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Neno's Place Established in 2006 as a Community of Reality


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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 needs $ 63 billion to save the vital projects threatened

    Rocky
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    • Post n°1

    Iraq needs $ 63 billion to save the vital projects threatened Empty Iraq needs $ 63 billion to save the vital projects threatened

    Post by Rocky Mon 19 Sep 2016, 6:41 am

    Iraq needs $ 63 billion to save the vital projects threatened


    17:49:31 18.09.2016 | (Voice of Iraq) - Baghdad caused the economic crisis that Iraq is facing because of lower oil prices, in the presence of negative consequences on the developmental effect, including the high unemployment rate, poverty and declining level of growth. A spokesman for the Ministry of Planning and Cooperation of the Iraqi Development, Abdul Zahra al - Hindawi, said that the most dangerous that "was a threat to the fate of the ongoing investment projects that six thousand , numbering more than, and increase their cost hundreds of billions of dollars." and talked about the difficulties facing Iraq today, adding that he is trying to find solutions and remedies for this situation in order to proceed with the completion of projects due to lack of financial allocations, because of the scarcity of resources that are hardly clog the operating budget requirements. The investment budget Fbataat a form of luxury in these circumstances. He predicted that the situation more difficult if the government decided to stop all projects, especially as it represents a significant economic importance, as well as money spent on them, "because the stop means wasted." He disclosed that the product revision in fact investment projects , numbering more than 6 thousand, was deleted 296 projects , of which cost up to about 10.6 trillion dinars (about US $ 9 billion). he said these projects are either not important at present or did not initiate it. As has been postponed in 2169 another project at a cost of 36.7 trillion dinars (about US $ 28 billion), and amounted to a reduced amount of the total 47.3 trillion dinars constitute 29.5 percent of the total cost, and 40 percent of the remaining financial obligations amounting to 120.8 trillion dinars. The remaining amounts to be insured in the Act the budget over the coming years, according to the stages of implementation are 72 trillion dinars ($ 63 billion) , 60 percent of the remaining financial obligations. He explained that these actions coincided with the non - inclusion of any new projects and view some ongoing projects as investment opportunities, or they are carried out on credit , or participate to ensure completion, especially those with a dye service projects. has not been lost Hindawi another problem is the financial dues to the contractors who carried out those projects, worth $ 8 trillion dinars. he was probably the action taken by the government to pay dues contractors by issuing Treasury bonds and 100 percent of the projects adult ratio achieved more than 80 percent, a condition pledged contractor to complete the project and pay 40 percent of the projects under the percentage of completion for 80 percent, as a down payment the government be bound which pay 5 trillion dinars of the total accrual during the current year, to be reimbursed rest in a later stage of next year. and the other, especially for services projects, he stressed that the possibility of the government using the private sector , which has the capabilities, noting that the Iraqi Business Council indicated a willingness to enter as an investor partner to the government in the completion of five major hospitals in a number of provinces, represents a great opportunity for this sector, in order to be a strong partner to the public sector in the investment process. He emphasized the private sector 's ability to enter financier way forward was also the case on the private banking sector, pointing out that "there are more than 50 private banks are looking for investment opportunities for the development of their financial capabilities." 

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    • Post n°2

    Iraq needs $ 63 billion to save the vital projects threatened Empty Iraq needs $ 63 billion to save the vital projects threatened

    Post by Rocky Mon 19 Sep 2016, 6:42 am

    Iraq needs $ 63 billion to save the vital projects threatened

    Sunday 18-09-2016 | 5:41:57

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    Twilight News / caused the economic crisis facing Iraq because of lower oil prices, in the presence of negative consequences on the developmental effect, including the high unemployment rate, poverty and declining level of growth.
    A spokesman for the Ministry of Planning and Development Cooperation of Iraq, Abdul Zahra al-Hindawi, the more serious "threat was the fate of ongoing investment projects, numbering more than 6 thousand, and increase the costs of hundreds of billions of dollars."

    And he talked about the difficulties facing Iraq today, adding that he is trying to find solutions and remedies for this situation in order to proceed with the completion of projects due to lack of financial allocations, due to the scarcity of resources that are hardly clog the operating budget requirements. The investment budget Fbataat a form of luxury in these circumstances.

    He expected to be the most difficult position if the government decided to stop all projects, especially as it represents a significant economic importance, as well as money spent on them, "because the stop means wasted."

    He disclosed that the product reconsider the reality of investment projects, numbering more than 6 thousand, was deleted 296 projects, of which cost up to about 10.6 trillion dinars (about US $ 9 billion).

    He said these projects are either not important at present or did not initiate it. In another project was postponed in 2169 at a cost of 36.7 trillion dinars (about US $ 28 billion), and amounted to a reduced amount of the total 47.3 trillion dinars constitute 29.5 percent of the total cost, and 40 percent of the remaining financial obligations amounting to 120.8 trillion dinars.

    Amounts remaining to be insured in the budget law in the coming years, according to the stages of implementation are 72 trillion dinars ($ 63 billion), 60 percent of the remaining financial obligations.

    He explained that these actions coincided with the non-inclusion of any new projects and view some ongoing projects as investment opportunities, or they are carried out on credit or in combination to ensure deliverables, especially those with a dye service projects.

    Hindawi was overlooked Another problem is the financial dues to the contractors who carried out those projects, worth $ 8 trillion dinars.

    It might have been the action taken by the government to pay dues contractors by issuing Treasury bonds and 100 percent of the projects amounting to the percentage completed more than 80 percent, a condition pledged contractor complete the project and pay 40 percent of the projects under the percentage of completion for 80 percent, the first to be down which the government is obliged to pay 5 trillion dinars of the total accrual during the current year, to be reimbursed rest at a later stage of next year.

    And on the other, especially for services projects, he stressed that the possibility of the government using the private sector, which has the capabilities, noting that the Iraqi Business Council indicated a willingness to enter as an investor partner to the government in the completion of five major hospitals in a number of provinces, represents a great opportunity for this sector, in order to be a partner a strong public sector in the investment process.

    He emphasized the private sector's ability to enter financier way forward was also the case on the private banking sector, pointing out that "there are more than 50 private banks are looking for investment opportunities for the development of their financial capabilities."

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    • Post n°3

    Iraq needs $ 63 billion to save the vital projects threatened Empty Re: Iraq needs $ 63 billion to save the vital projects threatened

    Post by Rocky Mon 19 Sep 2016, 6:43 am

    from a different forum

    Since the Iraqi economy has a lopsided dependency on oil prices, when there is a dip in the prices, it affects them and they don't have equally weighted sectors to rely upon in periods of low prices. Until they grow other sectors which provide outputs and revenues to balance fluctuations in oil prices, they will be vulnerable.

    The good news is we continue to see lending faith from Iraq's allies. In today's news, we read that Japan is lending to them. Iraq's reserves are ranked 34 out of 187 (https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves) as of last December. 

    The wealth is there, which is demonstrated in the faith of lending countries. Again, Iraq needs to protect it's reserves while rebuilding and continuing to strengthen their economy. Think of this as a large department store borrowing money to stock their shelves worldwide ahead of the sales revenue coming from consumers (which is a real example).

    Iraq borrowing and countries lending to them is a good thing and a foundational necessity for Iraq's participation in the global economic stimulus that is coming. Japan, the USA and many other countries see this future repayment and stimulus coming and so should we!
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    • Post n°4

    Iraq needs $ 63 billion to save the vital projects threatened Empty Re: Iraq needs $ 63 billion to save the vital projects threatened

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