Al-Rafidain: This is the reason for the delayed payment of salaries of retirees

The Rafidain Bank attributed the reasons for the delayed payment of salaries of civilian retirees for the month of August so far, because of the arrival of lists and their names and statements by the Pension Authority.

The media office of the bank in a statement received a long copy of it that "the delay borne by the Pension Authority that the Rafidain Bank is the executive in the process of exchange has nothing to do with this delay."

He explained that "the bank will be immediately upon the arrival of the instruments for retirees and feed them the financial balance by retirement and disbursement immediately and without any delay.

A Japanese loan for electricity projects in Iraq
Japan has agreed to lend Iraq up to $ 195 million for a project to help repair a thermal power plant in the southern province of Basra, a government statement said on Saturday.

Iraq is a major OPEC oil producer but has a chronic electricity deficit. Its weak network faces difficulty in meeting demand after years of war, sanctions and neglect.
Prime Minister Haidar al-Abadi's office said in a statement that the loan agreement was signed during a visit by Japanese Minister of State for Foreign Affairs Kontaro Sonora, who met with Abadi yesterday.

Iraq needs external funding to fill the budget deficit, estimated at 25 trillion Iraqi dinars (21.44 billion dollars) this year at a time suffering from the decline in international oil prices and the cost of fighting the organization of the "Islamic State" (Dahesh).

Government adviser reveals talks to settle Gulf debt
The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Saturday, the existence of talks to settle the Gulf debt and closing it completely, indicating that the Gulf debt amounts to 45.6, including compensation Kuwait.

Saleh said in an interview with the "Economic News" that "what the media are reporting on the influx of Iraqi debt is incorrect because it must be deleted the amount of 41 billion of the total debt," noting that "Gulf debt is 41 billion dollars of sovereign debt Belong to countries outside the Paris Club members and are covered by the terms of the Paris Club Agreement. "

He added that "the Gulf countries did not demand debt and did not submit debt documents to the International Auditing Company E & Y since the Paris Club agreement at the end of 2004," noting that "Gulf debts are mostly fictitious claims and linked to the Iraq-Iran war."

He pointed out that "there are debts within the compensation of the war of Kuwait, 4.6 billion and suspended payment of premiums since 2015 by 5% was deducted from the value of each barrel of Iraqi oil source," adding that "there are consultations to resolve this issue and close his file for a final."

The International Monetary Fund, announced on Wednesday, 2 August 2017, that the Iraqi debt during the current year of 122.9 billion dollars, expected to rise next year to 132.6 billion dollars.

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