The International Monetary Fund expects Iraq to be a major contributor of global oil Standard IMF: the growth rate of the Iraqi economy outlook remains positive despite the current crisis

Author: HAA, HH
Editor: BK, HH
08/19/2015 17:47
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Long-Presse / Baghdad

International Monetary Fund forecast on Wednesday to witness the Iraqi economy “improved modestly” during the current 2015 by 0.5 percent due to the increase of oil production, with incidence more contraction in activity the non-oil sector, and with the exception of the rate of growth expectations in the medium term, is still positive, although it is less than the required rates before the crisis, he stressed that the growth will be determined by the desired increase oil production and recovery rates of growth in other sectors as well as the expected improvements to the security situation and the implementation of structural reforms.

This came in a report by the International Monetary Fund IMF, today, on economic growth indicators in Iraq, and the obstacles they face as a result of lower oil prices and the war against al (Daash), and its forecast for growth for future economic, in the wake of the end of Article IV of the current 2015 consultations , conducted by the executive body of the Fund with Iraq, according to published Fund and I followed (range Press).

The IMF said in his report, he said that “Iraq faces a double acute crisis arising from the organization Daash and falling world oil prices threats”, adding that “the GDP growth rate of GDP in the past in 2014, shrank by 2.1 percent due to the impact of the ongoing conflict in the country, despite the increase few in oil production and exports in 2013 compared to last. “

Fund predicted that “undergone a modest improvement on the overall Iraqi economic activity for the current year 2015 by 0.5 percent as a result of the expansion in the oil sector,” but he predicted the other hand, “a contraction in activity over the non-oil sector.”

Fund saw, that “the fall in oil prices ed to the decline in Iraq’s reserves of hard currency, including the Iraqi Development Fund allocations, from $ 84 billion at year-end 2013, to $ 67 billion at the end of 2014,” noting that “financial pressures continuing escalate expected expansion in the government budget deficit from 5.3 percent the past year with the record, to 18.4 percent during the current year, to the continued decline in oil prices, and rising spending to cover the humanitarian and security needs. “

He said the International Monetary Fund, that “the rate of growth expectations in the medium term, is still positive, although it is less than the required rates before the crisis,” noting that “growth will be determined by the desired rise in oil production and recovery rates of growth in the non-oil sector, which will be supported by the expected improvement in the situation security and implementation of structural reforms. “

Fund promised, that “the risk is still very high,” attributing it to “the escalation of fighting and political tensions and the weakness of the executive policy.”

He concluded advisers executives in the fund, that “the steps taken by the government authorities in Iraq are going in the right direction”, but they “asked for more tireless efforts to address the significant financial gap and maintain the sustainability of the momentum of reforms efforts.”

Fund recommended, the need to “make a rationalization in spending while maintaining a secure level on the priorities for the social aspect and the important things basis, and to achieve an adequate level of social security.”

Within the economic growth indicators in Iraq, predicted the International Monetary Fund, that “GDP growth rate up to 7.6 percent during the next year in 2016, and rise to 8.1 percent during the year 2017 the next,” while predicted that “rising oil production rates from 3.4 million barrels per day during the current year 2015, to 3.8 million b / d by 2016, and that up to 4.3 million b / d by 2017 “.

The Fund also predicted that “the Iraqi source oil prices rise from $ 54.7 per barrel during the current 2015 to $ 62.0 during the year 2016 to $ 67.1 during the year 2017”, and that “continues to climb to $ 69.9 a barrel in 2018 year.”

The oil prices more than 60 percent down compared to the summer of 2014 the past, having reached nearly US $ 120 a barrel, fell to the range of $ fifty now, in conjunction with the takeover (Daash) on more than one third of the country after (the tenth of June 2014) .

Isis executes Palmyra antiquities chief: Defender of ancient city’s past was killed for protecting its future

After a month, the militants realised that Khaled al-Asaad knew nothing – or would say nothing – and so they decapitated the old man and strung his torso to a Roman pillar

 Elissian secret Location Of The Roman’s City’s Priceless Artefacts, Khaled al-Asaad’s Gruesome Death Has Appalled His Fellow Archeologists.

“[He was] a joyful guy. You had to see him if you went to Palmyra.He was a guardian of the past, “a Lebanese archeologist, Joanne Farchakh, recalled. “You felt his passion when he talked.”

The 82-year old was long retired, remaining at home when Isis descended on Palmyra three months ago. What would the “Islamic Caliphate” want with an old man steeped in antiquity? Certainly no tour of the Roman forum and amphitheatre, the remains through which he walked with countless foreign archeological teams over half a century, ensuring – as Ms Farchakh said – “that they made no mistakes, did not get the facts of history wrong” .

An image posted on an Isis affiliated website shows a militant smashing items from Palmyra

An image posted on an Isis affiliated websiteshows a militant smashing items from Palmyra (AP)
In truth, Mr al-Asaad knew that most of Palmyra’s movable artefacts had long ago been taken to the comparative safety of Damascus (no one could transport the entire Roman city away), but Isis believed he knew where other treasures might have been buried.

After a month, the fighters realised that Mr al-Asaad knew nothing – or would say nothing – and so they decapitated the old man and strung his torso to a Roman pillar in the ancient city.

He had, in his long career as a civil servant, visited overseas archeological conferences, and this alone would have merited a death sentence in the eyes of his puritan torturers. If you work for the Syrian government, in however lowly a role, you are a “regime man”.

The ancient Roman city of Palmyra, pictured earlier this summer

The ancient Roman city of Palmyra, picturedearlier this summer (AP)
For months, Isis has operated an antiquities smuggling ring, selling objects from Syria’s Roman past to international dealers, usually through Turkey.

