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Ministers of Finance, Planning and Trade, in a press conference
Fire 140 billion dollars of Iraq's debt and the allocation of 11 billion investment
Baghdad-up morning
The statement Jabr Al-Zubaydi, Minister of Finance of fire 140 billion dollars of debt incurred by Iraq. Zubaidi said in a joint press conference with the Papan, Minister of Planning and farmer Abdul Sudanese Minister of Trade and Sinan Shabibi Central Bank Governor
Sunday : "This achievement comes in the light of an agreement signed between the Iraqi government and the International Monetary Fund, which promised to help Iraq reduce the ratio of debt to pay from 100% to 20%", praising the role played by some countries in the process of helping Iraq and the search for extinguishing debt. " He added : "Iraq was extinguished debt of 45 state rates ranged Between 100% and 80% Zubaidi praised the role of Saudi Arabia, he said : it promised to extinguish 80% of Iraq's debt as well as China, which showed its commitment to the rules of the Paris Club and fire 80% of its debts. " He continued : "A government direction of the commercial debt of the companies were extinguishing 96% of Iraq's debts to companies and only 4%, and this proportion in the form of payments Iraq owes to Arab and foreign companies are not known so far." He expected that Zubaidi solution has been reached with Egypt on its debts and said : "They expressed their readiness to extinguish debts on Iraq, stating :" We are not only funds Egyptian workers who left their money in Iraqi banks and deal with these funds in trust in these banks will commit to return.
"He pointed to Zubaidi : that "this year's budget is different from last year where it was noted that the proportion of the budget implementation ministries good Unlike some ministries which failed implementation, stressing the funds will be withdrawn from the ministries that we can not implement the budget and given to the ministries. For his part, the Minister of Planning, Papan : "was allocated more than $ 11 billion of investment and this amount is the largest in
Iraq so far is a government investment where this amount would generate more jobs and raise the Iraqi economy. " He added : "The inauguration of a planning unit in every province of Iraq to be in the service of conservation units and local governance." Showing : "These units run by a cadre of young and highly qualified will launch the process in the next few days." He continued : "We will be opening sessions of the computer and for administrative development centers in Basra and Mosul, as it is in Baghdad, pointing out :" unstable environment in Iraq, which impacted negatively on administrative activities.
"He said farmer Abdul Sudanese Minister of Trade : "There are a lot of difficulties encountered by the ministry, particularly with regard to financing, import, transport, storage and also financial difficulties and administrative corruption." He added : "This year we provided ration card Despite these difficulties, we have to import two million tons of grain, we have been able to distribute most of the quantities of the items of the ration card."
He continued : "We found that there is a requirement for some materials, for this we have to provide large quantities of food, grain and sought to improve the performance of the ration card.
Sudanese and admitted that there were some bad materials distributed at the ration card as a tea, and said : "We change and the lifting of other good alternative specifications of the study is to change detergents."
The Sudanese : "The warehouses of the ministry does not accommodate the needs of all Iraqi citizens is not only accommodate the needs of seven million citizens only. He emphasized : "the ministry's intention to expand these stores and Granaries."
Students help from : "the Ministry of Finance and Ministry of Planning to help in this order." He explained : "An 11 Malhekaya business outside Iraq, and work is underway to open another 10 Mlahkiat These attaché in the United States is extremely important to strengthen relations between Iraq and other countries."
"For his part, Sinan Shabibi governor of the Central Bank of Iraq : "The objective of monetary policy is to achieve price stability and done the work of all sectors."
He added : "The Central Bank is issuing currency does not want to decline followed and the World of monetary policy to stabilize Iraq economically, the Middle East region inflation that has afflicted Iraq in the past years, but said :" This year saw relatively stable inflation arrived Between 40% - 45%. The Shabibi : "the success of the bank formation of hard currency reserves reached 21 billion dollars, and which is described by the amount of good that can create a reassuring stability.
Translated version of http://www.alsabaah.com/
