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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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    IMF economic growth is expected to rise in Iraq, to ​​2.9% for 2016

    Rocky
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    IMF economic growth is expected to rise in Iraq, to ​​2.9% for 2016 Empty IMF economic growth is expected to rise in Iraq, to ​​2.9% for 2016

    Post by Rocky Thu 28 Apr 2016, 4:25 am

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    IMF economic growth is expected to rise in Iraq, to ​​2.9% for 2016


     Baghdad / Ibrahim Ibrahim 

    International Monetary Fund forecast, on Wednesday, the economic growth surge in Iraq to 2.9% during the current year 2016, noting that the costs of the war led to high inflation and deteriorating financial centers, while economists have questioned the reports of international organizations because they do not match the economic reality of the country.
    The IMF Mission for Iraq confirmed on Tuesday (April 5 216), on a disparity of Iraqi oil exports estimated quantities in the past 2015 budget, with realized actually it, stating that it "will not affect" in Iraq for theupcoming international finance long been committed to the agreed program and mechanisms to monitor. theIMF said in a report seen by the "long" it, that " the expected rise in the overall rate of growth in oil -exporting countries in the region to 2.9% in 2016 and this increases to up to 3.1% in 2017 compared to 1.9% in year the past as a result of the economic activity is oil in Iraq, Iran , Yemen and Libya. " the report continued , " despite the growth, Iraq will increase the deficit has as a result of a lack of oil revenues that will reduce the government 's ability to spend , "noting that" the deficit will reach to about 4.75% and will reach 7.75% with the end of the year. " the report added that" the costs of the war in Iraq, Libya, Syria and Yemen are still high and caused violence in the scarcity of food and other necessities and caused damage toinfrastructure and institutions and increased inflation and weakened the savings and deteriorated financial centers of these countries. " the decline in prices oil to low levels, which amounted to less than $ 40 significantly affected the general budget that Iraq because Iraq 's adoption of 95% in revenue on the export of crude oil. for his part, economist said Abbas Ibrahim al - Bahadli, in an interview for the "long", that " theinternational Monetary Fund aid to many countries, including Iraq is free, due to the organization 's policy that depends on the payment of money by way of loans to impose conditions on the local Alaguetad. " He added that the " wrong economic policies of previous governments pushed the global financial institutions to offer economic assistance and for amounts not represent only 1% of the federal budget that Avrgha thieves and Mokhtlsa influential parties deficit. " He said Bahadli" The international Monetary Fund predicted theOrganization of growing up during the current year, is an opinion that does not match with the reality of theeconomic and financial deterioration of the country's ongoing for nearly two years. " among " the government is unable to far from the application of its plans austerity as a result of a lack of financial liquidity, so we understand that the amount of foreign loans will go for the salaries of the armies of staff and to sustain some of the daily economic activities." He Bahadli said " the failure of the administration in most government institutions has led to wasting nearly 800 billion dollars in just ten years. " he added that" lending conditions set by the IMF toward Iraq are considered non - binding, and considered public tips to improve wealth management and its focus in several productive sectors may have to create multiple and far from the oil financial resources. " the head of the Fund for Mission international Monetary Christian nut, said in response to a question (range Press), about the disparity in the amount of Iraqi oil exports between the estimated them in the federal budget and achieved already, " the Fund noted that gave advice to the Iraqi government about it has taken him." coconut and added that " Iraqi budget for the year past 2015, the estimated oil exports three million and 300 thousand barrels per day, the export price of $ 56 a barrel, while realized in that year was three million barrels per day at an average of $ 48 a barrel , "noting that" the fund advised Iraqi authorities to reduce expenditures in light of the decline in imports compared to what is estimated in thebudget , where the latter committed to this. " and on the extent of the effect on the prospective of the Fund for Iraq funding, the chief of the IMF mission to Iraq, that" affect the funding. " nut and stressed that" theFund agreed with the Iraqi authorities on financing the program and mechanisms of control in November 2015 the past, to help deal with the drop in oil prices, "returned to" the successful implementation of the program paves the way for the possibility of Iraq get the funding it needs. " the appearance of Mohammed Saleh, economic Adviser to the Prime Minister Haider al - Abadi, said in ( the first of this April 2016), the seriousness of the international community to help Iraq and enable it to meet the "financial distress" current, while the international Monetary Fund plans to secure " a global financial umbrella" for Iraq through its lending nearly 16 billion dollars, count that supports the "authentication" of Baghdad and a guarantee for the international financial community awarded more concessional aid loans. the international Monetary Fund (IMF the international Monetary Fund), guessed at, ( the thirtieth of March 2016), the possibility of approval to lend toIraq $ 15 billion over three years, through next June, while between that will provide five billion of them to believe the rest of other financial institutions and donors, he stressed that Iraq will receive five billion during the current 2016, and the rest at the end of the agreement period. the Minister of Finance Hoshyar Zebari, predicted in a March 30 , 2016, to receive Iraq financial aid from donors of financial organizations and six billion and $ 400 million in the current 2016. the appearance of Mohammed Saleh, said in an interview to the(long - Presse), in the (26th January 2016 ), that Iraq has agreed with the international Monetary Fund for long - term soft loans for the implementation of development projects, noting that the fund is among other conditions, the government expenses, and adjusted some of the procedures relating to economic policies. "
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