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Although Statistics international interest loan for Iraq .. luxury or hardship
5/28/2016 0:00
[rtl] Abdul Zahra Mohammed Hindawi
resort to borrowing from others is not easy whether it 's at the level of individuals or governments, because many lenders (creditors) are taking advantage of such difficult conditions experienced by the borrower (debtor) to impose conditions may be harsh sometimes not the borrower can fulfill them and thus fall under those conditions, as he did some employers money when granted peasants loans from conditions that waives the farmer for part of their land to the creditor in the event of non - payment on time and certainly the profits (interest rate) imposed by the owner of the money is very high that and because of these conditional loans lost my grandfather and large tracts of land thefamily to move from a small feudal to the farms of others have.
when I talk to these pessimistic language concurrent with the World Bank agree to give Iraq a soft loan to decode the financial its crisis, it is not the meaning of this I am calling to refuse to deal with loans Foreign far Maardt to point out that going to borrow from countries and organizations is not a luxury but is a very urgent need to fill the large deficit in the state budget for this year is also expected to continue its deficit again for years to come in light of the continued decline in oil prices , with the survival of thecontribution of other sectors of the economy without the level of ambition wasaccompanied by a very high spending requirements the government must fulfill them, which sustain the fight against terrorism , which requires a lot of requirements in theforefront of providing life necessities to more than 4 million displaced momentum.
there are the salaries and compensation of state employees who exceed the number (7) million in all their categories .. under these large and serious challenges, does thegovernment stand idly by waiting for the flood , for example?, especially since oil revenues are no longer enough even to meet the employees ' salaries , there are amonthly deficit of perhaps up to two billion dollars between income and spending .. Add to this the benefits owed by government contractors , which reach about 5 billion dollars and dues of farmers for their marketing of their crops in previous years, and the list goes on .
but the problem is that some people did not want to go into the details of these requirements spending Alhailhalta require the search for sources of funding , and this is stipulated in the 2016 budget, Vihdthon for mortgage Iraq 's economy to external will through demand from the World Bank loan of this size .. here , we emphasize that theWorld Bank to Aymanh loans to countries without conditions, as he Aymanhaa of any state unless it has the economic potential to enable the payment later .. but if we reflect on these conditions , we found fairly easy , although the implications may affect some groups Bhzayaha, there is no to Atsahbha process of the mother during and after hold them .. but the most important thing is that the terms of the loan is to be directed towards the protection of the poor and contribute to the stability of the financial sector and curb corruption that has spread almost terrifying in the joints of life.
the loan is part of an economic program adopted by the government for the next three years , during which you get a full loan of 18 billion dollars , involving a group of countries and organizations, and also conditions that Iraq has completed themacroeconomic framework, within a package of agreed reforms in prior periods, andwhat distinguishes the loan that the usefulness too soft (1.05 percent) to escalate until itreaches the (3 percent) in 2020 , as we are when that've come to the events ofharmonization between oil imports and the general requirements of development in thecountry, and the economic non - oil sectors have achieved important steps and thecontribution of a wider support the economy .. before we conclude the talk about theinternational loan - and I'm not the international fans loans no matter how soft - but I say that there are positive results will get Iraq after receiving a loan , which will be distributed over three years , starting from the current year and push the first of $ 5 billion, was the first positive signs began when the Paris Club decided to suspend thepayment of the debt owed interest on Iraq , amounting to about $ 800 million until theend of 2019, there are other positive indicators related to improving the level credit and getting support from the major industrialized countries ... but in the end that the use ofIraq to external borrowing is not a luxury, but rather the result of lack of money and thedoor (to abolish the aversive brother).[/rtl]
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