Parliament approves $300m loan after Amin Adam intervenes over $449m tax waiver

The Finance Minister addressing the House said “Mr Speaker, let me take this opportunity to clarify a few issues.

First of all, this is not an IMF facility, it is a World Bank facility.

“It is concessional and this house is familiar with that concessional facilities!

This same house approved the financing for the 2024 budget, a total financing of 61 billion

And this is one of the facilities that we are pursuing to finance the 2024 budget

And therefore as we already know, the 2024 budget, through this house, allocated resources to different projects and programmes for the year.

“I want to assure them [Minority] that I will take a look at these exemptions