Following consultations between Iraqi experts and the World Bank. Stressful three reasons behind th

by lonelyintexas Thu 05 Nov 2015, 4:08 pm

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Following consultations between Iraqi experts and the World Bank. Stressful three reasons behind th

by lonelyintexas Thu 05 Nov 2015, 4:08 pm

Following consultations between Iraqi experts and the World Bank. Stressful three reasons behind the adoption of the salary scale

04/11/2015 06:21 PM

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BAGHDAD - Orient
reveal financial source of bright, that the three reasons behind the adoption of the salary scale controversial, including the pressure of the World Bank which stipulated that a clear reduction of government spending as well as the government seeks to avoid the removal of subsidies for fuel and lunch! The source says, that this peace is among the deep financial reforms, which will be approved in the coming days, in a series of austerity measures pursued by the government of al-Abadi, the impact of lower oil prices and access to unprecedented levels in a decade package. Explains the source, that the Iraqi government had made earlier at the request of the World Bank for a soft loan, to overcome the financial crisis faced by the country, and actually sent the bank advisers to the State Audit, and evaluation of the financial situation, the Panel recommended that the Iraqi government make clear reforms on salaries that exceed 70% of the country's total revenue, and drain all the capabilities of the Malian government, as well as a forced exchange of personnel loss-making state-owned companies, a 72 belonging to the Ministry of Industry and Minerals said the company, as well as the lifting of government subsidies for food in the ration card items, and also the removal of subsidies on fuel prices and oil derivatives. Shows the source, the government tried to avoid Abadi these steps initially, but the deterioration of the financial situation, and lower revenues paid recently to accept making the repairs, and so began the first procedure, a so-called new salary ladder. He points out that the World Bank responded after the announcement of the move and announced his intention to double the amount of the loan early 2016, Abadi if the government continued to make financial reforms. The Iraqi Ministry of Finance announced on the first of July, that Iraq Siqtrd $ 2.3 billion from the World Bank in an effort to bridge the country's budget deficit and the expenses of the war against Daash. The Finance Ministry said in a statement seen by (Orient), is due to the World Bank of Iraq provides a loan of $ 1.7 billion, of which US $ billion as financing development policy loan (DPL), and added that the World Bank will lend Iraq $ 350 million for restoration reconstruction and stability to the liberated areas of «Daash» and $ 350 million for the project through Umm Qasr - Basra south of the country.For his part, he called the Integrity Commission, the parliamentary member Haidar Alfoada, the Iraqi government to reverse the decision handed new salary, which sparked controversy and objections very popular.Alfoada said in a statement, said that «the new salary ladder is invalid and does not meet the aspirations of the Iraqi people», calling on the government to «reverse the decision of the new salary ladder». Alfoada stressed that «the Presidency of the Council of Representatives and the members of the Council before the real test of being the voice of the citizen, either to withdraw authorization from the government or go to the Federal Court to overturn a decision» proposal to reduce salaries in the new peace.

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Sounds like the IMF and WB are telling them to get within international standards for salaries. That's a good thing.
Thanks
LIT