Iraq looking with the International Monetary Fund financial crisis 11/9/2015
Iraq looking with the International Monetary Fund financial crisis
11/9/2015 0 Comments
Held an Iraqi delegation headed by Finance Minister Hoshyar Zebari with senior officials and experts of the International Monetary Fund talks to study the financial and economic situation of the country and ways to support the Fund for Iraq. A statement from the Ministry of Finance, received for News Agency (et) a copy of it, that "the financial and technical talks between the government delegation to the representatives of the financial, oil and planning ministries and the central bank with senior experts and officials of the International Monetary Fund IMF Take place in the Jordanian capital, Amman, to study the country's financial and economic situation and ways of supporting the Fund for Iraq.
And participate Finance Minister Hoshyar Zebari and Governor of the Central Bank on the Keywords and financial and economic adviser to the prime minister appearance of Mohammed Saleh and directors of budget and accounting departments, public debt, and representatives of the Ministry of Oil and Planning and the Central Bank in these talks.
Consultations are under way to reach a memorandum of understanding for technical Fund monitoring program to strengthen public financial management and strengthen cash management and provide stability to the financial sector in the country, it is scheduled to continue these consultations several days.
The International Monetary Fund and the end of last July urgent assistance to Iraq $ 1.2 billion to address the economic consequences resulting from terrorist attacks Daash gangs and the deterioration of oil prices.
The IMF said in a statement that the loan will be repaid immediately, which would "help Iraq in the face of this double shock" suffered by the Iraqi state budget cuts have caused the cash reserves.
He explained one of the assistant directors of the International Foundation Mtsuhiro Vorosawa in the statement that "the double shock of the attack Daash and the deterioration of world oil prices exacerbated the state deficit seriously and caused the reduction of international reserves."
Fund stressed that such assistance will allow Iraq to meet the "urgent needs" to finance the country.
The fund had been granted Iraq in the 2010 line of credit worth $ 3.5 billion, it ended at the beginning of 2013.