Posts Tagged ‘International Monetary Fund’

December 31, 2013

Minister of Finance Agency purity of net debt to “budget for fiscal 2014 will begin shortly and close normally despite the withdrawal of coalition MPs are united from the political process.” (more…)

December 29, 2013

British firm involved in global economic analysis expects the continuation of the impact of political risk on the Iraqi economy during the next 2014.

This came in a quarterly report, the new released by Business Monitor Anturnashinal BMI British, on monitoring and analysis of global economic and trade, on the prospects for the commercial sector and economic situation in Iraq during the first quarter of 2014, the next, indicating that “the rate of growth of the Iraqi economy will be 10.6% and 9.2% in normal circumstances during the years 2013 and 2014, respectively, with the survival of private consumption and oil exports as the main engine of economic growth in the coming years, and that the risks surrounding this outlook lies in the deterioration of security resulting from the increased rates of political violence. ” (more…)

Business & Finance Friday, 27 January 1 / December 2013 22:51

Future News / MP for the coalition warned / united / Knight Sangaree the likelihood of intervention of the International Monetary Fund and his imposing certain actions on Iraq in light of the large deficit in the fiscal budget for next year.

He said in a press statement today that: “As a result of the existence of economic problems in the budgets of previous years and the introduction of a lot of things that we do not have it within paragraphs, led to the accumulation of economic problems have come to the proportion of the deficit in the budget next year, up / 30-35 / billion dollars.” . (more…)

MPs and experts in favor of warnings from the International Monetary Fund Iraq’s dependence on oil

Warned parliamentarians, economists and oil, last Sunday, of the consequences of Iraq’s dependence entirely on oil, and have expressed their support for the report by the International Monetary Fund on the performance of the local economy, and while confirming the parliamentary Finance Committee that they had already informed the government repeatedly remarks similar without having any reaction because the officials “lack insights economic future”, he saw an economist that the problem of Iraq’s funds is that they “run around irrational,” warned an oil expert of the consequences of non-crystallizing economic vision for the future. (more…)

IMF-Logo12.19.2013

A report prepared by experts at the International Monetary Fund Article IV Consultation with Iraq in 2013, which took place in the first quarter of the year 2013 in Amman, Jordan, that “in spite of the circumstance of the Iraqi difficult, the economic developments generally positive and has seen economic growth acceleration, At the same time did not hide his report the risks resulting from the decline in the level of political and security situations.

and followed (range) a chart he submitted the Resident Representative of the International Monetary Fund for Iraq, Ghazi reticles showing the latest economic developments and prospects in the medium term in addition to the risks and economic reforms. (more…)

12/12/2013 12:55
BAGHDAD / tomorrow Press: confirmed member of the parliamentary Finance Committee Magda al-Tamimi, on Thursday, the International Monetary Fund drew a report on the budget for Iraq in 2014 to the Ministry of Finance and a copy of it to the House and the Finance Committee he refers to the balance of 2014 to be discussed now before the Council of Ministers adopted on very optimistic assumptions about oil revenues. (more…)

12/07/2013

Carry Economists Iraqis on Saturday, “the new political order,” the responsibility of the deterioration of economic growth, and stressed that the increase in oil revenues, “tempts the governor to continue in office and increases the power of individual”, as attributed exceeded imports of 70 billion dollars in 2013 to “ignorance in water resources management helm, “called for” the formation of a body to manage financial resources managed by economists away from the political parties. ” (more…)

25-11-2013 09:40 AM

Iraq continues to expand its oil resources, but the diversification of the economy by about bigger is necessary, according to an analysis of what he saw Qatar National Bank QNB.

The analysis, published by the newspaper Gulf News UAE’s English-speaking, that in the wake of the Iraq war, the expansion of oil production in Iraq quickly, what produced a rise in the gross domestic product of $ 1750 in 2005 to more than 6300 dollars in the year 2012 in spite of social context is difficult. (more…)

Tuesday, November 26th, 2013
The Governor of the Central Bank of Iraq acting Abdel Basset Turki, all efforts to radically change the laws in the banking sector, under the guidance of the International Monetary Fund, stressing that «the new laws that advance economic reality». (more…)

The economist said the appearance of Mohammed Saleh, said that calls for amending the Law on the Central Bank of the table by the bank six years ago, noting that “the Banking Act current No. 94 of 2004 for commercial banking, and we do not have the law of investment banking for the purposes of development.”

and called for an economist appearance of Mohammed Saleh in contact with the (term), “banks that possess activities real agricultural, industrial or service and be king and operated for the benefit of the bank, and can buy the shares by more than 20% of the capital of the bank without the right to control the management and direction of investment, because the banks have financial surpluses Large and development of the country is Off not true that it is shutting down the investment window because of the nature of the law. ” (more…)

