Abadi adviser is likely across the international bond put up two billion dollars until 2017

Baghdad -arac Press -30 September / September: an economic adviser to Prime Minister Haider al - Abadi, said on Thursday evening, it was unlikely that Iraq postpones bond sale two billion dollars in global markets until early 2017 , at least the hope that the result of high oil revenues and the victory over the organization Daesh to improve public finances of the state.

Baghdad had said it would issue bonds that the US government guarantee half its value in the last quarter of 2016, but it seems that those plans are uncertain after the dismissal of Finance Minister Hoshyar Zebari last week because of corruption charges denied by the minister.

He said the appearance of Mohammed Saleh told Reuters in an interview , "I think we Snerjih version," adding , "we should see the situation in the oil market - if we can improve a little bit delayed , although the oil market deteriorated further , we will have to borrow."

Iraq and issued international bonds worth $ 2.7 billion due in 2028 with a 5.8 percent coupon and revenue currently stands at around nine percent.

Iraq and resorted to the International Monetary Fund to borrow in order to make up for lost revenues from oil , which would encourage other lenders to provide support.

In July the Fund approved a loan application under a three - year , $ 5.34 billion in exchange for a package of economic reforms, and Baghdad hopes to provide additional aid worth more than $ 12 billion from sources such as the Group of Seven major industrialized nations.

Saleh said last month that Iraq agreed " in principle" on a deferred loan for three years worth of three billion dollars from the World Bank to support Baghdad 's budget, this will be the first loan installment of supplementary funding for the agreement with the IMF.

He added that the details of the conditions to support public financial institutions and pensions in Iraq are not yet clear , but the first tranche will be disbursed in December next .anthy (1)

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