Moody's: Iraq's agreement with the International Monetary positive and reduce its budget problems

[yota691]

Moody's: Iraq's agreement with the International Monetary positive and reduce its budget problems

History of edits:: 14/7/2016 13:11 • 30 visits readable

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and Moody's credit rating agency said on Thursday unconditional worth $ 5.34 billion loan agreement with the International Monetary Fund will reduce the financial difficulties and balance of payments problems faced by Iraq.

The agency said in a statement that " a positive agreement of the credit because it will improve liquidity at a time of financial risks rise and those relating to the balance of payments." 
He added that " the agreement has been ratified by the International Monetary Fund last week has allowed Iraq to obtain additional international aid worth $ 15 billion over the next three years to support the economy , which has been affected by the fall in oil prices since mid - 2014 in addition to the charge of the battle being waged against the country Daash. "

[yota691]

Markets | Thu Jul 14, 2016 5:28am EDT

Related: BONDS, MARKETS

IMF deal will lower Iraq's fiscal, balance of payment challenges: Moody's

 

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A $5.34 billion standby agreement from the International Monetary Fund will lower Iraq's fiscal and balance of payment challenges, Moody's said on Thursday.

"The agreement is credit positive for Iraq because it will improve liquidity at a time of heightened fiscal and balance-of-payments risks," the rating agency said in a statement.

The deal, which the IMF's executive board approved last week, could unlock $15 billion more in international assistance over the next three years to help an economy hit by the plunge in oil prices since mid-2014 and a costly battle against Islamist militancy. (Reporting By Stephen Kalin; editing by John Stonestreet)

[yota691]

Moody's: IMF agreement will reduce the financial problems of Iraq

BAGHDAD, Arab New
July 14, 2016

 

Tunisia: Free Front critical of high indebtedness and the collapse of the dinar
She said the agency "Moody's" credit rating on Thursday, said that the conditional loan of $ 5.34 billion with the International Monetary Fund agreement, would limit the financial difficulties and balance of payments problems faced by Iraq.
It stressed the agency, in a statement, that "the agreement from a positive point of credit, because it will improve liquidity, at a time of rising financial risks and those related to the balance of payments."
It is expected to open the agreement, which was ratified by the International Monetary Fund , last week, the area of Iraq to obtain additional international aid worth $ 15 billion, over the next three years, to support the economy , which was severely affected by the erosion of oil prices in the global markets and the costs of the war on the organization of the "state Islamic "(Daash).
Iraq has suffered from a financial gap of $ 50 billion, over the next three years, according to previous statements by the Iraqi adviser to the Prime Minister for Financial Affairs, the appearance of Mohammed Saleh.

The Finance Minister of Iraq, Hoshyar Zebari, in a May 19 / May last, from reaching his country into an agreement for a loan under the demand worth $ 5.4 billion with the International Monetary Fund, may lead to the submission of additional international aid worth $ 15 billion in the next three years. It is scheduled to distribute the loan on the 13 slice, over three years, until June 2019.
According to analysts, the new loan will add further burden the living, in the coming period, through the rise in prices of essential commodities and the imposition of new taxes, against the backdrop of the government's approval on the conditions for granting the loan from the International Monetary Fund to cope with the country's financial crisis suffocating.
Economists said the new loans, according to the conditions they described as "humiliation", will adversely affect the economic and living conditions of the citizens with the beginning of the implementation of its provisions.
Iraq is facing  an economic crisis , as the government expects the fiscal deficit this year about $ 25 billion in the budget worth about $ 100 billion, due to lower oil prices more than 60% since mid - 2014, in addition to the cost of the war against the organization of the Islamic State, which controls large areas north and west of the country.

[nannab]

Good morning Yota.

[yota691]

 Moody's: "the International Monetary Agreement" supports Iraq's balance of payments

Moody's credit rating - the image of Reuters Arabian Eye

 , worth $ 5.34 billion, through the economic reform program of the government included measures to protect the poor, strengthening public financial management, and enhance the stability of the financial sector, and reduce corruption.arrange a reserve potential of Iraq for three years The Fund was approved in the first week of July to 

The agency noted in its report that a positive agreement of the credit, unexpected contribution to the improvement of liquidity, at a time when financial risks are generally higher and the balance of payments in particular.

Direct: Moody's credit rating agency said in a report on Thursday that the conditional loan for Iraq with the IMF agreement would limit the financial difficulties faced by the State, it supports the balance of payments of Iraq.

 July 14, 2016 13:34

  

[yota691]

 Moody's: IMF agreement would reduce the budget problems in Iraq

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Economy News / Baghdad ...       Agency} {Moody's credit rating on Thursday said that a conditional loan of $ 5.34 billion agreement with the International Monetary Fund will reduce the financial difficulties and balance of payments problems faced by Iraq. The agency said in a statement seen by "Economy News" Today "positive agreement of the credit because it will improve liquidity at a time of rising financial risks and those related to the balance of payments." The agreement has been ratified by the International Monetary Fund last week was Iraq allows for additional international aid worth $ 15 billion over the next three years to support the economy, which has been affected by the fall in oil prices since mid-2014 in addition to the charge of the battle being waged against the country Daash.     mm
Views 15   Date Added 14/07/2016 14:00 -   Last Updated 14/07/2016 - 14:58   No. Content 4319

 

[EagleEye]

thanks Yota !!!

 

JUST DO IT ALREADY IRAQ !!!

[Laid Back]

The agreement with the IMF will improve Iraq credit rating in the near future.

Go iraq

Go IMF 

Go agreement 

Go loans

Go credit rating 

[SnowGlobe7]

huggs to you laid back....big huggs!!!

[sandfly]

Thanks 

[yota691]

 

MODIS is a loan Monetary Fund positive for Iraq

Agency US: IMF loan eases the financial crisis in Iraq and believes lending twenty billion dollars

 

Author: HAA, HH 
Editor: BK, HH 14/7/2016 17:13 Number of Views: 1268 

 

Long-Presse / Baghdad

He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to "positive" for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.

The agency said the MODIS (Moody's) in a statement seen by (long-Presse), "The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments. "

The agency added that "the agreement ratified by the executive body of the International Monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation of the country's economy which was damaged fall in oil rates since mid-2014, as well as battles charged with being waged against al Daash. "

The financial advisor to the prime minister revealed the appearance of Mohammed Saleh, in (27 May 2016), for Iraq, for "financial umbrella" international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.

And Moody's (Moody's Corporation) is a holding company, founded by John Moody in 1909, owns Moody's service for investors Moody's Investors Service based economic research and financial analysis and evaluation of private and government in terms of financial institutions and credit strength, and controls nearly 40 percent of the assessment of credit market In the world.

 

 

[Laid Back]

On July 14, 2016 at 8:07 AM, SnowGlobe7 said:

huggs to you laid back....big huggs!!!

BIG hugs back two you SG7