Posted 3/9/2024, 2:26:16 AM
Parliament Approves $300M World Bank Loan Despite Minority Debt Concerns
- Parliament approves $300 million World Bank loan to support 2024 budget financing
- Minority raises concerns about worsening debt situation and questions impact of past borrowing
- Minority suggests withdrawing $7 billion in tax exemptions instead of taking on more debt
- Government argues tax exemptions needed to stimulate industrial growth
- Despite minority objections, loan approved by majority voice vote after finance minister gave assurances
