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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

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    Financial Advisor announces receipt of the first tranche of IMF loan

    Rocky
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    Financial Advisor announces receipt of the first tranche of IMF loan Empty Financial Advisor announces receipt of the first tranche of IMF loan

    Post by Rocky Sat 16 Jul 2016, 2:50 am

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    Financial Advisor announces receipt of the first tranche of IMF loan


     Baghdad / Ibrahim Ibrahim 

    Financial advisor to the Prime Minister announced the appearance of Mohammed Saleh, on Friday, Iraq took the first meal of the IMF loan, and as he pointed out that thevalue of more than $ 600 million, described the agency American specialized finance agreement signed by Iraq with theInternational Monetary Fund b "positive" for its contribution to reduce its budget deficit, as revealed document issued by the international Monetary Fund and Iraq 's intention to reduce spending non -oil 15 percent in the budget of 2016 due to lower average oil prices. Saleh said in an interview for the "long", he said that "delivered to Iraq, on Tuesday , the first batch of allowance for Iraq from the international Monetary Fund for a loan worth 634 million dollars , "noting that" this amount is part of the original loan of up to $ 5.3 billion amount. " Saleh added that" the loan money will come in the doors of the federal budget, specifically for the displaced and education and health, which are the doors of the ruling can not be postponed. " Saleh pointed out that" the government is committed to all the steps to implement the loan agreed with the IMF to give it to Iraq in the form of payments will bridge the fiscal deficit for a number of doors of the General budget for the year 2016 ". He said the " government has plan to revive the local economy and freeing it from sagging experienced by different state institutions. " The Finance Minister Hoshyar Zebari announced on 19 May 2016, to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years, confirmed the bank 's governor CBI, on the Keywords that theannual interest rate of the loan is up to 1.5%. in the same context , described the agency US credit rating agreement , financial services, signed by Iraq with the international Monetary Fund to "positive" for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq get close to twenty billion dollars from the Fund loans and other countries. the agency said the MODIS (Moody's) in a statement seen by the "long", " the Stand -by agreement signed between Iraq and the international Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve liquidity his rate and reducing the severity of the fiscal deficit in its balance of payments. " the agency added that" the agreement ratified by the executive body of the international monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation thecountry which was damaged fall in oil rates since mid - 2014 , as well as battles charged with being waged against al Daash. "economy was the financial advisor to the prime minister appearance of Mohammed Saleh revealed, in (27 May 2016), for Iraq , for" " an international financial umbrella nearly twenty billion dollars, as a result of its agreement with the international Monetary Fund. as revealed document issued by theinternational Monetary Fund for Iraq 's intention to reduce spending non - oil 15 percent in the budget of 2016 due to lower average oil prices, as suggested reduced the budget deficit to 4.9 billion dollars during thecurrent year , confirmed that Iraq aims to pay all arrears due for international oil companies by the end of theyear. According to the document cited by "Reuters" and seen by the "long", he said that "Iraq will cut spending non - oil 15 percent in the budget of 2016 due to lower average oil prices than expected at 34.5 dollars a barrel , "pointing out that" it is expected the budget deficit reduced to 4.9 billion dollars in 2016 and 13.2 billion in 2017-2019. " she added that" Iraq is expected to include funding for 2016 deficit to borrow $ 1.9 billion from the IMF and two billion from the World Bank "indicating that" it is expected to decline inforeign reserves for Iraq to $ 31.5 billion in 2020 from 59 billion last year due to deficit financing. " thedocument explained that" Iraq aims to pay all arrears due for international oil companies by the end of this year and is expected to include funding for 2016 deficit also bonds of one billion dollars to ensure the US bonds and international similar amount , "noting that" gross domestic Iraqi shrank 2.4% in 2015 and is expected to grow 10.3% in 2016 ". the information Office of the Prime Minister Haider al - Abadi denied (June 26, 2016), the news circulating deduction on part of the employees ' salaries as a result of the memorandum signed by the Iraqi government with the international Monetary Fund, as pointed out that the memorandum will provide financial support for Iraq worth $ 5.4 billion over three years at an interest rate not to exceed 1.5 percent.
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