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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    Baghdad awaiting received $ 18 billion in international loans in 3 years

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281112
    Join date : 2012-12-21
    • Post n°1

    Baghdad awaiting received $ 18 billion in international loans in 3 years Empty Baghdad awaiting received $ 18 billion in international loans in 3 years

    Post by Rocky Wed 15 Jun 2016, 3:41 am

    [You must be registered and logged in to see this image.]
    Baghdad awaiting received $ 18 billion in international loans in 3 years


     Translation: Abdul Khaliq Ali 

    Iraq agreed to the procedures and reforms required by the International Monetary Fund in order to open loans , which must help him to overcome the liquidity crisis that resulted from the collapse of oil prices. 
    He said the appearance in favor of the prime minister for fiscal policy advisor, told Reuters that the agreement reached between Iraq and the International Monetary Fund , is on the right road. 
    he added that among the measures that have been approved settle all outstanding dues in favor of theforeign oil companies operating in Iraq by the end of this year, but he did not mention the size of those receivables. 
    the Iraq seeks to budget support by the international community after the collapse of the prices oil during thepast two years , which caused the decline in revenue has led to public deficits and delayed payments toforeign oil producing companies. 
    in May and the IMF agreed to provide a loan of $ 5.4 billion over three years, but this loan is conditional onIraq 's implementation of the measures to reduce spending and increase non - oil revenues and settlement payments of foreign oil companies amounting to several billion dollars. the 
    Iraqi government has agreed to those procedures during its meeting last week and informed the international Monetary Fund this, according to Mr. appearance. 
    the Baghdad expects approval by the IMF management on the first of the loan meal a $ 600 million disbursement by the end of June or beginning of July. 
    He added that the measures include tax increases and wage electricity and improve supervision of banks to fight corruption and money laundering, as it calls for a rationalization of state - owned companies and audit employees ' salaries in order to cleanse the aliens who are not present at their jobs. 
    the collapse of world oil prices since 2014 at a time when Iraq was a need for more resources to fight Daash group that seized large areas north and west of the country and caused the displacement of nearly four million people. 
    Saleh said that the recent increase in oil prices to $ 50 per barrel, it will not cause delay reforms . 
    For his part, Finance Minister Hoshyar Zebari , should the agreement with the IMF is called a total of $ 18 billion in international aid over three years, said the World Bank and the seven Group , which is leading industrialized nations are among the donors as well as the international Monetary Fund. 
    he said Iraq expects to sell two billion dollars in the form of euro bonds in the fourth quarter of this year ,when the international aid start arriving to help in reducing the cost of borrowing. 
    the last of Iraq 's debts international sold in 2006 , when it issued nearly $ 2.7 billion of outstanding bonds in 2028 with a 5.8 coupon %.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Fri 22 Nov 2024, 7:21 pm