Tigris and Euphrates» and revive the economy

Tigris and Euphrates» and revive the economy



08/8/2017 12:00 am

Abdul-Zahra Mohammed al-Hindawi
In the wake of the financial crisis that hit Iraq in 2014 and the accompanying security crisis, the fear and anxiety of the possible serious repercussions of that crisis has reached its range, and there were expectations of local and international experts that Iraq will collapse economically in the first half of 2015 and at best to the end of that General, and have been issued such fears by ministers in the government !! When they said that the government will be unable to pay the salaries of its employees because of the necessary funds to secure those salaries, which are about 38 trillion dinars annually; no doubt that such attitudes and statements cast a negative impact on reality With all its details, WPA Employees fearful of the possibility of their salaries stopped.
Certainly, fears of this kind will be justified in a country that has no financial resources but oil, and with the continuation of the collapse in prices, it was necessary to search for solutions and treatments that contribute to the shift from the case of defense and try to get out of the crisis with minimal losses to the state of planning medium or The results of which are the beginning of a number of treatments related to improving the reality of development. Among these solutions are the reconsideration of investment projects, the creation of non-oil financial resources and other measures that have led a number of international organizations and friendly countries to express their readiness. The provision of support for Iraq through soft loans.
But despite the ease of these loans and the modest numbers, they are ultimately a burden on the economy and therefore, they need efficient management to achieve the economic and social feasibility required, especially after the great economic success achieved on the second of this month, which is the entry of Iraq to the financial markets After the issuance of the second international sovereign bond in the name of (Euphrates) and its duration of more than five years, and surprising that more than 350 companies from the international investment companies competed among themselves to buy the Iraqi bond, representing a total of a global financial number up to 12 Tre Lyon dollars, while the volume of purchase orders reached about 6 trillion dollars to support (Euphrates) Iraq secured by the Iraqi government and not by any other international body as the first in Sindh (Tigris) , which safeguarded the United States government.
And when we talk about the investment turnout by international companies to buy Iraqi bonds, this means that an important financing outlet will be Iraq contributes to finance the chronic deficit suffered by the budget, as well as
to move the wheel of economic activity,
on the other hand will be an economic achievement reassuring and encouraging men Businessmen and investors to enter Iraq aggressively and participate in the process of reconstruction of the liberated areas, and thus dispel all the concerns that were concerned with economic affairs.
But the most important is that the administration of this file is of importance, because the achievement was not easy at all, it is the result of the efforts of great and painstaking by the members of the national team who were carrying a national spirit high, as well as being eminent experts experienced by the economic arena at the national and international levels, so This achievement should be maintained and directed to the right direction that serves the development of the country.

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After the issuance of the second international sovereign bond in the name of (Euphrates) and its duration of more than five years, and surprising that more than 350 companies from the international investment companies competed among themselves to buy the Iraqi bond, representing a total of a global financial number up to 12 Tre Lyon dollars, while the volume of purchase orders reached about 6 trillion dollars to support (Euphrates) Iraq secured by the Iraqi government and not by any other international body as the first in Sindh (Tigris) , which safeguarded the United States government.

What is this all about??? 6 trillion dollars... I don't get this. That's a lot of USD