Iraq has a large budget and is not in need of international loans

by **Ponee** Mon Dec 23, 2013 10:39 am

Parliamentary Finance: Iraq has a large budget and is not in need of international loans

23-12-2013 10:27 AM

Baghdad (news) .. Confirmed the parliamentary finance committee, said that Iraq is not in need of international financial loans, indicating that the loan provided by the World Bank amounting to 355 million dollars came for the purpose of a link Iraqi internationalist economic policy.

The deputy chairman of the Commission Ahmed Faizullah (of the Agency news): that Iraq has financial budget is very large estimated at more than 174 trillion dinars and has huge oil reserves and the potential of being able to export large quantities of oil, so it does not need for international loans to set up projects in country.

He added that the purpose of the loan fund, which will be presented by the World Bank amounting to 355 million dollars came for the purpose of strengthening the relations between Iraq and the World Bank and make economic and financial policy of the Iraqi linked to international policy and in order not to be Iraq's isolation from the world.

The World Bank Trust Fund announced its intention to lend Iraq amounted to $ 355 million dollars for the establishment of strategic projects and infrastructure in the country. / End / 8.'s. M /
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