$46 b. real Iraqi debts, Advisor.

[yota691]

Ebadi economic adviser: Iraq is ready to settle any valid debt

 

 

ARAB WORLD

08/02/2017 14:32

   

.okd Economic adviser to Iraqi Prime Minister, the appearance of Mohammed Saleh, his country's readiness to settle any debt unproven by the Paris Club, noting that some people call Bmdioniat Iraq is real.

Saleh said in an interview with "Sputnik," Some people give figures confused about reality, such that "there are $ 40 billion has not been settled yet, but it is not a real debt, and even if they are correct must be subject to the scrutiny of the Paris Club and deducted them 80 percent or more, "but he stressed that" countries that claim the debt did not call them because they are embarrassing. "

The Iraqi official expressed the view that the whole issue of "political", and they do not need those debts and are aware that if they asked for it will open the doors do not want to open it ", and stressed that in the end" will be written off. "

In response to a question about the recovery of Iraqi funds smuggled abroad, Saleh said that "The government has approved the recovery of Iraqi funds law, and entered into a Memorandum of Understanding with the United Nations to recover funds Iraq in general, the memorandum concluded two months ago with the United Nations Development Programme to combat corruption and recover all Iraqi funds Abroad".

Includes general budget for 2017 in Iraq amount of just over $ 5 billion at least to pay for internal and external debt payments, this has a projected budget deficit of more than $ 18 billion, covering internal and external debt, most notably loans from the United States, Britain, France, Canada, Italy, Sweden, Japan, and the World Bank international and the international Monetary Fund, Islamic development Bank and other banks.

And saw an economic adviser to Iraqi Prime Minister, the appearance of Mohammed Saleh, there are plenty of investment opportunities in the Iraqi market through which to increase cooperation with Russia and opening it, and to deepen economic ties .

Saleh pointed out , in an interview with "Sputnik", that the main areas in which Russia can invest in Iraq is "Housing and Reconstruction, roads and transportation, and improve some Iraqi industries, especially as Iraq and Russia Mottaghan toward a market economy, thus enhancing the common cultural links and common understanding The worker geographical attractions ".

According to the Iraqi economic official , the "Iraq has been linked economically with Russia since the establishment of the First Republic, which concluded with a joint cooperation was signed by Economy Minister Ibrahim Kubba agreements, Russia has provided whereby 70 plants to Iraq and established the second generation of Iraqi industry, including textile factories and public companies of various industries ".

[yota691]

Economic Advisor to the servants, some people ask us is the fact Bmdioniat and others Athrgeon

economy

 Since 08/02/2017 16:12 pm (Baghdad time)

BAGHDAD - balances News

Confirmed economic advisor to Prime Minister Haider al-Abadi, the appearance of Mohammed Saleh, his country's readiness to settle any debt unproven, pointing out that some people call Iraq Bmdioniat is real, while pointing out that others are aware that if they asked for it will open the doors do not want to open.

Saleh said in an interview with "Sputnik" Russian, and followed up / scales News /, that "some give figures confused about reality, such that there is a $ 40 billion has not been settled yet, but it is not a real debt, and even if they are correct should be subject to audit the Paris Club and deducted them 80 percent or more, but the countries that claim the debt did not call them because they are embarrassing. "

He added that "the whole issue is a political one, and they do not need those debts and are aware that if they asked for it will open the doors do not want to open it", and stressed that in the end "will be written off."

In response to a question about the recovery of Iraqi funds smuggled abroad, Saleh said that "The government has approved the recovery of Iraqi funds law, and entered into a Memorandum of Understanding with the United Nations to recover funds Iraq in general, the memorandum concluded two months ago with the United Nations Development Programme to combat corruption and recover all Iraqi funds Abroad".

And saw economic adviser Ebadi, that "there are plenty of investment opportunities in the Iraqi market through which to increase cooperation with Russia and opening it, and to deepen economic relations."

He explained that "the most prominent areas in which Russia can invest in Iraq is" Housing and Reconstruction, roads and transportation, and improve some Iraqi industries, especially as Iraq and Russia Mottaghan toward a market economy, thus enhancing the common cultural links and common understanding and worker geographical attractions. "

According to Saleh, the "Iraq has been linked economically with Russia since the establishment of the First Republic, which concluded with a joint cooperation was signed by Economy Minister Ibrahim Kubba agreements, Russia has provided whereby 70 plants to Iraq and established the second generation of Iraqi industry, including textile factories and public companies for different industries."

