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Zebari: Iraq decided to issue international bonds worth $ 5 billion
16/04/2015
BAGHDAD / Almusdrnilloz / .. Finance Minister Hoshyar Zebari, Iraq decided to international bond issue worth five billion dollars and is negotiating the terms in an effort to ease the pressure on government finances and the resulting drop in oil prices.
Zebari said in an interview with a group of reporters in Washington: "We negotiate on that with Citibank and Deutsche Bank ... we meet with them here in Washington, and we have a green light from the government that we need yoke."
Zebari declined to disclose the maturity period or proceeds being negotiated bonds.
Zebari said that the government is facing a deficit of $ 25 billion in the current year's budget, which amounts to almost $ 100 billion, adding that the budget for 2015 are based on an oil price of $ 56 a barrel.
Zebari said Iraq is also considering a request emergency funding ranging from 400 million to 700 million dollars from the IMF Ata.anthy / p
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16/04/2015
BAGHDAD / Almusdrnilloz / .. Finance Minister Hoshyar Zebari, Iraq decided to international bond issue worth five billion dollars and is negotiating the terms in an effort to ease the pressure on government finances and the resulting drop in oil prices.
Zebari said in an interview with a group of reporters in Washington: "We negotiate on that with Citibank and Deutsche Bank ... we meet with them here in Washington, and we have a green light from the government that we need yoke."
Zebari declined to disclose the maturity period or proceeds being negotiated bonds.
Zebari said that the government is facing a deficit of $ 25 billion in the current year's budget, which amounts to almost $ 100 billion, adding that the budget for 2015 are based on an oil price of $ 56 a barrel.
Zebari said Iraq is also considering a request emergency funding ranging from 400 million to 700 million dollars from the IMF Ata.anthy / p
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