11/24/2013 11:40

The Central Bank of Iraq, on Sunday, seeking to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy. (more…)

18-11-2013 10:00 AM

Iraq faces the challenge of how to achieve greater economic diversification despite the continued expansion of the exploitation of its oil resources, nor the Iraqi economy is still suffering structural weaknesses, such as the small size of the non-oil sector and the dominance of the public sector at all joints of the economy, and the lack of an enabling environment for doing business. (more…)

Kuwait warned its citizens on Monday that model “welfare state” adopted by the Kuwaitis care from the cradle to the grave unsustainable It is time to change it.

Prime Minister Sheikh Jaber Mubarak Al-Sabah, through the provision of his government’s program for the next four years to the parliament, “The truth that everyone should mindful, is that the current welfare state which she is accustomed Kuwaitis are not viable.” (more…)

Screen Shot 2013-01-25 at 9.22.52 AMSuri calls to strengthen the Iraqi dinar and turn it into a currency is possible to deal internationally

October 22, 2013

Called banking expert Majid picture, today, to strengthen the Iraqi dinar and turn it into a currency is possible to deal at the international level, not just local.

He said the picture: that local الضروف and international inappropriate disengagement of the Iraqi dinar to the U.S. dollar, ruling out the success of the disengagement of the Iraqi dinar to the dollar being tied to the global system and the development of local industries and agriculture, then the right conditions will be available disengagement dinar to the dollar. (more…)

10/19/2013 – 11:25

Central Bank of Iraq, on Saturday, on his quest to find a balanced ratio of gold with hard currency reserves, considering that whenever the reserve size increases less than the contribution of other components.

The governor of the central bank and agency Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “The Bank seeks to balanced ratio of gold compared to reserves of hard currency from the currency,” noting that “the high bank reserves of hard currency leads to low gold and we are working to increase procurement to maintain a balanced ratio of gold. ” (more…)

A citizen’s Deputy Prime Minister for Energy Affairs Hussain al-Shahristani «The International Monetary Fund estimates indicate that Iraq will keep the rate of increase in economic growth over the next five years, while considered that the year 2014 will be a year of investment in the country, called for a non-

Deputy Prime Minister for Energy Affairs Hussain al-Shahristani «The IMF estimates indicate that Iraq will keep the rate of increase in economic growth over the next five years, while considered that the year 2014 will be a year of investment in the country, called the reliance on the oil as a source of economic and sole. (more…)

09/10/2013 16:44:00
Baghdad/ NINA /–Head of the Iraqi Central Bank Governor by interim Abdul Basit Turki headed Iraqi delegation to attend the annual meetings of the International Monetary Fund in Washington.

The central bank said in a press statement that ” Turki heads the delegation which arrived to the U.S. capital of Washington to attend the annual meetings of the International Monetary Fund ( IMF ) and the World Bank as governor of Iraq to the Fund.” (more…)

IMF: the transformation of the Arab Spring is the hardest and longest worldwide

Published on Friday, 04 October 1 / Okrudolf 2013 13:43

International Monetary Fund warned on Thursday, the repercussions of the Arab Spring on the global economy, expressing fears of continuing it for a longer period.

The Director of the International Monetary Fund (IMF) Crecyt Lagarde, in a statement quoted by Reuters news agency, said that “changes in the countries of the Arab Spring may be the hardest and the longest in the world. (more…)

Screen Shot 2012-09-20 at 9.26.27 AMFinancial representative demanding the Central Bank printed new currency with small groups to create a balance in the market

Baghdad/file News: the parliamentary Finance Committee, demanded on Tuesday, the Central Bank printed new currency with small groups to create a balance of the quantity in the Iraqi market.

Committee member, said Haitham Al-jubouri said in an interview with the news agency “that” the Commission recorded a shortfall of some categories of Iraqi currency particularly small groups owing to rapid circulation and damage between citizens “. (more…)

Central bank: the increase in oil prices raised our reserves of foreign currencies and gold to $ 80 billion

09/22/2013 19:24

Range Press / Baghdad
Iraqi Central Bank revealed on Sunday, the arrival of foreign currency reserves and gold to about $ 80 billion, while attributed to an increase in global oil prices, the reserve expected to increase over the coming months.

