IMF: Iraq will return to the market in 2016



10/21/2015 17:00

The Fund plans to send a team to Iraq next month to negotiate the implementation of financial monitoring program.

BAGHDAD / Obelisk: detection of the International Monetary Fund (IMF), Wednesday, for planning to send teams in the near future for both Iraq and Jordan in an effort could pave the way for more aid, and as pointed out that Iraq's economy is suffering from the consequences of falling oil prices as well as waging war against al (Daash), stressed that Iraq will return to the market economy during the first half of next year.

The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed said in a statement that "the Fund is planning to send a team to Iraq next month to negotiate the implementation of financial monitoring, which may help make way for more aid to the country's economy which was damaged as a result of falling oil prices and the cost of war program waged against al Daash ".

Ahmed added, that "in the time that does not require the Iraq Programme to provide emergency aid from the International Monetary Fund, it will help in creating a framework for the diagnosis and treatment challenges prominent influence on the economy," noting that "the plan will begin in 2016 and then possible to put the foundations upon which to base by Iraq to submit to IMF funding to implement the program at a later time of the year. "

He said Ahmed, that "under discussion now, the program will help Iraq to receive aid from lenders among them the International Monetary Fund and reassure potential investors," adding that "it will pave the way for Iraq that is due to the market during the first half of next year to reap the Amul more to pay expenses ".

Within the economic growth indicators in Iraq, predicted the International Monetary Fund, that "economic growth rate recorded for Iraq during this year by following a zero for the contraction in the country's economy during the year 2014 by 2.1%."

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