Paris Club postpones the benefits of Iraq 's debt amounting to $ 800 million a year until 2019 to meet


Baghdad / Hamid- Zahra Ibrahim Ibrahim

Prime Minister for Economic Affairs Advisor to detect the appearance of Mohammed Saleh, on Saturday, that the members of the Paris Club nations decided to postpone debt from Iraq met Fouad until the end of 2019, and confirmed that the annual dues of about $ 800 million, while the Ministry of Planning, the Iraq's crude oil exports accounted for more than 99% of the country's total exports for 2015.

He said the appearance of Mohammed Saleh in an interview (long-Presse) "The last meeting of the Paris Club on sovereign debt of countries and based on what introduced by Canada and reached Iraq of the Convention on the credit to be prepared with the International Monetary Fund and the Member States in the club decided to exempt Iraq from paying dues the interest on its debt and the remains suspended until the end of 2019 ".

Saleh added that "the annual dues for the debts of the Paris Club countries remnants of other sovereign debt from outside the club, which is subject to be considered the same and payable amounting to $ 800 million," adding that "this procedure was to ease the financial burden on Iraq."

Saleh said that "this decision was based on a proposal by the Canadian government of being a member of the Paris Club of creditor nations, as well as being one of the seven countries of the adult group (G7)".

It was Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh said earlier that Iraq has fulfilled its obligations to creditors who appeared after 2003, whether or governments traders or businessmen on accordance with the Paris Judge Club agreement, to pay 20% of the amounts owed by him on the form of payments for a waiver of those entities for 80%, or pay 10% in cash in exchange for ceding 90%. "

In turn, economist Mohammed Abdul Latif Al-Ani said in an interview for the "long" "The Paris Club debt was significantly reduced during the previous years, the efforts of the Federal Ministry of Finance."

"The economic crisis faced by the country have made the government reluctant to fulfill some financial commitments to international organizations, including the Paris Club countries."

Ani said that "poor government management of financial institutions and rampant corruption in most aspects of the state, factors that contributed to the waste and the loss of billions of dollars in annual Kmoisnat spotted over the past years."

He pointed out that "the escalation of world oil prices to nearly 50 dollars will help the government to rewrite its operating budget in accordance with the schedules are ruling disbursements priority in the allocation process."

Ani confirmed that "the government has failed over the past two years to find alternatives to oil resources, which still holds the bulk of Iraqi exports without a remarkable development in the rest of the resources that ceased to exist due to the wrong policies of successive governments since 2003".

For its part, announced the Ministry of Planning, Iraq's crude oil exports accounted for more than 99% of the country's total exports for 2015, noting that the total oil exports and commodity for 2015 amounted to $ 57.6 million.

The Central Bureau of Statistics of the Ministry in a report received the "long" version of it, "The total oil exports and commodity and other amounted to 57.6 trillion dinars in 2015, equivalent to 49.4 billion dollars," noting that "crude oil exports accounted for 99.3% of total exports ".

Device and added that "the value of crude oil exports stood at 57.2 trillion dinars for the year 2015, equivalent to 49.1 billion dollars, down by 41.7% from 2014, with exports worth 98.1 trillion dinars," noting that the reason for the decline in crude oil exports is due to the low price of a barrel of crude oil than $ 91.6 for the year 2014 to $ 44.7 for the year 2015 ".

He pointed out that "the value of the products oil exports amounted to 178.6 billion dinars for 2015, equivalent to 153.1 million a decrease of 11.7% from the year 2014," following up "The value of merchandise exports and other amounted to 230.5 billion for the year 2015, equivalent to $ 191.2 million, recording a decrease of 4.6% for the year 2014, reaching 241.5 billion dinars, the equivalent of 202.7 million dollars. "

The Prime Minister Haider al-Abadi called on Thursday (19 May 2016) and the World Bank to support the private sector and interest in projects the province of Basra, while the Executive Director of the Bank for Iraq Mirza Hassan revealed the "new strategy" to support the private and soft loans sector, pointing out that the Bank international examines the increase of investment projects in electricity, water and other types of energy sectors.

Ebadi said the Office in a statement received "long", a copy of which, "The Prime Minister met in his office, Executive Director of the World Bank for Iraq Mirza Hassan and his accompanying delegation," noting that "During the meeting, they discussed cooperation between Iraq and the World Bank projects that It carried out by the bank in Iraq and his plans and projects for the next stage. "

The Abadi, according to the statement, "the importance of supporting the private sector and the need to focus on projects the province of Basra."

For his part, Hassan pointed out that "the stability of Iraq is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector," expressing his "full support for the reforms carried out by al-Abadi and Iraq if he continued this approach, it will override the crisis and evolve a lot."

Hassan continued that "the bank is considering increasing investment projects in electricity, water and other types of energy sectors."

The Prime Minister Haider al-Abadi said on Saturday (April 9, 2016) that the dependence on oil over the past 50 years was "Stratgia wrong."

The International Monetary Fund, World Bank and international partners agreed on Thursday (19 May 2016) to give Iraq a loan of $ 15 billion.

The policies pursued by the previous regime burdened Iraq's debt, which is tens of billions of them, despite his trust still extinguishing a lot of countries the consequences have his trust.