Parliamentary Finance: Government awaiting Altnivh authority to borrow from the IMF and World Bank

[yota691]

Parliamentary Finance: Government awaiting Altnivh authority to borrow from the IMF and World Bank

Economy and Tenders

 Since 01/21/2016 18:16 pm (Baghdad time)

Special - scales News

Said the parliamentary finance committee member Ahmed Sarhan, on Thursday, that the government was waiting for Atidah power on borrowing from the World Bank and the International Monetary Fund and the Islamic banks to get out of the economic crisis of the country.

He said Sirhan's / scales News /, that "the parliament voted to borrow Law of the World Bank and the International Monetary Fund and Islamic banks several months ago," revealing at the same time that "the government pending the Finance Minister and the Prime Minister Haider al-Abadi for the implementation of this law."

He said a member of the parliamentary finance committee, said that "the reason for the decline in the country's economy is corruption", calling on the government to "fight against corruption and the corrupt for the advancement of the country's economy."

This "stressed the economic expert on behalf of Antoine's / scales News /, earlier, the federal government has made borrowing only way to bridge the fiscal deficit for next year," .anthy 29/34 R.

[Boozer]

All things falling into place  imf.org/external/pubs/ft/scr/2016/cr1611.pdf   try page 11-12 # 19 and 20.. then page 29-30 # 18and #19

Edited January 21, 2016 by Boozer

[WheresmyRV?]

How many loans do they have out now? This is getting ridiculous! 

[calkid11]

Thank you Yota

[yota691]

Abadi looking activating the role of international organizations to overcome the economic crisis in the country

Economy and Tenders

 Since 01/22/2016 15:36 pm (Baghdad time)

Baghdad scales News

He met with Prime Minister Haider al-Abadi, on Friday, the founder of the World Economic Forum in Davos, Mr. Klaus Schwab.

Ebadi said Office in a statement received / scales News / copy of it, he was "The meeting discussed activating the role of international organizations in finding ways to overcome the financial and economic challenges facing the country and encourage investment and the steps taken by the Government in this regard in addition to the situation in the region" .anthy 29 / D 24

[Synopsis]

Thank You, Yota!

 

In the photo above, looks like they are discussing the formal dinner protocol for the upcoming evening dinner.

 

If Iraq gets loans for, say, 2 billion USD and gets back the, say, 200 billion USD in the near future, will they pay the loan off and shoot their credit rating through the roof?

 

If also ISIS is squashed like bugs, the Turkish and Iranian troops/militias return to their respective countries, Iraqi society shows stability, and the few remaining key laws are passed and implemented by the functional Iraqi Government, then I think Iraq's credit rating by all three agencies will be attractive and the event we have been waiting for will occur.  I think this will likely be sooner rather than later.