The World Bank will lend Iraq $ 4 billion and “consultations Washington” will enable it to diversify its economy


International Monetary Fund


Author: ZJ
Editor: BK
10.10.2016 23:22
Number of Views: 276


Long-Presse / Baghdad

Affirmed the financial advisor to the prime minister, Haidar al-Abadi, said Monday that consultations fought by Iraq with the IMF and World Bank mission, resulted in getting loans is estimated at $ 4 billion over three years, while between it saw the agreement on the support of government’s reform program, including help Iraq to overcome the dependence on oil and combat corruption problems.

He said the appearance of Mohammed Saleh, in an interview to the (long-Presse), said that “Iraq’s consultations with the International Monetary Fund and World Bank, which concluded today, in Washington DC, was positive and successful,” adding that it “will allow Iraq access to soft loans from the bank international estimated four billion dollars over the next three years. “

Saleh added that “consultations provide for Iraq on a new batch of the International Monetary Fund during the current year 2016, with an estimated B643 million, out of a loan fund of three billion and 500 million dollars.”

He explained the financial advisor to Ebadi, “The consultations focused on evaluating the work of financial and monetary policies in the light of the government’s reform program, which will be, according to the reform document, announced by Prime Minister Haider al-Abadi, both in economic management and the fight against corruption or in the Iraqi public financial governance.”

Saleh continued, that “consultations saw agreement on the support of the reform program of the government, so as to help Iraq to overcome the dependence on oil and the fight against corruption and its waste problems,” she returned to “the success of consultations adds new strength to the victory of Iraq on Aldaasha terrorism and the reconstruction of our country after the expulsion of its remnants.”

And come Iraq’s negotiations with the International Monetary Fund and the World Bank mission to complement the first review, it has continued in Washington, DC, for the period from the sixth to the tenth of October, the current 2016.

Iraq had happened in July 2015, a payment equal to about one billion and 240 million dollars, through the “rapid funding,” a tool for the International Monetary Fund

Iraq and delivered by mid-July 2016, about $ 634 million, representing the first installment of the IMF loan, immediately after the IMF Executive Board approval, in (the seventh of this month), on the standby credit agreement with Iraq, noting that the term of the loan is five years low annual interest rate of one and a half percent (1.5%), and that the number of payments is 13 batch stretches over 36 months.

It is noteworthy that Iraq has agreed with the International Monetary Fund and World Bank to provide financial umbrella him up to $ 20 billion, to overcome the financial crisis as a result of the sharp decline in oil prices and the war against (Daesh).

Brent crude rises to $ 53.10 a barrel


History of edits:: 10/10/2016 19:0755 visits readable
US stocks opened higher on Monday, with the rise of oil and crossed to the highest level in a year, amid continued optimism to reach an agreement on production by November.
Brent crude of $ to $ 53.10 a barrel, its highest level in a year, while the Dow Jones Industrial Average 71.84 points to 18312.33 points. ”
Coincided rise of Brent with the start of the World Energy Conference in Istanbul, and the launch of some of the participants statements about the reach of OPEC members to agreement on production and the possibility of producers join Almstkulain.anthy

IMF members pledge to increase spending and the revival of world trade


10-10-2016 07:33 PM

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Orbit News –


Member States pledged to the International Monetary Fund to revive global trade and promote government spending and the removal of restrictions that inhibit the business sector in order to support growth. The pledge comes across as the most senior financial officials around the world have expressed fears public anger toward trade and globalization in the annual meetings of the Fundand the World Bank in Washington.
The Steering Committee of the IMF in a statement reported that «chronically weak growth revealed structural weakness lurking and threatening to curb growth potential could include everyone in a larger format.» Fund and theFinance Committee and pointed out in a statement that the uncertainty and therisk of decline and facing increased risks are growing as a result of protectionist policies and stalled reforms.
The statement continued: «affirm our commitment to a strong and sustained, comprehensive and rich growth of jobs and more balanced. We will use all policy tools – structural reforms and fiscal policy and monetary policy – on individual and collective levels. »
Urges Fund director Christine Lagarde States to make a greater effort to promote growth and increase spending on infrastructure and education , if possible , and to reduce reliance on monetary easing policies , which amountedto a range of impact.
Member States and renewed its pledge to abstain from competitive reduction of the value of the currency and the exchange rate target for the purposes ofenhancing the competitiveness and to disclose in a clear form of policy. The Commission has pledged to intensify efforts to fund the treatment of bad debtsand other problems in the financial sector caused by the recent financial crisis inthe developed countries the problem.
In addition, Lagarde announced that Egypt can receive «quickly» the first loan from the financial institution in the context of vital assistance plan for this country, amounting to $ 12 billion.
The Fund and the Egyptian government reached in mid – August , a tentative agreement on a loan of $ 12 billion over three years to support Egypt ‘s ailing economy, but the formal ratification of the financial institution conditional on aseries of prior reforms.
Lagarde said in a press conference: «To my knowledge, all of these prior reforms implemented in almost complete form» adding that she now hopes to approve IMF «quickly» to repay the loan.
He acknowledged the Egyptian parliament in late August , the value – added tax law to meet the demands of the financial institution in the hope of obtaining funds to counter the effects of the downturn in tourism sector and foreign investment.
And Friday , head of the Middle East Department at the IMF Masood Ahmed announced that the Fund ‘s approval of possible «By the end of the month , » he said , adding that approximately an additional six billion should come from other donors. The first tranche of the loan will be $ 2.5 billion.


