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Walkingstick:  Finance Minister: Iraq revives plan to sell bonds two billion dollars in 2016
Monday, 28 December 2015 18:43

Finance Minister: Iraq revives plan to sell bonds two billion dollars in 2016

http://www.alsumaria.tv/news/155430/%D9 … 7%D8%AA/ar

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Walkingstick:  Finance Minister: Iraq revives plan to sell bonds two billion dollars in 2016
Editor Ali Jasim – Monday, 28 December 2015 18:43

announced Finance Minister Hoshyar Zebari, on Monday, that Iraq has revived a plan to sell bonds two billion dollars in the budget of 2016, as pointed out that liberalization of gray will strengthen the Iraqi government’s position and facilitates the confidence of international institutions there.

Zebari said in an interview with “Reuters”, that “budget in 2016 allows the government to sell bonds two billion dollars if lacked sources of funding for the targeted spending project,” adding that “the government hopes to conclude a better deal if you decide to resort to the bond market in 2016 with the achievement of the armed forces victories sustained on Daash and support of the World Bank and the International Monetary Fund’s Government Center Financial. ”

Zebari said, that “the international institutions’ confidence in the country will facilitate the issuance of sovereign bonds process”, believing that “the liberalization of gray will strengthen our position.” And was suspended the bond sale plan, the first of its kind offered by the Iraqi government in the international market by about ten years, in October as investors demanded a yield of 11 percent.

The Iraq sold in 2006 bonds worth $ 2.7 billion worth in 2028, and got Iraq on the classification -B of agency Fitch Ratings in August. Oil prices fell to less than half in the eighteen recent months, which is what reduced government which was formed crude sales 95 percent from income.

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