring of some of the Ministry of Industry and Minerals companies. " According to Najib, that there is "" 45 profitable company, and 135 losers being rehabilitated for the advancement of their betterment
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22/9/2015
Parliamentary Finance Committee, confirmed on Tuesday that the government will not be able to borrow from abroad without the approval of Parliament, while promised that this constitutes "an indispensable step" allocated for the implementation of infrastructure projects and services through payment on credit, called for the need to take into account Iraq not a country "bankrupt" and to continue to revitalize the agricultural and industrial sectors and the restructuring of loss-making industrial companies. The member of the Committee, Najiba Najib said that "borrowing from abroad is an indispensable step, although it is a negative case in normal circumstances," noting that "Iraq is passing through exceptional circumstances, as a result of the fateful war being waged against terrorism and the decline in world oil prices and is the only supplier of its economy , which led to the suspension of projects and financial crisis. " She said Najib, there is a "plan for the tabulation of borrowing with the World Bank," indicating that "external borrowing will be for projects payment on credit Browns infrastructure and services, but most future loans amounting to six billion dollars, will be through treasury bonds, but that will be only the approval of Parliament." . She explained a member of the parliamentary finance committee, that "the Commission will examine the issue and show its observations on it", calling for the need to "taking into account that Iraq is not a bankrupt country, and the government embarked on interesting sectors of industry and agriculture, through the allocation of five trillion dinars in loans for small and medium-sized enterprises, and the restructuring of some of the Ministry of Industry and Minerals companies. " According to Najib, that there is "" 45 profitable company, and 135 losers being rehabilitated for the advancement of their betterment
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