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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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    The World Bank will lend Iraq $ 4 billion and "consultations Washington" will enable it to diversify

    Rocky
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    The World Bank will lend Iraq $ 4 billion and "consultations Washington" will enable it to diversify Empty The World Bank will lend Iraq $ 4 billion and "consultations Washington" will enable it to diversify

    Post by Rocky Sat 15 Oct 2016, 3:33 am

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    The World Bank will lend Iraq $ 4 billion and "consultations Washington" will enable it to diversify its economy


     Baghdad / Zahra Hamid- term 

    Financial advisor to the Prime Minister emphasized the appearance of Mohammed Saleh, on Friday, that the consultations that fought Iraq with the IMF mission , the World Bank, resulted in getting loans is estimated at $ 4 billion over three years, while theInternational Monetary Fund announced, for the achievement of the Iraqi government "Good progress" toward completing the Stand -by agreement, likely that the agreement is done in November or December next. 


    Saleh said, in an interview (long - Presse) that "Iraq 's consultations with the international Monetary Fund and World Bank , which concluded today in the capital US and Washington, were positive and successful , "adding that it" will allow Iraq access to soft loans from the World Bank estimated at four billion dollars over the next three years. " 
    Saleh added that" consultations believes Iraq get a new batch of the international Monetary Fund during theyear current 2016 estimated B643 million, out of a fund of 5 billion and $ 300 million loan. " 
    He explained the financial advisor to Ebadi that" consultations were focused on evaluating the work of financial and monetary policies in the light of the government 's reform program, which will be, according to thedocument of reform announced by the chairman of the board Minister Haider al - Abadi, both in economic management and the fight against corruption or in the Iraqi public financial governance. "                
    Saleh said that" consultations saw agreement on the support of the reform program of the government, so as to help Iraq to overcome the dependence on oil and the fight against corruption and its waste problems, "she returned to" success consultations adds new strength to the victory of Iraq on Aldaasha and thereconstruction of our country , terrorism after the expulsion of its remnants. " 
    comes Iraq 's negotiations with the IMF mission and the World Bank to complement the first review, has continued in Washington , DC , for the period from the sixth to the tenth of October , the current 2016. 
    for his part , announced IMF international, for the achievement of the Iraqi authorities what he described as "good progress" toward completing the Stand -by agreement, likely that the agreement is done in the coming months. 
    the IMF mission over Iraq in a statement seen by the "long" the Iraqi authorities have continued discussions with the Fund experts IMF in Washington DC during October this 6-10 period on the first revision of theagreement to prepare the credit amounting duration of 36 months, which was approved by the IMF Executive Board on July 7, 2016 ". 
    the statement quoted the head of the IMF mission to Iraq Christian coconut as saying:" the authorities Iraq made good progress towards the completion of the first review of the agreement to prepare the credit, "adding that" Once you provide the additional information required and the implementation of the agreed prior actions, will be considered by the Executive Board in the first revision of the agreement to prepare the credit, which is likely to take place in November or December . " The 
    mission statement and explained that" the team had met during the discussions in the presence of Ali Mohsen Ismail Keywords Governor of the Central Bank acting, and Fadhil Nabi Othman , Deputy Minister of Finance, and the appearance of Mohammed Saleh financial advisor to the Prime Minister, and a group of officials from the Ministry of Finance and the Central Bank of Iraq and a representative of the Kurdistan Regional Government "pointing out that" the Fund 's team would like to thank the Iraqi authorities on the good cooperation and discussions frank and fruitful. "Iraq had discussed in 7. October now 9 through their participation in the annual meetings of the Bank and the international Monetary Fund with the IMF and theWorld Bank diagnostic study of the Iraqi economy , which prepared by the World Bank and the challenges facing the Iraqi economy at the current stage and ways to address them in the near and long term. 
    Iraq had happened in July 2015, a payment equal to about one billion and 240 million dollars, through the"rapid funding , " the IMF 's tool. 
    acknowledges Iraq before the middle in July 2016, about $ 634 million, representing the first installment of theIMF loan, immediately after the IMF Executive Board approval, in ( the seventh of this month) on the standby credit agreement with Iraq, noting that the loan term is five years , annual interest rate low of one and a half percent (1.5%), and that the number of payments is 13 batch stretches over 36 months. it is 
    noteworthy that Iraq has agreed with the international Monetary Fund and World Bank to provide financial umbrella him up to $ 20 billion, to overcome the financial crisis as a result of the sharp decline in oil prices and the war against (Daesh).
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