“Khaled al-Asaad was always there, and then he became a hostage,” said Ms Farchakh. “The truth is that Palmyra is a hostage itself – to two wars and to two political systems.”


Finance respond to the demands of the demonstrators and the disposal of funds

المالية تستجيب لمطالب المتظاهرين وتصرف مبالغ مالية
Finance Minister Hoshyar Zebari, Wednesday, with the support of the agricultural sector and assist farmers in creating the next season’s accessories. The source said in an official statement received by the agency, “and our response,” a copy of it, that “for the agricultural sector to support and assist farmers in creating the next season requirements, the Ministry of Finance disbursed (100) a hundred billion dinars to the Ministry of Commerce to cover benefits growers of wheat and rice.” The statement added, “It has also normalize regardless of the amount of twenty (20) billion dinars to the Ministry of Agriculture to cover the entitlements of farmers barley and corn.” Little, he “could esteemed farmers involved in the cultivation of crops above a review of the relevant ministries to receive their dues.”

Iraqi parliament: «patronage» al-Maliki and his soldiers «Alvdhaiaon» shares in the fall of Mosul

Thursday 5 a November 1436 e – August 20, 2015 m – number 17 223, page number (13)

Army failed to maintain the city despite prior knowledge of the details of the attack Daash ..

Maliki policy led to dilate Daash in Iraq


Iraqi parliamentary committee announced yesterday that the rapid fall of the city of Mosul in the hands of the organization Daash caused severe weaknesses in the efficiency of the military officials who were appointed by the former prime minister of nepotism. The committee said that the organization attack was preceded by a few days the arrest of a senior military commander in Daash admitted plan the attack and axes progress, however, this did not help Maliki in Mosul despite maintaining that the attack began without modification to the plan. The terrorist organization has dominated the major cities of Nineveh province (northern Iraq) middle of last year in the attack allowed him to stretch over large areas north and west of the country.

Maliki Army “space”

Taking the report on al-Maliki, who headed the government between 2006 and 2014, to choose leaders incompetent practiced under the leadership of all types of corruption, the most prominent phenomenon of aliens (soldiers and Humayun do not know them a receive salaries without be present in the field), and lack of accountability of corrupt elements by leaders and commanders, and that a larger role in the widening gap between locals and security services. And download the report Maliki and other security responsibility for the debacle, referring to favoritism and corruption is rampant and poor efficiency in the military leadership. He said that al-Maliki “did not have an accurate perception of the seriousness of the security situation in Nineveh because he was in his assessment depends on the reach of the misleading reports by the military and security leaders,” and that he “has not taken a firm decision after the collapse of the military units.” The report also carries the responsibility of “lack of commitment to building the military capabilities” and expansion through the formation of additional cuts “without attention to quality basic training and armament”, and many increase “the efficiency and training and the expense of quality.” The report cited that most of the military units were operating at about half capacity. Capper and al-Maliki said in a statement the day before yesterday that the report “has no value.”

Denial line: armored vehicles damaged!

The report quoted testimony commander of the second division in the Army, Brigadier Fadel Jawad Ali, who arrived in Mosul, two days before the crash, to replace another commander. Ali said he toured the city and did not find the usual checkpoints, as they were “abandoned armored vehicles, and has no soldiers”, adding that the census battalions one of his band was a soldier only 71 out of 500 registered in the payroll. When asked about the place of one of the defense lines in the city, others guided him to a street where officers found two armored Mattuptan, and said to him, “This is a block line.” And enable the organization after control of Mosul possession of the entire province of Nineveh, and benefited from the collapse of the security stretch south and west. The report pointed out that Qanbar is the commander of Nineveh operations team Mahdi Gharrawi, the morning of June 9, to prepare a plan to restore what has been lost from the city. “The plan has been put, but it did not carry out operations to the end of the fall of Mosul,” the dawn of today’s decision.

Rudaw correspondent speaks about Brett McGurk’s role in Erbil talks

By RÛDAW 6 hours ago
US Deputy Special Envoy Brett H. McGurk. AFP Photo.
US Deputy Special Envoy Brett H. McGurk. AFP Photo.
ERBIL, Kurdistan Region — Hevidar Ahmed, the Rudaw correspondent who covered the nightlong Erbil talks between the five major Kurdish parties in Erbil, has spoken about US Deputy Special Envoy Brett H. McGurk’s role in the talks.

“He came tidy with a beautifully knotted tie, but as talks dragged on, one could clearly see how tired he had become,” said Ahmed.

The Erbil talks were held at Saad Abdullah Palace between the five major parties to bring about a solution to the presidential crisis. Supporters of current Kurdistan region president Masoud Barzani would like him to remain in his post past the end of his term on Thursday.

“Ambassador McGurk was respected by all parties,” noted Hevidar. “He was running from one room to another to urge the parties to reach a consensus. Whenever he saw two parties engaging in a dialogue, he hurried to calm them down and help the talks continue.”

The Erbil talks held between Kurdistan’s five major parties concluded with the Kurdish parliament asking to postpone its session scheduled for August 19. Parliament Speaker Yousif Muhammed decided to dismiss the request, and called for holding the next session, but he failed to obtain a quorum. The aim of the session was to discuss Presidency Law amendments.

McGurk has called the talks “historic,” and urged all different parties for unity against the ISIS threat.

ISF foils ISIL attack on Baiji district, explodes 10 tanks bomb


Published: 2015/8/19 10:57 

Salah-il-Din (AIN) –The Iraqi security forces foiled on Wednesday an ISIL attack on Baiji district.

“Clashes erupted among the ISF supported by the popular mobilization units and ISIL terrorists in Baiji district, exploding more than 10 tanks bomb,” a security source said to AIN. /End/