The outcome of the Kuwait conference .. The government confirms the ability of Iraq to deal with loans and experts prefer to reject them

The outcome of the Kuwait conference .. The government confirms the ability of Iraq to deal with loans and experts prefer to reject them



18/02/2018

Economy News _ Baghdad

The economic adviser to the Prime Minister, the appearance of Mohammed Saleh, on Sunday, Iraq is committed to the limits set for all countries on obtaining loans, pointing to the intention of the Gulf countries to extinguish the debts owed by Iraq.

Saleh said in an interview with "The Economist News" that Iraq is committed to the limits of religion allowed him, "noting that most of its debts dating back to the era of 1990, to the Iran-Iraq war, a debt has not been confirmed by the lack of documents to prove

, "The Gulf states have the intention to write off their debts, which Iraq has suffered for the last time, and the UAE years ago, decided to cancel the debt, but it is still verbal and undocumented."

He expected the economic adviser, "to write off debts owed by Iraq after the Kuwait Conference to have the capacity to deal with loans," describing the speech on Iraq's failure to accept the loans obtained at the Kuwait Conference as "contradictory" because "the World Bank is one of the sponsors of the conference Warns that Iraq can not repay the loans. "

In turn, the economic expert, Abdul Rahman al-Mashhadani, one of the participants in the Kuwait Conference, "the economy News", that Iraq does not need the loans obtained at the conference, even if the benefits are easy, noting that "Iraq needs loans to lead to Buy production lines and invest in factories to run a workforce or loans that address the balance of payments imbalances. "

He added that Iraq had a "license" he had obtained two years ago when they gave him a credit rating (B +) from the World Bank to qualify for loans with his guarantee as well as the International Monetary Fund. He also has a pledge from Britain for 10 billion pounds, up to 14 billion dollars, By the Kuwait Conference.

"The aim of the Kuwait conference is to get grants, but what we got is loans," he said. "We have also revealed that some investors are even afraid of tribal conflicts that threaten some projects.

Sources familiar with the Council of Ministers had revealed earlier that Prime Minister Haider Abadi may "reject" the loans granted to Iraq at the Kuwait Conference, noting that the World Bank has confirmed the inability of the country to bear more debt.

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