Abadi adviser reveals World Bank conditions for lending to Iraq

Abadi adviser reveals World Bank conditions for lending to Iraq

Baghdad-Iraq-Presse December -25: Detection Prime Minister for Economic Affairs adviser, on Friday, all the conditions set by the World Bank to lend to Iraq, said the loan conditional on the establishment of the government economic reforms to prove its good intentions, most notably the "imposition of the tariff Alcomerakih, and the electricity tariff" .

He defended Anbuge Abdul Hussain, the Iraqi situation by saying, "The World Bank conditions are not forced to lend, but rather to demonstrate its good intentions and actions carried out by the prior actions from the Iraqi government reform, and on the basis of which encouraged the World Bank to provide loan" as he put it. On

He explained that "Mnpin reforms that encourage the World Bank to give the loan, start investing in the field of gas, and to reduce the differences between the salaries of employees and encourage the private sector and equated with the public sector and especially for dealing with civil and government banks, and transparency for the performance of state-owned enterprises, as well as customs and tariffs The electricity tariff to reduce consumption. "

He said Anbuge, "These things are not binding on the Government, but they say that we have a loan to Iraq, it must undertake reforms in order to demonstrate its good faith and encouragement to give a loan, and that has not done the reforms can not be given the loan."

He said the "loan in which two stages the first in 2016 is supposed to give billion dollars, and the year after which there is also another loan of two billion," noting that the Bank's "willingness to reach five billion dollars with Iraq, provided to prove his bona fides in the field of economic reforms."

It is noteworthy that, the World Bank, announced last Friday, agreed to give Iraq a loan of one billion and 200 million dollars to assist in controlling the financial and improve the energy sector conditions, and to compensate the decline in oil prices and rising security costs, while the Ministry of Finance announced last Saturday, that "Iraq will get the loan amount during the next few days and by the end of this year. "

The House of Representatives approved on 16 of this month, next year's budget in 2016 a total of more than 105 trillion and 890 billion dinars deficit spending accounted for 22.8%.

The total revenue which 81 trillion and 700 billion dinars oil revenues, which accounted for 69 trillion and 773 billion dinars The increase of 85.1% of total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues.

And formed the current expenditure (operational), the salaries and other more than 80 trillion dinars, and increase of 76% of total expenditures 105 trillion dinars, while investment expenditure of more than 25 trillion dinars, and increase of 23.8% .anthy (1)

azareus wrote:Wonder IF those are the tariffs needed for a rate change