11/25/2015 (00:01 pm) -
[ltr]Economic parliamentary: The government plans to issue sovereign bonds worth $ 2 billion first meal [/ltr]
BAGHDAD / Noor Ali - Ibrahim Ibrahim
[ltr]Announced for the economic and investment commission in Parliament, on Tuesday, the determination of the Iraqi government's international bond issue worth $ 2 billion, to bridge the budget deficit, while confirming that Iraq's total debt amounted to $ 56 billion, while economists said, the move will fill a little part of the deficit. The Commission said the economy and investment parliamentary Najiba by Najib in an interview for the "long" that "the government needed money and liquidity to meet the needs of the war against Daash, as well as displaced persons files, so they are determined to issue estimated at two billion dollars, after the international bond was up 7 Billion dollar".
He added that "as a result of the current credit rating and that the consequent increase in the interest rate, has reduced these amounts to up to $ 2 billion, to cover the deficit resulting from the increased expenditures."[/ltr]
[ltr]She stressed Najib "The foreign debt owed by the government amounted to $ 13 billion and 761 million, while international claims which are now under litigation, estimated at $ 41 billion, meaning that the total debt stood at about $ 56 billion, with the exception of interior, foreign loans and debt" .[/ltr]
[ltr]And it showed, that "there are loans estimated at $ 15 billion, including $ 6 billion for the State of Japan, in addition to loans from the International Monetary Fund and the Organization of the World Bank."[/ltr]
[ltr]She noted that "These loans are a negative case, but the government is forced to borrow, even if we were not at war, we of rejectionists against the government directed towards debt, because the state debt burden weigh-ins."[/ltr]
[ltr] In turn, the economic expert on behalf of Jamil Antoine said in an interview for the "long" that "there is a deficit of 23 trillion dinars, and this deficit will be financed from many sides, the inner and outer Kalaguetrad, and can not be covered from a single source." "The $ 2 billion will fill a little part of the accumulated deficit ratio, but provides little on borrowing and debt, but the destitute, but does not have another port for other government." Antoine explained that "in spite of the instructions issued by the Presidency of the Council of Ministers to internal sources of financing, to cover this deficit, but it is Atsd little to limited its potential."[/ltr]
[ltr] He noted that "despite the heavy burden of borrowing, but it is absolutely imperative, and will fill part of the shortage to a certain stage, until the creation of the Iraqi economy, and find other solutions less serious."[/ltr]
[ltr] And pushed the financial crisis, taking place in Iraq months ago, the Iraqi government, and in cooperation with the Central Bank, to issue treasury bonds worth $ 7 billion to pay off part of the debt of foreign oil companies operating in the country. The Ministry of Finance announced on Monday (6/15/2015), the ministerial delegation government negotiates in the Turkish city of Istanbul for the sovereign government bond issuance in the global financial market, as pointed out that the delegation held meetings with international companies to determine Iraq's credit rating in the capital market Global.[/ltr]
[ltr]The ministry said in a statement received (long-Presse) a copy of it, "The Iraqi delegation includes Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul Mahdi and Planning Minister Salman Jumaili and the Governor of the Central Bank on the Keywords and Adviser to the Prime Minister for Economic Affairs appearance of Mohammed Saleh and senior advisers and experts ministries involved and the Central Bank We arrived in Turkey to negotiate a sovereign government bond issuance in the global financial market. "[/ltr]
[ltr]For his part, economist Mohammed Abdul Latif al-Ani, in an interview for the "long", that "the Iraqi government to issue global bonds a good move if it were sold during the short period of time not exceeding three months."[/ltr]
[ltr] "The time factor is considered the most pressure on the government in the face of financial Haunted, in addition to the slump in global markets due to changes in oil prices during the past two years."[/ltr]
[ltr] Ani said that "the 2016 budget will be the harshest This is apparent in accordance with the accumulated deficit, which up to one-third of the amount of the proportion of the budget."[/ltr]
[ltr] He said the "sovereign bonds always issue poses in a period of economic prosperity, to strengthen the financial aspects of the state and strengthening the national currency value abroad, but put forward during the financial crisis is considered the last step because the nations of the world look at Iraq's economy out of weakness, which could lead to a lack of sale bonds according to international regulations sober. "[/ltr]
[ltr]It is said that the budget law for 2015 has authorized the government to issue sovereign government bonds by seven trillion dinars to cover the fiscal deficit in the budget.[/ltr]
[ltr]It is noteworthy that Iraq is facing a deepening financial crisis, as a result of the decline in world oil prices nearly 60 percent compared to last summer, and the repercussions of the war against (Daash).[/ltr]
[You must be registered and logged in to see this link.]
