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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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    Iraq is moving to stop paying its foreign debt

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    Iraq is moving to stop paying its foreign debt Empty Iraq is moving to stop paying its foreign debt

    Post by Rocky Thu 16 Apr 2020, 1:37 am

    [size=36]Iraq is moving to stop paying its foreign debt[/size]


     16/04/2020

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    BAGHDAD - Mawazine News,
    The government is moving to stop the collection of external debts incurred by Iraq in light of the country's declining revenues due to the drop in oil prices.
    The economic and financial advisor to Prime Minister Mazhar Muhammad Salih said that "Iraq's consultations with the IMF continue to stop foreign debt deductions," praising "the witnessed positions of the IMF in extinguishing Iraq’s debts at the Paris Club in 2004."
    He added, "Iraq, due to the Coruna virus and the drop in oil prices, entered into what is called force majeure, something that afflicted all countries of the world. Therefore, Iraq seeks to stop the payment of its debts."
    For his part, the official spokesman for the government information and communication office in the General Secretariat of the Council of Ministers, Alaa Globe Al-Fahd, said, "There are overtures between the government and the International Monetary Fund to stop collecting the debts incurred by Iraq and awaiting a response", noting that "there is no response at the present time, as There are no claims for payment. "
    Al-Fahd explained that "the government and every year when it has a deficit of the World Bank's appeals to lend to in order to finance the budget, and this year there are many things that will be taken into consideration, as the United States has proposed stopping the debt repayment at this stage which is a good thing, especially since Iraq's debts to be paid to the IMF this year are estimated at more than $ 10 billion,
    and if there is an agreement, this will benefit Iraq with the economic and political situation it is living in at this stage. "
    He pointed out that "the economy of Iraq is unstable, because it depends on oil by 95 percent and the remaining 5 cannot be collected now, because of the lack of
    taxes, fees, etc., noting that the move does not include international cash only, but to stop deducting the debts of Kuwait and the accruals of the Arab League, the amount of Arab 139 billion dollars. Completed 29 / p


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    Last edited by rocky on Thu 16 Apr 2020, 1:56 am; edited 1 time in total
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    Iraq is moving to stop paying its foreign debt Empty Iraq is approaching international criticism to stop paying its debts

    Post by Rocky Thu 16 Apr 2020, 1:46 am

    Iraq is approaching international criticism to stop paying its debts

    •  Time: 4/16/2016 08:36:21
       
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    {Baghdad: Al Furat News} The government is moving to stop the collection of external debts incurred by Iraq in light of the country's declining revenues due to the drop in oil prices, as ongoing consultations are held with the International Monetary Fund in this regard.
    The economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in a press statement, "Iraq consultations with the IMF are continuing to stop foreign debt deductions," praising "the witnessed positions of the IMF in amortizing Iraq 's debts at the Paris Club in 2004."
    And between, "Iraq, due to the Coruna virus and the drop in oil prices, entered into what is called force majeure, something that afflicted all countries of the world, and that is why Iraq seeks to stop the payment of its debts."
    For his part, the official spokesman for the government information and communication office in the General Secretariat of the Council of Ministers, Alaa Globe Al-Fahd, said, "There are overtures between the government and the International Monetary Fund to stop collecting the debts incurred by Iraq and awaiting a response", noting that "there is no response at the present time, as There are no claims for payment. "
    Ammar Al-Masoudi finished


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    Iraq is moving to stop paying its foreign debt Empty Iraq is moving to stop paying its debts

    Post by Rocky Thu 16 Apr 2020, 1:55 am

    [size=35][size=35]Iraq is moving to stop paying its debts
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    Economie

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    16-20-2020 | 01:20
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    [size=18]The Iraqi government is moving to stop the repayment of foreign debt owed by Iraq in light of the country's low revenues due to declining oil prices, as ongoing consultations are being held with the International Monetary Fund in this regard.


    The economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, "Iraq consultations with the IMF continue to stop foreign debt deductions," praising the "notable positions of the IMF in amortizing Iraqi debt in the Paris Club in 2004."






     
    Saleh told Al-Sabah that “Iraq, due to the Coruna virus and the fall in oil prices, entered into the so-called force majeure and it is a matter that afflicts all countries of the world. Therefore, Iraq is seeking to stop the repayment of its debts, especially from the oil in the box Strong relationships with these important institutions. "
     
    He added, "The fund will have a positive role towards Iraq through deferring debts or simplifying procedures, which is possible, but it needs high diplomacy."
    [/size][/size]

    For his part, the official spokesperson for the Governmental Information and Communication Office in the General Secretariat of the Council of Ministers, Ala Jaloub Al-Fahd, stated that “there are calls between the government and the International Monetary Fund to stop completing the debt incurred by Iraq and waiting for the response,” “No time” There are no payment claims. "
     
    Al-Fahd explained to “Al-Sabah” that “the government and every year when it has the inability of the World Bank to lend to it in order to finance the budget, and this year there are a lot of things that will be taken into consideration, as the United States has proposed these It is good, especially since Iraq’s debt to be repaid to the cash fund this year is estimated at more than $ 10 billion. If there is an agreement, this will benefit Iraq with the economic and political situation that Live at this point. "
     
    He noted that "the economy of Iraq is unstable, because it relies on oil by 95 percent and the remaining 5 cannot be collected now, due to the absence of taxes, fees, etc.", noting that "the movement includes not only international cash, but the interruption of the sector It is estimated to be approximately 139 billion dollars.
     
    The International Monetary Fund had expected the Iraqi economy to shrink to a negative rate of 4.7 percent, while the economy of the Middle East and North Africa region would shrink by 3.3 percent this year on the back of anti-Corruption measures, a decrease in performance rates, a decrease in performance rates, . In the World Economic Outlook, the International Monetary Fund said that "the damage will be much greater than the recent financial crisis in the region in 2008-2009, where economic growth in Lebanon, which defaulted on its debt repayment, is expected to shrink by 12 percent, while Iraq is heading, The second largest producer in OPEC, to a negative rate of 4.7 percent.


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