The Minister Of Planning Confirms The Government’s Tendency To Stop External Borrowing, Except In The Case Of Necessity

The Deputy Prime Minister, Minister of Planning, Muhammad Ali Tamim, affirmed the government's tendency to stop external borrowing, except in the case of necessity, and the loans are directed to the implementation of giant strategic development projects, such as electricity projects, roads, irrigation stations and ports.

During his meeting with the Chinese ambassador to Iraq, Cui Wei, and his accompanying delegation, Tamim indicated Iraq's sincere desire to develop bilateral relations and benefit from the Chinese development experience, by attracting large companies to invest in various regions of the country, and in all fields.

For his part, Wei expressed his country's readiness to support the Iraqi government's efforts in the development field and to achieve economic partnership with Iraq, in accordance with the common interests between the two countries, stressing the Chinese government's interest in implementing the provisions of the framework agreement, and preparing all related measures that contribute to advance moving forward implementation.

During the meeting, which was attended by the Director General of International Cooperation, Dr. Saher Abdel-Kadhim, and a number of senior officers in the Ministries of Planning and Foreign Affairs, according to a statement by the Ministry of Planning, mechanisms for activating and implementing the provisions of the framework agreement between Iraq and China were discussed, in line with the priorities of the government program, and the directions of the Iraqi government, to advance the reality of the services situation, especially in the field of schools, hospitals, electricity, and other service sectors.

Source: National Iraqi News Agency