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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq will receive a "financial umbrella" estimated at $ 20 billion

    Rocky
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    Iraq will receive a "financial umbrella" estimated at $ 20 billion Empty Iraq will receive a "financial umbrella" estimated at $ 20 billion

    Post by Rocky Sat 28 May 2016, 3:41 am

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    Iraq will receive a "financial umbrella" estimated at $ 20 billion


     BAGHDAD / long-Presse 

    Financial advisor to the Prime Minister revealed the appearance of Mohammed Saleh, on Friday, that the amount of "international financial umbrella" will get Iraq estimated atapproximately 20 billion dollars, and in the economic and investment commission in the House of Representatives called for a focus on the extent of the actual need of loans and how its spending to boost the economy national, economic expert called for a statement on the difference between Karza Monetary Fund and the World Bank for international public opinion. Saleh said in an interview with the (long - Presse), said that "what has been with the international Monetary Fund called the Convention on the Stand -by arrangements, and will begin working out at the first of next July," He pointed out that "Iraq Siqtrd under five billion and $ 400 million duration allow pay - standing three years." Saleh added, " The World Bank will give Iraq a loan of three billion dollars on favorable terms and for a long time to pay , " noting that "both the World Bank and the IMF international different mechanisms for lending. " he explained the financial advisor to Ebadi," The total amount of borrowing from the international Monetary Fund and the World Bank is eight billion and $ 400 million , "stressing that" the postponement of payments to the Iraqi debt by the Paris Club countries and compensation for the Kuwait war, would bring to Iraq leeway to cope current financial pressure. " Saleh continued, that" Iraq Siqtrd nearly five billion dollars, an additional seven industrialized nations (Paris Club), such as Italy, Germany and JICA Japan international cooperation , "pointing out that" thetotal loans , both from the international Monetary Fund or the World Bank Um major industrial nations, with the postponement of payment of dues of Kuwait and those of the Paris Club, ranging from 19 to 20 billion dollars . "and the benefit of that" financial parachute total borrowing will be between 19 to 20 billion dollars, and in the shade will be the international Monetary Fund and the World Bank loan as well as receivables that were postponed or will postpone constitute funding Like borrowing. " for his part , chairman of the Committee on economy and investment parliamentary Jawad al - Bolani said in an interview to the (long - Presse), said that" it is important on the subject of the loans is the extent of the actual need for them and how theirspending in the areas of service of the development paths and enhance the national economy, not thedifference between those who Stkarzha, "returned that" the partnership between Iraq and the international financial institutions and useful, to be able to keep up with the strategies of the world economy. " He Bolani, that" the total Siqtrdah Iraq $ 20 billion over the next five years , "noting " the amount will be in batches."economic: it must be shared with the government and the public on the difference between Karza Monetary Fund and the World Bank in return said economist Ahmed Rehn, said in an interview to the (long - Presse), said that "it is necessary to prepare a clear and concise report that shows the difference between Karza theinternational Monetary Fund and World Bank, for presentation to the Council of Ministers and published public opinion , "noting that" the international Monetary Fund loan differs from the counterpart of the World Bank, where each has its specificity and orientations and way of dealing with the lending. " He added Rehn, that" the Fund IMF lends to governments to repay the deficit in the balance of payments under certain conditions, while be World Bank loans developmental tasks or for the development of specific sectors , "adding that" theWorld Bank does not lend large sums of money, so it should pay attention to that, because members of thegovernment do not know it unlike specialists in the Ministry of Finance and the Central Bank. " known as theinternational Monetary Fund on it, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945 to work on enhancing the safety of the global economy, and is based in Washington DC, and managed by its members who include all countries of the world about their number of 188 countries. the financial advisor to the prime minister, said in (24 of May 2016), that thepriority regardless IMF loan will cover the deficit assignments displaced people and social welfare and theration card, and set up projects limit unemployment, denying about , boycotted any intention to cut marital allocations while the parliamentary finance committee promised that the loan is " a good step" to help Iraq out of the financial crisis and the rationalization of expenditures, calling on the government to bring the budget year next 2017 according Fund standards. the Finance Minister Hoshyar Zebari announced, in ( the 19th of May this too), to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, while the loan will allow the securing of additional financial aid amounting to about $ 15 billion over the next three years, confirmed the Governor of the Central Bank Iraq, on the Keywords that the annual interest rate of the loan isup to 1.5 percent. Iraq had announced (January 13, 2016), for the approval of the international Monetary Fund to finance the budget deficit through clouds of hard currency reserves, indicating that this means reducing those reserves from $ 59 billion the end of October 2015 the past, to 43 billion during the current year.
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