World Bank: Iraq will exceed its financial crisis

[yota691]

World Bank: Iraq will exceed its financial crisis

News Source:Ali Abd al-Salman

 

Section:economic Page

 

May 8, 2015 11:08

 

Readers Number:1

 

 

 The World Bank said it would provide a loan to Iraq, repaid over 35 years, at an interest rate of up to 1.5% and expected to contribute to the loan with the help of Iraq in the current financial crisis.

He said the World Bank for the Middle East and Asia adviser, charitable Shban, "The World Bank seeks to help Iraq in its current crisis, which caused big losses to him, hoping that the bank provides loans that will be of great financial and economic interest."

"The bank is considering providing a loan for Iraq, are repaid in 35 years, with an additional five years with interest to allow up to only 1.5%, making it one of concessional loans, in terms of the conditions and facilities compared to what provided by banks and private institutions."

He pointed out that "the loan will be devoted to the reconstruction and provision of services to the liberated areas, and encourage investors to work in Iraq after the availability of those loans, expected to be the launch of this loan by next July and father."

Shban confirmed that the loan would help Iraq to cross its financial crisis this year and the next two years that can be played by and recover a record time.

 

 

[Officiallytook]

Yes!!!!

[new york kevin]

It this referring to the $800,000,000 loan ?

[TrinityeXchange]

if this isn't a message to encourage everyone to know that the global community has a major interest in the success of iraq.  1.5% interest over 35 years is basically giving money away.  

[skeetdog]

Thanks Yota...Guess it looks pretty impressive been the World Bank is givin' ya a loan at the same time your tryin' to get an international credit-ratin'...

[Laid Back]

I would like to get a loan at 1.5% for 35 years to buy my dream house.

I know..... I'm not Iraq

Go Iraq

Go WB

Go IMF

Go loans

Go cbi

Go dinar

Go $0.85+

[zzztop]

Oil is at around $60 per barrel.  Their budget, if I'm not mistaken, was calculated with oil at $50 per barrel.  As oil rises over the next few months we will see many more glowing articles about Iraq.  IMO of course.

[TQueezy]

Yay. Now RV dammit.

[Boozer]

Just checked OIL 65.61 The budget 57.. Looks go to me.. The BIG Question is.. When will we get off this Fu%$#@  up Ride ?????

[AJC]

A huge step closer !!!!! TY Yota !!!!

[MillieChatham]

Please before Ramadan!

[pchester]

I have got ask? How is getting a loan going to help getting an RV...