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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Parliamentary committees: Iraq's foreign loans exceeded the barrier of 70 billion dollars

    Rocky
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    Parliamentary committees: Iraq's foreign loans exceeded the barrier of 70 billion dollars Empty Parliamentary committees: Iraq's foreign loans exceeded the barrier of 70 billion dollars

    Post by Rocky Sat 07 Jan 2017, 1:40 am

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    Parliamentary committees: Iraq's foreign loans exceeded the barrier of 70 billion dollars


     Baghdad / peace Zidane 

    The Iraqi government signed with their US counterparts to ensure agreement to borrow one billion dollars from foreign banks interest at a rate of 2%. In the meantime , the parliamentary Economic Committee confirmed that the foreign loans to Iraq exceeded the barrier of 70 billion dollars. 

    The international banks have refused to grant loans to finance Iraq B2 billion dollars, through negotiations conducted by an Iraqi delegation headed by Finance Minister Hoshyar Zebari article in Washington. Banks attributed their position to the bad credit situation in Iraq, the big problems affecting the local economy. 
    In turn , demanded the other banks, the credit portfolio is estimated at about $ 5 trillion, and the Iraqi government to pay annual interest of 11.5%. Baghdad and forced to negotiate with the IMF for the signing of lower interest rates from 11.5% to only 2% agreement. 
    A statement from the US Embassy in Baghdad, received a (long - Presse), a copy of it, that " the Government of Iraq signed, the loan guarantee with the United States - billion - dollar agreement , " adding signature "as a first step in the process that would allow Iraq to a greater opportunity to enter international capital markets. " 
    He said the US embassy release that "Iraq could yet have been fulfilled legal requirements and taking into account the specific procedures, to move forward to become the beneficiary of the guarantee sovereign loan from the United States , " adding that " the loan guarantee this confirms a permanent commitment from the United States to the people and the Government of Iraq in their battle against Daesh. " 
    She said the embassy " is designed to ensure that the loan was to support Iraq financially Gahd in his quest to complete the liberation of Iraq from Daesh and continue the important economic reforms in order to restore growth
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