Economic parliamentary: All foreign loans went to investment projects


 

Baghdad:

A member of the Committee on Economy and Investment Parliamentary Najiba Najib, on Monday, that all amounts of foreign loans went to investment projects in the country.
According to Najib in a press interview he followed the “Economy News” that the 2017 loans covered the shortfall in the state budget all have gone to investment projects, indicating that those loans were from the International Monetary America Fund and the World Bank Group, Germany, Japan, Britain and the Islamic Bank and others.
She added that those projects concerned with electricity, health, and the reconstruction of the liberated areas, and will repay those amounts of low interest, noting that the money will be spent in place in order to identify disbursement by donors where it is hard to get cases of corruption.
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