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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-Kazemi’s advisor identifies Iraq’s debts to the International Monetary Fund and the mechanism for

    Rocky
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    Al-Kazemi’s advisor identifies Iraq’s debts to the International Monetary Fund and the mechanism for Empty Al-Kazemi’s advisor identifies Iraq’s debts to the International Monetary Fund and the mechanism for

    Post by Rocky Fri 29 Apr 2022, 6:21 am

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    Baghdad - INA - Nassar Al-Hajj
    , the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, set today, Friday, the date for the expiration of Iraq's debt payment.
    Saleh told the Iraqi News Agency (INA): "There are debts owed by Iraq for the benefit of the International Monetary Fund, and they are loans that were provided after the year 2015 during the financial and security crises against ISIS terrorism at that time, and about that may exceed four billion dollars and according to two successive programs and two tranches: the first It was called (accelerated financing method) and amounted to more than one billion dollars to support the budget for the year 2015,” noting that “the other loan between 2016 and 2017 amounted to nearly three billion dollars within the scope of a program called (credit preparedness arrangements).”
    He explained that "these amounts are currently paid in installments with simple interest periodically and regularly, and they are part of the remnants of Iraq's remaining external debt that is really payable, which amounts to about 20 billion dollars, paid in installments until the year 2028 mostly."
    The Prime Minister’s advisor had confirmed earlier that “the loans of the World Bank in particular are long-term and have grace periods of about 6 years, which often extend to about 14 years, and the interests on them are moderate, as they are similar to the interest of the London markets on dollar lending transactions (Liber) plus a percentage of A small additional represents the bank commission.

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