Home
Japan Signs Memorandum to Extend $ 500 Million Loan to Iraq
economy Since 2017-09-06 at 12:41 (Baghdad time)
Baghdad Mawazine News
The Japanese Embassy in Baghdad has signed a memorandum with Iraq to provide a financial loan .
"On the sixth day of September, the signing of the mutual memoranda was held in Baghdad to provide Japanese official development aid loan (Japanese loan). The loan aims at improving the harsh financial conditions and reforming the country's finances by helping The Iraqi government in its current reforms in the areas of administration and finance . "
The decline in world oil prices in recent years has resulted in a sharp decline in Iraqi government revenues. At the same time, Iraq has had to increase spending on defense and relief for displaced people due to terrorist lobbying, causing increased government spending .
According to IMF estimates, Iraq's budget deficit in 2016 was 14.1 percent. While the public debt in the same year reached 66.9% compared to GDP .
In view of these circumstances, Japan and the G7 countries in the Group Leaders Declaration of the Summit held in Isi-Chima in May 2016 expressed their continued support for Iraq's efforts to address the financial challenges and support the economy through reform .
"This loan is part of Japan's commitment to provide financial assistance in accordance with the announcement, amounting to US $ 500 million," the embassy statement said .
The loan was preceded by the "Development and Financial Reform Policy (Phase I)" loan, which reached $ 233 million (25 billion yen) in June 2016 .
"This loan is expected to contribute to the reform program by improving government spending, energy efficiency and transparency of public companies . "
This Japanese assistance is jointly funded with the World Bank . Finished
[You must be registered and logged in to see this link.]
economy Since 2017-09-06 at 12:41 (Baghdad time)
Baghdad Mawazine News
The Japanese Embassy in Baghdad has signed a memorandum with Iraq to provide a financial loan .
"On the sixth day of September, the signing of the mutual memoranda was held in Baghdad to provide Japanese official development aid loan (Japanese loan). The loan aims at improving the harsh financial conditions and reforming the country's finances by helping The Iraqi government in its current reforms in the areas of administration and finance . "
The decline in world oil prices in recent years has resulted in a sharp decline in Iraqi government revenues. At the same time, Iraq has had to increase spending on defense and relief for displaced people due to terrorist lobbying, causing increased government spending .
According to IMF estimates, Iraq's budget deficit in 2016 was 14.1 percent. While the public debt in the same year reached 66.9% compared to GDP .
In view of these circumstances, Japan and the G7 countries in the Group Leaders Declaration of the Summit held in Isi-Chima in May 2016 expressed their continued support for Iraq's efforts to address the financial challenges and support the economy through reform .
"This loan is part of Japan's commitment to provide financial assistance in accordance with the announcement, amounting to US $ 500 million," the embassy statement said .
The loan was preceded by the "Development and Financial Reform Policy (Phase I)" loan, which reached $ 233 million (25 billion yen) in June 2016 .
"This loan is expected to contribute to the reform program by improving government spending, energy efficiency and transparency of public companies . "
This Japanese assistance is jointly funded with the World Bank . Finished
[You must be registered and logged in to see this link.]
» A "pessimistic" prediction of health: every 10 minutes a person dies in Iraq for this reason
» Regarding the salary of a full-time appointee... This is the date for launching an electronic form f
» Economic clarification: The government is lying about repaying the IMF debt
» Labor will soon launch a form to apply for wounded military personnel to receive the salary of a ful
» A government advisor outlines the truth about governorate allocations and demolishes the “common bel
» After his meeting with the Basra Oil Administration, Al-Badran announces the opening of an employmen
» Following the call for an “urgent meeting” between Baghdad and Kurdistan... an expert reveals the po
» The Finance Committee confirms that there are no appointments in the 2024 budget
» Iraq did not pay its debts to the International Monetary Fund as announced: reconsider your statemen
» Planning discusses the World Human Development Report 2023-2024
» European Union: We look forward to increasing cooperation with Iraq
» Al-Halbousi ends the controversy: There is no return to Parliament
» He stressed that the digital transformation process contributes to reducing corruption....Government
» He stressed that the digital transformation process contributes to reducing corruption....Government
» Iraq: An American company and a British institute were targeted after Al-Sadr accused Washington of
» Al-Maliki and Barzani stress the importance of maintaining coordination, cooperation and understandi
» Parliamentary Finance announces the completion of the study and analysis of the 2024 budget tables
» Iraq is considering using the development route to transport oil and gas
» The Court of Cassation issues a decision regarding one of the federal decisions (documents)
» A parliamentarian reveals 18 corruption files in ports: all in the hands of integrity
» To resume exports through Ceyhan.. Baghdad calls on Erbil for an urgent meeting
» Will Parliament vote next Monday on the budget and what is the story behind the agenda?
