Thursday, January 21, 2016

Looking for zero interest debt. Ministry of Finance wants international subsidies on T-bills and infrastructure projects


The Government is seeking from international organizations interest rate subsidies on Treasury bills to buttress the public budget and ease the debt burden, said Ali Hassan Khalil, the Minister of Finance.

The MoF is seeking to obtain soft loans at near-zero interest rates for vital infrastructure projects that include healthcare, education, and electricity projects. "If this is achieved, it will have a positive impact on our overall financial situation," Khalil said following a meeting ...

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