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BondLady & Tlm724 News & Comments 7-8-16
IMF gives Iraq $ 5.3 billion
08/07/2016 10:10 |Direction Press The IMF agreed to give Iraq a line of credit worth $ 5.3 billion to help the country overcome the financial crisis faced due to the deterioration of oil prices and the war being waged against the terrorist organization Daash.
The fund said in a statement that "the Iraqi government will get the case on the first loan of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan that stretches over three years."
The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying that "the Iraqi economy has suffered severely from the double trauma of the attacks Daash sharp decline in oil prices."
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BondLady & Tlm724 News & Comments 7-8-16
IMF gives Iraq $ 5.3 billion
08/07/2016 10:10 |Direction Press The IMF agreed to give Iraq a line of credit worth $ 5.3 billion to help the country overcome the financial crisis faced due to the deterioration of oil prices and the war being waged against the terrorist organization Daash.
The fund said in a statement that "the Iraqi government will get the case on the first loan of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan that stretches over three years."
The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying that "the Iraqi economy has suffered severely from the double trauma of the attacks Daash sharp decline in oil prices."
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Fund expressed in his statement expressed concern over the arrears, especially the "big" accumulated on Baghdad, which is struggling to meet its financial obligations.
The fund was granted in Baghdad in July 2015 a loan of 1.2 billion dollars to help the advancement of the public own finances.
http://ift.tt/29obDL1
[tlm724] here's the official press release from yesterday
IMF Executive Board Approves US$5.34 billion Stand-By Arrangement for Iraq
Press Release No. 16/321 July 7, 2016
http://ift.tt/29nairC
July 8, 2016 IMF grants Iraq's line of credit worth $ 5.3 billion
BAGHDAD - A Journal The IMF approved, to grant Iraq credit line worth 5.3 billion dollars to help the country overcome the financial crisis faced due to the deterioration of oil prices and the war being waged against al Daash.
The fund said in a statement received (Il Giornale) a copy of it, "The Iraqi government will get the case on the first loan of $ 634 million, while it must implement economic reforms series for the rest of the installments of this assistance plan that stretches over three years."
The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying that "the Iraqi economy has suffered severely from the double shock caused by the sharp decline Daash organize attacks in oil prices."
Fund expressed in his statement expressed concern over the arrears, especially the "big" accumulated on Baghdad, which is struggling to meet its financial obligations.
The fund was granted in Baghdad in July 2015 a loan of $ 1.2 billion to help the advancement of its own finances LINK
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Parliamentary Finance calls to speed up the implementation of borrowing to deal with economic crisis
08/07/2016 01:01 | Direction Press Called on the parliamentary finance committee member, on Friday, the government to speed up the implementation of borrowing to tackle the economic crisis.
He said Sirhan Ahmed in a press statement: "We as a Chraeih we voted on the financial budget for the year 2016 when we noticed that there is a budget deficit of about 24 trillion Iraqi dinars, the voting has been on several points to address this situation, including that the government borrowing from the International Monetary Fund in order to be address this shortfall in the budget. "
Ahmed added we are facing a fiscal deficit and the borrowing required to Iraq can address this situation, adding that "the road is open and arrangements exist and the Finance Ministry has the right to borrow from the International Monetary Fund and the government to speed up the implementation of these paragraphs, to allow addressing the economic crisis."
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years. http://ift.tt/29nayXE;
The fund was granted in Baghdad in July 2015 a loan of 1.2 billion dollars to help the advancement of the public own finances.
http://ift.tt/29obDL1
[tlm724] here's the official press release from yesterday
IMF Executive Board Approves US$5.34 billion Stand-By Arrangement for Iraq
Press Release No. 16/321 July 7, 2016
http://ift.tt/29nairC
July 8, 2016 IMF grants Iraq's line of credit worth $ 5.3 billion
BAGHDAD - A Journal The IMF approved, to grant Iraq credit line worth 5.3 billion dollars to help the country overcome the financial crisis faced due to the deterioration of oil prices and the war being waged against al Daash.
The fund said in a statement received (Il Giornale) a copy of it, "The Iraqi government will get the case on the first loan of $ 634 million, while it must implement economic reforms series for the rest of the installments of this assistance plan that stretches over three years."
The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying that "the Iraqi economy has suffered severely from the double shock caused by the sharp decline Daash organize attacks in oil prices."
Fund expressed in his statement expressed concern over the arrears, especially the "big" accumulated on Baghdad, which is struggling to meet its financial obligations.
The fund was granted in Baghdad in July 2015 a loan of $ 1.2 billion to help the advancement of its own finances LINK
~~~~~~~~~~~~~~~~~~~
Parliamentary Finance calls to speed up the implementation of borrowing to deal with economic crisis
08/07/2016 01:01 | Direction Press Called on the parliamentary finance committee member, on Friday, the government to speed up the implementation of borrowing to tackle the economic crisis.
He said Sirhan Ahmed in a press statement: "We as a Chraeih we voted on the financial budget for the year 2016 when we noticed that there is a budget deficit of about 24 trillion Iraqi dinars, the voting has been on several points to address this situation, including that the government borrowing from the International Monetary Fund in order to be address this shortfall in the budget. "
Ahmed added we are facing a fiscal deficit and the borrowing required to Iraq can address this situation, adding that "the road is open and arrangements exist and the Finance Ministry has the right to borrow from the International Monetary Fund and the government to speed up the implementation of these paragraphs, to allow addressing the economic crisis."
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years. http://ift.tt/29nayXE;
tlm724: In the parliamentary Finance member calls to speed up the implementation of borrowing to deal with economic crisis
History of edits:: 08.07.2016 11:54 • 242 visits
[Where - special] called on the parliamentary finance committee member, on Friday, the government to speed up the implementation of borrowing to tackle the economic crisis.
He said Sirhan Ahmed told all of Iraq [where] "We as a Chraeih we voted on the financial budget for the year 2016 when we noticed that there is a budget deficit of about 24 trillion Iraqi dinars, the voting has been on several points to address this situation, including that the government borrowing from the IMF international order to address this shortfall in the budget. "
Ahmed added we are facing a fiscal deficit and the borrowing required to Iraq can address this situation, adding that" the road is open and arrangements exist and the Finance Ministry has the right to borrow from the international Monetary Fund and the government to speed up the implementation of these paragraphs be possible to tackle the economic crisis. "
The Iraq passes a financial crisis due to falling oil prices , which constitutes 90% of the public budget is paid to borrow from the international Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years.
http://ift.tt/29ob8Rc
http://ift.tt/29naaII
History of edits:: 08.07.2016 11:54 • 242 visits
[Where - special] called on the parliamentary finance committee member, on Friday, the government to speed up the implementation of borrowing to tackle the economic crisis.
He said Sirhan Ahmed told all of Iraq [where] "We as a Chraeih we voted on the financial budget for the year 2016 when we noticed that there is a budget deficit of about 24 trillion Iraqi dinars, the voting has been on several points to address this situation, including that the government borrowing from the IMF international order to address this shortfall in the budget. "
Ahmed added we are facing a fiscal deficit and the borrowing required to Iraq can address this situation, adding that" the road is open and arrangements exist and the Finance Ministry has the right to borrow from the international Monetary Fund and the government to speed up the implementation of these paragraphs be possible to tackle the economic crisis. "
The Iraq passes a financial crisis due to falling oil prices , which constitutes 90% of the public budget is paid to borrow from the international Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years.
http://ift.tt/29ob8Rc
http://ift.tt/29naaII
via Dinar Recaps - Our Blog http://ift.tt/29obyHi
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