» After its leak... Parliament officially publishes the schedule for the budget voting session on Mond
» Cigarettes... steal 10 times more money from the youth and sports budget and kill an Iraqi every 10
» Iraq occupies advanced positions in global crime indicators
» Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraq
» utube 5/29/24 MM&C Iraq Dinar-IQD-Update-Digitial Transformation-New Cash Denominations-IMF-Ratifi
» utube 5/27/24 MM&C Iraq Dinar - IQD - USD - Exchange Rate Change Inevitable - CBI Launch National
» MM&C 5/30/24 Association of Banks: The joint committee with the American side will begin its work ne
» A call to the government to initiate action to stop the domination of lands in Baghdad and the provi
» A parliamentary movement to resolve the “Business Intel” file
» The UAE imports approximately 900,000 barrels of Iraqi fuel oil
» China acknowledges: Iraq is our largest trading partner and must actively participate in the “Belt a
» Parliament recalls the importance of the recent licensing rounds: they will increase production by o
» Parliament: Baghdad and Najaf metro plans are useless for investors
» The Kurdistan Region responds to Baghdad: We are ready to negotiate to resume pumping oil through th
» The Central Bank of NINA: The expansion of electronic payment operations will push towards the adopt
» The Ministry of Foreign Affairs is discussing with the United Nations Development Program to strengt
» The Minister of Labor approves the designs of complementary projects to establish the Ministry’s off
» The Minister of Labor announces the good news of a new increase in the minimum retirement salaries f
» A complaint in Kirkuk about the proposal to rotate positions and the meeting of the Sudanese and the
» The American ambassador comments on corporate attacks: Iraq's ability to attract investments is weak
» An increase of one million barrels of oil and gas exploitation. Parliament outlines the importance o
» Al-Sudani receives Barzani and they discuss government measures in the areas of services and the eco
» Parliament denies disbursing sums of money to MPs entitled (Hajj Allocations)
» Parliamentary Finance: 16 trillion dinars from oil revenues will be added to the budget
» 24 GOP Governors Warn Biden Against ‘Unconstitutional’ WHO Pandemic Agreement
» Baghdad Council: Mafias took over the lands of the capital and the rest of the governorates
» A politician does not rule out the presence of political money in the parliamentary presidency file
» Waiting for the government to reveal the truth about its discussions with the Americans... patience
» Parliamentary services talk about disaster areas in Baghdad
» Al-Sudani discusses with Barzani the common files and ways to address them
» Kurdistan Natural Resources confirms: We are ready to visit Baghdad again to resume exporting the re
» Al-Araji: We are working to grant all Kurdistan’s entitlements in accordance with the constitution a
» A BlackRock investment fund becomes the largest Bitcoin fund in the world
» The British Ambassador: We have a desire to strengthen Iraq's friendship and support it in reconstru
» Integrity arrests an accused red-handed in practicing bargaining and bribery in exchange for issuing
» Reuters: High oil inventories prompt OPEC+ to maintain cuts
» The Minister of Transport inaugurates a new mass transit line in Baghdad
» Al-Sudani announces the opening and operation of 200 electrical stations throughout Iraq
» Oil: We seek to resume the export of Kurdistan Region oil as soon as possible
» Security media: There was no human or material damage in targeting “Caterpillar” and “Cambridge” in
» Billion dollars in debt to oil companies in Kurdistan.. “They are clear about the conditions”
» Parliament Finance talks about the budget deficit: We will adopt this mechanism to fill it
» Determining the date for work on the electronic housing card project in Iraq
» Agreement to hold a session of the Kirkuk Provincial Council
» Migration of the file for the election of the Speaker of Parliament
» European Union: We look forward to increasing cooperation with Iraq
» Transportation works to expand ports and increase their depths
» The environment clears large areas of mines in the liberated governorates
» An investment contract to develop the Al-Tariq factory for pesticide production
» List of shame
» Planning discusses the Human Development Report
» Railways and modern transport routes
» Adopting international standards brings Iraq closer to the International Labor Organization
» “Pollution of the land and sky.” Factories and refineries in Dohuk are outside environmental standar
» Erbil is chasing "unregistered lines": they have caused social problems
» Integrity issues a clarification regarding the charges attributed to one of its members in Basra
» Kurdistan expects the salaries of its employees to arrive before Eid al-Adha
» 22% of the included stores will be in the region.. Kurdistan Census is preparing for a pilot census
» Legal issues are on the table of a meeting between Judge Zaidan and the Ministers of Justice and Env
» The Prime Minister of the Kurdistan Regional Government arrives in Baghdad
» The regional government opens Article 140 with a “worrying” report...and reveals its revenues sent t
» Oil denies submitting a proposal related to donating employee benefits to the government
» The dollar recorded a slight rise on the Baghdad Stock Exchange
» In detail... Parliamentary Finance reveals the mechanism for filling the deficit in the 2024 budget
» The Ministry of Planning is discussing with the regional government representative the mechanism for
» The Central Bank announces the formation of a committee to follow up on the implementation of the na
» Parliamentary Finance calls on the World Bank to provide new visions and ideas for the Development R
» Increase in foreign remittance sales at the Central Bank of Iraq auction
» Iraq hosts the International Interpol Conference
» National Security seized one of the largest commercial fraud factories in Basra
» Targeting the American company Caterpillar and the British Cambridge Institute in Baghdad
» Oil: Production of 5 million barrels of water (sea desalination) within the Integrated South Project
» Al-Sudani breaks the “knot” of the Kirkuk Council...an agreement to proceed with the procedures for
» Iraq is eighth in the Arab world and 80th globally in the global crime index
» Al-Sudani and the New Generation Bloc stress the importance of coordination between the executive an
» “Bakhtiyar Haji” receives a delegation from the Information Technology Department of the Kurdistan R