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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 got $ 20 billion in loans to bridge the fiscal deficit since 2014

    Rocky
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    Iraq got $ 20 billion in loans to bridge the fiscal deficit since 2014 Empty Iraq got $ 20 billion in loans to bridge the fiscal deficit since 2014

    Post by Rocky Wed 01 Feb 2017, 1:44 am

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    Iraq got $ 20 billion in loans to bridge the fiscal deficit since 2014


     Baghdad / term 

    Government officials blocked foreign loans of 20 billion dollars out of the $ 50 billion is to discover the size of the deficit in the budgets of the three years that Almadih.orghawwa to reach Iraq 's debt to $ 164 billion by the end of 2017, stressing that the share of the Iraqi individual to repay debt of $ 3,500 . 
     
    And explains the financial advisor to the Prime Minister, the appearance of Mohammed Saleh, the reasons for asylum Iraq 's internal and external borrowing, Saleh said at a seminar organized by the Tammuz Organization for Social Development, said that "asylum Iraq to international loans did not come haphazardly, but because of the difficult economic conditions , including the decline in oil prices and the war on Daesh terrorist which cost more than 40 billion dollars , "noting that" the direction of Iraq 's foreign loans due to the advice of international institutions in order to subduction Iraq under multilateral international financial umbrella. "  
      Saleh pointed out, "directed Iraq to the International Monetary Fund , World Bank and entered into analliance and the Convention on prepping known as credit (SBA) , which imposes precise obligations and conditions consistent with the economic reform requirements," adding that " the terms of the International Monetary Fund is to improve financial performance and enhance financial governance and control in the CBI action by amending the law, tightening controls on the state accounts and cash management and financial management to amend a law and the law of the integrity Commission and the prosecution and the recovery of money fugitive. " 
    Financial adviser and explained that " the international loans eased the severity of the economic crisis and the International Monetary Fund to draw a road map to address the projected shortfall in the budget for the three years 2014-2015-2016 , which were estimated at nearly 50 billion dollars , " adding that "to meet the fiscal deficit to take Iraq a loan from the World Bank amounted to $ 3 billion in repaid interest rate convergence of 2% over 18 years, also borrowed from the international Monetary Fund for $ 5.3 billion in repaid interest rate of 1.5% for five years, then seven major industrialized nations provided soft loans totaling $ 4 billion in response to the call of Mouazh launched by the G7 group in the Tokyo Conference of solidarity with Iraq. " 
    Saleh said that "Kuwait postponed fulfillment of the remaining dues of reparations Iraq by the war, amounting to $ 4.6 billion, in addition to access to (2) two billion dollars aid from other countries, and thus available to Iraq , international loans are approximately $ 20 billion of the projected deficit by 50 billion dollars, while the remainder of the deficit, estimated at $ 30 billion, the repayment is based on the three ways in which the possibility of improved oil prices and internal borrowing and financial re - engineering and the internal requirements of Iraq must work out. " 
    Salih noted that " the share of each individual in an Iraqi push total debt of $ 3,500 the other hand, what it estimator of taxes of $ 200 per year." 
    For his part, he said a member of the Board of the Central Bank of Iraq management, Majid picture, that "Iraq had a financial surplus of $ 35 billion by the year 1980 and after the war became the Iranian owe $ 42 billion." Noting that " the debt gone through three phases, the first phase of the Iran war and the second invasion of Kuwait , which resulted in a UN resolution to compel Iraq to compensate for all the damage caused by the war and suffered from the international embargo stage could no longer borrow, but there is information that he borrowed more than $ 50 billion. " 
    And completed a mock interview, " The third stage is the post - 2003 has been divided into the first two periods until mid - 2014 in which the price of a barrel of oil and managed the country reduce its debt in accordance with the international efforts and the process of a good settlement managed to repay $ 69 billion out of $ 125 billion, this is what helped him to receive international confidence and enter into the international classification " 
    and noted a member of the board of the Central Bank," the second period is the post - invasion Daesh and caused by the war and ruin since mid - 2014 in terms of total loans amounted to $ 101 billion at the end of 2016 (60 billion foreign debt and 41 internal), and Iraq could payment during that year only benefits. " 
    He noted that "this year , the expected size of the debt will be $ 164 billion between internal and external loans and the Kurdistan region is expected to be $ 40 billion." 
    And the reasons the debt increase Suri spoke to "increase the public debt because of the lack of vision and Stratejp of the state and the non - application plans and the absence of good governance and coordination between Iraqi institutions as well as rampant corruption in all aspects of the state." 
    But the vice president of the Association of Iraqi economists, on behalf of Jamil Antoine stressed that "international loans need for sound management to deal with them so as to achieve repayment and not to resort it again, taking advantage of human potential and national competencies and the use of effective methods for the advancement of the economy and develop the work of banks and encourage citizens to banking deal because of its the importance of attracting hoarder outside banks and investment projects the money. "

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