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The Finance and Budget Committee of the People’s Assembly discusses urgent draft laws related to guarantees for loans directed towards the phosphate sector and chemical industries. The projects include agreements to secure loans from the European Bank for Reconstruction and Development and the Islamic Trade Finance Corporation, aimed at financing the modernization of mining equipment and fertilizer imports. Deputies highlighted that the absence of a clear strategic vision for this sector hinders the evaluation of these projects' feasibility, and they call for the development of a reform program and a strategy to rescue struggling public enterprises in order to reduce expenses and improve their performance.
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