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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


    Expert: debt can constitute an obstacle to the growth of the national economy

    Hkp1
    Hkp1
    Hkp1
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    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Expert: debt can constitute an obstacle to the growth of the national economy Empty Expert: debt can constitute an obstacle to the growth of the national economy

    Post by Hkp1 Sat 22 Dec 2012, 1:59 pm

    Expert: debt can constitute an obstacle to the growth of the national economy










    22/12/2012 12: 24 am
    After the Bank pledged to lend Iraq $ 900 million

    Baghdad-Haidar flaih Al-Rubaie
    Iqbal Economist criticized Iraq on
    increase foreign borrowing at a time during which rates of oil
    production and export increase, pointing out that external debt could
    shackle the economy and put it in front of many future obligations, at a
    time when the World Bank announced its commitment to grant Iraq a
    financial loan of $ 900 million next year, the World Centre for
    development studies at the London-based step, pointing to soaring world
    oil prices and increased production, singing on the resort to borrowing,
    adding Although the recycled funds
    prior years $ 50 billion to exploit these amounts have not been any
    significant development activities ".


    The World Bank pledged in a statement to lend Iraq $ 900 million over
    the next 4 years, under the plan to help create jobs and build stronger
    institutions, before criticizing the move by economists and global
    development institutions, noting that the Iraqi experience in borrowing
    billions of dollars over the past years has not been able to overcome
    the economic crisis and the weak GDP growth.


    Although
    Iraqi budgets usually start with a deficit of up to 12 percent, but the
    economic expert Jamil Antoine assured (morning) that normally ends
    deficit surplus with 12 percent, an indicator he shows flop in
    entrepreneurship, especially that most of the budget surplus funds of
    the venture, and is evidence of the reluctance in implementing the
    strategic plans of projects by Antoine who asked: To Iraq when the fiscal surplus before so what is borrowing?.


    The expert
    warned that debt and borrowing could shackle the Iraqi economy in the
    future, and to the significant financial commitments may add another
    burden on him, especially that the country still suffers from some
    financial debts resulting from international sanctions or other
    borrowing accept Iraq since years.


    Antoine
    warned of the possibility of increased borrowing and financial
    commitments to increasing financial and administrative corruption,
    especially if you do not find the real exchange ports, then the
    country's financial losses will double between debt accumulation and not
    achieve the objectives for which the borrowing, indicating the presence
    of financial accumulation exceeds the amount the World Bank said its
    lending to Iraq by dozens of times, and is the sum of the amounts
    retained from the previous budgets of nearly 57 trillion Iraqi dinars,
    the country used in establishing many development projects And
    productivity that could double the country's financial revenue in the
    future. be admitted to Iraq Antoine for a loan by the World Bank that is
    overkill for private sector support, and provide more financial loans
    in order to activate certain aspects of productivity, particularly in
    the industrial and agricultural aspects, seeking to maximize the
    financial resources of the country by increasing the size of the gross
    domestic product and diversify sources of income, as well as solve many
    economic problems are installed, such as the operation of the private
    sector, and the exploitation of the workforce unemployed, and increased
    Iraqi exports.


    The
    World Bank considers that the public sector still dominates the Iraqi
    economy as a result of the Central legacy, and that "good management of
    large oil wealth and human resources in Iraq, in addition to effective
    investment climate will be key to growth and job creation".

    Referring
    to the obligations to provide more financial support to Iraq and
    indicated that this amount falls within the framework of economic
    strategy, discussed by the Board of Directors on the Bank's lending.
    global expressed cycle development studies astonished of how to
    distribute the loan due to Iraq, saying that "Observer of the loan
    details surprised by how these amounts are distributed over four years
    to create jobs and build the Iraqi institutions failed to budget for the
    year 2012 and amounting to nearly $ 100 billion", referring to "Although
    money Rotator prior years $ 50 billion that Iraq has not been able to
    exploit these amounts in any significant development activities".


    The Centre's
    statement said that "the Iraqi economy features looks troubled and often
    distorted, and that" Iraq crisis today is not the poor infrastructure
    and poverty but also reflected in poor distribution of resources, weak
    skills and overseeing economic plans for the Iraqi State, "he said,
    adding that" at a time when Iraq balancing affinity for next year 2013 $
    119 billion dollars, the country is still under a centralized State
    controlled    .

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