Includes general budget for 2017 in Iraq amount of just over $ 5 billion at least to pay for internal and external debt payments, this has a projected budget deficit of more than $ 18 billion, covering internal and external debt, most notably loans from the United States, Britain, France, Canada, Italy, Sweden, Japan, and the World Bank international and the international Monetary Fund, Islamic development Bank and the banks Okhry.anthy 29/1's

[nannab]

Isn't that nice Russia will pull Iraq down the toilet with them. How neighborly,  

[Laid Back]

"Iraq is ready to settle any valid debt"

This statement comes from Mohammed Saleh, Abadi's economic adviser.

Mohammed Saleh was Shabibi's right hand when he was CBI governor.

I believe Shabibi is working for the CBI behind the curtains

Iraq and the CBI are moving forward in the right direction to bring the country to the international stage 

My 2 cents.

[newbieDA]

this is a game changer, hmmm

[calkid11]

Thank you Yota 

[Officiallytook]

This is awesome...and right when liberation is almost complete..

[jg1]

I will believe it when I see it.

[jeepguy]

5 hours ago, yota691 said:

such that there is a $ 40 billion has not been settled yet, but it is not a real debt, and even if they are correct should be subject to audit the Paris Club and deducted them 80 percent or more, but the countries that claim the debt did not call them because they are embarrassing

now just quick reading ,  and if no one has paid attention too some of the articles as of late ,  this sounds like just another  " blaaa  blaaaa blaaa statement "  but if  Iraq is  , in some way trying to send a message too lenders ,who might have seen the post where the top 20   corrupt  or top schemers of the money tree  of Iraq has more cash than  most countries ,  then I suppose they are trying too say ,  we have a plan , and it is coming together , just a little longer until we are  rid of  terrorist  ...  { kind of makes me wonder , if trump did freeze those funds , could there be someone in the next level who is aligned , with world banks , I m f  ,  that  has trump in the loop as too the next steps ? }  

[ChuckFinley]

I am interest to see how this plays out. 

[jake21]

me too will believe it when i see it

 

[sandfly]

40dillion not a real depth. So they are not telling the truth about how much money they really have in cbi

[markb57]

Iraq-Truth....bwaaaaaaaaa.!!

[The Englishman]

THURSDAY, FEBRUARY 9, 2017

Iraq charges countries of demanding "false" compensations

 

3:46 AM  ADMIN  

 

Baghdad/ Iraq TradeLink: The Iraqi government charged some "un-named" countries demanding 

"false" debts.

Adviser to Iraqi Premier Mudh'hir Mohammed Saleh expressed Iraqi "readiness" to settle any debt to be proved right by Paris Club.

He charged some countries and circles of announcing that 40 billion dollars were not yet settled, pointing that these are "unreal debts".

"If so, they should be audited by Paris Club, where 80% of them should be deducted or more", he confirmed.

Iraqi 2017 national budget contained less than 5 billion dollars were allocated to pay internal and external debts.

The deficit in the Iraqi budget will reach to more than 18 billion dollars, particularly loans from USA, Britain, France, Canada, Italy, Sweden, Japan, World Bank, International Monetary Fund, the Islamic Development Bank and other world banks.

 

http://www.iraqtradelinknews.com/2017/02/iraq-charges-countries-of-demanding.html

[yota691]

02/12/2017 (00:01 pm)   -   the number of readings: 322   -   thenumber (3850)

 

 

Iraq made 5 trillion dinars to pay off the interest on their foreign loans

 Baghdad / peace Zidane 
 

The Iraqi government announced it would begin paying internal and external benefits of debt during the current year, and revealed that the annual interest, to be paid to foreign creditors during the current year amounting to 5 trillion dinars. 


