Posts Tagged ‘International Monetary Fund’

IMF: security spending to fight the “Daash” will affect the Iraqi economy

IMF: security spending to fight the “Daash” will affect the Iraqi economy

28-10-2014 07:13 AM

International Monetary Fund said Monday that the Iraqi economy will shrink by 2.7 percent this year, for the first time since the Western invasion of the country in 2003, after he dominated the organization of the so-called Islamic State (Daash) over large areas of Iraq.
The Fund says that this contraction is followed by growth of 4.2 percent in 2013, which in turn was the Read more…

The International Monetary Fund is likely to shrink Iraq’s economy in the current year

The International Monetary Fund is likely to shrink Iraq’s economy in the current year

27/10/2014

He favored the International Monetary Fund Monday that Iraq’s economy to shrink by 2.7% this year, the first contraction since 2003.

Showed regional economic outlook for the Fund that the current economic slowdown comes after GDP growth of 4.2% in 2013, which was the weakest rate since 2007. However, this remains tiny compared with falling output by Read more…

IMF warns of sliding euro zone recession

IMF warns of sliding euro zone recession

10/10/2014 16:16

Follow-up – and babysit – warned the head of the International Monetary Fund Christine Lagarde of the possibility of sliding back into the euro zone into recession if they are not adopting sound economic policies.
Lagarde said, “We do not say that the region is heading toward recession, but say there is a serious risk of the occurrence if it did not do anything.”

Lagarde’s comments came at a news conference in Washington at the Read more…

IMF expects deflation Iraqi economy

IMF expects deflation Iraqi economy

09/10/2014

Iraqi economy faces significant challenges due to the deteriorating security situation and control regulation (Daash) on vital areas of Iraq.

He said the latest report issued by the International Monetary Fund that the Iraqi economy will be subjected to shrink this year as a result of military operations, is expected to exceed the growth rate of gross domestic product this year from 2.7%, while the indicated expectations last April to a growth rate of up to 5.9%.

He said the IMF report, Read more…

Determined by the value of the dinar monetary policy

Determined by the value of the dinar monetary policy

9/22/2014 0:00

Questions about the reasons for their persistence despite the increase in oil production
BAGHDAD Mustafa al-Hashemi,
Iraq has seen in the last ten years a rise in the production and export of oil at a time which saw the value of the dinar stable without a noticeable rise in the purchasing power of recall, in the time that citizens consider that the rapid increases in oil production guaranteed in practice greatly enhanced the Dinar over Read more…

Unlike political economist on the deletion of zeros from the currency, and experts are putting the decision

Unlike political economist on the deletion of zeros from the currency, and experts are putting the decision, however, the central

09/21/2014 (00:01 pm)

Baghdad / term-Presse

Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend “sensitive and dangerous” under conditions which passes through the country, while others stressed that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to The process of deletion of zeros in accordance with the proper procedures and techniques.
He said the former deputy governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the (long-Presse), “The time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs Read more…

Lagarde corruption crisis raises question marks about the management of the International Monetary Fund

Lagarde corruption crisis raises question marks about the management of the International Monetary Fund

Date Published: Friday, August 29th, 2014

The International Monetary Fund is facing a new and confusing situation after the announcement of the prosecution of its director general Christine Lagarde, what revives bad memories associated with the resignation of former director general Dominique Strauss-Kahn three years ago.

And certainly, do not compare charges «negligence» directed to Christine Lagarde when she was Minister of Economy on charges of sexual assault Read more…

Dentex approached the TBI to support the local government in light of the delay in budget

Dentex approached the TBI to support the local government in light of the delay in budget

26/08/2014

BAGHDAD / JD / .. The president of the Baghdad Provincial Council Riyad dentex, for the Council’s determination to find a channel to support local government to support financially in light of the delay in approving the budget.
Said dentex Agency / JD /: he “visited the Trade Bank of Iraq TBI and discussed with him the possibility of coordination and cooperation to find a Read more…

Iraq’s dollar bond is contained by rising oil revenue through exports

Iraq’s dollar bond is contained by rising oil revenue through exports

11 Aug 2014

The slide in Iraq’s dollar bond since June, when Islamist militants overran much of the country’s north, is being contained by rising oil revenue as exports surge in the south.
The yield on Iraq’s January 2028 dollar security has jumped 109 basis points to 7.37 percent since tumbling to an 16-month low on June 9, according to data compiled by Bloomberg. The rate Read more…

IMF’s Lagarde: Iraq Oil Shock May Threaten U.S. Economy

IMF’s Lagarde: Iraq Oil Shock May Threaten U.S. Economy

Posted, 18 Jun 2014

The ongoing turmoil in Iraq has the potential to throw a wrench into the U.S. economy, International Monetary Fund managing director Christine Lagarde said in an interview on FOX Business.

