Home
Delayed debts regained by the Trade Bank of Iraq, says Iraqi prime minister
10 Jul 2013
Nuri al-Maliki, Iraqi Prime Minister, announced that the Trade Bank of Iraq was able to recover the delayed debts from investors that have exceeded a billion and a half dollars, stressing that Iraq is seeking to adopt a new political economy after emerging from Chapter VII.
On the occasion of celebrating the 10th anniversary of the establishment of Trade Bank of Iraq, he stated, "This bank is still new and has passed through difficult circumstances and incorrect practices, but we returned things on track.”
He further remarked, "The delayed debts of investors were more than a billion and a half dollars but the bank was able to recover them, as these loans have entered practically under the construction and reconstruction process."
He stated his happiness also on the context of Iraq’s getting out from the Chapter VII obligations. In this regard, he mentioned, "Iraq is heading towards reconstruction, services and is increasing its wealth, and work on the multiplicity of the per capita income of the Iraqi person across the tourism industry which is an important aspect to address every fault that we suffer from".
Prime Minister accepted that fact that Iraq has a lot of things to be reconstructed and the country is still suffering from deterioration of the service conditions. However, he is hopeful that after exiting Chapter VII, a lot of positive things are there waiting for the country and soon the country will reach towards its desired economic prosperity.
[You must be registered and logged in to see this link.]
10 Jul 2013
Nuri al-Maliki, Iraqi Prime Minister, announced that the Trade Bank of Iraq was able to recover the delayed debts from investors that have exceeded a billion and a half dollars, stressing that Iraq is seeking to adopt a new political economy after emerging from Chapter VII.
On the occasion of celebrating the 10th anniversary of the establishment of Trade Bank of Iraq, he stated, "This bank is still new and has passed through difficult circumstances and incorrect practices, but we returned things on track.”
He further remarked, "The delayed debts of investors were more than a billion and a half dollars but the bank was able to recover them, as these loans have entered practically under the construction and reconstruction process."
He stated his happiness also on the context of Iraq’s getting out from the Chapter VII obligations. In this regard, he mentioned, "Iraq is heading towards reconstruction, services and is increasing its wealth, and work on the multiplicity of the per capita income of the Iraqi person across the tourism industry which is an important aspect to address every fault that we suffer from".
Prime Minister accepted that fact that Iraq has a lot of things to be reconstructed and the country is still suffering from deterioration of the service conditions. However, he is hopeful that after exiting Chapter VII, a lot of positive things are there waiting for the country and soon the country will reach towards its desired economic prosperity.
[You must be registered and logged in to see this link.]
