Conscious/adviser the Iraqi Central Bank: Borrowing from the World Bank, should be brought to invest

[Adam Montana]

The central bank adviser expressed Mazhar Mohamed Saleh support for Iraq's

cooperation with global economic institutions and international isolation,

referring to the decision of the International Monetary Fund lends Iraq .

Mohammad said in a phone call with (The Iraqi News Agency (INA) That " after the

results of the international financial crisis hit economies The world to many

vibrations and the International Monetary Fund for the first time to lending Of

public budgets."

He clarified that " Iraq needs to Economic development In particular, the

operational budget dominated all anything consumption is 100 percent and narrow

investment in Iraq بسسبب the restriction placed on operational budget inherited

from previous regimes, and it needs to development of employment in the right

way and construction of electric power and ports and the responsibility of the

Ministry of Planning, " he said.

And that " the loan from the World Bank is very soft and the Total 3,7 billion

dollars to loans from Japan, interest and لاتتعدي 1 percent and consumption does

not exceed five years But the financial system in Iraq is in need of reform as

it is built on the basis of lack of transparency and the old Unhealthy and

therefore don't insist on The World Bank fund was to clarify the financial

management system by The Iraqi government to be transparent and clear

computers."

He added that " to build relations with global economic institutions anything

true and very dangerous , Pointing out that the Iraqi regime since 1977,

encouraged isolation with the international financial system And then we

started Some information on fund the World Bank and consultations In this area

was in 1988, and then a isolate Iraq and the impact of the current economic

situation."

With regard to the threat caused by the economies of states, he pointed out

the the Central Bank of Iraq that " the International Monetary Fund, in which

188 members of the اوهذا does not mean that the The world those Threatened

And the danger of this great Exaggerations in particular, where the Iraqi

wealth ولايخضع to Guardianship or International pressure and the possibilities

it needs international cooperation, international cooperation is its economy to

the dangers of لاتحمد Serious, emphasizing that there are real index is that

When the World Bank fund Give a loan means that this country with a future

and that its policies right and therefore we are in need of international

confidence over 30 years Suffering, expressing his belief that the

cooperation with the rest of the world is والوصايات a Reform Mandate the

financial regulations of the Iraqi economy in need of lending by the

International Fund, noting that in the case of lending from the World Bank is

supposed to Go to the fields of investment and development and to improve

Power stations because the country is now a dilemma Power is."

http://al-iraqnews.info/new/economic-news/54108.html

[racbluto]

There sitting on a pot of black gold and they still want loans from the IMF? Geese it is hard to understand why they can not or will not cash in on there natural wealth.

[Islandgirl7]

RV already and we can help you!!!