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yota691

World Bank is providing two loans to support Iraq

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Under section: economic Dated: May 2, 2015
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 BAGHDAD / News Network Iraq centered economic seminar held by the World Bank in Baghdad about overcome the current liquidity crisis and how they can from which to provide support for Iraq and attention to priority reconstruction of the liberated areas experiencing a shortage of services, held in the presence of World Bank Vice President for the Middle East and North Africa Hafez Ghanem, a large number of experts, researchers and those concerned with Alaguetsada.wachar World Bank Vice President to the desire of the bank to work with Iraq to support the budget, explaining this support mechanism through the provision of loan is repaid during 35 years with five additional permit-year interest rate of up to 1.5 percent only What makes it of soft loans in terms of the conditions and facilities compared to what banks and institutions offer Acialh.oadav Ghanem said the agreement concluded to give Iraq two loans, the first of its loans to support the rapid reconstruction and provision of services to areas liberated process.

 

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Quick on two loans to Iraq for reconstruction and budget support

 

 

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2/5/2015 0:00 

The World Bank in a seminar attended by {morning} declares: 

Baghdad - just Hammoud - Shokran Fatlawi 

centered economic seminar held by the World Bank in Baghdad and attended by the "morning" about overcome the current liquidity crisis and how they can which provide optimal support for Iraq and taking into consideration the priority to rebuild areas liberated strapped in services and problems in the housing, and held in the presence of World Bank Vice President for the Middle East and North Africa Hafez Ghanem, a large number of experts, researchers and those interested in economic affairs. 

budget support 

and said World Bank Vice President Hafez Ghanem, to the desire of the bank to work with Iraq in support budget, explaining the mechanism of this support through the provision of loan is repaid during 35 years with five years of additional allow an interest rate up to 1.5 percent only making it one of the soft loans in terms of the conditions and facilities compared to what provided by banks and private institutions. 

He said Ghanem said the agreement concluded to give Iraq The first two loans of quick loans to support the reconstruction and provision of services to areas liberated process and expressed the hope that the private this loan, ready funding be during the month of July of this year, as will be allocated second loan to support the budget and will determine the amount and the mechanism of payment in accordance with the actual need of the country for the loan. 

repay the loan 

confirmed World Bank official Iraq's ability to take advantage of this loan and repaid on time especially as he is a rich country has the resources and good things what makes it worthy to pay it, pointing to the possibility of the development of agricultural, industrial and service sectors as well as the attributes of the oil wealth, not to mention the importance of regional and international noting that all the foregoing position to build an economy and institutions have a positive impact on the entire region. 

Infrastructure 

and the reality of the private sector, local Ghanem two things hamper to some extent the World Bank's activities to assist in the development of this sector, the first security problems in some areas accompanied by poor infrastructure necessary for private sector projects, noting that the role of the Bank is to invest in infrastructure and the financing of various projects in this aspect Mrtiaa The development of the country will get through the development and private sector development. And between Ghanem readiness of the bank to work on the development of areas affected by the problems in infrastructure and a rise in the unemployment rate, pointing out that the basis of their work is centered in areas that suffer from problems in order to prevent aggravation. 

reconstruction of liberated areas 

and concluded Ghanem on to say, that the loans provided by the World Bank to Iraq has achieved some of its objectives, adding it was too early to say that it has achieved its full objectives such as economic growth and employment and to promote stability in the country, pointing out that the meetings held in the past two days between each of the Ministers of Finance and Iraqi Planning and representatives of the World Bank is to show the progress of work in accordance with the how the right economic and priorities supported by the World Bank and "if we can not support these priorities of what we came to Baghdad and we held meetings with the Iraqi government," which floated the idea of borrowing from the bank to bring life liberated areas emerging from terrorism and to work on the development of the private sector in Albuld.okan Ghanem met with officials and discussed with them the mechanics to take advantage of the loan in the reconstruction of the liberated areas, as well as search Bank support for the establishment of development projects in the whole of Iraq. 

The prime minister d. Haider Abadi, the World Bank has called for work with the provinces of Basra, especially for development and reconstruction, and between that Iraq wants to build a healthy economy depends on the strategic vision far.

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Yeah :bravo:  :bravo:  :bravo: the World Bank is giving Iraq a loan with a payback of 35 years at 1.5% interest. Sweet. That doesn't look like a high risk to me. I wonder how much the loan is? It says it will "overcome the current liquidity crisis." Nonetheless, this will increase Iraq's credit rating. A very good sign. They really need to tap all theses minerals, gold, etc.

