Former Iraqi lawmaker Yasser Al-Husseini said the new government may move toward external borrowing from friendly countries instead of relying on the World Bank to address Iraq’s growing financial crisis and budget deficit.
Al-Husseini told dinaropinions.com that the government urgently needs practical solutions to deal with the current financial situation, especially since many of the previous borrowing methods are no longer effective.
He explained that the government’s financial file has become the biggest challenge facing Iraq at the present stage, stressing the importance of finding quick solutions to maintain the country’s stability.
Al-Husseini also warned that there are parties attempting to destabilize the country, making it even more important for the government to overcome the economic crisis.
He added that borrowing from friendly countries remains a possible option in order to avoid turning to the World Bank and to help move the financial situation forward.
According to Al-Husseini, the Council of Representatives of Iraq could vote on such measures in order to resolve the current crisis and support financial stability.
