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Kurdistan Alliance: World Bank loan would put particular strain on citizens and solve problems with Erbil provides greater amounts
02.07.2015
Baghdad
Counting the Kurdistan Alliance, on Thursday, the World Bank lending conditions in return for Iraq, "weights" to the shoulders of the Iraqi citizen, as he emphasized that the solution to the problems with Arbil, "will provide greater amounts of loan money."
The MP for the Kurdistan Alliance Birwan Khilani during a press conference held at the parliament building and attended (range Press), said that "current data and economic conditions experienced by the country and the government seeks to borrow $ 800 million from the World Bank in exchange for binding including the terms of an increase of electricity wages and other issues that will fall upon people, especially the people of the southern provinces ".
She Khilani, said that "there are repercussions and great effects to accept government conditions for the World Bank in exchange for the loan of it, and it was better for the government to solve oil problems with the region as soon as possible to resume the export of oil to avoid the conditions imposed in exchange for the loan," asserting that "those problems solution will save money and imports exceeds the value of you need the loan and the government would avoid the consequences of the Iraqi people and the effects of the harsh conditions of the World Bank. "
The Finance Minister Hoshyar Zebari search, on Wednesday, (the first of July 2015), 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 allocated part of it for the reconstruction of areas liberated from (Daash), he confirmed that the government will take remedial action 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 the stalled 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 repay domestic and foreign loans and domestic debt amortization payments, and amortization of Eurobonds, 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.
The International Monetary Fund forecast, in 03/21/2015, the high proportion of the budget deficit in 2015 to more than 12% 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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02.07.2015
Baghdad
Counting the Kurdistan Alliance, on Thursday, the World Bank lending conditions in return for Iraq, "weights" to the shoulders of the Iraqi citizen, as he emphasized that the solution to the problems with Arbil, "will provide greater amounts of loan money."
The MP for the Kurdistan Alliance Birwan Khilani during a press conference held at the parliament building and attended (range Press), said that "current data and economic conditions experienced by the country and the government seeks to borrow $ 800 million from the World Bank in exchange for binding including the terms of an increase of electricity wages and other issues that will fall upon people, especially the people of the southern provinces ".
She Khilani, said that "there are repercussions and great effects to accept government conditions for the World Bank in exchange for the loan of it, and it was better for the government to solve oil problems with the region as soon as possible to resume the export of oil to avoid the conditions imposed in exchange for the loan," asserting that "those problems solution will save money and imports exceeds the value of you need the loan and the government would avoid the consequences of the Iraqi people and the effects of the harsh conditions of the World Bank. "
The Finance Minister Hoshyar Zebari search, on Wednesday, (the first of July 2015), 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 allocated part of it for the reconstruction of areas liberated from (Daash), he confirmed that the government will take remedial action 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 the stalled 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 repay domestic and foreign loans and domestic debt amortization payments, and amortization of Eurobonds, 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.
The International Monetary Fund forecast, in 03/21/2015, the high proportion of the budget deficit in 2015 to more than 12% 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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