The central bank governor said the agency, Abdul Basit Turki, said in an interview to (range Press), said that “reserves the central bank of hard currency, كالدولار, as well as gold, reached about 80 billion dollars,” noting that “the increase in the reserve, which was until last June of about $ 74 billion, due to an increase in global oil prices. ” (more…)

Significant Economic Growth Optimism In Iraq
On September 7, 2013 in the economic

Baghdad: Network Akhbaralarac – connects economists and Naftyon Iraqi optimism to achieve their country’s strong economic growth anticipated, provided political stability, drilled 115 locations oil estimated quantities estimated at 350 billion barrels and additional drilling operations in more than 450 fields in different parts of Iraq, which contain more of 530 geological complexes stored oil reserves are enormous. (more…)

IMF: emerging economies will be affected by the change of U.S. monetary policy

The International Monetary Fund said in a memorandum prepared for the Group of Twenty meeting in St. Petersburg, the advanced economies, led by the United States will push global growth increasingly, while emerging economies face the risk of slowdown

As a result of tightening of U.S. monetary policy. He urged the Fund in the memo obtained by Reuters on further global action, to stimulate growth and improve risk management, warning of the growing likelihood of an economic downturn. (more…)

Screen Shot 2013-08-15 at 1.15.40 PM

Leader of the National Alliance, Haider al-Abadi

Parliamentary Finance reveal postpone the deletion of zeros until after parliamentary elections

Author: MK
Editor: HH, OK 15.08.2013 15:20

Revealed the Finance Committee in the House of Representatives on Thursday to postpone the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government demanding guarantees for currency Replaced not return to markets and forgery.

Committee Chairman Haider al-Abadi said in an interview to (range Press), “The Finance Committee supports the replacement of the currency and delete the zeros because it will initiate the calculation,” stressing that “it is possible to delete the zeros from the current currency, but it has been postponed until after the parliamentary elections.” (more…)

Parliamentary economy: do not fear capital flight from the country being a non-existent

excluded the parliamentary economic committee, Sunday, fears of foreign capital flight out of the country, being a “non-existent”, noting that the country lacks heads the money that will differentiate him things because of the status quo.

A member of the Committee Deputy Qusay F Ebadi for “View News”, “The security situation existing in Iraq is not new, but is based in more than eight years,” stressing that “Iraq originally contains no money foreign investment so huge fear them from escaping” . (more…)

Economist expects capital flight from Iraq in the coming months

BAGHDAD / News: detecting an economist Majid picture, on Saturday, the possibility of capital flight Iraq and Alajnah from the country during the next few months because of the unstable security situation, calling on the government to speed up reassure local and foreign investors to operate in Iraq. (more…)

08/03/2013 12:00 AM

WASHINGTON – Xinhua urged the director of the International Monetary Fund Christine Lagarde on better cooperation in world politics and economic reforms help to meet the challenges set out in the advanced and emerging economies.

said Lagarde: It is after the outbreak of the financial crisis, there was a global collaboration «intensive really» in policy-making in the colloquial 2008 and 2009, but after the easing of the crisis and initiate the global economy in recovery, reduced the frequency of pressing demands to cooperate. (more…)

Report of the International Monetary Fund (IMF) / Mohammed Sharif Abu Mayssam

Published on Thursday, 01 August / August 2013 20:03
Did not bring the report of the International Monetary Fund recently released a new, could refer to the new features of evolution or a citizen of the defect, unknown in the body of the Iraqi economy, in spite of rumination with sentences and words. (more…)

30/07/2013 13:44

informed banking sources said that the report on the acts of the Executive Board of the International Monetary Fund last May endorsed the central bank’s target Iraqi central goal of liberalization of the foreign exchange market. (more…)

International assessment of the economy and its sustainability

07/29/2013 12:00 AM

Yasser incumbent
optimistic frequently exit of Iraq from the provisions of Chapter VII and rely upon the achievement of economic advancement and coincided with the decision issued global assessment of the IMF, which predicted through which to reach the growth rate in Iraq (9 percent), and is now required to Nadim this optimism and Nstthmrh to compensate for the country than death of development and reform, but we note that some malpractices may deprive us of the opportunity to take advantage of them, especially in the treatment of some of the negatives incorrectly and that the processors are made ​​through statements to the media and practices suspicious with international companies and international banks such as that exercised the right of the Iraqi banking sector and deal with the challenges faces. (more…)

IMF stresses the need for the adoption of Iraq’s economic reform process and the broad

The head of the IMF mission to Iraq Carlo Sdrallweg, that Iraq needs to formulate structural economic reform agenda and widespread, and it needs to follow up the implementation of that agenda with all its contents.

Allweg said at a press conference during his visit to Iraq, said that “Iraq upon the implementation of a lot of work in the field of public finance, and improving the management of the budget, and most importantly, to be in the area of improving growth and poverty reduction as well.” (more…)