And it reached the Iraqi internal debt of $ 35 billion, while the external debt amounts to more than $ 70 billion. The increase is a result of the Government 's use, in recent years, to the internal and external borrowing to cover the deficit in the financial budgets for the last three years , amounting to $ 50 billion. 
Financial advisor to the prime minister and said the appearance of Mohammed Saleh, in an interview with the (range), said that "Iraq allocated $ 5 trillion dinars ($ 3.9 billion) to pay off the internal and external benefits of debt during the year 2017 , " noting that "Iraq 's debt , which some see elevated part of them dubious and funded the wars of the former regime. " 
High government adviser and pointed out that "Iraq is committed to paying all internal and external debt , including the Paris Club debt and loans obtained in recent years from international organizations." 
Iraq has seen in the past three years , a severe financial crisis after the fall in oil prices and the invasion of organizing Daesh to one third of the country , which increased spending , which covered through internal and external loans. 
And was a member of the parliamentary finance committee pros Hamadoun said (range), earlier, that " the government 's misguided policy in the increase in loans, will be charged to future generations many consequences, and it was supposed to resort to austerity and self - realized by OPEC agreement of the rise in the prices oil. " 
She said a member of the Finance Committee that "internal and external loans amounted to $ 123 billion, which is a very large number , especially since some of the loans will go to support the budget and not activating the productive sectors." 
In the meantime, Abdul Rahman al - Mashhadani, an economist said, (range) that " the benefits allocated by Iraq are too high and that it will grow in the coming years due to the new debt , which wants to get them during the current year and estimated with 14 billion dollars." 
Al - Mashhadani said that " the financial policy of the state experienced a major failure during the current period because the amounts borrowed went of government spending as a distribution of salaries and did not go to support strategic projects related to the development of industry and agriculture , " he expected the government to "raise taxes on the citizens to support the budget without there is a real service. " 
Japan has asked the Iraqi government to clarify the reasons for the delay in the payment of interest on loans provided by Iraq during the past years. 
He said the Finance Ministry adviser Izz al- Din Taha said that " the Iraqi government largely committed to the implementation of foreign obligations, including the obligations on behalf of the Japanese side." 
Ezzedine and added that "Baghdad was delayed in paying its financial obligations due to the large deficit in the general budget as a result of the sharp fall in oil prices , which had a negative impact on Iraq 's oil revenues, as well as internecine war carried out by Iraq in the face of terrorism which cost the Treasury a lot of money." 
In a related development, Foreign Minister Ibrahim al - Jaafari called on the Czech government to "cancel the remaining debt of the Czech Republic on Iraq." 
And decided the Paris Club, on sovereign debt of countries and based on what introduced by Canada and reached Iraq of the Convention on the credit to be prepared with the International Monetary Fund, to exempt Iraq from paying interest on the remnants of its debt dues and suspended until the end of the year 2019, and that other sovereign debt outside the Paris Club Iraq will pay about $ 800 million annually.

[yota691]

 

[yota691]

Parliamentary Finance: Iraq 's debt exceeded $ 100 billion 13/02/2017 15:47 BAGHDAD / tomorrow Press Parliamentary Finance Committee warned on Monday not to meet Iraq to pay foreign and domestic debts, indicating that it exceeded the 100 billion dollars.  A member of the committee, Ahmed Hama Rasheed said in an interview for "tomorrow's Press," that "Iraq's debt exceeded $ 100 billion, and divided by $ 35 billion in domestic debts and $ 70 billion foreign debt, was largely driven by government borrowing to bridge the budget deficit during the last three years." . Among Rashid said "there is a real concern of the non-fulfillment of that debt, because of continued dependence on oil significantly, with the instability of prices, as well as the lack of development of other sectors such as industry, agriculture and tourism."  He called Rashid, said that "there is a real and effective plans to get rid of this debt, which cause financial Petrakmat borne by future generations, and reflected negatively on the economic reality."

[EagleEye]

so recover the 60 Billion that Malarkey Stole and your more than half way solvent...then start on the others as well....c'mon it's not rocket science....

[Tonygrasso]

Amen eagle eye. Take it all back from the corrupt ruling class. Then give them back what they made honestly, whenever you figure out what that number is.  

[SnowGlobe7]

would half a trillion frozen in the us accounts take out their debt??? hummmmmmm can we do that???

[10 YEARS LATER]

They'll just borrow more money, that's all.

[sandfly]

Add value to their money, they will see how much will change 

[The Englishman]

Iraq's Debts Raise to $15.5 Billion: MP

 

The MP warns Iraq will get in trouble if it fails to refund the debts in 2017

 

 Leyla Hemid

 15 February 2017

Iraq

 

 

 

ERBIL—  Since Iraq-Iran war, Iraq's debt has topped 15.5 billion USD, said a lawmaker who also warned if Baghdad fails to refund the debts of the Gulf war era, it will get in trouble.

Ahmed Haji Rashid, lawmaker at the finance committee of Iraqi House of Representatives, told BasNews that Iraq's debt of Gulf war era has reached 9.6 billion USD.

He explained that the debt has been reduced from 51 billion USD as many countries pardoned Iraq's debt including US and Denmark while Russia and several more countries pardoned 80% of the debts due from Iraq.