[ltr]Economic parliamentary: The government plans to issue sovereign bonds worth $ 2 billion first meal [/ltr]
BAGHDAD / Noor Ali - Ibrahim Ibrahim
[ltr]Announced for the economic and investment commission in Parliament, on Tuesday, the determination of the Iraqi government's international bond issue worth $ 2 billion, to bridge the budget deficit, while confirming that Iraq's total debt amounted to $ 56 billion, while economists said, the move will fill a little part of the deficit. The Commission said the economy and investment parliamentary Najiba by Najib in an interview for the "long" that "the government needed money and liquidity to meet the needs of the war against Daash, as well as displaced persons files, so they are determined to issue estimated at two billion dollars, after the international bond was up 7 Billion dollar".
He added that "as a result of the current credit rating and that the consequent increase in the interest rate, has reduced these amounts to up to $ 2 billion, to cover the deficit resulting from the increased expenditures."[/ltr]
[ltr]She stressed Najib "The foreign debt owed by the government amounted to $ 13 billion and 761 million, while international claims which are now under litigation, estimated at $ 41 billion, meaning that the total debt stood at about $ 56 billion, with the exception of interior, foreign loans and debt" .[/ltr]
[ltr]And it showed, that "there are loans estimated at $ 15 billion, including $ 6 billion for the State of Japan, in addition to loans from the International Monetary Fund and the Organization of the World Bank."[/ltr]
[ltr]She noted that "These loans are a negative case, but the government is forced to borrow, even if we were not at war, we of rejectionists against the government directed towards debt, because the state debt burden weigh-ins."[/ltr]
[ltr] In turn, the economic expert on behalf of Jamil Antoine said in an interview for the "long" that "there is a deficit of 23 trillion dinars, and this deficit will be financed from many sides, the inner and outer Kalaguetrad, and can not be covered from a single source." "The $ 2 billion will fill a little part of the accumulated deficit ratio, but provides little on borrowing and debt, but the destitute, but does not have another port for other government." Antoine explained that "in spite of the instructions issued by the Presidency of the Council of Ministers to internal sources of financing, to cover this deficit, but it is Atsd little to limited its potential."[/ltr]
[ltr] He noted that "despite the heavy burden of borrowing, but it is absolutely imperative, and will fill part of the shortage to a certain stage, until the creation of the Iraqi economy, and find other solutions less serious."[/ltr]
[ltr] And pushed the financial crisis, taking place in Iraq months ago, the Iraqi government, and in cooperation with the Central Bank, to issue treasury bonds worth $ 7 billion to pay off part of the debt of foreign oil companies operating in the country. The Ministry of Finance announced on Monday (6/15/2015), the ministerial delegation government negotiates in the Turkish city of Istanbul for the sovereign government bond issuance in the global financial market, as pointed out that the delegation held meetings with international companies to determine Iraq's credit rating in the capital market Global.[/ltr]
[ltr]The ministry said in a statement received (long-Presse) a copy of it, "The Iraqi delegation includes Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul Mahdi and Planning Minister Salman Jumaili and the Governor of the Central Bank on the Keywords and Adviser to the Prime Minister for Economic Affairs appearance of Mohammed Saleh and senior advisers and experts ministries involved and the Central Bank We arrived in Turkey to negotiate a sovereign government bond issuance in the global financial market. "[/ltr]
[ltr]For his part, economist Mohammed Abdul Latif al-Ani, in an interview for the "long", that "the Iraqi government to issue global bonds a good move if it were sold during the short period of time not exceeding three months."[/ltr]
[ltr] "The time factor is considered the most pressure on the government in the face of financial Haunted, in addition to the slump in global markets due to changes in oil prices during the past two years."[/ltr]
[ltr] Ani said that "the 2016 budget will be the harshest This is apparent in accordance with the accumulated deficit, which up to one-third of the amount of the proportion of the budget."[/ltr]
[ltr] He said the "sovereign bonds always issue poses in a period of economic prosperity, to strengthen the financial aspects of the state and strengthening the national currency value abroad, but put forward during the financial crisis is considered the last step because the nations of the world look at Iraq's economy out of weakness, which could lead to a lack of sale bonds according to international regulations sober. "[/ltr]
[ltr]It is said that the budget law for 2015 has authorized the government to issue sovereign government bonds by seven trillion dinars to cover the fiscal deficit in the budget.[/ltr]
[ltr]It is noteworthy that Iraq is facing a deepening financial crisis, as a result of the decline in world oil prices nearly 60 percent compared to last summer, and the repercussions of the war against (Daash).[/ltr]
[You must be registered and logged in to see this link.]
