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Kuwait con. to sink Iraq in debts - MP

Iraqi militias get 1st payment of Kuwait donor Conference, Kuwaiti figures condemn event
Kuwait con. to sink Iraq in debts - MP

MP of the State of Law Coalition Fatima al-Zurkani asserted on Sunday that the Iraqi reconstruction conference that was held in Kuwait will sink Iraq in debts and will damage the coming generations.

In a statement, Zurkani said that Iraq has received 29.07 billion dollars loans at high interest rates, noting that this will damage Iraq's budget and will make Iraqis even poorer.

She added that Iraq must invest in oil refineries to decrease the government spending.

Zurkani noted that the government must form future plans to develop the economy.