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Borrow from the fund will have cumulative effects on the Iraqi economy

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Borrow from the fund will have cumulative effects on the Iraqi economy Empty Borrow from the fund will have cumulative effects on the Iraqi economy

Post by Ponee Fri May 01, 2015 12:27 pm

Borrow from the fund will have cumulative effects on the Iraqi economy 1401020190_1

BAGHDAD / Source News / .. warned the Economic Media Center, on Thursday, an increase of borrowed funds from the International Monetary Fund because it will fall upon the state debt.

The head of the Muhammad Ali Center Durgham told / Source News /, that "the annual borrowing from the International Monetary Fund will have cumulative effects on the Iraqi economy in the short and medium term, in addition to his shoulders the burdens of the conditions affecting the country's economic policies."

 He continued, "So it is better to legalize international loans, especially from the IMF and linked only majeure and remove him from the plug options in times of economic relax."

The parliamentary Finance Committee on Thursday announced a $ 800 million loan from the International Monetary Fund to support the federal budget for 2015.



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