************* Government and Parliament discuss the negative and the positive results of foreign loans and the issuance of bonds

2015/5/27 14:47

[Where]

Officials are concerned in the government and the House of Representatives discussed the negative and the positive results of obtaining foreign loans and the issuance of government bonds.

A statement by the Chairman of the State Economic Commission Deputy Prime Minister Ruz Nuri Shaways received by all of Iraq [where] a copy of it, that the Committee "held its headed by Shaways to discuss the article [2 / II / a] of the federal budget law for 2015 about the version of the external loan bonds What are the expected results from the issuance of those bonds. "

The Committee also said "the positive impact resulting from obtaining a credit from international rating agencies rating to support the economy and the construction and reconstruction in Iraq by increasing the financial resources of the state derived from such bonds discussed."

The statement pointed out that the meeting "attended by members of the government's economic Committee of Ministers of Finance, Planning and Trade, and Agriculture and Chairman of the National Authority for Investment and Advisor to the Prime Minister for Economic Affairs and the Deputy Secretary General of the Council of Ministers of Finance and Administrative Affairs and the Director of the Legal Department of the Office of the Prime Minister."

The Committee also hosted a meeting of all Finance Committee Chairman Ahmed Chalabi, the House of Representatives and chairman of the economic and investment commission Jawad al-Bolani and attended by representatives of banks and financial [Cleary Gottlieb Steen & Hamilton Office LLP, Citibank and Deutsche bank and Jp Morgan].

Iraq plans to request emergency funding worth 400-700 million dollars from the International Monetary Fund, while the government made a decision to issue government bonds worth $ 5 billion, and it continues to negotiate on their own terms.

And pass the country in a state of fiscal austerity and crisis in the provision of cash called on the government to impose several taxes to cover the deficit in the budget.

As a senior official at the International Monetary Fund on the fifth of this month, said that Iraq's request for financial assistance from the Fund and it may be agreed to loan $ 800 million within Osabia.


http://www.alliraqnews.com/modules/news/article.php?storyid=5466

A ministerial committee looking feasibility of issuing external loan bonds

Wednesday 27-05-2015 | 2:01:58


Shafaq News / The Commission on Economic Affairs at its fifteenth headed by Deputy Prime Minister Nuri Shaways example, has typically feasibility of issuing external loan bonds.

Committee and hosted by the President of the House of Representatives Finance Committee Ahmad Chalabi and head of the economic and investment commission Jawad al-Bolani and attended by representatives of banks and financial (Cleary Gottlieb Steen & Hamilton Office LLP, Citibank and Deutsche bank and Jp Morgan).

According to the statement of the Office Shawish, the Committee discussed the article (2 / II / a) of the Federal General Budget about the version of the external loan bonds Act.

The Committee discussed the envisaged results from the issuance of bonds as well as those resulting from obtaining a credit from international rating agencies rating to support the economy and the construction and reconstruction in Iraq by increasing the financial resources of the state derived from the positive impact of these bonds.

And heads Shaways Committee which is composed of organic and ministers (Finance, Planning, Commerce, Agriculture) and Chairman of the National Authority for Investment and Advisor to the Prime Minister for Economic Affairs and the Deputy Secretary General of the Council of Ministers of Finance and Administrative Affairs and the Director of the Legal Department of the Office of the Prime Minister.


http://www.ara.shafaaq.com/4052