Abadi Office: America will support Iraq through the International Monetary Fund and the World Bank

[Theseus]

On 2/20/2017 at 10:25 AM, ladyGrace'sDaddy said:

So there is a schedule. And it seems that schedule is coming to an end. 

All schedules have an alpha and omega, a beginning and an end. It seems as though sometimes the middle is the longest it ever was.

 

[DWS112]

Sabri: America pledged to support Iraq's partnership with the International Monetary Fund and the World Bank  March 24 2017

A  spokesman for the Iraqi Prime Minister Saad al-Hadithi, the United States pledged on the tongue of its president, Donald Trump is seeking to strengthen the partnership between Iraq and the International Monetary Fund and the World Bank, as well as the Group of Seven major industrialized nations to help the Baghdad government to overcome the negative the financial crisis through which Iraq Antiquities as a result of the decline in world oil prices and support in dealing with the terrorist remnants Daesh in the liberated areas of it and to restore stability, as well as providing advice and expertise specialized Iraqi cadres of government reform.

 

A newborn in a special Mrbd permit, that Ebadi received promises from the US government during his visit to Washington last Monday confirming as well as its efforts to help Iraq through standby credit, which had previously last year, the country signed with the International Monetary Fund, in addition to providing financial facilities during the coming period to undertake projects partnership with the private sector and the creation of an international investment opportunities contribute to the revitalization of the labor market in Iraq and provide job opportunities for its citizens.

 

The Prime Minister Haider al-Abadi, arrived Thursday to Baghdad after the conclusion of his visit to Washington, which left them last Monday at the invitation of US President Donald Trump, during which he met many of the American officials.

[tigergorzow]

DWS112 Thanks,  Progress is being made full speed ahead to the RV / RI of the IQD...

[ChuckFinley]

I am liking the way that sounds.  

[ChuckFinley]

Love the Talking Heads. Good stuff Theseus, loving it. How did get here -------------------------The DDDDDDDDDDDDinarrrrrrrrrrrrr.

[Half Crazy Runner]

6 hours ago, Theseus said:

All schedules have an alpha and omega, a beginning and an end. It seems as though sometimes the middle is the longest it ever was.

 

Love this song. It's on my running playlist 

[yota691]

Iraq on the brink of Alavlass..oaovernmh looming ambitious program

economy

 Since 03.25.2017 at 11:36 (Baghdad time)

Baghdad balances News

Experts and specialists warned in the economic affairs of Iraq's declaration of bankruptcy over the next ten years if the survival of its dependence on external borrowing to bridge the domestic spending deficit, stressing that the continuation of the policy of the government borrowing without resorting to solutions that do the productive sectors will push the country into the abyss.

And rely Iraqi budget by about 93% on the income earned from crude oil and its derivatives, while sales in the form of taxes and other sectors only 7% of the sources of financing the budget.

And see world oil prices unstable and without the level of ambition in spite of the positive results of the OPEC agreement, which led to making the economics of oil-dependent countries, including Iraq, is not stable.

He says economist Adel Mandalawi, that external borrowing policy will push the country into the abyss.

Mandalawi said, that the government continues this policy without the presence of viable solutions that could help expand the resources of the state, it will announce the bankruptcy over the next ten years and will pay the price for generations to come flopping happening in the economic policy of the country.

Finance Committee member Massoud Rostam, said for his part that the oil wealth of Iraq has considerable human and capabilities not exploited properly.

Haider said in a press statement, said the financial loans of great economic Tbaat because of the benefits incurred by the donor countries, and will have a negative effect on the Iraqi economy in the long term, stressing that Iraq is able to manage the financial side is get it out of financial distress.

The Finance Committee member Ahmed Haji, has warned of the possibility of the inability of the Iraqi government to repay the debt Bzmtha of international organizations and the countries that borrowed Iraq in the coming years.

The head of the IMF Mission for Iraq's Christian coconut, revealed earlier in the height of Iraq's debt by 64% during 2014 to 2016, in what was described loans at state banks as "troubled."

As a member of the parliamentary finance committee Sarhan Ohamd, detect withdraw the government about $ 40 billion of Iraqi cash reserves.

Saying that the cash reserves of hard currency dropped to half.

The International Monetary Fund has warned of the continuing decrease in size of the monetary reserves of hard currency at the Central Bank of Iraq because it will affect the Iraqi economy in general and in particular the dinar.

The cash reserve for any Bld, safety valve, which provides state-of hard currency for trading and import, as well as to provide financial cover in the event of state revenues did not meet in the cover Ahtaajatha, usually revenues derived from oil and natural resources, industrial or agricultural or Altjara, and other revenue production availability of funds for financial balance Alsnoah, and manipulation of this cash reserve or drag it may lead to a significant risk that can not be processed.

But the government's opinion last spokesman for Prime Minister Saad al-Hadithi Office, said it has confirmed four years or the next five will see the advancement of the Iraqi economy by adopting a rational economic policy of retrenchment and orientation towards the diversification of a variety of income sources through the development of "ambitious program", stressing in the same time that the loans obtained by Iraq will not shackle indebted the country and will not jeopardize the economy being very soft interest and repayment periods Taiwilh.anthy 29 / d 24