Shura council concludes its discussion regarding the foreign debt.
His Excellency Mr. Ahmed al-Samawi ; the governor of central bank attend today the shura council headed by by its chairman mr. Abdul-Aziz abdul ghani to discuss the issues of foreign debt and the aid and foreign grant.
The governor assures that these loans and grants is been managed effectively with coordination between the central bank, ministry of finance and the ministry of planning.
The governor also pointed out that those foreign loans are being devoted for investment purpose not for financing government current spending. He also emphasize that government does not borrow at high rates