The text of the Cabinet meeting decisions


Monday 10-10-2016 | 7:17:48

Haider Alebadi- XYZ

Haider Alebadi- XYZ

Twilight News / Cabinet held its regular Monday under the chairmanship of Prime Minister Haider al-Abadi, and discussed many of the issues raised in the agenda.

The Council of Ministers decided to approve accommodate the needs of the ministries and departments not associated with the Ministry of holding advanced degrees (master’s or doctorate) own movement where (Mazad about 5%, according to the Council of Ministers resolution No. 196 for the year 2016 (depending on the available database in the Ministry of Labour and Social Affairs The committee headed by the Minister of Labour and social Affairs to implement it.

The Council also approved the recommendations relating to the verification of the merits of ending the commissioning assistant university presidents and deans and heads of scientific departments in the Ministry of Higher Education and Scientific Research and Almninin orders bureaucracy, and who have been exempted under ministerial orders contrary to the law, according to the following:

1 / re-issued in favor of a judicial decision to office just to complete the remaining term of office works.

2 / The Ministry of Higher Education and Scientific Research, to study the possibility of re relieved of his violation of the law to the office for the purpose of completing the duration of the appointment if the position was now busy agency.

3 / bind ministry earlier not to exempt any of the dean or assistant chief of the University of authenticity under ministerial orders.

4 / directing the Office of the Inspector General at the ministry mentioned an investigation administrative report to the General Secretariat of the Council of Ministers on the failure of the competent departments in the ministry’s legal and administrative functions in providing object to the exemptions in violation of the law, according to Maystlzimh law Andhabt state employees No. (14) for the year 1991 Almadl.aly that Attertb sums of money on the implementation of this resolution.

* Approve the amendment to paragraph (i) item (3) of the Council of Ministers Resolution No. (333) for the year 2015, according to the following:

Taking into account what is stated in item (2) above, the choice of deputy ministers and advisers and those with special grades and Directors-General and rank shall be fixed earning granted allocations under special laws between the receipt of the funds provided under those laws or allowances granted under this resolution, and no right for them to combine these provisions.

The Cabinet approved the establishment of the Ministry of Higher Education and Scientific Research grant certificates and documents scholarships for graduates of medical and health colleges after a request to ensure that real estate or personal Bmajkovl application of the provisions of the third and ninth articles of the insert with medical and health professions Act, 2000 average.

In the area of the dams it has been approved transfers and financing amount Compare two billion dinars to the Ministry of financial resources for the beginning of operations, maintenance and repair the damage caused by the terrorist bombings at the entrance of energy and irrigation tunnel building in a power plant project the great hydroelectric dam and the invitation of the Chinese Noriko Shanghai company to manufacture and import of the paragraphs relating to maintenance .

The Council decided to protect the Ministry of Industry and Minerals products for a number of electrical and consumer products and military clothing and protective cables and citrus slices and sheets, aluminum and others.

The Council of Ministers discussed again the subject of Indian rice and listened to a detailed report of the investigative committee formed at the Ministry of Commerce of the measures taken, local and international laboratory tests, which confirmed the validity of the material for human consumption.


Oil hits highest level in a year



History of edits:: 10/10/2016 18:4220 visits readable
opened US stocks higher on Monday, with the rise of oil and crossed to the highest level in a year, amid continued optimism to reach an agreement on production by November.
Brent crude to $ 53.10 dollars a barrel, its highest level in a year, while the Dow Jones industrial average 71.84 points , to 18,312.33 points.
The Standard & Poor ‘s 500 index increased by 9.22 points to 2162.96 points, while the index rose Nasdaq Composite 26.34 points to 5318.74 points.
the rise of Brent coincided with the start of the World energy Conference in Istanbul, and the launch of some of the participants statements about OPEC members reached an agreement on the production and the possibility ofindependent producers join.

Kurdistan Regional Government announced Wednesday an official holiday


By Ziad alHaidari 40 minutes ago
شعار حكومة اقليم كوردستان
Logo Kurdistan Regional Government

Roudao – Erbil

Announced the Kurdistan Regional Government, said on Monday that next Wednesday will be an official holiday in all government institutions and departments, on the occasion of the tenth of Muharram.

A spokesman for the Kurdistan Regional Government, Sven Dzia, in a statement followed Roudao Media Network, said that “on Wednesday, a brief summary (12-10-2016) will be an official holiday in all state institutions and government departments in the Kurdistan Regional Government, on the occasion of the tenth of Muharram.”

Liberal parliamentary bloc plans to collect signatures for the legislation to abolish the post


Liberal parliamentary bloc announced its intention to collect signatures to enact legislation to abolish the posts of Vice-President of the Republic, stressing that the decision of the Federal Court of Aeetmahy with political reform.

The MP for Zainab al-Tai bloc it will begin collecting signatures from members of the House of Representatives in order to enact a law eliminating the posts of Vice-President of the Republic after the Federal Court decision, who spent re-vice president after more than a year removed from office.
He said al-Tai, that some of the decisions of the judiciary where political bush and try to Atvav the reforms advocated by the Iraqi street.