Zebari: Iraq issued bonds worth 7 trillion dinars next year

Finance Minister, Hoshyar Zebari, announced that 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 Zebari with the head of the IMF mission to Iraq Christian nut in the Jordanian capital of Amman this evening announced during which an agreement on Iraq's financial and economic policies control program] by the Fund.
The display Zebari, the benefits of the agreement with the IMF and said he yielded for a loan of $ 1.2 billion Fund for Iraq submitted 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 seminal bonds put on the market.

Zebari denied that "have to agree any consequences for employees and social benefits provided by the government salaries 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 draft budget submitted to the House of Representatives on the price conservative for a barrel of oil 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 2015 will implement the correct process to contain public spending in line with revenues and available financing.

and end correction nut said he aims to cut non-oil first by 4 percent of the total non-oil GDP to the end of the period of 2014-2016 in the framework of 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 terrorism financing.

He predicted coconut to grow GDP Iraqi 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.

has consistently IMF mission to Iraq to meet with Iraqi officials in Jordan to discuss Almstrk.anthy cooperation issues

11.11.2015
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