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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

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    Al-Hadithi: The deterioration of the Iraqi economy pushed the government to borrow external

    Rocky
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    • Post n°1

    Al-Hadithi: The deterioration of the Iraqi economy pushed the government to borrow external Empty Al-Hadithi: The deterioration of the Iraqi economy pushed the government to borrow external

    Post by Rocky Fri 24 Mar 2017, 3:13 am

    Al-Hadithi: The deterioration of the Iraqi economy pushed the government to borrow external


    Last updated: 23 March 2017 - 2:20 PM
    BAGHDAD / Iraqi Prime Minister Saad al-Hadithi said on Thursday that Iraq's imports fell by 70 percent or more than before the formation of the current government, prompting them to resort to foreign borrowing policy. He said in a press statement today: That "the reason for resorting to Iraq's foreign borrowing policy is the decline of imports of Iraq by 70% or more than it was before the formation of the current government because of the serious decline in oil prices," adding that "the previous period is sold oil above $ 30 and the costs of producing companies $ 10 per barrel And what remains a small part. "He added that" Iraq has resorted to Foreign loans when he signed the credit readiness in July of last year and the lender received soft loans from the IMF and the World Bank, "pointing out that" these loans the interest rate does not exceed 1.5%, one of the lowest loans interest rate obtained by Iraq. " "These loans did not include preconditions, nor did they impose an external economic will on us, nor would the Iraqi economy be mortgaged at all because it has a very long repayment period and little interest." Regarding the donor countries, al-Hadithi stressed that "Iraq received assistance from Germany, Japan, Italy, the European Union and the United States The money spent under the donor program is spent through international organizations and humanitarian institutions of donor countries, that is, Iraq has not received amounts in practice at all, "pointing out that" the Iraqi government in turn provides visions, visions, projects and the logistical effort to take advantage of these grants. " The future of Iraq's economy over the next four or five years because of the government's tendency to prepare an ambitious program to diversify the economy and to pursue a rational policy in consumption and pressure of expenditure and government spending and the direction of alternative sources of oil.
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