Rashid added if Iraq in 2017 fails to refund the war era debt which belongs to 16 countries, members of the Paris Club, it will get in trouble.

He explained that the remaining debt consists of debts to the foreign investors paying credit to Iraqi government and parties not members of the Paris Club.

[yota691]

Abadi adviser: to Amajaov of Iraq's debt at the moment

 

 

Economy News / special ...       The progress of the development policies of the Institute of Systems, on Saturday, an economic seminar carried the title of Iraq's debt actually economic consequences. Terrace Dmahdi Hafiz session Commentator Dr. Salah Nouri al-Khalaf and lecturer Dmzar Mohammed Saleh, the financial advisor to the Prime Minister Haider al-Abadi. Dr. appearance of Mohammed Saleh during the seminar which was attended by "Economy News" Baijasaly debt owed by Iraq and its effects on the Iraqi economy during the years of budget deficits since, and touched on the debt in the Paris Club to reduce and scheduling. Saleh added, that the challenges facing Iraq and in the forefront of the war on Daesh terrorist and lower imports of Iraq because of the drop in oil prices pushed Iraq to the external borrowing from the IMF and other international financial Institutions Fund, which returned the debt problem to the forefront, and assured the audience that Amajaov debt despite the negative effects For now. Saleh also highlighted, that the IMF lends to Iraq mechanisms of complex and varying degrees of benefits, and appealed to the Iraqi diplomatic Dmzar pressure toward debt reduction and cancellation by the Paris Club. For his part, Commentator Dr. Salah Nouri al-Khalaf said the Office of Iraq declared in total transparency and the Supreme Audit audited their own accounts, including the application of the conditions and mechanisms for lending. There were then discussions and numerous interventions made by the group of experts and interested participants revolved around ways to debt treatment and minimizing the effects and made proposals in this regard will be working on the studied and submitted to the concerned authorities, was emphasized on the need to exert pressure to return the money smuggled abroad as a recommendation important to address the debt raised . In the intervention, economic adviser to the Association of Iraqi private banks Samir Nasiri, pointed out that there is already wrong policies led to the current situation. It must be a policy for the management of funds in Iraq at the present time. He called the economic elites to take action to bridge the budget deficit and the state must inform citizens on every detail, stressing that causes real internal borrowing is no longer only to the current economic situation, but rather return to the bad management of public funds and the shortcomings of the economic approach administration therefore is not established sovereign fund at a time of abundance, similar to oil-producing countries. Alnasiri have wondered about the difference in prices between the estimated budget of $ 42 a barrel and the price of its current price, which reaches an average of 52 dollars, how are disposed to cover the deficit for 2017 and whether the budget extension will be issued at the end of the first quarter of this year to rooms inform the public of it.
Views 98   Date Added 18/02/2017 - 16:32   Last updated 02/19/2017 - 14:23   No. Content 6742

[yota691]

Deputy: Iraq's debts exceed $ 100 billion

 

Monday, February 20, 2017 14:09

 

 

 

Alsumaria News / Baghdad revealed a member of the economic and investment commission in Parliament MP Mehdi al - Hafez, on Monday, that the debts of Iraq exceed $ 100 billion, indicating that the reform measures of the government to address the economic problems were weak.  Al - Haafiz said in an interview with Alsumaria News that "Iraq 's debts exceed $ 100 billion , " explaining that " the bulk of this debt back external debt and by more than $ 60 billion, while the domestic debt which is in the form of bonds , 40 billion dollars."       "The current debt is one of the serious issues for the future of Iraq, and therefore need to be addressed Iraq to be in easy position to cope with potential financial Amhakl in the future."  Hafiz He noted that "there are no other resources of the state is oil , which is the main supplier of the public budget , " noting that " the reform measures of the government to address the economic problems were weak and did not affect the essence of the theme that revolves around how to find a significant financial resource alongside oil to help the country in the field spending ".  Iraq seeks to cancel the debts arising during the period of the previous regime of Saddam Hussein , amounting to more than $ 140 billion, some of which go back as compensation because of wars with its neighbors and other commercial debts.  Iraq had been able to write off $ 100 billion of Paris Club debt amounting to 140 billion dollars after Iraq unilaterally signed with these countries debt towards Iraq cut by 80% including the Convention, while there were some countries of the Paris Club agreement with Iraq to write off 100 % of Iraq 's debt trend.