[You must be registered and logged in to see this link.]
Prime Minister Haider al-Abadi and UN Secretary General Ban Ki-moon and the heads of the World and Islamic banks, on Saturday (March 26 2016).
Iraq tops the list of World Bank loans worth $ 20 billion and warnings of a "squandered"
Author: AB, ASJ, HH
Editor: AB, HH 03.29.2016 11:32 Number of Views: 325
Prime Minister Haider al-Abadi and UN Secretary General Ban Ki-moon and the heads of the World and Islamic banks, on Saturday (March 26 2016).
Iraq tops the list of World Bank loans worth $ 20 billion and warnings of a "squandered"
Author: AB, ASJ, HH
Editor: AB, HH 03.29.2016 11:32 Number of Views: 325
Long-Presse / Baghdad
Finance Committee in the House of Representatives, confirmed on Tuesday that Iraq is suffering from a financial and economic problems, "sharp require international intervention," and promised that a key visit to the banks nations and Muslim Iraq had come on time, and as revealed that Iraq tops the World Bank projects loan list of $ 20 billion dollars, indicated its intention to provide $ 250 million loan for Iraq, and promises of the Islamic Development Bank to provide grants.
He said the Commission decision of meat Ahmed Rashid said in an interview (range Press), "The heads of the World Bank and the Islamic Bank visit timely, particularly since Iraq is suffering a severe financial and economic problems that require international intervention."
He said Rashid, that "the visit revealed that the World Bank's intention to provide $ 250 million in accordance with the benefit of time and reasonable, as well as the issue of Iraq existing Bank projects loan and a $ 20 billion allocated to countries in the Middle East," noting that "the World Bank president called for partnerships with World countries to lift the Iraqi economy financially, and participate in the rebuilding of Iraq through international experience. "
He meat, that "the Islamic Bank promised to give to a number of provinces in particular that has been devastated by the organization (Daash), and the granting of future industrial and agricultural sectors for the promotion of sectors," noting that "the Islamic Bank called for the deepening of relations between the private and public sectors."
Central Bank: amounts few international institutions and their negotiations on the government and not seek advice
The CBI has promised, that the amounts provided so far of the few international institutions and does not cover the fiscal deficit, calling on the Iraqi government to "negotiate with these institutions in accordance with the economic interests of the country, and not to deal with them as institutions consultant to advise you."
He said the Council of the Iraqi Central Bank board member Ahmed Rehn said in an interview to the (long-Presse), said, "We hope to provide loans to Iraq by international Islamic banks according pledged the World Bank to provide a loan to Iraq in an earlier meeting, which prepared a report on the Iraqi economy, published in the end of the year 2015 ", adding that" the Islamic Bank offers between two and other assistance to its members, including Iraq. "
Rehn said, "The amount being offered is still low and not commensurate with the file in the Iraqi budget deficit," pointing out that "on Iraq to deal with the international financial institutions and try to take advantage of them to the extent possible."
Rehn stressed that "the World Bank and International Monetary Fund loans advanced against the conditions," asserting that "these institutions could not provide much to Iraq in spite of dealing with them on a regular basis since 2003".
He called Rehn, the government "for its efforts with those institutions from the logic of negotiation and defend the interests of the country, according to the discretion and understanding, according to the responsibility for the Iraqi economy, not on the mind advisory institutions offering advice to Iraq," adding that "these financial institutions have the goals at the international level ".
Economist: loans are the easiest and the door wider to overcome the crisis and fears of corruption institutions
The Economist, that the solution to the economic crisis facing the country are two options are to reduce costs and increase revenue, or loans, with the exception of loans, "the door wider and easier" to overcome the crisis, he stressed that the international institutions will not provide loans in cash. "
The expert in financial matters on behalf of Jamil Antoine in an interview to the (long-Presse), said that "Iraq is facing today the plight of the great economic crisis can not be undeniable, due to lower imports of oil sales by more than 60%, and the lack of other sources," returned to "the economy was walking at random and unstructured, in the absence of the productive sectors, particularly industry, agriculture and tourism sectors, which would have been a very significant financial resource for the country. "
He added Antoine, that "the solution to the crisis facing the country is to reduce expenses or increase revenue and loans," noting that "the first option is not something or easy, to be accompanied by the imposition of taxes and fees, so the loans is the door easier and broader."
He pointed out Antoine, that "the World Bank financial organizations loans provided in accordance with the conviction of those institutions conduct of the Iraqi economy on the right path, and not according to the mood of the Iraqi judges," pointing out that "these institutions loans will not offer cash, but will be presented in the form of funding for a range of projects offered by Iraq, under the control of these institutions. "
He saw an expert on financial affairs, that "the deficit financing in the current year's budget must be through loans, one of which IDB's loan of $ 500 million," explaining that "search this loan feet, was lend Iraq $ 250 million of it."
