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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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Prime Minister adviser IMF loans will go to development projects

rocky
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Prime Minister adviser IMF loans will go to development projects Empty Prime Minister adviser IMF loans will go to development projects

Post by rocky Wed Jan 27, 2016 8:49 am

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Economy News / Baghdad ..
 
Economic Adviser Dr disinfectant Mohammed Saleh stressed that Iraq agreement with the International Monetary Fund offers the possibility of obtaining long-term soft loans for the implementation of development projects, noting that the fund is among other conditions, Mserfat government, and amended some of the measures on economic policies, while counting expert economic that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.
 
He continued Dr. appearance of Mohammed Saleh, an economic advisor to the prime minister, in a press statement, said that "Iraq consults constantly with the International Monetary Fund to get a crane to support the financial sustainability through soft loans," he returned that "the agreement itself is useful because it is an umbrella for Iraq and give a signal to the community the international financial order to lend Iraq. "
Saleh added that "the cost of those loans is low and few benefits by about a year, and paid for a long time," noting that "Iraq has an agreement with the International Monetary Fund, spends his monitor the economic policy of the country."
He guessed adviser Abadi, the possibility of "turning the agreement with the Fund to a larger level, allows Iraq to obtain soft loans from the International Monetary Fund and the World Bank," stressing that the "loans if they were going to go for development projects, particularly energy and industries important to the lives of the Iraqi people."
He said Saleh, that "under the International Monetary Fund, among other conditions, Mserfat government amended some of the procedures relating to economic policy," adding that "the government restricted their expenses mainly as a result of the crisis in the now."
 
By Akharoarb Dr. Ahmed Rehn, the belief, that "the government will seek to borrow from international institutions and others to shore," stressing that "more importantly, how much will enter Iraq from the size of those loans during the current 2016, because their own procedures usually to be long, but not conducive to take over a small percentage of them. "
Iraq had announced in (the 13th of January the current 2016), for the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves, noting that it means reducing those reserves from $ 59 billion the end of October 2015 the past, to 43 billion during the current year.
The Finance Minister, Hoshyar Zebari, revealed in (the 25th of November 2015 the past), for borrowing Iraq billion and $ 200 million from the International Monetary Fund, stressing that the Fund "has no" conditions in this regard.
The House of Representatives, approved by majority, in (the 16th of December 2015 the past), draft financial budget law for the current 2016 value in excess of 105 trillion dinars, and the deficit of more than 24 trillion dinars, is expected to be increased as a result of the continued decline in global oil prices.


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