Posts Tagged ‘International Monetary Fund’

Parliamentary economy stresses: Iraq is not bankrupt

Parliamentary economy stresses: Iraq is not bankrupt

01/03/2015 09:54 GMT

Follow-up – and babysit – The Commission on Economy and Investment parliamentary member Nora Salem, on Sunday that Iraq is not financially bankrupt, and that the government could borrow internally and externally to face financial distress.
Salem said that “the decline in the sale of oil prices certainly have had significant negative repercussions on the financial and economic situation of the country, but this does not mean that Iraq is bankrupt and can Read more…

Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

02/17/2015

BAGHDAD / JD / .. is heading the Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014.
A number of experts and specialists in the financial and economic affairs central bank’s move Read more…

Magda Tamimi: the real budget deficit 50 trillion dinars and Kurds objected to the reduction in the price of oil

Magda Tamimi: the real budget deficit 50 trillion dinars and Kurds objected to the reduction in the price of oil

Saturday, 31 / January 2015 16:10

[Baghdad-where]

Said a member of the parliamentary finance committee Majida al-Tamimi, said that “the real deficit in the fiscal budget for 2015, up to 50 trillion dinars.”

She Tamimi told all of Iraq [where] that “in the budget deficit is 25 trillion a scheme deficit and not the real deficit up to 50 trillion dinars, but we put alternatives to fill this deficit, including the national savings from state employees substance right government borrowing from TBI [ TBI] and external borrowing from the Bank and the International Monetary Fund. ” Read more…

IMF gives himself six months to repair his system

IMF gives himself six months to repair his system

01/29/2015 10:47 GMT

Agencies – Select International Monetary Fund for himself, on Wednesday, has until June to get around opposition from the United States to repair restores balance to the enterprise business system in favor of emerging countries. The implementation of this reform, which provides for doubling the Permanent Fund resources and the redistribution of representation, collide in more than two years to reject the US Congress concluded.
This raises the dilemma facing criticism from many quarters, particularly Read more…

Iraq plans to borrow two billion dollars from the International Monetary Fund

Iraq plans to borrow two billion dollars from the International Monetary Fund

01/19/2015

BAGHDAD / JD / .. The Iraqi government plans to borrow two billion dollars from the International Monetary Fund in order to bridge the fiscal deficit in the budget of 2015.
A member of the Finance Committee MP Ali Mohammed told / BD /: “There are ongoing negotiations between the parliamentary finance committee and the competent authority in the BSA with the International Monetary Fund to borrow two billion dollars to bridge the budget deficit, noting that there are preliminary approval Read more…

The International Monetary Fund lowered its forecast for global economic growth

The International Monetary Fund lowered its forecast for global economic growth

01/20/2015 06:56 GMT

Agencies – International Monetary Fund cut its forecast on Tuesday for global economic growth for 2015 and called on governments and central banks to pursue policies to facilitate monetary and structural reforms to support growth.
The IMF said in its latest World Economic Outlook that global growth is expected to reach 3.5 percent in 2015 and 3.7 percent in 2016, down 0.3 percentage point from the previous two years, both of which Read more…

Report: Iraq is the fifth Arab and 37 of the world gold reserves rank

Report: Iraq is the fifth Arab and 37 of the world gold reserves rank

01/11/2015 11:57 GMT

Follow-up – and babysit – World Gold Council, announced that Iraq was ranked 37 globally and fifth gold reserves of the Arab world, while the United States ranked first globally the first Arab and Saudi Arabia.
The council said in a report, on Sunday, “The International Monetary Fund and the deployment during its current report for 2015 that Iraq was ranked 37 globally out of 100 countries were included in the report of the gold reserves,” noting that “Iraq’s gold reserves amounted to 89.8 tons.”

World Council added Read more…

Warning .. Iraq is heading toward borrowing from the International Monetary Fund

Warning .. Iraq is heading toward borrowing from the International Monetary Fund

01/03/2015

BAGHDAD / JD / .. committee recommended economy and investment representative, among the proposals to bridge the fiscal deficit in the budget of 2015, borrowing from the International Monetary Fund, which will lead to a low government spending and raise the price support for public goods and services to the public sector, in addition to raising taxes and fees on public service institutions.
Said committee member Rep. Najiba Najib told / BD /: “The 2015 budget is Read more…

IMF: 2% decrease in Iraq’s budget in 2015 of GDP

IMF: 2% decrease in Iraq’s budget in 2015 of GDP

December 31, 2014 14:52

(Independent) … sent IMF mission held discussions with Mr. Hoshyar Zebari, Minister of Finance of Iraq and Mr. Zuhair Ali Akbar, deputy governor of the Central Bank of Iraq and a number of officials in the finance and planning ministries and the central bank to assess the latest economic developments in the country and discussions focused on the impact of the double trauma of Daash regulation and lower oil prices attacks at the end of the visit, Mr. Sdralvić issued the following statement:

IMF experts noted that it is expected that GDP in Iraq Read more…

International Monetary required to reduce the deficit to lend to Iraq

International Monetary required to reduce the deficit to lend to Iraq

December 21, 2014

Revealed the Parliamentary Finance Committee Rapporteur Ahmed Rashid flesh that Iraqi oil is sold, during the last few hours, dollars with 53 per barrel, “stressing that this level of prices,” one of the real reasons that prompted the government to not to discuss the budget on Thursday, adding to the pressures of the Central Bank of Iraq the need Read more…

Disagreement on external borrowing by $ 5 billion from the World bank

Disagreement on external borrowing by $ 5 billion and the central insist on spending cuts before heading to the World Bank