 

We should have a contest to guess what Standard and Poors will rate Iraq. 

My guess is bb+

My guess is 4-6 weeks.

Since we can't bring in outside links, you will have to go to standandpoors yourself and get the pdf for ratings. It is very interesting.

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Yeah :bravo::bravo::bravo: the World Bank is giving Iraq a loan with a payback of 35 years at 1.5% interest. Sweet. That doesn't look like a high risk to me. I wonder how much the loan is? It says it will "overcome the current liquidity crisis." Nonetheless, this will increase Iraq's credit rating. A very good sign. They really need to tap all theses minerals, gold, etc.

We should have a contest to guess what Standard and Poors will rate Iraq.

My guess is bb+

My guess is 4-6 weeks.

Since we can't bring in outside links, you will have to go to standandpoors yourself and get the pdf for ratings. It is very interesting.

All good points. Always appreciate what you bring to the site.
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standardandpoors

sorry for the typo above.

 

It talks about the rating system such as economic and political stability, ability to repay back debt, credit history, resources, etc. 

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28-04-2015 09:28 PM 
Number of Views: 75

 

 

 

 

 

Iraq today

Counting economist Maitham coffee, borrowing from the International Monetary Fund and the World Bank that it will increase the economic efficiency of Iraq on the side of resources and expenditure management, pointing out that the soft loans and long-term, but also calls for a long-term reforms. He said he and coffee 'is no stranger to Iraq to borrow from foreign countries or international funds, banks and unions, not necessarily located in the burden, but that borrowing is one of the important pathways that restore Iraq to the international economic community'. He pointed to the coffee that 'the drop in oil prices partially is to adjust the Iraqi economy again, because it throughout the period of the rule of al-Maliki was open financial constraint was able Iraq to escape from the grip of the World Bank terms and conditions of the International Monetary Fund', pointing out that 'borrowing restore Iraq to the Financial Adjustment mode according to standards of the International Monetary Fund, such as reducing the budget deficit '. He explained that 'this borrowing is input reformer to reduce the role of the state, because everything is increasing role of the state is increasing the deficit and increasing expenses, and thus would reduce the role of the state to give a greater role to the private sector', adding that 'those loans came to address the deficit, but will link Iraq requirements it adhered to '. Coffee and between that 'those soft loans and long-term, but it also calls for a long-term reforms and Iraq are subject to high economic laws and this is part of the internal economic reform'.

 
 
 
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Now, we have the World Bank and the IMF deeming Iraq to be Internationally Credit worthy, more great news.

 

 

We must be close to the Iraqi Currency being traded on the International market, thus an increase in the Exchange Rate .... :praying:

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This has long been waited for, like 8 years but I won't hold my breath until done.

It seems every time we close they discover a way to screw things up!

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Thanks Yota...At nothing better than the "Fat-Cats'' backin' your pay-roll...

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The price of oil is up, Gold went up, IMF, world Bank Loans .. Something is up.... Thats good for Adam I hate to see any man eat his Shorts, But a Man is only as GOOD as his WORD.  GO IRAQ   :bravo:

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WOOOOO HOOOOOO!!!!!!!

again deb, thanks very nice of you to say to me when i arrive

thank you :eyebrows:

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Now, we have the World Bank and the IMF deeming Iraq to be Internationally Credit worthy, more great news.

We must be close to the Iraqi Currency being traded on the International market, thus an increase in the Exchange Rate .... :praying:

Let's hope .. But remember this is Iraq and things take time (weeks,months and more) and don't forget Ramadan is only a few short weeks away .. But I'm with you ... Praying

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All the BIG players want to loan money to Iraq

IMF

WB

Citibank

Deutsche Bank

Maybe they know something we don't know.!!

Go Iraq

Go credit rating

Go loans

Go CBI

Go dinar

Go $1+

The month of June is looking promising ;)

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again deb, thanks very nice of you to say to me when i arrive

thank you :eyebrows:

Davis, what can I say? that's the effect you have on me.

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OMG, this sounds sooooo friction' fantastic.  lets gets this RV started.  woot, woot.  my bags are packed and have been collecting dust.  time to wipe them off and go scuba diving.

 

thanks for the post.  wonderful news to wake up to.

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Thanks YOTA,

 

                          Great news, Glad to see them moving forward and not stalled or bogged down in disagreement. They have come far this year alone and its a shame they couldn't do it this when oil was over $100.00 a barrel.   :cigar:  

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