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Zebari discuss with the World Bank providing a loan of more than a billion dollars to the liberated areas and reconstruction of Umm Qasr
7/1/2015
Search Finance Minister Hoshyar Zebari, on Wednesday, with the Director of the Iraq Programme and the World Bank team line and programs of the bank to provide a loan for Iraq, and with the ministry showed that the loan would be worth more than a billion dollars specializes in part for the reconstruction of the liberated areas of (Daash), confirmed that the government It will take remedial action to avoid waste and save money. The Finance Ministry said in a statement received (range Press), a copy of "Finance Minister Hoshyar Zebari search today, with Mr. Robert existence Director of the Iraq Programme and the World Bank team of experts and specialists in the economy and implementation of development programs, which included Mr. Auguste Kwame and Mr. Eric Aborn and Ms. Siebel Kolokza plans and programs of the bank to provide a loan to Iraq for humanitarian and development aid and proposed. "
The statement added that "due to the World Bank offers a loan of $ 1.7 billion, of which US $ billion as financing development policy loan (DPL) and $ 350 million for reconstruction and stability to the liberated areas of Daash and $ 350 million for a project of Umm Qasr by - Basra" .
The statement continued that "the government will take a series of reform measures of the economy in the number of facilities to avoid wastage and the rationalization of expenditure."
The Parliamentary Finance Committee confirmed, in the April 30, 2015, they are passed to the government borrowing to fill the budget deficit and meet the necessary requirements under the state of war with "terrorism", and as pointed out that Iraq will receive a value of three billion and 400 million dollars of IMF loans and the World Bank, revealed a tendency to privatize Almtovqh government projects are viewing investment.
The World Bank has revealed, in the April 29, 2015, his quest for financing development projects in the areas of restored Iraqi forces from militants (Daash), returned to economic growth as an important part of the solution to political problems "plagued the region."
The estimated funding sources in Article III of the budget bill for 2015 of $ 6,168,040,000 dinars, this amount is used to cover the budget deficit and pay premiums internal and external loans and turn off the internal debt, and extinguish the euro bonds, and extinguish religion's central bank bonds.
Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.
International Monetary Fund forecast, in 21/03/2015, high budget deficit in 2015 to more than the 12 percent rate announced by the government, to "significantly higher levels", because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, also assume the budget, it proposed the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year
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7/1/2015
Search Finance Minister Hoshyar Zebari, on Wednesday, with the Director of the Iraq Programme and the World Bank team line and programs of the bank to provide a loan for Iraq, and with the ministry showed that the loan would be worth more than a billion dollars specializes in part for the reconstruction of the liberated areas of (Daash), confirmed that the government It will take remedial action to avoid waste and save money. The Finance Ministry said in a statement received (range Press), a copy of "Finance Minister Hoshyar Zebari search today, with Mr. Robert existence Director of the Iraq Programme and the World Bank team of experts and specialists in the economy and implementation of development programs, which included Mr. Auguste Kwame and Mr. Eric Aborn and Ms. Siebel Kolokza plans and programs of the bank to provide a loan to Iraq for humanitarian and development aid and proposed. "
The statement added that "due to the World Bank offers a loan of $ 1.7 billion, of which US $ billion as financing development policy loan (DPL) and $ 350 million for reconstruction and stability to the liberated areas of Daash and $ 350 million for a project of Umm Qasr by - Basra" .
The statement continued that "the government will take a series of reform measures of the economy in the number of facilities to avoid wastage and the rationalization of expenditure."
The Parliamentary Finance Committee confirmed, in the April 30, 2015, they are passed to the government borrowing to fill the budget deficit and meet the necessary requirements under the state of war with "terrorism", and as pointed out that Iraq will receive a value of three billion and 400 million dollars of IMF loans and the World Bank, revealed a tendency to privatize Almtovqh government projects are viewing investment.
The World Bank has revealed, in the April 29, 2015, his quest for financing development projects in the areas of restored Iraqi forces from militants (Daash), returned to economic growth as an important part of the solution to political problems "plagued the region."
The estimated funding sources in Article III of the budget bill for 2015 of $ 6,168,040,000 dinars, this amount is used to cover the budget deficit and pay premiums internal and external loans and turn off the internal debt, and extinguish the euro bonds, and extinguish religion's central bank bonds.
Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.
International Monetary Fund forecast, in 21/03/2015, high budget deficit in 2015 to more than the 12 percent rate announced by the government, to "significantly higher levels", because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, also assume the budget, it proposed the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year
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