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Parliamentary Finance: IMF loan will not benefit Iraq

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Rocky


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Parliamentary Finance: IMF loan will not benefit Iraq




November 16, 2015 0


Finance Committee announced in the House of Representatives, Monday, that Iraq will not benefit from the loans that will take them from the International Monetary Fund, noting that the commandments of the IMF will adversely affect the services provided for the Iraqi people, and stressed that the loans will go to the issues of consumption, not investment.

A member of the Committee, MP Ahmad meat dry: the borrowing policy is not in favor of Iraq, it is a deferred tax on the state, and the testimony of most economists longer loan revenue is not desirable, but the loan is successful if it aims to bridge the investment projects.

He said dry that the loans that will take them Iraq is currently successful, they are going to the consumer aspects of the climate of Iraq is not an investment in the first place, therefore, Iraq would give Trliunin and 200 billion dinars annually as an economy loans and about a trillion and 500 billion dinars in interest for the loans, which means that Iraq will be a heavy debt .

Dry and clear: that the commandments of the International Monetary Fund against Iraq in return for granting loans, very unfair of the government requires the removal of subsidies on services provided to citizens gradually. "

He noted that "the fund's commandments will adversely affect the services provided for the Iraqi people, and this is caused because the wrong policies followed by the Iraqi officials when he was Iraq has the wealth, not the IMF, thus we see Iraq fall days after the last economic downturn to the recession."

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