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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, commenting on the agreement with the International Monetary Fund and agree to conditions

    Rocky
    Rocky
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    Iraq, commenting on the agreement with the International Monetary Fund and agree to conditions Empty Iraq, commenting on the agreement with the International Monetary Fund and agree to conditions

    Post by Rocky Mon 13 Jun 2016, 6:44 am

    Iraq, commenting on the agreement with the International Monetary Fund and agree to conditions

    Monday 13-06-2016 | 2:05:34





    Twilight News / senior government official said that Iraq agreed to request the International Monetary Fund to provide loans that will help the country to overcome the crisis in liquidity resulting from the drop in oil revenue measures.
    He said the appearance in favor of Iraqi Prime Minister Haider al-Abadi adviser fiscal policies that the agreement, which was reached in May / May between Iraq and the International Monetary Fund is going according to planned.
    He added that among the measures that have been approved the payment of all arrears owed to foreign oil companies operating in Iraq by the end of the year.
    Saleh did not disclose the total amount owed by the country to those companies.
    Iraq and its budget request to support from the international community after the collapse of oil prices over the past two years.
    And caused the sharp decline in oil revenues in the high budget deficit and delayed payments to foreign oil companies.
    The IMF agreed in May / May to give Iraq a loan of $ 5.4 billion over three years. But granting that Iraq unconditionally implemented measures to cut spending and increase non-oil revenue and paying for oil companies billions of dollars in loan arrears.
    Saleh said in an interview that the Iraqi government had agreed to procedures during a meeting held last week and informed the International Monetary Fund to do so.
    He added that Baghdad expects that the Fund's Board Approves the end of June or early July to give him the first batch of the loan, which amounts to about $ 600 million.
    Saleh said that the required economic reforms of his country include the tax increase in electricity charges and improve banking supervision level to fight corruption and money laundering. He added that these reforms also require adjusting the work in state-owned companies and a review of civil servants' salaries bloated accounts to eliminate the phenomenon of granting the salaries of those who do not come to perform their work.
    The sharp drop in world oil prices since 2014 at a time when Iraq needs more resources to fight al hardline Islamic state that controlled large areas of the country in the north and west and caused the displacement of about four million people.
    Saleh said that the recent increase in oil prices to below $ 50 a barrel, up from a level of at least thirty dollars earlier in the year will not delay the implementation of reforms.
    The Finance Minister Hoshyar Zebari, said that the agreement with the IMF will open the door for international aid to Iraq worth up to $ 18 billion over three years.
    Zebari said at the time that the World Bank and the Group of Seven major industrialized nations among donors as well as the International Monetary Fund.
    Zebari said that Iraq expects to sell international bonds worth two billion dollars in the last quarter of this year, when the international aid begins to flow so as to help reduce the cost of borrowing.
    The last time he sold the Iraq international debt instruments in 2006 when he issued bonds valued at about $ 2.7 billion for it until 2028 a yield of 5.8 percent.
    Reuters
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    Iraq, commenting on the agreement with the International Monetary Fund and agree to conditions Empty Abadi adviser confirming Iraq's agreement to IMF measures

    Post by Rocky Mon 13 Jun 2016, 6:59 am

    Abadi adviser confirming Iraq's agreement to IMF measures
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    12:00 
    13/06/2016
    Deputy Prime Minister, "the appearance of Mohammed Saleh," Monday, the Iraqi government agreed to request the IMF to lend her actions, adding that among the measures pay off all the arrears owed to foreign oil companies.
    Reuters reported Saleh as saying that "Iraq agreed to request the International Monetary Fund to provide loans that will help the country to overcome the crisis in liquidity resulting from the drop in oil revenue measures."
    Saleh added that "the agreement reached last month between Iraq and the International Monetary Fund is going according to planned," noting that "among the measures that have been approved the payment of all arrears owed to foreign oil companies operating in Iraq by the end of year, according to an agreed mechanism."
    He agreed IMF and the World Bank and international partners fund, in the May 19, 2016 to give Iraq a loan of $ 15 billion and conditions, including a commitment to it, is to reduce expenses 13 trillion dinars and payments to the oil companies.


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