Investment of economic success
16/8/2017 12:00 am
Two business days before events deserve us to stop by and invested optimally, I represent in the congratulations offered by the International Monetary Fund of the Central Bank of Iraq and to the Iraqi Government on the success of the second audit consultations standby credit agreement after the implementation of the programme and agreed monetary and fiscal goals to ensure financial stability to Iraq and potential challenges for the years Ahead.
The importance of this comes from the fact that the Fund did not pay he States but dealt with discretely loud so that this message means the real success of economic and monetary policy file management specifically, moreover, this step will provide financial support limits (850) million to initiate Fund, as well as the limits of one billion dollars through the World Bank.
These loans in turn gives green light to other international financial institutions and the private sector in dealing with Iraq on as data Confidence.
The second event is associated with the first is Iraq's success in issuing Government bonds worth one billion dollars in the international market, and this data highlighted the success is that these bonds guaranteed by the Government of Iraq and not (as in the first offering), besides the interest rate paid was less than expected as it hit the limits (6, 75%) per annum and is even less than the interest paid of some Gulf States and lower than expected before the release of the limits (8%).
Obviously the trust factor in the future of the Iraqi economy was his role in this event where the total requests for Iraqi bonds more than six billion dollars, and that trust is the result of reforms that worked on Iraq with the Fund on the one hand and his success in defeating terrorism and his ability to arrange internal papers and crossing the financial crisis despite the harsh conditions experienced during the past two years by the hand The other.
These plants need more light shed on them first and sustain the momentum of the successful second, if the first responsibility rests with Iraqi media in all its forms the second responsibility rests with the State Executive and legislative organs and the SFC, I believe that a favourable opportunity today, more than ever, especially in terms of stability and improved foreign relations x p with Dole Nearby.