Zebari: Iraq, a country rich in natural resources

Baghdad scales News - Chaired by Finance Minister Hoshyar Zebari, the Iraqi delegation to the annual meeting of the International Monetary Fund and the World Bank which will be held in Lima, Peru for the period 9-11 2015.

According to a statement the Ministry of Finance / scales News / received a copy of "The minister took part in a symposium organized by the World Bank on the sidelines of the annual meeting of the Fund and the World Bank about the vulnerability in middle-income countries," noting the minister in his speech as a keynote speaker at the seminar mentioned to "challenges Iraq faces in this aspect."

He said that "Iraq does not face such a problem in all regions of Iraq, but in some places that were affected Bharb on terror and the occupation of the terrorist entity Daash to those lands."

On the other hand said the Minister of Finance that "Iraq, a country rich in natural resources, particularly oil wealth, but the drop in oil prices in the global market and the threat of terrorism Daash may impact on Iraq's ability to finance its budget, which form a deficit which, this side of the fragility faced by Iraq in this stage, to its dependence on a single supplier, which requires the diversification of its resources and this Matsay him the government in order to maximize resources and stimulate the economy and make economic and administrative reforms and the fight against corruption."

"The government has recently proceeded to a series of reform measures and a commitment to international transparency standards in providing and disseminating 2016 budget, on schedule and in Iraq is not grumbling from the political fragility because he had a constitution and institutions of a viable and continue to complain of fragility in the economy rentier structure and which needs to be fundamental changes."

This "made talk session World Bank Vice President for Operations Kyle Peter and which was attended by large economies advisers and official bank for the Near East and North Africa in addition to the participation of the Minister participated financial Jordan minister and civil society representatives from Tunisia, Libya, Palestine and Lebanon in the international symposium" .anthy 29 / d 25