:: 15/06/2015 13:14 •
[Baghdad - where]
Search and Finance Minister Hoshyar Zebari in Turkey, with international banks in the performance of the Iraqi economy under the deficit witnessed in the general budget.
A statement by the Ministry of Finance, on Monday, the agency received all of Iraq [where], a copy of "Zebari and his accompanying delegation, discussed today with a number of international banks [JP Morgan, and City Bank, and Deutsche Bank] for a second day of negotiations in Istanbul to find the financial resources to cover the deficit in the 2015 budget.
" He added that "the minister reviewed the performance of the Iraqi economy under the current circumstances, the role of the federal budget for this year in cost control and enhance the resources."
The statement said that "technical delegation presented its observations to the queries raised by the representatives which three banks and related economic activities in all sectors.
" He continued that "the meeting was held in the presence of Prime Minister Counselor for Economic Affairs and experts of the Ministry of Finance.
" The Iraqi government delegation includes Finance Minister Hoshyar Zebari, and Oil Minister Adel Abdul-Mahdi, and the Minister of Planning Salman Jumaili, as well as Governor The central bank on
the Keywords, Advisor to the Prime Minister for Economic Affairs appearance of Mohammed Saleh,
as well as senior advisers and experts ministries involved and the Central Bank, arrived yesterday evening, to the city of Istanbul to discuss the final stages in the process of sovereign government bond issuance in the global financial market.
The Finance Minister Hoshyar Zebari , said in the 30 of last April, said that Iraq was seeking sovereign rating and continue with the credit rating agencies, as it prepares to issue huge bonds worth five billion dollars needed to cover the financial deficit caused by low oil prices.
Iraq has announced an earlier time, it will be issued bonds worth five billion dollars in the first issued in the international bond market nine years ago, and is in dire need of liquidity as the government predicted that this year's deficit up to about 25 percent of the size of the budget of 100 billion dollars.
It is said that, Law Budget for 2015 authorized the government to issue sovereign government bonds by seven trillion dinars to cover the fiscal deficit in the budget
[You must be registered and logged in to see this link.]