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Iraqi Dinar 123 News:- There are numbers of development projects under operation and require prompt finance to ensure their continuity in Iraq. These development projects need funds on regular basis and the delay in budget means the delay in projects.

Iraqi Dinar 123 News :- With the help of international financial institutes Iraq has improved its financial situation. It has also been able to lessen its foreign debt because of these companies.By the help that these companies are providing Iraq; it will be useful in getting rid of debt and gain access to the credit rating which would lead to a better economic system of the country.

Iraq invaded Kuwait in 1990 and caused damaged the oil fields of Kuwait. After this UNO imposed sanctions on Iraq and asked Iraq to withdraw from Kuwait. Iraq will have to pay $82 billion for the damaged it did in Kuwait in 1990.

The World Bank signed an agreement on a loan of 355 million dollars to develop the dry canal project and finance the construction of the road network of domestic and international presence of the Minister of Finance Agency purity of net debt and the Minister of Construction and Housing Mohammad Darraji and World Bank representative Fred bin Haj and a group of Commission services and reconstruction in Iraq's parliament.

Iraqi Dinar 123 News :- For the development of Iraq it is important to build relationships with international banks. This way the country would be able to help in making payments for the investments and debts.

Keeping in view the public debt law, the Ministry of finance issued remittances which were backed by the government of Iraq. The Central Bank of Iraq also had a key role to play in the idea of holding auction, granting remittances and every thing else related to it.

The Member of Parliament for the Liberal bloc, Magda al-Tamimi said that "among the definitions section (2) of the Financial Administration Act and the Public Debt No. 95 of 2004 amended there is a clause stating that the budget allocation is the legal authority granted to the government to spend public money during the fiscal year for the purposes of specific.