03/21/2011 Adviser to the CBI: borrowing from the World Bank should be directed to invest
واع/ بغداد / ت.ص Conscious / Baghdad / T. R
Expressed the central bank adviser, Mohammed Saleh expressed support for Iraq's cooperation with the global economic institutions away from the international isolation,in reference to the decision of the International Monetary Fund lending to Iraq.
He said Muhammad in a telephone conversation with (the Iraqi Media News Agency / INA) that "after the results of the international financial crisis hit economies
The world to many vibrations and the International Monetary Fund for the first time he goes to the lender Of public budgets."
He explained that "Iraq needs to Economic Development
Especially as the operating budget dominated everything a consumer 100% and the areas of investment narrow in Iraq Bcespb restriction placed in the operating budget inherited from previous regimes, and thus it needs to be development to employ correctly for electric power and construction, ports and this is the responsibility of the Ministry of Planning. "
He said the "loan from the World Bank is very soft and the amount Total 3.7 billion dollars does to loans from Japan, and the interest rate not exceeding 1% and the duration of consumption does not exceed five years. But the financial system in Iraq is in need of reform because it is built on the basis of lack of transparency and adopt the old standards Unhealthy and therefore what it insists Fund, the World Bank is to explain the financial management system by. The Iraqi government to be transparent and clear of Computing. "
He added that "building relationships with global institutions of economic isolation, something true and very dangerous Pointing out that the Iraqi regime since 1977, encouraged the isolation with the international financial system And then we started Cut information on the Fund for the World Bank and other consultations In this area in 1988 and after a isolate Iraq and the impact on the current economic situation. "
And on the threat caused by loans to the economies of countries, said adviser to the CBI that "the International Monetary Fund in which 188 member Aohma does not mean that the states العالم تلك World that مهددة Threatened
And live the danger of this great, especially as the exaggerations of Iraq's riches and is not subject to the guardianship or international pressure and has the potential of a need for international cooperation and without the cooperation of the international economy are exposed to the risk of Athmd consequences, stressing that there is a real indicator is that Fund, the World Bank when Gives the loan means that this country has a future and that his policies are correct and therefore we are in need of such international trust over 30 years Suffering, expressing his belief that the cooperation with the world correctly and directives mean the tutelage of reform of the financial system and the economy need to lend to the International Fund, noting that in the case of lending from the World Bank is supposed to be
Go to the fields of investment, development and improvementPower stations because the dilemma the country now is electric power. "
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واع/ بغداد / ت.ص Conscious / Baghdad / T. R
Expressed the central bank adviser, Mohammed Saleh expressed support for Iraq's cooperation with the global economic institutions away from the international isolation,in reference to the decision of the International Monetary Fund lending to Iraq.
He said Muhammad in a telephone conversation with (the Iraqi Media News Agency / INA) that "after the results of the international financial crisis hit economies
The world to many vibrations and the International Monetary Fund for the first time he goes to the lender Of public budgets."
He explained that "Iraq needs to Economic Development
Especially as the operating budget dominated everything a consumer 100% and the areas of investment narrow in Iraq Bcespb restriction placed in the operating budget inherited from previous regimes, and thus it needs to be development to employ correctly for electric power and construction, ports and this is the responsibility of the Ministry of Planning. "
He said the "loan from the World Bank is very soft and the amount Total 3.7 billion dollars does to loans from Japan, and the interest rate not exceeding 1% and the duration of consumption does not exceed five years. But the financial system in Iraq is in need of reform because it is built on the basis of lack of transparency and adopt the old standards Unhealthy and therefore what it insists Fund, the World Bank is to explain the financial management system by. The Iraqi government to be transparent and clear of Computing. "
He added that "building relationships with global institutions of economic isolation, something true and very dangerous Pointing out that the Iraqi regime since 1977, encouraged the isolation with the international financial system And then we started Cut information on the Fund for the World Bank and other consultations In this area in 1988 and after a isolate Iraq and the impact on the current economic situation. "
And on the threat caused by loans to the economies of countries, said adviser to the CBI that "the International Monetary Fund in which 188 member Aohma does not mean that the states العالم تلك World that مهددة Threatened
And live the danger of this great, especially as the exaggerations of Iraq's riches and is not subject to the guardianship or international pressure and has the potential of a need for international cooperation and without the cooperation of the international economy are exposed to the risk of Athmd consequences, stressing that there is a real indicator is that Fund, the World Bank when Gives the loan means that this country has a future and that his policies are correct and therefore we are in need of such international trust over 30 years Suffering, expressing his belief that the cooperation with the world correctly and directives mean the tutelage of reform of the financial system and the economy need to lend to the International Fund, noting that in the case of lending from the World Bank is supposed to be
Go to the fields of investment, development and improvementPower stations because the dilemma the country now is electric power. "
http://translate.google.com/translate?hl=en&sl=ar&u=http://al-iraqnews.info/new/political-news/54100.html&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&twu=1
