Iraqi PM objects: The Japanese loan will grant 34 billion yen to Kurdistan and Iraq will pay for it for the next 40 years

Shafaq News / The Minister of Oil , Adel Abdul Mahdi acknowledged on Saturday that the development in the oil field in Iraq was at the expense of other sectors in the country,
calling for the need to address this matter in order to avoid future crises and economic problems.

Abdul-Mahdi said in a speech during a meeting of local governments to discuss issues related to the transfer of powers to the producing provinces, which was held in Dhi Qar, that oil development in the past decades has been at the expense of other sectors of industry, agriculture, tourism and others as This development led to internal and external wars.

The Minister of Oil added that oil must be at the service of the Iraqi citizen and what we've seen in previous decades that oil development has led to increased unemployment, on the contrary of what is required

http://english.shafaaq.com/business/16424-abdul-mahdi-oil-developed-in-iraq-at-the-expense-of-other-sectors-and-caused-internal-and-external-wars.html

It will get worse before it gets better, I'm afraid, the way things are going over there, until Abadi pulls his head out of the dark side of his 'moon',it will not change-

Iraqi PM objects: The Japanese loan will grant 34 billion yen to Kurdistan and Iraq will pay for it for the next 40 years

Baghdad: The head of al-Erada bloc, MP Hanan al-Fatlawi has called the Parliament not to vote on the draft law of the Japanese loan, that will Kurdistan Region 34 billion Japanese yen ($282 million), as Iraq will have to pay for it for the next 40 years. Fatlawi said on her own account in Facebook, the Parliament discussed a draft law of the Japanese loan, which includes a loan of 34 billion Japanese yen for the Sewerage project of Kurdistan region, while gives electricity projects for all Iraq worth 53 billion yen, including the region as well. She added that the loan will be repaid over the next 40 years, Iraq will Mortgage Basra oil to pay the loan for the region and for all the provinces, confirming that if case of the region’s secession from the center , Iraq will continue to pay the owed amount of Kurdistan. Fatlawi called on “all MPs not to vote on the law.” shafaaq.com






http://ekurd.net/ira...mber-2015-11-01

I thought Iraq was bankrupt? If that is the case, how can they afford to pay back a loan with no money to back it up? 40 years is a long time, and I don't think Japan will remain patient for that long, do you?