IMF: The Iraqi government needs to develop a clear plan to reform its finances
Wrote: October 22, 2015

The International Monetary Fund is likely to give Iraq a large loan in the year two thousand and sixteen to help him achieve financial stability at a time when Baghdad suffer because of falling oil prices and the war being waged against terrorism.

The director of the Middle East and Central Asia Department of the Fund Masood Ahmed said the new IMF loan will be times the emergency financing of the Fund and approved in July this year and the value of one billion and two hundred and forty of $, hoping to build a record of policy implementation will be the basis for another program funding International Monetary Fund at a later time in two thousand and sixteen

Ahmad noted that Baghdad is not currently in danger of running out of cash because they can postpone investment projects and rely on the financing of the central bank if necessary, pointing out that the government needs to develop a clear and comprehensive plan to reform its finances, although the International Monetary Fund program may help in this.