Parliamentary Finance: IMF loan to revive economy

Since 01.06.2016 at 09:07 (Baghdad time)

Special scales News

Parliamentary Finance Committee promised, on Wednesday, the IMF loan means the recovery of the Iraqi economy.

The committee member said Masood Haider, L / balance News /, that "according to the Iraqi constitution to be the region's share of the IMF loan of 17% of the loan," persisting "But this carries political aspects, so be discussed in the Council of Ministers, as needed discrepancies between the governments in Baghdad and Kurdistan. "

He said Haider, that "loan does not contain any risk, but on the contrary, it carries many positive aspects, including the federal government to support and encourage them to economic reform and encouraging the private sector, as well as legislation to the budget law in accordance with international standards."

He pointed to a committee member, said: "Loan said the provinces did not want him to share it."

It is said that the International Monetary Fund, World Bank and international partners have agreed, in the May 19, 2016, to give Iraq a loan of $ 15 billion at an interest rate of 1.5% .

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