» utube 7/25/24 MM&C Iraq Dinar Update - IQD Revaluation-Key Indicators - Deposit Insurance -Arbitra
» utube 7/23/24 MM&C Iraq Dinar-Prime Minister Advisors-Saleh-Al-Nusairi-Facts bringng facts-Reforms
» MMK&C 7/21/24 Government Advisor: Adopting auditing of foreign transfers contributes
» MM&C 7/21/24 Proposed measures to address the rise of the dollar
» Iraq ranks high in income inequality among citizens
» Within months.. Al-Imar: The amount of loans disbursed amounted to about 750 billion dinars
» Parliamentary Integrity confirms the start of opening the files of former officials
» Iraq and the German Development Bank sign an amendment to the loan agreement to finance a number of
» Regional oil...between export ban and smuggling suspicions
» Economist: Faw Port is an important step towards sustainable economic development and a major gatewa
» Parliamentary Investment "Mocks" Solution to Housing Crisis in Complexes: "Joke" and Government Must
» Multi-million dollar agreement to support Iraqi agriculture
» From Chaos to Law.. The Crowd Breathes with the First Reading of “Service and Retirement”
» Oil Minister inaugurates first phase of associated water injection project in Rumaila field
» Water Resources: The reality of desertification in Iraq is better than before
» Disappearance of 50,000 Pakistani tourists in Iraq.. Government position: We will start the investig
» Iraq reveals the value of its agricultural exports: 400 thousand tons in 6 months
» Electricity directs the rapid implementation of the solar power plant project in Khanaqin
» Worth $20 billion.. Iraq is second in trade exchanges with Iran
» (56) megawatt card.. Opening of the gas power plant in Majnoon field
» Parliamentary Committee: Amending this law will address many problems
» Iraq and the German Development Bank (KFW) sign an amendment to the loan agreement to finance a numb
» Finance discusses regulating the work of government banks with international auditing firm Ernst & Y
» The Prime Minister receives the approval of the coalition of companies that won the investment oppor
» US Ambassador: We helped Iraq with $3.6 billion in the displaced file
» In two stages.. The Minister of Oil inaugurates the associated water injection project in the Rumail
» Who manipulated the budget settings? Adding 15 trillion dinars for the benefit of the people or for
» Statement of the Iraqi Communist Workers’ Party on the “Personal Status Law Amendment” Project
» The American arm has become short.. Iraq will eradicate the “SDF” from Syria
» The idea of the “Sunni region” is maturing again.. The insistence of Western politicians collides
» Iraq takes its share of negative development and faces “electronic blackmail”
» Education in Iraq: Between the lack of schools and the delay in providing supplies
» Economist lays out solutions to get rid of the dollar’s dominance: moving towards a currency baske
» The Presidency of the Republic issues a special pardon for a bank manager accused of embezzlement
» The Ministry of Agriculture reveals the volume of its exported products in numbers
» Transport reveals its latest steps towards lifting the European ban on Iraqi Airways
» "Doors are closed" in Parliament.. Will political pressures result in the election of a new presiden
» Prime Minister's Advisor: Kirkuk government formation will be decided within 20 days
» US dollar exchange rate stability in Baghdad
» Reconstruction: New applications for Housing Fund loans will be opened when liquidity is available
» The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to
» First government comment on the leakage of 50 thousand Pakistanis in Iraq
» Parliamentary Integrity Committee announces keeping the session hosting the Minister of Water Resour
» Parliamentarian reveals the reason for the recent talk about the Sunni region
» Secrets of the Coordination Framework meeting with the Sunni forces.. Three proposals to resolve the
» Iraqis' spending on tourism is equivalent to the electricity budget.. What is the number of traveler
» "Two Papers of the Tashah in Parliament"... Warnings against implicating the legislative institution
» Turkish Minister reveals details about the security corridor in Iraq and the development road projec
» Does it stipulate the marriage of minors? What does the paragraph amending the Personal Status Law i
