BAGHDAD / Source News / ..
A member of the Commission on oil and energy parliamentary Kawa Muhammad, on Tuesday, that the Iraqi government might have to get a loan from the International Monetary Fund and the World Bank to face a sharp drop in oil prices and the global markets.
Mohammed explained in a press statement I followed Agency / Source News /, that "Iraq depends mainly on oil imports, as well as the case for some countries which are modeled on Iraq, which will not be in the economic situation is good in light of the sharp decline in oil prices."
He said Mohammed, said "the Iraqi government to take timely action and other measures long-term, if there is a strategic vision to find other imports can be adopted as the main source alongside oil a government program, with a focus on the industrial, agricultural and organizing customs and benefits sectors,"
he said. " The government may have to borrow from the International Monetary Fund an amount of four billion and a half .billion dollars and two billion dollars from the World Bank
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