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Abadi adviser: Iraq maintained its financial soundness toughest conditions
Economy News / Baghdad ...
Financial adviser said President Minister Dr. The appearance of Mohammed Saleh, that go to foreign loans did not come from a vacuum, where he faced Iraq in very difficult circumstances led him to this matter in the forefront of the decline in oil prices and the war on Daesh.
Saleh said in a press statement, that the war on terrorism over the past few years, Iraq cost $ 40 billion, indicating that the US military loan was a military equipment to the urgent need them, and faced Iraq in 2014 Sdmtin represented the first decline of crude oil prices in world markets and the war on "Daesh" the terrorist and the accompanying large expenses.
He pointed out that the financial circumstances of Iraq during 2014 and its aftermath could be described as quite as difficult, noting that financial management has worked successfully and was able to maintain the financial integrity.
And accept the benefit of the reality of loans and why Iraq went to the international market to borrow, where Iraq has received advice from international institutions and how Nlthm financial world and must avail himself of Iraq multilateral financial umbrella, and we went to the international transportation fund and then get on a long-term and an interest rate acceptable loan, adding that the international community seen the country through its relationship to the Fund, which extends its relationship with 180 countries.
He said the IMF had conditions designed to service the Iraqi economy begins to improve financial performance and respect of State accounts and liquidity management and fund demanded the establishment of the Deposit Insurance Corporation.
He said the fund draw a road map to meet the budget deficit which is expected to be the nearly 50 billion dollars in three years, and how they faced, pointing out that the external borrowing during the year 2016 amounted to 3.8 trillion dinars.
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Economy News / Baghdad ...
Financial adviser said President Minister Dr. The appearance of Mohammed Saleh, that go to foreign loans did not come from a vacuum, where he faced Iraq in very difficult circumstances led him to this matter in the forefront of the decline in oil prices and the war on Daesh.
Saleh said in a press statement, that the war on terrorism over the past few years, Iraq cost $ 40 billion, indicating that the US military loan was a military equipment to the urgent need them, and faced Iraq in 2014 Sdmtin represented the first decline of crude oil prices in world markets and the war on "Daesh" the terrorist and the accompanying large expenses.
He pointed out that the financial circumstances of Iraq during 2014 and its aftermath could be described as quite as difficult, noting that financial management has worked successfully and was able to maintain the financial integrity.
And accept the benefit of the reality of loans and why Iraq went to the international market to borrow, where Iraq has received advice from international institutions and how Nlthm financial world and must avail himself of Iraq multilateral financial umbrella, and we went to the international transportation fund and then get on a long-term and an interest rate acceptable loan, adding that the international community seen the country through its relationship to the Fund, which extends its relationship with 180 countries.
He said the IMF had conditions designed to service the Iraqi economy begins to improve financial performance and respect of State accounts and liquidity management and fund demanded the establishment of the Deposit Insurance Corporation.
He said the fund draw a road map to meet the budget deficit which is expected to be the nearly 50 billion dollars in three years, and how they faced, pointing out that the external borrowing during the year 2016 amounted to 3.8 trillion dinars.
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