Financial bond plan salutes to collect $ 2 billion

2016/06/24 (00:23 pm) - hits: 128 - number (3582)

The Finance Minister, Hoshyar Zebari, Iraq is seeking to collect $ 2 billion from the sale of Treasury bonds globally, likely to help the International Monetary Fund to cope with the financial crisis.

Zebari, in a telephone interview with Bloomberg Bloomberg us economic news, monitored (range), that "Iraq has resorted to global bond markets during the second half of the year 2016 to collect nearly two billion dollars," he said, adding that "put the bonds for auction is now on the agenda, particularly that Iraq better than the previous year, to issue such bonds, then interest rates are very high."

The site said that "bond sales plan has stalled last year 2015 because investors demanded concessions and benefits the Government deemed too expensive", stating that "Iraq agreed programme financial control of the International Monetary Fund, which would pave the way for further assistance from the Fund.

The Minister added that "officials will hold further talks with the International Monetary Fund, and that Iraq was studying the possibility of demanding more aid," returned "too early to determine the size of the possible loan.