Planning Minister confirms the government's approach to stop external debt

 
Baghdad-INA

Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, confirmed on Tuesday the government's intention to stop external debt, while indicating Iraq's desire to attract large Chinese companies to invest in all fields.
 
"Deputy Prime Minister, Minister of Planning, Muhammad Ali Tamim, received the Chinese ambassador to Iraq, Cui Wei, and his accompanying delegation," stated The Ministry of Planning in a statement, received by The Iraqi News Agency-INA.Noting that "during the meeting , they discussed mechanisms for activating and implementing the provisions of the framework agreement between Iraq and China, in line with the priorities of the government program, and the directions of the Iraqi government, to advance the reality of services, especially in the field of schools, hospitals, electricity, and the rest of the service sectors”.

Tamim stressed that "The government tends to stop external borrowing, unless it is necessary, and the loans are allocated to implement giant strategic development projects, such as electricity projects, roads, irrigation stations and ports," affirming "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, Ambassador Cui 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."