Zebari: Iraq issued bonds worth 7 trillion dinars next year

History of edits:: 2015/11/10 23:11



Finance Minister, Hoshyar Zebari, said the government will be issued next year, 2016 bonds worth seven trillion Iraqi dinars to fill the budget deficit will be five of them raised in the domestic market and the rest in the international market.

This came in a joint press conference with Zebari, head of the IMF mission to Iraq Christian nut in the Jordanian capital Amman this evening which we announced an agreement on Iraq's financial and economic policies control program] by the Fund.

Zebari and offer the benefits of the agreement with the IMF and said he yielded a loan of $ 1.2 billion provided by the Fund for Iraq before the end of this year, except for its impact in improving the classification of Iraq in front of international institutions reducing interest rates on the bonds intended to put on the market.

Zebari denied that "have to agree any consequences for the employees' salaries and social benefits provided by the government or aid paid to the displaced, but he acknowledged that Iraq is in crisis and threats from the so-called organized Daash exacerbated by falling oil prices and the displacement of large numbers of displaced people.

With respect to the budget for Iraq in 2016, Zebari said that the Government of Iraq girl premise in the budget submitted to the parliament a draft on a conservative oil price of $ 45.

For his part, the Chairman of the Fund's mission nut elements of the agreement with Iraq, said the Iraqi authorities and under the [financial and economic policy surveillance program], which begins the end of the 2015 correction process will be implemented to contain public spending in line with revenues and available financing.

And the end of the patch nut said he aims to cut non-oil first by 4 percent of the total non-oil GDP to the end of the period from 2014 to 2016 under the program, which also includes measures to support the public finances and the other to achieve financial stability and the fight against money laundering and terrorist financing.

He predicted that the nut Iraqi GDP to grow by 1.5 percent in 2015 due to the increase in oil production in areas under the control of the Iraqi government and in areas of the Kurdistan Regional Government.

And it has been the IMF mission to Iraq to meet with Iraqi officials in Jordan to discuss cooperation issues Almstrk.


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