19/12/2014 18:03

Long-Presse / Baghdad
Parliamentary Finance Committee revealed on Friday that the dispute over the direction of foreign borrowing continues to fall in oil prices was behind the postponement of a special meeting was scheduled for Thursday evening to discuss the budget.
He said members of the Committee on the government’s intention to borrow $ 5 billion from the International Monetary Fund, but the central bank pressed further Read more…

IMF stands ready to provide advice and financial assistance to Iraq after the end of violence

IMF stands ready to provide advice and financial assistance to Iraq after the end of violence

Monday, 15 December 2014 13:15

Alsumaria News / Baghdad
showed the International Monetary Fund , on Monday, ready to offer advice and financial assistance to Iraq once the violence which, as pointed out that the violence in Iraq and Syria, led to the destruction of economic activities in them and creating a major economic crisis to neighboring countries, with the exodus of millions of refugees to it. The deputy Director of the Middle East Department Monetary Fund and Read more…

China criticizes America’s failure to ratify the International Monetary Fund reforms

China criticizes America’s failure to ratify the International Monetary Fund reforms

13/12/2014 11:17 GMT

Agencies – China expressed great disappointment of the United States failed again in the ratification of the plan to reform the International Monetary Fund, said a spokesman for the Chinese Foreign Ministry Hong Lei.
Hong said, during the press conference, said that China is disappointed by the failure of the US Congress in 2010, and included the share package IMF reform governance in the budget bill.

The United States has come under pressure during the Group of Twenty Read more…

IMF: Iraq’s economy for the next year to grow at a rate of 2% with the increase in the production of oil exports

IMF: Iraq’s economy for the next year to grow at a rate of 2% with the increase in the production of oil exports

Wednesday, December 10, 2014 17:39

BAGHDAD / Baghdadi News / .. signed the International Monetary Fund and the growth of the Iraqi economy over the next year in 2015 at a rate of 2% {} with the increase in oil production and increase its exports supported the agreement, which was recently between the governments of the Read more…

IMF: Iraq’s economy to shrink only 0.5% in 2014

IMF: Iraq’s economy to shrink only 0.5% in 2014

10/12/2014 12:09 GMT

BAGHDAD – and babysit – The International Monetary Fund, said that “it is expected to shrink Iraq’s economy, which depends mainly on oil 0.5 percent this year,” which is much lower than the previous forecast of the Fund two months ago contraction of 2.7 percent.
Fund attributed the decline in output to rise to organize an Islamic state in northern and western Iraq, but it seems that Read more…

Zebari: the Iraqi dinar exchange rate remains stable

Zebari: the Iraqi dinar exchange rate remains stable

9/12/2014 0:00

Discussed with the International Monetary Fund and falling oil prices
Oman morning
Mohammed Jawad Al-Abdali accept Finance Minister Hoshyar Zebari, political, security and economic conditions, plans and programs of the government in the next phase, in particular to provide the budget in 2015 to the House of Representatives and the fight against corruption and an administrative and financial reforms. Zebari said, in round of annual consultations with the International Monetary Fund (IMF), which took place in Amman, Jordan: “It Read more…

Iraq and the International Monetary Fund are discussing the budget deficit in 2015

Iraq and the International Monetary Fund are discussing the budget deficit in 2015

12/08/2014

Search Finance Minister Hoshyar Zebari, with the International Monetary Fund problem the shortfall in the Iraqi budget for 2015.

In remarks to a number of Iraqi media between Zebari said recent security developments and financial burdens resulting from the government to support the military effort to fight al “Daash” significant decline in oil prices and a negative impact on the budget.

He said Zebari, he and his accompanying delegation discussed at the meetings in the past two days in the Jordanian capital Amman with IMF experts how to Read more…

Government adviser: Iraq may resort to the IMF to meet the budget deficit

Government adviser: Iraq may resort to the IMF to meet the budget deficit

11/29/2014

The prime minister for economic affairs adviser to the appearance of Mohammed Saleh, said that the government may resort to borrowing from the International Monetary Fund to cover the deficit in the 2015 budget, as a result of the fall in the price of oil.

Saleh explained in a statement broadcasting Free Iraq that borrowing from the International Monetary Fund and Acer, which sets conditions for borrowing them that there will be economic reform and financial and banking, stressing that this reform is not a burden on Iraq as announced by the government within the next Read more…

Economists call for the restructuring of state-owned banks to provide performance equivalent to the opening of the Iraqi market

Economists call for the restructuring of state-owned banks to provide performance equivalent to the opening of the Iraqi market

11/23/2014 (00:01 pm)

BAGHDAD / Ibrahim Ibrahim

Iraqi government economists called for “restructuring of banks in proportion to the global development of the global banks and keep up with economic openness with the countries of the world, and expressed their satisfaction over the decision of World Bank contribution to the restructuring of state-owned banks to raise the rate of the Iraqi Read more…

Economist calls for the government to expedite its action to avoid a potential economic crisis measures

Economist calls for the government to expedite its action to avoid a potential economic crisis measures

29/10/2014 07:32 GMT

Baghdad – and babysit – economist predicted the appearance of Mohammed Saleh, the Iraqi economy shrink this year, in the case of the government not to rush in to take the necessary measures.
Saleh In a statement to “public opinion”, said that “investment spending in Iraq stalled a year ago, as well as high unemployment and halt reconstruction projects and stop domestic production all of this has had a significant impact on the Iraqi economy,” while noting that “the Iraqi oil is Read more…