Antoine promised, that "there is fear that the international institutions such loans marred by corruption operations, such as those that swallowed $ 800 billion through successive budgets without offering something tangible," stressing that "the loans will be subject to scrutiny and surveillance."
Warnings of the withdrawal of international institutions for "helping hand"
For its part, stressed the economic and investment commission in the Chamber of Deputies, the need to "preserve the funds to be provided by international institutions," while warning of "pull those institutions Walid aid in the event of wasting that money."
The Commission said the economy and investment parliamentary member Nora Albjara in an interview to the (long-Presse), said that "it is necessary to maintain the funds that will be transferred from the international and Islamic banks, stressing that" a lot of money from those allocated to help Iraq gone previously without knowing its fate. "
She called Albjara, to "seriously work towards the sustainability of communication with the international financial institutions, through the implementation of vital projects through loans," warning that "the withdrawal of those institutions Walid assistance in the event of non-implementation of these projects and the squandering of funds, leading to a fall in big trouble too because of the financial crisis experienced by the country. "
The World Bank President Jim Yong Kim announced, in (26 March 2016), the possibility of the bank to provide assistance to the Iraqi government headed by Haider al-Abadi "to achieve economic and administrative reforms," and as he pointed to the allocation of $ 250 million to rebuild the areas liberated from al (Daash) He stressed, "and the international community stand with Iraq in the war against terrorism."
It is noteworthy that the Secretary-General of the United Nations Ban Ki-moon and the heads of the World and Islamic banks visited, in (26 March 2016), to the capital Baghdad on an official visit.
[You must be registered and logged in to see this link.]
Today at 5:11 pm by Rocky
» Sudanese advisor criticizes Kuwaiti analyzes regarding the development road project
Today at 2:21 pm by Rocky
» Al-Mandalawi stresses the need to strengthen economic and trade cooperation between Iraq and Poland
Today at 2:04 pm by Rocky
» Power maneuvers: America provides defensive weapons to Kurdistan in exchange for withholding from Ba
Today at 10:26 am by Rocky
» Kuwait is drilling an oil well near Umm Qasr, towards Iraqi territory
Today at 10:24 am by Rocky
» In the document... the first Iraqi ministry identifies the obstacles to changing the new official wo
Today at 10:22 am by Rocky
» Italian Institute: Iraq is stuck in its own crises, including Baghdad’s efforts to undermine the “au
Today at 10:21 am by Rocky
» The head of the Integrity Commission announces the holding of an international Interpol conference i
Today at 10:18 am by Rocky
» Planning: Iraqi companies are not efficient in conducting the population census
Today at 10:14 am by Rocky
» utube MM&C 4/24/24 Support - USA- Turkey - Timing- Currency Value - Tabled
Today at 8:08 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Today at 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Today at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Today at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Today at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Today at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Today at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Today at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Today at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Today at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Today at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Today at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Today at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Today at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Today at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Today at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Today at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Today at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Today at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Today at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Today at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Today at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Today at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Today at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Today at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Today at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Today at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Today at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Today at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Today at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Today at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Today at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Today at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Today at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Today at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Today at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Today at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Today at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Today at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Today at 4:16 am by Rocky
» The Iraqi government issues new decisions
Yesterday at 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Yesterday at 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Yesterday at 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Yesterday at 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Yesterday at 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Yesterday at 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Yesterday at 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Yesterday at 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Yesterday at 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Yesterday at 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Yesterday at 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Yesterday at 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Yesterday at 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Yesterday at 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Yesterday at 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Yesterday at 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Yesterday at 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Yesterday at 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Yesterday at 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Yesterday at 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Yesterday at 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Yesterday at 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Yesterday at 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Yesterday at 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Yesterday at 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Yesterday at 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Yesterday at 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Yesterday at 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Yesterday at 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Yesterday at 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Yesterday at 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Yesterday at 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Yesterday at 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Yesterday at 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Yesterday at 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Yesterday at 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Yesterday at 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Yesterday at 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Yesterday at 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Yesterday at 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Yesterday at 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Yesterday at 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Yesterday at 5:14 am by Rocky
» A sixth licensing round for gas exploration
Yesterday at 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Yesterday at 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Yesterday at 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Yesterday at 5:08 am by Rocky
» Planning: Conduct a population census next November
Yesterday at 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Yesterday at 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Yesterday at 5:02 am by Rocky