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Abdul-Mahdi: Iraq seeks to put government treasury bonds in the international markets in the face of market volatility
21.6.2015
{Baghdad: Euphrates News} Oil Minister Adel Abdul-Mahdi said "Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. And seeking a BB rating or more in credit rating."
Said Abdul-Mahdi said in a statement received by the agency {Euphrates News} a copy of it today, "in the past week took place in Istanbul intensive meetings with two of the three for" credit rating "{" Fitch "and" Moody "} global institutions .. No third contribute to an" Standard & Poor's, "{which lowered the credit rating of the United States in 2011 from AAA grade to grade + AA} .. and three of the top international banks and is" Citibank "and" JP Morgan "and" Deutsche Bank ", all of that on the one hand .. It is the Iraqi ministers of finance and planning, oil and central bank governor and deputy national security adviser, as well as senior advisers and experts, lawyers for the parties involved. The objective assessment credit situation of Iraq, which is the "Unclassified" {NR, Not publicly rated}, and this is less so from lower grades D .. The highest grades are AAA. The higher the "Category" ahead whenever facilitated transactions rose admissibility and dropped interest rates, and vice versa .. especially that Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. Egypt for example classified BB, and Iraq is seeking to get that rating or more. "
He continued, "that Iraq missed for a long time for global markets, and led the wars and internal situation conflicting long to the collapse of the financial and economic reputation, especially after the accumulated debt and devastated the economic structure, and become a country totally dependent on oil .. so the meetings were the necessity to seek the restoration of this situation. "
and he finished Abdul-Mahdi, said, "There is no doubt that the most serious threat any country is drowning in debt .. But what is more dangerous than that to get the country economic infertility and stop the development process, It starts producing increasing rates of poverty, ignorance, underdevelopment and unemployment. Although the mobilization process development and launch of internships, but this process will remain Off and truncated without markets and relationships and global transactions .. and the world today -_khasossa in the financial buildings and-economic is a world structured, ie it controls the phenomenon and hidden, the senior interests and states play Adora essential. The decisions in these forums, in spite of all that is in them from the figures, information and professional, but also the decisions of the interests and impressions wrong and not necessarily an objective and fair decisions. "
He concluded by saying, "In any case, does not reflect the religion itself for malfunction as long as invested in the areas of development, investment and infrastructure or social services that develop human resources and population, and as long as there is a check on the payment. The United States is one of the greatest economies, is also the largest debtor country in the world .. They and other major countries, all of the city, occupies the highest rates of "Category" global. So it was to give the International Monetary Fund for Iraq in 2004 "loan crisis", evidence of Iraq efficiency in the payment of its debts, it infers the states and institutions in dealing with Iraq, which was a key step in the "Paris Club" negotiations to get the greatest reduction obtained by the average country income such as Iraq, ie 80-90% of the total debt of $ 120-130 billion. Therefore it boasts top international companies got high as loans, as a sign of confidence by the banks and their ability to repay and invest the money in growing areas ".anthy
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21.6.2015
{Baghdad: Euphrates News} Oil Minister Adel Abdul-Mahdi said "Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. And seeking a BB rating or more in credit rating."
Said Abdul-Mahdi said in a statement received by the agency {Euphrates News} a copy of it today, "in the past week took place in Istanbul intensive meetings with two of the three for" credit rating "{" Fitch "and" Moody "} global institutions .. No third contribute to an" Standard & Poor's, "{which lowered the credit rating of the United States in 2011 from AAA grade to grade + AA} .. and three of the top international banks and is" Citibank "and" JP Morgan "and" Deutsche Bank ", all of that on the one hand .. It is the Iraqi ministers of finance and planning, oil and central bank governor and deputy national security adviser, as well as senior advisers and experts, lawyers for the parties involved. The objective assessment credit situation of Iraq, which is the "Unclassified" {NR, Not publicly rated}, and this is less so from lower grades D .. The highest grades are AAA. The higher the "Category" ahead whenever facilitated transactions rose admissibility and dropped interest rates, and vice versa .. especially that Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. Egypt for example classified BB, and Iraq is seeking to get that rating or more. "
He continued, "that Iraq missed for a long time for global markets, and led the wars and internal situation conflicting long to the collapse of the financial and economic reputation, especially after the accumulated debt and devastated the economic structure, and become a country totally dependent on oil .. so the meetings were the necessity to seek the restoration of this situation. "
and he finished Abdul-Mahdi, said, "There is no doubt that the most serious threat any country is drowning in debt .. But what is more dangerous than that to get the country economic infertility and stop the development process, It starts producing increasing rates of poverty, ignorance, underdevelopment and unemployment. Although the mobilization process development and launch of internships, but this process will remain Off and truncated without markets and relationships and global transactions .. and the world today -_khasossa in the financial buildings and-economic is a world structured, ie it controls the phenomenon and hidden, the senior interests and states play Adora essential. The decisions in these forums, in spite of all that is in them from the figures, information and professional, but also the decisions of the interests and impressions wrong and not necessarily an objective and fair decisions. "
He concluded by saying, "In any case, does not reflect the religion itself for malfunction as long as invested in the areas of development, investment and infrastructure or social services that develop human resources and population, and as long as there is a check on the payment. The United States is one of the greatest economies, is also the largest debtor country in the world .. They and other major countries, all of the city, occupies the highest rates of "Category" global. So it was to give the International Monetary Fund for Iraq in 2004 "loan crisis", evidence of Iraq efficiency in the payment of its debts, it infers the states and institutions in dealing with Iraq, which was a key step in the "Paris Club" negotiations to get the greatest reduction obtained by the average country income such as Iraq, ie 80-90% of the total debt of $ 120-130 billion. Therefore it boasts top international companies got high as loans, as a sign of confidence by the banks and their ability to repay and invest the money in growing areas ".anthy
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