Divergence of views about the outlook for bankruptcy Iraq Monetary Fund within 5 years
Divergence of views about the outlook for bankruptcy Iraq Monetary Fund within 5 years
OCTOBER 30, 2015
BAGHDAD – just Shaima
Differing views about the health of the IMF forecast the bankruptcy of Iraq with other countries based in financing for oil less than 5 years, With Ed economist Majid Jawad Prince this view and said that the dependence on oil alone in the financing of the Iraqi economy will lead Iraq to bankruptcy inevitable, ruled out the economic and investment commission parliamentary member Harith al-Harthy, the possibility of such a thing, especially with Iraq directed towards reliance on investment. He said Prince (time) yesterday that (these weights is one of the Academy Scientific incorrect due to exposure Iraq shakes price and a decline in oil prices, especially since Iraq It depends with some countries mainly on oil resource president in finance economy, which was severely affected after the decline of oil prices in world markets to their lowest levels), adding that the (bankruptcy Iraq is unlikely soon in the event of its dependence on a single source of funding, especially in light of spending the sheer lack of imports and the lack of wise) economic policies. He pointed Prince to (the existence of serious studies in order to prevent access to bankruptcy is to move the other sectors such as agriculture, industry, trade and investment as well as to encourage the tourism sector to be the tools of the state could be used to promote the industry in the country and the increase in imports and not to resort to the withdrawal of the cash reserves and lending countries), adding that (such measures will prevent the occurrence of bankruptcy). The International Monetary Fund may likely bankruptcy of both Iraq and Saudi Arabia, Libya and some Middle East countries after less than five years because of falling oil prices, pointing to the adoption of some other countries, such as Kuwait, Qatar and the United Arab Emirates on the other resources after the lower crude price by half in less than Public . The report said that (a large deficit emerged in Iraq, Iran, Oman, Algeria, Saudi Arabia, Bahrain, Libya and Yemen budgets This means that these countries did not work to diversify their sources of income or not Tstdn and thus will not have in its possession any money after less than 5 years), explaining that (Iran managed to survive because of its heavy reliance on oil, unlike Libya and Yemen) .osnf report (Iraq, Libya and Yemen as fragile states because of regional conflicts and this has led to a decline in gross domestic our per- and high inflation) rate, stressing that (the need to adapt the Petroleum Exporting Countries with low) oil prices. For his part, ruled out of the economic and investment commission parliamentary member Harith al-Harthy bankruptcy Iraq after less than 5 years. He said that the (Iraq is heading to rely on investment instead of oil, after the vote on the amendment of the Investment Law will be available real opportunities Estmaria), adding that the (amendment of the Investment Law aims to rely on investment instead of oil in the coming budgets). He added that Al-Harthy (this is just speculation and did not know the unseen but Allah). On the other hand, the United Nations has offered to Iraq to help him rebuild his money stolen and smuggled to Aforeig.oukal Integrity Commission said in a statement that the (UN envoy to Iraq, Jan Kubis offer assistance to recover funds smuggled), pointing out that (the United Nations supports the steps the last body in the fight against Corruption). The head of the body Hassan al-Yassiri had called the day before yesterday regulators to control the executive branch, pointing out (not the body’s ability to confront the scourge of corruption).
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