Disclosure of the conditions of the World Bank in Iraq's budget in 2018

[yota691]

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Parliamentary Finance Committee: Interest rate on loans obtained by Iraq does not exceed 3%

By

 rami

 -

November 30, 2017

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The Parliamentary Finance Committee announced on Thursday that the interest rates specified in Iraq’s foreign loans from 1-3%, indicating that the annual repayment ratio of all old and new loans ranging between 7 – 8 trillion dinars annually.
“Iraq agreed with the donor countries that the interest rates should not exceed 1-3 percent, including the Japanese, German and American loans,” said Hossam al-Aqabi, a member of the committee. “Most loans have been used for ongoing investment projects,” he said.
The statement added that “Iraq will pay the old and new loans between 7 – 8 trillion dinars annually.”

[yota691]

Parliamentary finance: 1 - 3% interest rate specified in Iraq's foreign loans

 

 Since 2017-11-30 at 10:07 (Baghdad time)

Baghdad - Mawazine News

The Parliamentary Finance Committee announced on Thursday that the interest rates specified in Iraq's foreign loans from 1-3%, indicating that the annual repayment rate of all old and new loans ranging between 7 - 8 trillion dinars annually.

"Iraq agreed with the donor countries that the interest rates should not exceed 1-3 percent, including the Japanese, German and American loan," said member of the committee Hossam al-Aqabi in a statement received by the news agency. "The majority of loans were used for ongoing investment projects "He said.

The statement added that "Iraq will pay the old and new loans between 7 - 8 trillion dinars annually."

[yota691]

Iraq gets $ 2.9 billion in loans for the 2018 budget

Loans for the completion of projects of ministries and governorates within the budget of 2018

 

 04 December 2017 11:12 AM

Mubasher : Iraq received loans worth 2.85 billion dollars (3.47 trillion dinars) from international banks to complete the projects of ministries and provinces, within the budget of 2018, according to (Iraqi News Agency).

The loan was granted by the Japan Bank for International Cooperation (BOJ) to 80 million dollars for projects of the Ministry of Electricity and JICA for  858 million dollars for eight different ministries , an unnamed source said .

He added that the German Development Bank also granted Iraq a loan of 152 million dollars for the reconstruction of areas liberated from terrorism , and an Italian loan of 78 million dollars for projects of ministries of water resources, agriculture and trade.

The source added that the loan of the Defense Cooperation Agency of the US Department of Defense amounted to 706 million dollars, allocated to finance the needs of the Iraqi Ministry of Defense, while the value of the World Bank loan 251 million dollars, aimed at completing projects of various ministries in the capital and the Kurdistan region.

He explained that the Bank of British exports granted Iraq about 720 million dollars, directed to water projects, drainage, electricity and power transmission.

He pointed out that Iraq received 120 million dollars loans from foreign banks for the year 2018 Swedish guarantees to complete the Ministry of Electricity project , as well as 160 million dollars of electricity loan from the German Guarantees Corporation.

The Finance Committee of the Parliamentary Parliament of Iraq, the end of last November, that Iraq agreed with the donor countries for foreign loans to determine the rates of interest ranging between 1 - 3 %, indicating that the value of the annual repayment of all old and new loans ranging from 7 to 8 trillion dinars (about 5.87 ($ 6.71 billion) a year .

Last September, parliamentary MP and member of the Committee on Economy and Investment in the Iraqi parliament Najeeb Najib, said that the loans obtained by the government passed in a non-transparent manner , and was not allowed to see the parliament.

[SocalDinar]

Iraq Allocates $80 Million for Arms for PMF from International Loans

 

 

Basnews English

04/12/2017 - 12:37

Iraq

 

http://www.basnews.com/index.php/en/news/iraq/397227

 

 

ERBIL — Iraqi government has authorized the finance minister to borrow from international banks $80 million for the purchase of arms for the Popular Mobilization Forces (PMF) in 2018.

A source from the Parliamentary Finance Committee told Al Maalomah website on Sunday that the Iraqi government has allocated $80 million for weapons for Hashd al-Shaabi (PMF) and the same amount for the anti-terrorism service.

"The budget bill of 2018 sent to parliament by the government authorizes the minister of finance after the approval of the Council of Ministers to borrow from international banks the amount of 906 million dollars for the purchase of weapons and equipment for Hashd al-Shaabi, the counter-terrorism forces and the ministries of defense and interior,” according to Al Maalomah.

Among these funds, $80 million is for PMF, $80 million for the Counterterrorism Service, $146 million for the Ministry of Interior and 600 for the Ministry of Defense, the source explained.

Hashd al-Shaabi have been receiving Iraqi government’s support while the Peshmerga forces who are part of Iraq’s defense system and have been heroically fighting the Islamic State (IS) over the past three years, the government in Baghdad has been withholding their share from the budget and international loans.

[10 YEARS LATER]

They'll keep borrowing $$$$$ for as long as they can get away with. Hurry up and get it done ? Why bother . . . When we can borrow, borrow, borrow & borrow still.

 

with conflicting news articles daily, it's very difficult to ascertain whether or not these monkeys will pull the trigger for " 2018 year of Reconstruction " or just keep their hand out begging for more $$$$$; waiting instead for the RV to trigger in 2019. 

[newbieDA]

2 minutes ago, 10 YEARS LATER said:

They'll keep borrowing $$$$$ for as long as they can get away with. Hurry up and get it done ? Why bother . . . When we can borrow, borrow, borrow & borrow still.

 

with conflicting news articles daily, it's very difficult to ascertain whether or not these monkeys will pull the trigger for " 2018 year of Reconstruction " or just keep their hand out begging for more $$$$$; waiting instead for the RV to trigger in 2019. 

