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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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    Zebari begin dialogues to borrow from the International Monetary Fund

    dizzydee
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    • Post n°1

    Zebari begin dialogues to borrow from the International Monetary Fund Empty Zebari begin dialogues to borrow from the International Monetary Fund

    Post by dizzydee Mon 20 Apr 2015, 8:27 pm

    April 20, 2015

    Zebari begin dialogues to borrow from the International Monetary Fund

    [You must be registered and logged in to see this link.]With the start of talks with international officials in the United States to support the economy 

    BAGHDAD - Baghdad started the first external borrowing steps, in talks conducted by Foreign Minister Hoshyar Zebari, with representatives from the International Monetary Fund, as a parliamentary committee specialized confirmed that such borrowing must be 5 not exceed billion dollars under the federal budget for the year 2015, a government spokesman said that the ongoing meetings with international officials now focus on how to get out of financial distress and restructuring of the national economy by involving the private sector and to support investment. 


    And influenced by Iraq and the global crisis that resulted from the decline in oil prices since the end of last year, called on the government to implement a plan of financial austerity in all state departments.

    He says the official spokesman for the government Saad Sabri said in an interview with "New Morning", "The meetings Iraqi officials and representatives of the Bank and the Fund International Monetary continuously in order to promote the economic and financial reality.

    Sabri said that "talk focused on the last stage on how Iraq overcome the financial distress experienced by affected by the global by circumstances." 

    increased government spokesman: "As you are talking about the support of the Iraqi economy by re-reformed and restructured Again, "Msttrda" be the involvement of the private sector and rely on investment.

    newborn and added that "international officials are committed to supporting Iraq by non-complex mechanisms? It is hoped that give positive results as soon as possible.

    For his part, member of the Finance Committee in the House of Representatives Masood Haider said in a statement to the "New Morning", "The Finance Minister, Hoshyar Zebari, going to meetings, accompanied by government advisers with the International Monetary Fund in the United States.".

    He Massoud, Kurdish lawmaker that "Baghdad has already started phase of international borrowing, and this is the first step has been followed by subsequent steps of other international institutions." 

    As pointed out that "the budget required to be borrowing from the International Monetary Fund up to $ 5 billion," explained "You can resort to international and domestic other institutions and rates set by the legislature in advance."

    He stressed Haider "the need to spend amounts of borrowing at the ministerial program that has already been voted by the House of Representatives, while giving confidence to the Government of Haider al-Abadi last year." 

    In a related development, said member The other Committee Haider Mutlaq to "New Morning" that "the economic situation is still in control it, and that economic conditions have not attained the stage of the need to borrow." 

    He added Mutlaq, MP for the coalition of state law that "the government's measures regarding borrowing, come precautions to face any emergency exposed until the end of this year.

    He noted member of the Finance Committee that "the current oil exports, which exceeded 3 million barrels per day, and prices are high than it was the beginning of the year, will contribute to bridge the estimated budget deficit of 25 trillion dinars." 

    Referred to the House of Representatives, voted in (January 29, 2015), the draft federal budget for the current year worth in excess of Al119 trillion dinars, with the price of a barrel of oil to $ 56.

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