KRG to set up Foreign Loans Committee

In another part of the meeting, Deputy Prime Minister Talabani and Ministers of Finance and Economy and Natural Resources discussed the issue of loan from international banks under the Kurdistan Region Parliament Law No. 7 of 2015, published in Official Gazette on 25 June.

Deputy Prime Minister Talabani briefed the Council about the talks held recently with a number of international financial institutions, noting that the move will help the Kurdistan Region not only in securing financial resources, but it would also further enhance the position of the Kurdistan Region in gaining market credibility.

The members of the Council expressed their support for this project and decided to set up a special committee to be in charge of the implementation of the Law.

Issue of amendment of Kurdistan Region Presidency Law

Regarding the Kurdistan Parliament meeting which held on 23 June 2015 to discuss amendments to the Law of Kurdistan Region Presidency, Prime Minister Barzani pointed out that this move created unease among the people in the Region and was a violation of the principle of consensus, while the session of parliament was held without consulting other parties and not taking into account the current difficulties which the Kurdistan Region passes through.

However, he added, exerting efforts to reach a common understanding among the leaders of political parties continues.

He said, meanwhile, the Kurdistan Parliament move should not reflect in the government work, which as a broad-base government has been conducting its affairs in harmony and unity of ranks.

The Ministers, present at the meeting, unanimously expressed their support for the stance of Prime Minister on the need for the unity of ranks and stances in conducting government affairs, and not to violate the principle of consensus. They also expressed concern about the Parliament move which deals with a sensitive subject at this critical moment.

(Source: KRG)