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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


    Experts: international loan will not contribute to resolving the financial crisis, but rather to be

    Rocky
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    Experts: international loan will not contribute to resolving the financial crisis, but rather to be Empty Experts: international loan will not contribute to resolving the financial crisis, but rather to be

    Post by Rocky Mon 11 Jul 2016, 8:11 am

    Experts: international loan will not contribute to resolving the financial crisis, but rather to be held 

    07/10/2016
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    [rtl]BAGHDAD / JD / .. experts and observers see in the financial and economic affairs that the international loan, which will use its Iraq will not be a radical solution to the financial crisis in the country, but that the crisis will be held through the imposition of conditions and increase future debt that will exhaust the financial state as well as the inability of the Iraqi government from taking any decision on the financial management without taking the World Bank and the IMF loan approval.[/rtl]
    [rtl]The Finance Minister Hoshyar Zebari reach Iraq to deal with the International Monetary Fund to give him a financial loan strategically estimated at $ 16 billion, including $ 3 billion to the government of the Kurdistan region, which is considered a loan is important for Iraq to get out of the stifling the country's financial crisis.[/rtl]
    [rtl]She says expert at the Center for Strategic Studies, Mohammed Abdul Jalil, said that after a change of the political system in Iraq in 2003, Iraq plagued by the scourge of external financial debt, including compensation for the Kuwait and loans of the Paris Club and others because of the former regime, the government's policy, which has made the country burdensome financially and could not so far out of sight all debts, noting that the delay in debt repayment will increase the value of profits thanks to those imposed on the debt ratio.[/rtl]
    [rtl]He said Abdul Jalil told / KD / The Iraqi government should think about how to repay the foreign debt before heading to take additional loans from international banks put impossible conditions in order to achieve your financial goals in Iraq, noting that the loan, which would take Iraq from the International Monetary Fund will make the Iraqi government does not have an independent decision on the financial management in the country, but will be the first and last opinion, however, the donor of Iraq, and this is colonization, but indirectly.[/rtl]
    [rtl]He noted that the federal government is considering by the vessels, not a radical and a future financial crisis, noting that this loan will solve the crisis at the present time through the payment of salaries and some operating expenses and the entry into force of that money will return Iraq to square one and enters a very large financial crisis, the lack of effective guarantees return oil prices to rise, as well as the absence of huge development projects in Iraq.[/rtl]
    [rtl]For his part, stressed the economic expert Abdul Hassan al-Shammari, the Iraqi government is able to create a great economic revolution in the country because of Iraq possessed of the ingredients help him with that, pointing out that the industrial sector in Iraq is one of the largest vital sectors, but he still is not enabled form right, as well as other agricultural and tourism sectors, which will increase the state revenues instead of resorting to international loans.[/rtl]
    [rtl]Al-Shammari told / KD / that it needs to be economic visions and development plans under international supervision and control of government in accordance with the mechanism and controls certain determine which projects will be implemented in order to create a massive economic revolution, as happened in some other countries, adding that Iran when it imposed sanctions international resorted to activate the industrial sector to be a major economic resource for the country getting Tehran to not affected by the economic sanctions imposed on it.[/rtl]
    [rtl]He noted that the use of internal and external loans longer prosthesis solutions to cope with the crisis now without thinking about the future of how mastery of those debts.[/rtl]
    [rtl]Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years.[/rtl]
    [rtl]He agreed the International Monetary Fund, to give Iraq a line of credit worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against terrorism. [/rtl]
    [rtl]The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the rapid financing tool Alsabak.anthy / 8 / program    [You must be registered and logged in to see this link.][/rtl]
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