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Posted: Mar 15 2017, 05:56 AM
Member No.: 1,517
Joined: 8-December 16
For too long Southern Italy has lagged behind in both quality of life and economic production. To fix this we have created a stimulus package designed to alleviate the economic hardships in several key areas.
-Infrastructure, expansion of port facilities, and industrial/manufacturing investments in Napoli
-Infrastructure and industrial/manufacturing investments in Bari
-Infrastructure and industrial/manufacturing investments in Salerno
-Agricultural and tourism investments in Sicily
-Agricultural and infrastructure investments in Calabria
We would like to acquire a loan of 60 credits to be paid back over a period of 6 years for this investment (cost confirmed by Ismail?) and the Italian Republic will contribute a further 10 credits from our own budget.
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Posted: Mar 15 2017, 06:53 AM
Member No.: 1,428
Joined: 27-October 16
I fully support Italy in its attempts to revitalize the economic situation of Southern Italy. However, as things stand I would predict only an income of about 13 credits for Italy within the next 6 years, which would be inadequate to repay in the predicted timescale.
Does Italy have any information which would suggest otherwise?
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Posted: Mar 15 2017, 06:58 AM
Member No.: 1,494
Joined: 3-December 16
As a point of order, the IMF is only able to issue 50 IC worth of loans to a single country to be repaid over 6 years, we do not object to the Italian proposal but we thing that the World bank would be a more suitable body to apply to as it can meet Italys needs.
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