A meeting of the Finance and Economy Ministers to discuss the crisis in Iraq funds

[yota691]

A meeting of the Finance and Economy Ministers to discuss the crisis in Iraq funds

Wednesday 20-01-2016 | 5:21:26

 

 

 

 

 

EM

 

Twilight News / Ministry of Finance was held in coordination with the Committee on Economic Affairs, an expanded meeting on the evening of January 2015 20 examined the financial situation in Iraq.

 

The Finance Ministry said in a statement that the meeting was held "under the chairmanship of Finance Minister Hoshyar Zebari, and the presence of oil ministers, Planning and Agriculture and the Governor of the Central Bank and a number of members of the Committee in addition to a number of financial, economic and academic experts to discuss the financial situation in Iraq, and ways to address the economic and financial crisis through the implementation of urgent action conducive to maximizing the resources of the state to overcome the financial crisis of the 2016 budget. "

 

The statement that he "has formulate specific ideas carried out within the economic comprehensive framework for dealing with the immediate actions executable quickly as well as the formulation of economic and financial policies in the short and medium term, lead to the diversification of resources and reduce in the end dependence on oil as a key resource for the Iraqi economy, with an emphasis on the importance of harmony actions with existing mechanisms between Iraq and the IMF cooperation. "

 

[yota691]

Economic Commission of the Council of Ministers and the Finance Ministry are studying the development of economic plans

 

 

         

1/21/2016 0:00 

 BAGHDAD - morning 
examined the Economic Committee of the Council of Ministers with the Ministry of Finance plans a comprehensive economic policies to overcome the current financial crisis through which Iraq mechanisms. 
A statement issued by the Finance Minister Hoshyar Zebari said that the Office of the ministry was held in coordination with the Committee on Economic Affairs expanded meeting under the chairmanship of Finance Minister Hoshyar Zebari and the presence of oil ministers, Planning and Agriculture and the Governor of the Central Bank and financial experts and economists to discuss the financial situation in Iraq, and ways to address the economic and financial crisis through the implementation of urgent measures conducive to maximizing the resources of the state to overcome the financial crisis afflicting the budget 2016. 
The statement added that ideas specific to be implemented within the framework of comprehensive economic deals with measures real-time executable quickly, as well as the formulation of economic and financial policies in the short and medium term, lead to the diversification of resources and reduce at the end of dependence on oil as a key resource for the Iraqi economy, with an emphasis on the importance of harmonization of procedures with the existing cooperation between Iraq and the International Monetary Fund mechanisms .

[Gypsygirl11]

Thanks Yota - Lets see what comes of this.

[yota691]

Government: development of a comprehensive economic framework for the diversification of financial resources quickly

History of edits:: 2016/1/20 17:53 • 211 visits readable

[baghdad-where] 
the government announced a comprehensive economic framework for the diversification of financial resources quickly because of the continuing decline in oil prices and its impact on the state's resources.

A statement by the Ministry of Finance Agency has received all of Iraq [where] a copy of it, s Ministry of Finance was held in coordination with the Committee on Economic Affairs, an expanded meeting on Wednesday evening, chaired by Finance Minister Hoshyar Zebari, and the presence of oil ministers, Planning and Agriculture and the Governor of the Central Bank and a number of members of the committee in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq. 
"The Search assembled according to the statement" ways to address the economic and financial crisis through the implementation of urgent measures conducive to maximizing the resources of the state to overcome the financial crisis of the 2016 budget. 
"The statement pointed to" develop specific ideas implemented within a comprehensive framework of economic deals with procedures Wares executable quickly as well as the formulation of economic and financial policies in the short and medium term, lead to the diversification of resources and reduce in the end dependence on oil as a key resource for the Iraqi economy, with an emphasis on the importance of harmonization of procedures with the existing mechanisms between Iraq's cooperation and the International Monetary Fund. " . 
It is noteworthy that, oil prices are these days, a collapse remarkable which recorded the lowest level over the past 13 years since I arrived last Friday to $ 25 a barrel for a basket of crudes OPEC and less than $ 30 for Brent. 
The Office of the Prime Minister Haider al-Abadi, confirmed Friday the past, the government continues to search for sources of funding out of the economic crisis, including internal and external borrowing and taxation and activating the customs tariff and selling bonds, international and internal subscription and implementation of projects on credit. 
A spokesman for the Office Saad al-Hadithi's [where], "The government has drawn up plans in budget 2016 passed by the Parliament is to search for sources of financing be helping and assisting the oil sources, "noting that" the adoption of the budget on oil sources this stage is no longer feasible. 
"He said Sabri that" there are other options carried out by the Iraqi government by offering bonds or internal IPO or even the sale of international bonds and the implementation of some projects on credit payment system according to the specific percentages do not conflict with Iraq's economic future, ".anthy

[calkid11]

Thank you Yota

[unirod]

Iraq is rich in agriculture potential as well as phosphates(fertilizers), cement and precious metals of all types. One of the few countries on the planet with so much income potential and these experts know it. The IMF and WB know it too, so why do you think they are so interested in loaning Iraq $ ?

[blueskyline]

Thanks Yota. By the Looks of the picture on the first article . The faces of everyone including Zebari and Mahdi look as if they are at odds with each other . Almost as if they are not all will to work with one another . I would like to be wrong about that . But a Picture says 1000 words .................."with an emphasis on the importance of harmony actions with existing mechanisms between Iraq and the IMF cooperation. "

Read more: http://dinarvets.com/forums/index.php?/topic/214733-a-meeting-of-the-finance-and-economy-ministers-to-discuss-the-crisis-in-iraq-funds/#ixzz3xwixI3GR

Edited January 22, 2016 by blueskyline

[Officiallytook]

Yeah they just look tired to me like they need another vacation too much work in the recent day