More loans .. more conditions

by **Rocky** Tue 17 Jan 2017, 3:02 am

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More loans .. more conditions

by Rocky Tue 17 Jan 2017, 3:02 am

More loans .. more conditions

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1/17/2017 0:00

[rtl]The Ministry of Finance bond guarantee with the United States whereby the latter toensure foreign bonds that the Iraqi government will be issued during this month inexchange for funding of one billion dollars, without announcing what is contained in theConvention requirements and referred her , held a press conference on the sidelines of the signing of the agreement as an agreement ( specific policies must be taken into consideration ..) ,
especially that the American side will guarantee the payment of the amount borrowed, plus interest issued under the financial support of the Iraqi government. Remarkably , in the marketing of the event through the media, it is exaggerating its importance across ruminate what has been said about what would be provided by this loan as a resource that will enable the Iraqi government to fulfill its obligations to the Iraqi people and is not a more than 4 percent of the money supply chunky size of the public, which may not actors Related agitated , although governed by political tools of fiscal and monetary! Even the observer to think that this exaggeration of the local currency bloc and left out of circulation and away from the work of financial institutions are not Baksidih grounds of national failure in the management arena.
Here are breeding a thousand questions and a question about the plans and processors reform launched by the government and the continuation of mismanagement and corruption by the two Anhishan in the body of the state and its formations and sap more money and time as well as disable more energies and possibilities and if there is the will control the institutions of the country which is dragging the country into more debt, does learning media reported that about 3.3 trillion dinars Off on investment two years ago and is frozen in central bank accounts as part of his initiative to support the real sector, a figure that accounts for more than two and a half of the value of this loan , which celebrated its media also celebrates the news of the marriage one of the stars Hollywood, and began to chew the cud talk of what Allah has sent down by the Sultan such as "this loan will provide access to international capital markets for more loans!" as if access to credit is the ultimate goal of the state 's role in the overall economy and the advantage will take the future of the country to righteousness safety! As well as the high indebtedness rate with that seen in our country's structural economic imbalances is an indication of a low credit rating and not vice versa, as intended to be on Iraq as an oil country !, reason to pause a little bit and find out what is going on around us?
As the approach of economic containment in international politics is no longer a secret to engaged in politics and international economy, and therefore, the dependence of the sovereignty and the future of many developing countries through debt capped a big firm of requirements is one of the pillars of this containment to perpetuate dependency, as it is capital that rules the world still operates the cash accumulated in developing countries in order to turn a profit and to ensure the continued survival of these countries in the global capitalist system. Here it is useful to remember the debt of developing countries that were not exceed more than $ 50 billion in 1968 , but it had accumulated very rapidly to more than 500 trillion dollars by the year 2010 due to the so - called external debt service (premiums and benefits) that eat up a large part of cash resources generated by exports from developing countries, with a sharp rise in foreign debt size increased external debt services, and so countries have entered the city on a treadmill over its inability to meet its financial obligations in their set, because you have to request new loans and the conditions more difficult for the payment of premiums and benefits on the old loans.
The fact that 90 percent of the debt owed by developing countries is only the benefits that the real debt has been paid in the form of premiums and benefits, and in this way dependent upon the fate of the economies of those countries , however , based on a triad of globalization.
Accordingly, the financing of the deficit in the current year budget of $ 21.659 trillion dinars through foreign borrowing and money chunky in homes account for about 70 percent of the money supply issued by the Central, while the allocated funds do not find it run by seriously, as well as the insistence of the International Monetary Fund each year to bring out the budget suffers from a gap large deficits financed by external borrowing, with drumming on the lifting of the credit rating , including customary contrary to the global economic trade, with the arrival of public debt levels to $ 60 billion .. all of this points to the features of the same scenario that has happened in a lot of developing countries that have signed into the trap of debt, as the resort creditors usually to open the door to get a new loan to pay off the loan principal and benefits different from what it was with the calculation of benefits Altochrih value, and quickly multiply these interest on the principal in the event of non - fulfillment to repay the second loan. With more requirements that mortgage the future of the country by a decision of the authorities only. [/rtl]

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Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

More loans .. more conditions

More loans .. more conditions

More loans .. more conditions

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