» One of the motives of the "salary scale".. Iraq is ranked 87th globally in "income inequality"
» "Vigilant Guardian"... Harmonious Supervisory Cooperation to Guarantee Citizens' Deposits in Iraqi B
» Saleh: The Central Bank's dollar reserves are solid and the GDP rate is very optimistic
» Economist accuses political parties of controlling the exchange rate on the black market
» Minister calls for establishing centers for Turkish commercial agencies inside Iraq
» 98% increase in foreign remittance sales at the Central Bank of Iraq auction
» Important meeting between Al-Sudani and the "Arabs of Kirkuk" to decide on the formation of the prov
» Housing projects in the Kurdistan Region are expensive internally and suitable externally
» Slight decline in the "green paper" in Baghdad stock exchanges
» OPEC: Iraq, Russia to compensate for surplus oil production
» Economist: The Iraqi banking sector has achieved significant growth
» Does integrity interfere with the work of institutions when they conduct investigations into suspici
» Parliamentary Finance: The Central Bank agrees to increase the capital of the Real Estate Bank to ex
» The region lags behind "electronic systems".. Transactions are still paper-based and the authenticit
» Media Authority: We are working on strategic agreements with global companies to bridge cybersecurit
» Al-Sudani stresses the importance of completing the formation of the Kirkuk government and reaching
» The region lags behind "electronic systems".. Transactions are still paper-based and the authenticit
» Iraq prepares to sign strategic agreements with global companies to bridge the digital divide in the
» Exporting (10) million liters of black oil daily.. Oil: Karbala has become an oil port that supplies
» Used as a gift and used for fraud.. The Central Bank warns against the circulation of commemorative
» Judge Faeq Zidane: International cooperation is important in the field of combating terrorism
» Al-Abbasi: Framing the relationship with Washington according to the Iraqi constitution
» Within 6 months.. The European ban on the green bird will be resolved
» Thwarting the smuggling of 21 million liters of petroleum derivatives
» Record
» Production of 24 thousand electric cars annually
» The second phase of the campaign (restricting weapons to the state) begins
» Inclusion of social protection beneficiaries in internal contracts
» The Prime Minister directs the rapid completion of Baghdad entrance projects
» Minister of Labor announces launch of health insurance service for social protection beneficiaries
» Via "Baghdad Today" .. Oil Minister announces increasing social benefits to 10 million dollars
» Joint Statement by the Iraqi and US Ministries of Defense
» Al-Sudani meets with a delegation from the American engineering consulting company KBR
» Kurdistan procrastinates to obtain the "lion's share".. Discontent over the delay in localizing empl
» Withdrawal is "Out of Reach"... Analysis of the Joint Iraqi-American Statement
» Al-Sudani stresses the importance of completing the formation of the Kirkuk government and reaching
» "Black Money" Fuels Investment Stock Exchange.. Countries That Prospered with Looted Iraqi Money
» Central Bank warns against circulation of $1 million commemorative notes
» Planning for “Al-Zawraa”: The five-year plan targets different sectors and does not include traditio
» “Unfair and deepens sectarianism”.. Why did the amendment to the Personal Status Law spark anger in
» Launching an electronic application for Iraqi retirees
» The crowd responds to Halbousi: A person convicted of forgery is not qualified to appoint himself as
» Al-Fayadh: We appreciate the Iraqi Parliament’s progress with the first reading of the service and r
» Nassif: The political process needs Al-Sadr and Al-Maliki to “rule” it
» Al-Mandlawi winks at Al-Halbousi: We reject insulting those who presented thousands of martyrs
» adhere to the rules of the Islamic religion and needs to be reformulated (tweet)
» Sarwa Abdul Wahid: The rivalry between Baghdad and Erbil is just "clacks"
» Parliamentary Finance: The Central Bank of Iraq’s measures to change the exchange rate did not achie
» Al-Sudani meets with Kirkuk Arabs to decide on the provincial government