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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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    Government statement regarding external borrowing: By this percentage, public debt has decreased

    Rocky
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    Government statement regarding external borrowing: By this percentage, public debt has decreased Empty Government statement regarding external borrowing: By this percentage, public debt has decreased

    Post by Rocky Tue 09 Apr 2024, 4:30 am

    [size=35][size=35]Government statement regarding external borrowing: By this percentage, public debt has decreased[/size]
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    Economy

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    2024-04-08 | 14:33
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    On Monday, the Iraqi government issued a statement regarding external borrowing, while confirming a decrease in external public debt by 50%.


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    Government spokesman Bassem Al-Awadi said in the statement, “As an emphasis from the government on transparency in economic work, and informing public opinion and national and international media about Iraqi economic performance, and in light of the [url=https://www.alsumaria.tv/entity/2523160858/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1/ar/]Council of Ministers[/url]’ approval of the recommendations of the Diwani Order Committee 23942, related to regulating external borrowing and debt structuring.” The Iraqi Foreign Ministry, the government took a series of executive measures.


     
    According to Al-Awadi, the government adopted “a package of financial decisions that resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion in late 2022, to $15.976 billion in 2023, reaching approximately $8.9 billion in the current year.” ".
     
    He pointed out that "these financial steps, (which included stopping a number of borrowing operations due to their delay and lack of productivity, organizing and managing debts and auditing them, and restructuring some debts and directing them to create strategic projects), aim to prevent the Iraqi economy from mortgaging obligations that may affect, in the future, the political decision." Or in the path of national development,” adding, “It coincides with an urban renaissance and infrastructure reconstruction, which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities.”

    Al-Awadi pointed out that “the government organized the process of financing cooperation with the international community in specific contexts, including direct productive borrowing, providing sovereign guarantees to ensure the production of projects undertaken by the private sector for the benefit of the government, and sovereign guarantees provided by the government for the benefit of institutions that finance the Iraqi private sector importing production lines from In order to build factories inside Iraq.

     
    He considered that "these steps pave the way for our country's further integration into the international economic cycle, and for the government to adopt the principle of productive borrowing only, which effectively leads to an increase in the domestic product, and the financing of national service and productive projects with economic returns, in a way that ensures their completion and is not delayed." He continued

    . Al-Awadi said in the statement, “With these firm steps, the government renews its determination to continue making a qualitative shift in the Iraqi economy, in parallel with tangible development in the services, infrastructure, and social care sectors, which are all the pillars required to meet the aspirations of our people around the world.”[You must be registered and logged in to see this link.]“Implementing the government program with its priorities and objectives.”

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