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Economist: Iraq to borrow from the World Bank entrance to balance the more sophisticated
Tue, 28 Apr two thousand and fifteen
BAGHDAD - Today's News / counting economist Maitham coffee, borrowing from the International Monetary Fund and the World Bank that it will increase the economic efficiency of Iraq by the resources and expenditure management, pointing out that those loans on concessional and long-term, but also calls for a long-term reforms. The coffee's "Today's News", "is no stranger to borrow Iraq from foreign countries or funds, banks and international federations, not necessarily located in the burden, but that borrowing is one of the important pathways that restore Iraq to the international economic community." He pointed to the coffee that "lower oil prices partially is to adjust the Iraqi economy from a new, because it throughout the period of the rule of al-Maliki was open financial constraint was able Iraq to escape from the grip of the World Bank terms and conditions of the International Monetary Fund," pointing out that "borrowing bring Iraq back to the financial Adjustment mode according to standards of the International Monetary Fund, such as reducing the budget deficit. " He explained that "this borrowing is input reformer to reduce the role of the state, because everything is increasing role of the state is increasing the deficit and increasing expenses, and thus would reduce the role of the state to give a greater role to the private sector", adding that "those loans came to address the deficit, but will link Iraq requirements it adhered to ". Coffee and that "those soft loans and long-term, but it also calls for a long-term reforms and Iraq are subject to high economic laws and this is part of the internal economic reform." He pointed out that coffee "in 2013 gave the International Monetary Fund and the degree of high-risk concerns that Iraq is falling in bankruptcy and deficit and actually achieved because Iraq has not committed to a long-term commitment to those reforms."On the possibility of availability of financial liquidity in the second half of this year between coffee, saying "I do not think there is a possibility to provide liquidity in the second half of this year, and there is still pressure for expenses and there is a search for solutions; but the solutions put forward short-term, but they Solutions hopes to return Oil for high prices, but I do not think that this is achieved throughout the year. " He Laibi hope that "oil prices do not go up to what it was, because the reform requires spending restraint and the search for alternative sources of revenue to stimulate the economy, and that the renovation of the private sector depends on adjusting public spending."
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Tue, 28 Apr two thousand and fifteen
BAGHDAD - Today's News / counting economist Maitham coffee, borrowing from the International Monetary Fund and the World Bank that it will increase the economic efficiency of Iraq by the resources and expenditure management, pointing out that those loans on concessional and long-term, but also calls for a long-term reforms. The coffee's "Today's News", "is no stranger to borrow Iraq from foreign countries or funds, banks and international federations, not necessarily located in the burden, but that borrowing is one of the important pathways that restore Iraq to the international economic community." He pointed to the coffee that "lower oil prices partially is to adjust the Iraqi economy from a new, because it throughout the period of the rule of al-Maliki was open financial constraint was able Iraq to escape from the grip of the World Bank terms and conditions of the International Monetary Fund," pointing out that "borrowing bring Iraq back to the financial Adjustment mode according to standards of the International Monetary Fund, such as reducing the budget deficit. " He explained that "this borrowing is input reformer to reduce the role of the state, because everything is increasing role of the state is increasing the deficit and increasing expenses, and thus would reduce the role of the state to give a greater role to the private sector", adding that "those loans came to address the deficit, but will link Iraq requirements it adhered to ". Coffee and that "those soft loans and long-term, but it also calls for a long-term reforms and Iraq are subject to high economic laws and this is part of the internal economic reform." He pointed out that coffee "in 2013 gave the International Monetary Fund and the degree of high-risk concerns that Iraq is falling in bankruptcy and deficit and actually achieved because Iraq has not committed to a long-term commitment to those reforms."On the possibility of availability of financial liquidity in the second half of this year between coffee, saying "I do not think there is a possibility to provide liquidity in the second half of this year, and there is still pressure for expenses and there is a search for solutions; but the solutions put forward short-term, but they Solutions hopes to return Oil for high prices, but I do not think that this is achieved throughout the year. " He Laibi hope that "oil prices do not go up to what it was, because the reform requires spending restraint and the search for alternative sources of revenue to stimulate the economy, and that the renovation of the private sector depends on adjusting public spending."
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