 

It is going take trillions of $$$$$ to reconstruct Iraq, plus it always easier to open lines of credit with the world when developing. Be patient

[10 YEARS LATER]

4 hours ago, newbieDA said:

 

It is going take trillions of $$$$$ to reconstruct Iraq, plus it always easier to open lines of credit with the world when developing. Be patient

 

Doing my level best in the patience department- March 2018 begins 15 years waiting on the monkeys - My  ( patience ) is wearing kind of thin of late.

[newbieDA]

Just now, 10 YEARS LATER said:

 

Doing my level best in the patience department- March 2018 begins 15 years waiting on the monkeys - My  ( patience ) is wearing kind of thin of late.

 

Who guaranteed this to you? kick their ass

 

This is all speculation from the start.

 

The only thing we can hold onto is the IQD needs to go International. Correct?

 

[NoviceInvestor]

11 minutes ago, 10 YEARS LATER said:

 

Doing my level best in the patience department- March 2018 begins 15 years waiting on the monkeys - My  ( patience ) is wearing kind of thin of late.

15 Years...You will be due for long service leave...

Edited December 4, 2017 by NoviceInvestor

[newbieDA]

1 minute ago, NoviceInvestor said:

15 Years...You will be due for long service leave...

 

the guy never takes a break lol

[10 YEARS LATER]

10 minutes ago, NoviceInvestor said:

15 Years...You will be due for long service leave...

 

I reckon so - 

[newbieDA]

7 minutes ago, 10 YEARS LATER said:

 

I reckon so - 

 

Why are you so serious about this? I always wondered.

 

When you invest like this, most people take it as a grain of salt.

 

But you are very serious, why is that?

 

Note: IQD is currency, so we can just sell and make our money back.

Edited December 4, 2017 by newbieDA
Heard one homeless women go to Vegas to see TNT tony until she realized what was going on, it was real sad.

[yota691]

Disclosure of the conditions of the World Bank in Iraq's budget in 2018

 

 06 December 2017 - 8:12 Number of readings:   

 

BAGHDAD - The Finance Committee of the parliament revealed on Wednesday some of the conditions of the World Bank, which was included by the government in the draft budget bill in 2018, while noting that the government stressed the need to abide by these conditions.

According to the news agency (Sumer News), member of the Committee Hossam al-Aqabi said that the draft law of the budget of 2018 sent by the government to parliament a few days ago, the obligations of the conditions of the World Bank and these obligations is the need to pay the government's foreign and internal and confirmation of the commitment with licensing rounds For companies operating in the oil fields, "noting that" many of the observations of the World Bank did not see them because the meetings are held only between the government and the World Bank without the entry of the House of Representatives as a party in these meetings. "

He added that "there is a confirmation in the financial budget law on the commitment of ministries to collect their revenues concerned some fees and services as well as revenues obtained by the non-oil revenues, which are collected through taxes and customs."

The World Bank's annual report said earlier that the outlook for the business environment in Iraq next year has made progress in the environment indicators for most sectors, despite the decline in Iraq's ranking slightly in the field of tax collection.

The report, published earlier, showed that there has been a significant improvement in Iraq's business environment indicators for most of the World Bank's 2018 sectors or activities. There are promising opportunities for foreign investment and contracting sectors to work in the country's stability and peace economy.

The World Bank confirmed that, during 2016-2017, Iraq had been able to implement fundamental changes in the domestic regulatory framework in two main areas: starting business and obtaining credit.

"Starting business is easier in Iraq by combining multiple registration procedures and reducing the time required to register companies. Business owners no longer have to register their companies independently with the General Authority for Taxes, while the time required to register companies is reduced. Because of the increased resources available in the registry and the improvement of the electronic registration system. "

He noted that the World Bank is committed to supporting the Iraqi government's efforts to implement priority reforms that will enhance the business environment and achieve better growth and opportunities for all Iraqis.

According to analysts, Iraq has improved in six indicators starting in 2017. In the "start of business", the first indicator of the report, which considers the number of procedures, time, cost and minimum capital paid to start a limited liability company rose, which became more attractive to investors At a time when the war is over, and the world sees Iraq's efforts to reform seriously and have an impact on the ground.

[Synopsis]

3 hours ago, yota691 said:

According to analysts, Iraq has improved in six indicators starting in 2017. In the "start of business", the first indicator of the report, which considers the number of procedures, time, cost and minimum capital paid to start a limited liability company rose, which became more attractive to investors At a time when the war is over, and the world sees Iraq's efforts to reform seriously and have an impact on the ground.

 

Hmmmmmm...................................the World Bank appears to be interested in “investors” “when the war is over” since “the world sees Iraq’s efforts to reform seriously” and “have an impact on the ground”!!!

 

Optimism by the World Bank or statement of the current reality regarding Iraq???!!!

 

YEAH, BABY, LET’S GET THIS SHOW ON THE ROAD!!!!

 

GO MOOLA NOVA!!!

[boosterbglee]

GM Synopsis!  If the World Bank is optimistic and your optimistic ....let’s roll!

[Synopsis]

4 hours ago, boosterbglee said:

GM Synopsis!  If the World Bank is optimistic and your optimistic ....let’s roll!

 

I (WE) are SOOOOOOOOOO REEEEEEEEEEAAAAAAAAAAAAAAAADDDDDDDDDDDDDDDDDDDDDDDDDYYYYYYYYYYYYYYYYYYYY!!!!!!!!!!!!!!!!!!!!!!1

 

YEEEEEEEEEEEEEEEAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

The Best Of Your Evening To You, BoosterBGlee! 

 

Go Moola Nova!