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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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    The private sector contributes to the promotion of the value of sovereign bonds

    day dreamer
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    • Post n°1

    The private sector contributes to the promotion of the value of sovereign bonds Empty The private sector contributes to the promotion of the value of sovereign bonds

    Post by day dreamer Sun 06 Sep 2015, 6:42 pm

    The private sector contributes to the promotion of the value of sovereign bonds
    7/9/2015 0:00


    Related News: saving energy production reduces import
         BAGHDAD Mustafa al-Hashemi
         The country's economy is facing several challenges Perhaps the most prominent of the energy for the productive sectors, which in turn will drive the economy and contribute greatly to reduce dependence on oil exports to finance the budget, which is expected to see a deficit of Iraq is seeking to diluted by issuing sovereign bonds provide will be launched by the Ministry of Finance to world markets soon.
    In this regard, the banking advisor Dr. Essam Mahouelle said that the most prominent faces of the country's economy in general production, in particular, the private sector is the lack of electric power supply, which is a major nerve in any industry or the economy similar to Iraq's economy.
    He Mahouelle in an interview for »morning» if the energy savings to the factories and the rest of the productive sectors will be dispensed import including rate of 65 percent, and for all types of goods, noting that the continuation of the industry stops will exacerbate the economic problems as well as it goes with money the country to import what can be produced and industry     locally and save millions of dollars rather than wasted in this way.
    He stressed that the reactivation of the productive sectors will contribute a lot in driving the economy forward because of the supplied jobs and absorb unemployment rate in turn reduces poverty rates and gives the country's economic stability and remarkable growth will be reflected in the value of bonds intended to be the country issued to reduce the proportion of the deficit in the budget next year and subsequent years.
    The government is preparing, represented by the Ministry of Finance during the current period to start marketing to sell bonds denominated in US dollar and the euro and global markets to obtain cash financing for the purpose of bridging the deficit in the budget next year.
    According to one interested in the economy of the sites Iraq, the banks «City Krupp, Netherlands Bank, and JP Morgan» will be the main source of Iraqi bonds expected to sell.
    He said the site «that the material yield, which he hopes Iraq raised from the bond sale will be $ 6 billion to cover the expected budget deficit in the next year, comes this release to be the first in almost a decade, was the last international items Iraq was issued in 2006.
    This comes at a time when «Fitch» Foundation awarded credit rating, last month, Iraq its first credit rating sovereign versions of which is sought by the country before his intention to issue international bonds worth five billion dollars, aims to ease the pressure drop in oil prices on the state budget.
    Known credit rating GCR an acronym for (global credit rating) as a measure to assess the possibility of the borrower to meet its obligations in the face of lenders, or in other words, the risk of non-payment of lender (issuer) to meet its obligations (loan value and benefits) of the borrower (bond holder).     And is rated the world's credit rating ladder consists of four grades are A, B, C and D as well as variables that represent signal the + or - different Petkrarat.
    And it chose B_ Fitch rating with a stable outlook for Iraq which is less than six degrees from investment grade AAA) or A +++) attributed it to political risk and poor security, which said it is one of the most serious risks faced by any entity It has a sovereign credit rated by Fitch.     According to experts, this rating also can be reconsidered after the economic stability and security of Iraq and the financial situation as well as because it possesses the qualifications that will raise the degree Ranked advanced degrees.
    He returned to Mahouelle confirms the importance of the role of domestic production in the granting of Iraq international economic reputation contribute to enhance its potential and its wealth and resources through the installation of its obligations to pay sovereign debt in this area.
    He believed that Iraq is able to meet the challenges of the budget and the decline in world oil prices deficit if they were able to solve the electricity problem, especially since he has the stature of a tourist religious and historical as well as being an agricultural and industrialized countries have the young energies money enjoyed by the country one else possesses these ingredients combined.
    He concluded by saying: that the majority of countries with sovereign rating based and relied heavily on the private sector, Maittalb currently providing government support to him through legislation and facilities including the Aatqata economic and the need for Iraq to maximize its financial resources, stressing that the private sector has the ingredients for success if there     Terms of the local production directed to cover the need of the market and the reduction of imports that random drained a large part of his money.
    He said it is necessary to activate now, the reforms adopted by the government, especially regarding the economic aspect, explaining that the private sector has the flexibility in the movement of funds and free from bureaucratic constraints, as well as it tends to achieve feasibility.



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