Shaways looking with British bank “official securing soft loans to ease the burden on the budget.”

Shaways looking with British bank “official securing soft loans to ease the burden on the budget.”

Monday, November 10  / November 2014 17:12

Shaways looking with British bank official securing soft loans to ease the burden on the budget[Baghdad-where]

Search Deputy Prime Minister Nuri Shaways example, has typically Chairman of the State Economic Commission in Baghdad today with Dennis Flannery official City Bank branch in Iraq, the British bank’s activities and prospects of joint cooperation with the new government in the areas of support for the banking sector.

A statement by the Office of the Deputy Prime Minister received by all of Iraq [where] a copy of it, the two sides also discussed the possibilities of study securing soft loans to some large projects to ease the burden on the Iraqi annual budgets. ”

The statement added that “the two sides addressed the general political situation in Iraq and the issue of the fight against terrorism and respond to the government’s efforts in this area the last of the army and the Peshmerga forces and popular crowd in various cutters operations and victories, the marked improvement which is reflected positively on the general atmosphere of economic and developmental activities.”

He Shaways official British bank, according to the statement that “the government is serious in continuing in this area and in the creation of political stability, which provides suitable for global companies and the local private sector work environment.”

The City Bank branch was opened in Baghdad after the Iraqi Central Bank approval on it last year, said former US ambassador [Stephen Beecroft in held Incidentally ceremony that “American companies, such as Citibank, offer a tremendous commitment to Iraq and skyrocket companies bring head Money and experience the world’s leading technology, management and financing of innovative practices. It is adding they also bring the highest international standards of corporate governance, and the training of the work force and social responsibility for companies and communication for the global economy. According to him

Luca Net Iraqi government had earlier warned of the lack of financial liquidity may portend the future to bankrupt the state treasury with the decline in world oil prices, according to what he said Oil Minister Adel Abdul-Mahdi.

The Intergovernmental Economic Commission announced last Thursday to take many of the economic and financial decisions that will boost the economy, investment and development forward for the service of the public interest “. Without that describes what these decisions and nature.

As Finance Minister Hoshyar Zebari said, “There are several proposals, including the agreement with the central bank to reduce the reserve to 7 instead of 15% and a Trade Bank of Iraq to grant the Ministry of Finance loan $ 3 billion and the issuance of securities, which means that the fiscal deficit by about 5 trillion dinars,” pointing At the same time, “there was a real crisis in the financial liquidity but to call an end to bankruptcy in the presence of about $ 77 billion financial reserve at the central bank have not been touched,” .anthy