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Don961 » May 11th, 2020
Cougar: Iraq is unable to weather its financial and economic crisis without resorting to borrowing
by EditorEconomy8 Hours ago
Member of the Parliamentary Finance Committee, Jamal Kujer, saw that Iraq is unable to overcome its financial and economic crisis without resorting to borrowing, either internally or externally.
Cougar said that the Iraqi state has no choice but to resort to borrowing in order to face the crisis, internal borrowing is limited and the crisis is great, which makes it have to resort to external borrowing.
Cougar added, that Iraq is an oil and pivotal country, in a geographically sensitive region, so the possibility of obtaining loans is available, and there are many countries ready to support it, especially as this will have economic returns for them in the future. LINK
Iobey777 » May 11th, 2020
I guess he did not get the memo that Iraq will NOT be getting any loans from external sources!! RAISE THE RATE!!
Coco » May 11th, 2020
The USMCA is to take effect July 1, 2020 for the U.S., Canada and Mexico. President Trump continues to say that Quarter 3 will be transitional and Quarter 4 will be good.
Just wondering if Iraq will reinstate end of Quarter 2 (June 30th).
Dr. Shabibi always said beginning or middle of the year for reinstatement.
President Trump can say the improving economy is due in part to the USMCA, when in fact it's the reinstatement.
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