Abadi adviser: to Amajaov of Iraq's debt at the moment

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Economy News / special ...

The progress of the development policies of the Institute of Systems, on Saturday, an economic seminar carried the title of Iraq's debt actually economic consequences.

Terrace Dmahdi Hafiz session Commentator Dr. Salah Nouri al-Khalaf and lecturer Dmzar Mohammed Saleh, the financial advisor to the Prime Minister Haider al-Abadi.

Dr. appearance of Mohammed Saleh during the seminar which was attended by "Economy News" Baijasaly debt owed by Iraq and its effects on the Iraqi economy during the years of budget deficits since, and touched on the debt in the Paris Club to reduce and scheduling.

Saleh added, that the challenges facing Iraq and in the forefront of the war on Daesh terrorist and lower imports of Iraq because of the drop in oil prices pushed Iraq to the external borrowing from the IMF and other international financial Institutions Fund, which returned the debt problem to the forefront, and assured the audience that Amajaov debt despite the negative effects For now.

Saleh also highlighted, that the IMF lends to Iraq mechanisms of complex and varying degrees of benefits, and appealed to the Iraqi diplomatic Dmzar pressure toward debt reduction and cancellation by the Paris Club.

For his part, Commentator Dr. Salah Nouri al-Khalaf said the Office of Iraq declared in total transparency and the Supreme Audit audited their own accounts, including the application of the conditions and mechanisms for lending.

There were then discussions and numerous interventions made by the group of experts and interested participants revolved around ways to debt treatment and minimizing the effects and made proposals in this regard will be working on the studied and submitted to the concerned authorities, was emphasized on the need to exert pressure to return the money smuggled abroad as a recommendation important to address the debt raised .

In the intervention, economic adviser to the Association of Iraqi private banks Samir Nasiri, pointed out that there is already wrong policies led to the current situation. It must be a policy for the management of funds in Iraq at the present time. He called the economic elites to take action to bridge the budget deficit and the state must inform citizens on every detail, stressing that causes real internal borrowing is no longer only to the current economic situation, but rather return to the bad management of public funds and the shortcomings of the economic approach administration therefore is not established sovereign fund at a time of abundance, similar to oil-producing countries.

Alnasiri have wondered about the difference in prices between the estimated budget of $ 42 a barrel and the price of its current price, which reaches an average of 52 dollars, how are disposed to cover the deficit for 2017 and whether the budget extension will be issued at the end of the first quarter of this year to rooms inform the public of it.


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