Government measures to address the economic crisis in the country
Page 1 of 1
Government measures to address the economic crisis in the country
Admin Mon Nov 09, 2015 7:38 am
9/11/2015 0:00
BAGHDAD - Alaa al-Tai
Economic and financial advisor to the prime minister said the appearance of Mohammed Saleh government to take proactive measures in the face of the cash crisis and bridging the deficit in the 2016 budget next year through external borrowing as stated in the Federal Budget Law.
And as he emphasized that the field is open for Iraq to borrow across multiple financial institutions including the International Monetary Fund and the World Bank, he stressed that the country is facing is a problem in the oil flows and financial distress, but on the other hand have a high wealth «not bankrupt».
Saleh said in an interview for «morning»: that «the government has taken proactive measures to address the current deficit through foreign borrowing as stated in the draft federal budget for 2016 and the current 2015», adding that «Iraq could borrow from the multilateral financial institutions, including IMF International and the World Bank, in addition to the funds states rely Monetary Fund standards and give a financial boost to Iraq, as the World Bank can borrow from the financial markets and be Cafla and guarantor of Iraq's few and reasonable interest rate. »
Saleh continued that «there are two types of the first interest rate of 2 percent if 100 percent guarantee, and the other type in case of partial guarantee the interest is less than the proportion of financial markets 6-7 percent instead of 11 percent», adding that «the government's drive in the external borrowing will be Through employed in the investment budget and private sectors (energy, oil and infrastructure ruling) will not be operating budget or salaries and wages. »
Saleh and reasoned that «the employment of money in the oil and energy sectors means the collection of returns and financial resources of the state so it will be a priority», also stressed that the state launched 6 trillion of loans through the central bank, an amount «very significant» seek guidance to the private sector to contribute to the running State-owned companies and rehabilitated in accordance with the market rules and mechanisms to share.
And between the economic and financial adviser to the prime minister that «the State plants and factories governmental parked, for example batteries plant which can be used in the private sector to run on that is funded by the loans, meaning that the state is heading towards activating the partnership between the public and private sectors and the rehabilitation of state-owned enterprises guarantees, In this post we create and mixed sectors or Musataha rent for many years for the industrial companies followed by the agricultural and service and oil companies and other ».
Salih stressed the launch of industrial and agricultural economic development process, adding that «the government has a vision Ptashiq state-owned enterprises with the private sector within the current lending program, a move that will give a strong impetus to the revitalization of the private sector and the Iraqi economy, in addition to the agricultural sector and agricultural crops development», indicating that in the event He headed the government from now to activate it will be given the results and revenues during the six months.
Economic and financial advisor to the prime minister said that Iraq has a problem in oil flows, adding, «but have a high wealth and not bankrupt, but facing financial hardship cash».
Government adviser and praised the role of the Central Bank of the coordinating higher to support the monetary policy of the country, stressing that it has provided liquidity up to 11 trillion dinars to banks for government lending for the current year while maintaining and monitoring the reserve until the situation is safe economically and keeps the dinar.
Economic and financial advisor to the prime minister that sees the launch of the 6 trillion loan will contribute to the development of the economy and move the market economy in accordance with the guarantees and the basis of common data being linked with the rest of the banks, which will make the money in the safe and do not go to speculators or smugglers and are limited to investors and the pioneers of the real market.
http://www.alsabaah.iq/ArticleShow.aspx?ID=103900
BAGHDAD - Alaa al-Tai
Economic and financial advisor to the prime minister said the appearance of Mohammed Saleh government to take proactive measures in the face of the cash crisis and bridging the deficit in the 2016 budget next year through external borrowing as stated in the Federal Budget Law.
And as he emphasized that the field is open for Iraq to borrow across multiple financial institutions including the International Monetary Fund and the World Bank, he stressed that the country is facing is a problem in the oil flows and financial distress, but on the other hand have a high wealth «not bankrupt».
Saleh said in an interview for «morning»: that «the government has taken proactive measures to address the current deficit through foreign borrowing as stated in the draft federal budget for 2016 and the current 2015», adding that «Iraq could borrow from the multilateral financial institutions, including IMF International and the World Bank, in addition to the funds states rely Monetary Fund standards and give a financial boost to Iraq, as the World Bank can borrow from the financial markets and be Cafla and guarantor of Iraq's few and reasonable interest rate. »
Saleh continued that «there are two types of the first interest rate of 2 percent if 100 percent guarantee, and the other type in case of partial guarantee the interest is less than the proportion of financial markets 6-7 percent instead of 11 percent», adding that «the government's drive in the external borrowing will be Through employed in the investment budget and private sectors (energy, oil and infrastructure ruling) will not be operating budget or salaries and wages. »
Saleh and reasoned that «the employment of money in the oil and energy sectors means the collection of returns and financial resources of the state so it will be a priority», also stressed that the state launched 6 trillion of loans through the central bank, an amount «very significant» seek guidance to the private sector to contribute to the running State-owned companies and rehabilitated in accordance with the market rules and mechanisms to share.
And between the economic and financial adviser to the prime minister that «the State plants and factories governmental parked, for example batteries plant which can be used in the private sector to run on that is funded by the loans, meaning that the state is heading towards activating the partnership between the public and private sectors and the rehabilitation of state-owned enterprises guarantees, In this post we create and mixed sectors or Musataha rent for many years for the industrial companies followed by the agricultural and service and oil companies and other ».
Salih stressed the launch of industrial and agricultural economic development process, adding that «the government has a vision Ptashiq state-owned enterprises with the private sector within the current lending program, a move that will give a strong impetus to the revitalization of the private sector and the Iraqi economy, in addition to the agricultural sector and agricultural crops development», indicating that in the event He headed the government from now to activate it will be given the results and revenues during the six months.
Economic and financial advisor to the prime minister said that Iraq has a problem in oil flows, adding, «but have a high wealth and not bankrupt, but facing financial hardship cash».
Government adviser and praised the role of the Central Bank of the coordinating higher to support the monetary policy of the country, stressing that it has provided liquidity up to 11 trillion dinars to banks for government lending for the current year while maintaining and monitoring the reserve until the situation is safe economically and keeps the dinar.
Economic and financial advisor to the prime minister that sees the launch of the 6 trillion loan will contribute to the development of the economy and move the market economy in accordance with the guarantees and the basis of common data being linked with the rest of the banks, which will make the money in the safe and do not go to speculators or smugglers and are limited to investors and the pioneers of the real market.
http://www.alsabaah.iq/ArticleShow.aspx?ID=103900
Admin- Admin
- Posts : 29357
Join date : 2012-04-30
Location : Arizona -
Similar topics» Plans to address the economic challenges in the country
» President of the Parliamentary Economic Committee: address the relevant authorities to activate ATM project in the country
» Zebari, in line with the Economic Commission to hold a special session to address the financial crisis
» Dollar rises, threatening a new economic crisis in the country
» Citing the newspaper (Orient) Abdul Basit Turki: the dollar will jump to 2,000 dinars unless the government take bold action to address the financial crisis
» President of the Parliamentary Economic Committee: address the relevant authorities to activate ATM project in the country
» Zebari, in line with the Economic Commission to hold a special session to address the financial crisis
» Dollar rises, threatening a new economic crisis in the country
» Citing the newspaper (Orient) Abdul Basit Turki: the dollar will jump to 2,000 dinars unless the government take bold action to address the financial crisis
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|