Overcome the economic crisis depends on the "true investment" for donor funds

08/16/2016 (0:01 pm) - The number of readings: 49

Baghdad / long - Presse

Financial advisor to the Prime Minister called for the appearance of Mohammed Saleh, on Monday, the government has to invest donors' conference properly and protect investors to overcome the financial crisis, while the economic and investment commission pointed out in the House of Representatives to set up committees to give priority to the funds of donor countries to the provinces affected by the Daash, student Central Bank of the government "to change priorities and retrenchment," stressing its ability to secure the employees' salaries.

Financial advisor to the Prime Minister, said the appearance of Mohammed Saleh in an interview with (long-Presse), "The donors' conference and to bring companies to Iraq, is an important step and a great chance obliges involved in the government investing properly, and the creation of appropriate and positive atmosphere and to protect investors from the corrupting pressures."

For his part, the economic and investment commission Member of Parliament Yahya al-Issawi said in an interview to the (long-Presse), "The committees set up to assess the situation and give priority in the donor country funds to the provinces affected by the war against al (Daash), in order to promote their betterment and service and the provision of basic needs for displaced families, "asserting that" industrial and agricultural loans will be launched soon. "

In turn, director of financial operations at the Central Bank, Mahmoud Dagher said in an interview with (long-Presse), he said that "resorting to foreign loans in light of the situation in Iraq and the current budget deficit has become a necessity, provided reconsider the higher spending level," and urged the government "to change priorities and compressing expenditure to a level that makes the likelihood of debt to less as possible. "

The Dagher, that "the Ministry of Finance is the main responsible directly for formulating monetary policy of the country, including the salaries of state employees insurance, and not the central bank," he said, adding that "the government is capable of salaries of employees insurance, but it is not possible to predict how long long the financial crisis It imposes upon taking precautions. "

The appearance of Mohammed Saleh, said in an interview to the (long-Presse), in the (26th January 2016), that Iraq has agreed with the International Monetary Fund for long-term soft loans for the implementation of development projects, noting that the fund is among other conditions, government expenses, and modified some procedures related to economic policies, while counting economist that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.

It was the financial advisor to the Prime Minister and the appearance of Mohammed Saleh, announced Wednesday (July 13, 2016), received Iraq for the first meal of the IMF loan, and as he pointed out that the value of more than $ 600 million, noting that the money will go into the gates of the budget.

The Finance Minister Hoshyar Zebari announced on 19 May 2016, to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years, confirmed the bank's governor CBI, on the Keywords that the annual interest rate of the loan is up to 1.5%.