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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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    Economists: the government did not take advantage of falling oil prices enabled reforms that are con

    Rocky
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    Economists: the government did not take advantage of falling oil prices enabled reforms that are con Empty Economists: the government did not take advantage of falling oil prices enabled reforms that are con

    Post by Rocky Sun 20 Mar 2016, 4:03 am

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    Economists: the government did not take advantage of falling oil prices enabled reforms that are consistent with the visions of international institutions


     Baghdad / Ibrahim Ibrahim 

    Confirmed the economy experts, on Saturday, that the government did not do the reforms that are consistent with the visions of international institutions such as reducing some forms of financial support and stop hiring policies and spending uncontrolled, while pointed to confusion obviously in theeconomic policies that produced the crises successive. 
    The international institution credit rating, announced adjusted classification of the Iraqi economy from "stable to negative", while attributed to the decline in oil prices and poor political and security situation and tensions "ethnic and sectarian," predicted improvement in the situation in Iraq during 2017. 
    the economist said Maytham defect in an interview for the "long", "Iraq and years ago was unable to provide a model for the economy disciplined in recent years, both with rising oil prices above or in the years ofdeclining prices." 
    He added that "for a financial breakdown of an unprecedented jumped negative economic indicators to levels that are no longer acceptable never before international institutions , where the budget deficit - to - GDP ratios have increased dangerously and surpassed international rates acceptable. " 
    He explained defect that" economic reform efforts have not succeeded in recent years , which is supposed which exploits the decline in oil prices in order to activate the reforms that are consistent with the visions ofinternational institutions as a reduction forms of support and to stop hiring and spending policies disorderly. " 
    He said the " ruling elites is aware of the importance of reform and necessity, as well as political and security conditions and the lack of seriousness in accomplishing the reforms have led to the deterioration of all economic indicators in various industrial and agricultural sectors. " 
    Fitch said the international Foundation for credit rating in its report , which announced on Thursday (March 3216), and I followed (range Press), " the classification of the Iraqi economy rate was amended from stable to negative, to one degree (B-) of the deterioration of oil prices, increasing the deficit in the gross domestic product GDP from 8.2 percent in 2015 the past, to 15 percent during the year the current 2016, in line with expectations, "likely the possibility of improving the Iraqi economy more during the next year 2017 deficit to fall to 7.6 percent of the total gross domestic product." the 
    foundation says, that " the rating was based on key indicators such as low prices oil , which led to thedeterioration of the financial situation of Iraq, which relies more than 90 percent of its economy on oil imports, which constitutes 50 percent of GDP , "indicating that" the inability of the Iraqi economy hasincreased as a result to 8.2 percent during the year 2016 ". 
    She explained Fitch , that " the expected survival of the price of crude rates of Brent during the current 2016, at $ 35 a barrel, would increase the deficit growth of the Iraqi economy rate, to 15 percent during the current year compared to the past in 2015 , " pointing out that "other indicators that were adopted in classification, related to bad political and security situation. " 
    According to the institution, that" Iraq has made ​​some progress against Daash, but the threat of regulation isexpected to continue during the current 2016 at least, "he continued that" ethnic and sectarian tensions are also led to political instability in Iraq ". Predicted Fitch, too "weak growth of investment in Iraq during thecurrent 2016 because of lower oil prices , with the government 's inability to repay the amounts spent byinternational companies in their projects within the country," the follow - up to the "indicators that areexpected to lead to improved economic situation more during the next year in 2017, is the possibility of thehigh price of crude Brent from $ 35 a barrel during the current 2016, to $ 45, predicted the survival of export rates at three million and 300 thousand barrels per day, for the years 2016-2017, as well as the recovery ofnon - oil sectors , which will coincide with improvement expected the security situation. " in 
    turn , economist Mustafa Mohamed Habib said in an interview for the " long ", that" the inability of thegovernment to adopt a clear and explicit understanding of the country 's economy over the past years led to mislead foreign public opinion of advisory and research institutions that assess countries ' economies annually. " 
    "the decline in assessing the Iraqi economy from stable to negative the result is clear the confusion experienced by previous governments in the management of the economic file and the control of corrupt officials on the overall financial institutions of the state." 
    He said the beloved " the worsening of the financial crisis almost two years without setting realistic solutions by the government led to the local decline in market movement is cause for concern , with increasing opportunities to enter Iraq in the political and economic new crises. " 
    He said the " non - state institutions in response to the instructions and tips global financial institutions need to reduce government support for some of the non - productive sectors , in addition to legalize non - essential expenditures prevented the improvement in the financial situation of the country. " 
    He stressed that the beloved" recycling money and help the private sector in addition to developing plans based on realistic figures and without waste of oil money, possible to restore the Iraqi economy to the gradual recovery factors. " The Fitch international institution credit rating, Fitch Ratings, is a wholly owned subsidiary of Hearst Corporation, one of the three rating majors along with Standard & Poor 's and Moody 's , the company was founded by John Knowles Fitch, in (24 December 1913), in New York city on behalf of Fitch Inc., merged with IBCA Limited, based in London in December 1997. 
    the credit rating agencies are independent private companies, evaluates the creditworthiness of bond issuers from countries or companies, that is the extent of the company 's ability or the state to repay debt or theability to invest in, and reflected the classification issued by positively or negatively, on investors ' confidence in the state or the company involved. 
    dependent credit rating institutions on several criteria based on the economy, legislation and impacts ofgeopolitical and corporate governance, corporate governance and competitiveness in its credit rating institutions / countries, Kalrlakeh, asset flows financial showing in the end the current financial situation resulting in the expected outlook for the institution or the state. 
    the back control of those three companies, the decision by the US Securities Commission in 1975 as accredited by them companies, as many of the financial institutions and insurance companies do not invest However , in the high - rating bonds, the easiest way by exporters bonds to prove their creditworthiness is receive credit from a company or two of these three companies classified into these three companies is like institutions monopolized credit rating around the world. 
    the use of rating agencies symbols to describe the creditworthiness starting from AAA as the highest credit rating (mean safer), down at least to the rankings merit through the letters AA, A and BBB , and so on , right down to D (mean stuttering), while the mean rating (B-) , which gave Iraq (risk).
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