Report: differences over the US budget restrict the recovery of the Iraqi economy plans

Washington-Iraq Press -1 October: Iraq thwarted plans to raise two billion dollars from the global debt markets this week to fill the budget caused by lower oil prices gap after the US Congress refused to guarantee half the value of the bonds.

Iraq had said it is seeking to issue bonds worth one billion US dollars guaranteed in full in order to reduce debt costs before other bonds issued one billion dollars as part of the 2017 budget , which enjoys the support of the International Monetary Fund.

These funds will complement the agreement with the International Monetary Fund for a loan worth $ 5.34 billion over three years, which the Fund has agreed in July in exchange for economic reforms.

Baghdad hopes that the agreement opens the door to get more than $ 12 billion in additional aid from other sources such as the World Bank and the Group of Seven major industrial countries.

He acknowledged the Western Allies, the importance of the need to protect the fragile economy of one of the most important Organization of Petroleum Exporting Countries members (OPEC) from collapse , which could threaten to undermine the military gains made by the Iraqi forces and the international coalition led by the United States to organize Daesh.

These forces seek to regain control of the city of Mosul , a stronghold of the organization later this month.

US President Barack Obama 's administration requested that the guarantee granted under the "Extended Resolution" - a temporary legislation that would allow the US government to continue its work until the approval of the more permanent decisions regarding Balanvaq- but is not responding to this request in the final version passed by Congress last Wednesday.

Lawmakers said, they sought to remove the side issues outside the spending bill to ensure into force before the start of the new fiscal year , which begins on Saturday.

He said the appearance of the benefit of a financial advisor to Iraqi Prime Minister Haider al - Abadi, who was a close role in the issue of bonds and another source familiar with the matter, that the Republicans in Congress caused the failure to grant security for the bonds , but did not mention further details.

And have a Republican majority in the House and Senate, but it was unclear if they have a specific objection to pump more money for Iraq , which has already received billions of dollars from Washington in the form of economic and humanitarian military aid since the invasion , the US - led invasion to topple Saddam Hussein in 2003.

And feel a lot of members of Congress , frustrated by the Iraqi government. They fear that the United States sent a lot of money to Baghdad without achieving sufficient results due to corruption and inefficiency.

Many believe , too, that the Iraqi government is very close to Iran and feel angry.

Is still possible grant of security to the Iraqi debt securities in the spending bill must be passed to allow the government the freedom to work after the ninth of December , the day on which the application expires temporary spending bill.

And include the latest draft of the proposed budget for Iraq for 2017 forecast of expenditure 90.224 trillion Iraqi dinars ($ 77.6 billion) and a deficit of about 12 trillion Danar.anthy (1)

http://www.iraqpressagency.com/?p=217296&lang=ar

Congress of the Iraqi government: We sent you a lot of Alamwal..oan gone ?!


Last updated: October 2, 2016 - 10:14
BAGHDAD / News Network Iraq thwarted Iraq plans to raise two billion dollars from the global debt markets this week to fill the budget caused by lower oil prices gap after the US Congress refused to guarantee half the value of the bonds.

Iraq had said it to issue bonds is seeking one billion dollars the United States guaranteed the entire in order to reduce debt costs before other bonds issued one billion dollars as part of the 2017 budget , which enjoys the support of the international Monetary Fund.

and will supplement these funds agreement with the international Monetary Fund for a loan worth $ 5.34 billion over three years, which the fund it has agreed in July / July in exchange for economic reforms.

the Baghdad hopes to open the agreement the door to get more than $ 12 billion in additional aid from other sources such as the World Bank and the Group of seven industrialized powers.

He acknowledged the Western allies, the importance of the need to protect the fragile economy of one of the most important members of the Organization of Petroleum exporting countries (OPEC) from collapse , which could threaten to undermine the military gains made by the Iraqi forces and the international coalition that the United States - led organization Daesh.

seeks these forces to regain control of the city of Mosul , a stronghold of the organization later this month.

It requested US President Barack Obama 's administration that the guarantee granted under the "extended resolution" - a temporary legislation that would allow the US government to continue its work until the approval of the more permanent decisions regarding Balanvaq- but is not responding to this request in the final version passed by Congress last Wednesday.

he said lawmakers , they sought to remove the side issues outside the spending bill to ensure into force before the start of the new fiscal year that begins today.

he said the appearance of the benefit of a financial advisor to Iraqi Prime Minister Haider al - Abadi, who was a close role in the issue of bonds and another source familiar with the matter, that the Republicans in Congress have caused in not granting security for the bonds , but did not mention further details.

and has a Republican majority in the House and Senate, but it was unclear if they have a specific objection to pump more money for Iraq , which has already received billions of dollars from Washington in the form of economic and humanitarian military aid since the invasion US - led invasion in 2003 and feels a lot of members of Congress , frustrated by the Iraqi government.

they fear that the United States sent a lot of money to Baghdad without achieving sufficient results due to corruption and inefficiency. many also believe, that the Iraqi government is very close to Iran and angry .

is still possible grant of security for the debt securities of Iraq in the spending bill must be passed to allow the government the freedom to work after the ninth of December , the day on which expires the application of the temporary spending bill. and includes the latest draft of the budget for Iraq proposed for the year 2017 forecast of expenditure 90.224 trillion dinars Iraq ($ 77.6 billion) and a deficit of about 12 trillion dinars.

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US Republican Party: the Baghdad government are corrupt and the amounts that they reached "stolen"!


Last updated: October 2, 2016 - 11:15
BAGHDAD / News Network Iraq , the US Republican Party managed to last Thursday, a halt to the legislation that was will pass through the US Congress and the House of Commons, and the judge to ensure Iraq to the lenders , the World Bank, leaving Iraq requests for loans outstanding at the sources Alaalmih.mschar Abadi Alaqsada "appearance Saleh ", said in a press statement today: that the Republican party members did not provide details about why stopped legislation, and their attempts to reduce the assets, leaving Iraq is unable to obtain the necessary funding to conduct matters of state and fill the shortfall of the budget in 2017.iati this at the time confirmed it M_khasan experts to "daily newspaper Daily Mail" the British, that the reason to stop the US guarantee of Iraq to the lending countries and the World Bank, is the frustration of lawmakers from the Iraqi government 's inability, who see that the United States has sent a lot of money to Iraq, compared with very weak results , especially with the growing fear that the money may have ended up in the hands of corrupt because of poor Aovernma.oadavc device same sources, that the other main reason is the proximity to severe government in Baghdad to those in Tehran, which disturbs the US legislator who sends money to Baghdad through guarantees it is said that Iraq, and within the necessary economic reforms carried out by, ready to put investment in the market bonds worth $ 2 billion to cover the deficit, which is supposed to acquire them by international lenders , the World Bank, to ensure the United States, which is to cover losses if the inability of Iraq that.


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