Escalating battles between Iraqi forces and an Al Qaeda-inspired terrorist group, which has taken control of several key cities, have fueled concerns over an oil shock. Brent crude oil, the Read more…

Economists International: continued high growth of the Iraqi economy and increase its financial strength

Economists International: continued high growth of the Iraqi economy and increase its financial strength despite the security situation

Tuesday, 27 May / May 2014 10:41

[Follow-up – where]

Economists said the sources in the International Monetary Fund said that “Iraq despite the volatile security situation but its economic growth index is still going through at the height of its oil exports. ”

And saw Mohiuddin cloves, investment manager for the Global Sukuk, the Middle East and North Africa – fixed income at Franklin Templeton Investments – the Middle East that “the unintended consequences of political conflict Iraq is a decline in the cost of borrowing the Iraqi government has increased foreign exchange reserves increased by 33% to 88 billion dollars in Read more…

IMF calls for ambitious reforms

IMF calls for ambitious reforms

4/19/2014 0:00

Capitals – Agencies
International Monetary Fund said it should countries in the Middle East and North Africa make ambitious reforms to achieve sustainable growth provides more job opportunities and promote equality and diversification of the economy.
said the fund said in a statement that the challenges facing the region occupied a prominent place on the agenda of the Spring Meetings in 2014 and held by the Fund and the World Bank in Washington DC last week, and included Read more…

World Bank reports show significant progress in the development of the Iraqi economy

World Bank reports show significant progress in the development of the Iraqi economy

04/16/2014

Baghdad – and babysit – Minister of Finance Agency purity of net debt, Wednesday, that Iraq is going through a period of development by good reports have been discussed by the IMF and the World Bank in Washington.
Safi said in a press statement that “the World Bank expressed satisfaction with the progress in the Iraqi economy, which is active in recent years as a result of the expansion of investment operations for the exploitation of Read more…

Minister of Finance in Washington looking to protect Iraqi funds from creditors

Minister of Finance in Washington looking to protect Iraqi funds from creditors

04/15/2014

BAGHDAD / JD / .. Ministry of Finance announced for talks in Washington on the protection of Iraqi funds after the end of the period of immunity in 05/22/2014, while stressed the need for the adoption of the law offices prudent to do to provide payments for the benefit of Iraq before the courts of Foreign Affairs.
The ministry said in a statement received / JD / copy of it: that the Read more…

Search the protection of Iraqi funds with the U.S. Treasury and the Fund and the World Bank

Search the protection of Iraqi funds with the U.S. Treasury and the Fund and the World Bank

4/15/2014 0:00

End of immunity on 22 May next
morning – Saad Al-Sammak
search and Minister of Finance Agency, Dr. purity of net debt in separate meetings with officials at the U.S. Treasury and the International Monetary Fund in a series of spring meetings of the IMF and the World Bank in Washington, DC, to Read more…

IMF: Iraq progresses Middle East countries by GDP

IMF: Iraq progresses Middle East countries by GDP

10/04/2014 12:42

Baghdad – and babysit – International Monetary Fund released, his report on the economic outlook for the countries of the world, and growth expectations during the current year and the year 2015, with a solution of Iraq in the forefront of countries in the Middle East in terms of GDP.
The IMF said in a report that Read more…

Iraqi Central Bank may buy more gold in the coming months

Iraqi Central Bank may buy more gold in the coming months

Posted, April 9th, 2014 23:40

BAGHDAD / translation Baghdadi News / .. He said Iraqi Minister of Finance Agency today, on Tuesday, on the sidelines of a meeting of Arab finance ministers in Tunisia, said that “the Iraqi Central Bank may buy more gold in the coming months based on the needs of the investment.” Mazkrth according to Reuters news agency.
The CBI had said in a statement that it had bought 36 tonnes of gold last month in an effort to stabilize the exchange rate of the Iraqi dinar against Read more…

65 billion dollars looted from Iraq from 2001 to 2010

65 billion dollars looted from Iraq from 2001 to 2010

09-04-2014 01:35 PM

Baghdad (news) .. confirmed Representative of the Secretary-General of the United Nations in Iraq Nikolai Mladenov said the money looted from Iraq between (2001) and (2010) exceeded 65 billion dollars, according to the contents of the study of the International Monetary Fund. said Read more…

Iraqi dinar stable and the central bank that manages to improve and put it in front of other currencies

Finance Committee: Iraqi dinar stable and the central bank that manages to improve and put it in front of other currencies

7.4.2014 six twenty-three p.m.

{Baghdad} Euphrates News announced the parliamentary Finance Committee that the Iraqi dinar stable, stressing that the central bank that it manages to improve the situation of the Iraqi dinar against other currencies.
A member of the committee MP Hassan al-Bayati told {Euphrates News} that “the Iraqi dinar is not in its right and true, and the Central Bank of Iraq to take appropriate measures to improve and put it in front of the other currencies.”
said MP al-Bayati, “there is a difference in the exchange rate between the Read more…

Kurdish lawmaker holds the government responsible for the legal errors in the budget and the delay in approval

Kurdish lawmaker holds the government responsible for the legal errors in the budget and the delay in approval

Friday, April 4 / April 2014 11:11

[Baghdad where]

He said the Kurdistan Alliance MP Hamid Buffy the delay caused by the budget “do not bear responsibility for the government’s mistakes and gross and legal points of disagreement and controversy, which included,” noting, that there is a blackout on the real reasons in this regard. ”

He said in a statement received by all of Iraq [where] a copy of it today that: “There is no doubt that the budget Read more…