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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq to get $1 billion loan from U.S. for public services, reform plan

    Rocky
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    Iraq to get $1 billion loan from U.S. for public services, reform plan Empty Iraq to get $1 billion loan from U.S. for public services, reform plan

    Post by Rocky Fri 06 Jan 2017, 3:55 am

    Iraq to get $1 billion loan from U.S. for public services, reform plan
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    BAGHDAD,— Iraqi governmental officials took the first step of borrowing up to $1 billion from the United States on Thursday to alleviate the country’s financial crisis, help reform plans and provide public services.
    “These funds will help the Government of Iraq provide food, water, shelter, and medical care to the most vulnerable Iraqis as well as allow Iraqis to benefit from government services, such as education, that prepare them for a bright and fulfilling future,” said Stephanie Williams, the US Embassy in Baghdad’s Chargé d’Affaires, after co-signing the agreement in Baghdad.
    Baghdad must fulfill legal requirements and policy considerations prior to securing the loan, which could allow “Iraq to obtain greater access to international capital markets,” according to an embassy press release.

    “This loan guarantee is designed to financially support Iraq as it strives to complete the liberation of Iraq from (IS) and pursue important economic reforms to restore growth and prosperity,” William said.
    The United States is leading a global coalition to assist Iraqis in expelling IS from the country.
    Additionally, the two countries must formally exchange diplomatic notes, a step that should occur in the next few weeks according to the press release.
    “The loan guarantee agreement recognizes that Iraq continues to make progress toward meeting its economic reform goals,” Iraqi Deputy Minister of Finance Fadhil Nabi said following the signing of the agreement.
    In early December, the Iraqi parliament approved a 100.67 trillion Iraqi dinars (about $85 billion) budget for 2017, based on projections of an oil price of $42 per barrel.
    It forecast a deficit of 21.7 trillion dinars ($19 billion) and spending of 100.7 trillion dinars.
    Previous foreign financial aid to Iraq have stipulated that the Kurdistan Region must get its share, though the embassy statement did not mention if any of the loan was to go = to the Kurdistan Regional Government (KRG).
    The governments of Iraq and the KRG have been embroiled over budget disputes since 2014.

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