IMF: Balancing 2016 will be adjusted in line with our 11-15
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Thread: IMF: Balancing 2016 will be adjusted in line with our 11-15


    
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    IMF: Balancing 2016 will be adjusted in line with our 11-15

    IMF: Balancing 2016 will be adjusted in line with our


    2015/11/15 (00:23 pm) - hits: 183 - number (3502)


    Baghdad/zahraa Hamid

    The IMF confirmed on Saturday that the Iraqi Prime Minister, Haidar Al-Abadi, a budget will be adjusted next year 2016 in line with the macroeconomic framework for the program that is being pursued by the Fund, while among the most important of those reforms to approve the draft law on financial management and complete survey of domestic arrears accumulated by the Government, and compile a list of bank accounts controlled by her, and the appointment of Auditors for financial statements for the good Bank and Rafidain, he did not support lowering the value of the dinar.

    The head of the IMF mission to Iraq, Christian gosz, in response to questions by the reporter (range), that "fundament the IMF monitored program is financial framework for Iraq to end in 2016", adding that "the Iraqi Prime Minister, Haidar Al-Abadi, there will be adjustments to the budget in 2016, submitted to the Chamber of deputies in line with the macroeconomic framework agreed under the programme being watched by experts Fund".

    Added "gosz program that monitors the Fund requires the commitment of the Iraqi government reforms affecting the country's public financial management, banking supervision, during the remainder of 2015 to 2016", stating that "most of those reforms to approve draft Financial Administration Act sent to the State Council, in line with comments from World Bank and International Monetary Fund.

    The head of the IMF mission to Iraq, "other reforms completing the survey of domestic arrears accumulated by the Iraqi Government, and collect a list of all bank accounts controlled by the Government to the Iraqi Central Bank, the Government and private banks," pointing out that "the reforms also include the appointment of Auditors of international accounts to audit the financial statements for the good Bank and Rafidain.

    And whether the IMF, satisfied with monetary policy in Iraq, despite the many criticisms, gosz, stated that "the Fund provided technical assistance to the Iraqi authorities for the implementation of foreign exchange policies and deregulation.
    On the position of the Fund of the devaluation, the head of the mission to Iraq, "the IMF is not supported, because the exchange rate nominal head pillar believes in a largely stable, after policies weakened by conflict with daash".

    In another axis to the effects of the President of the parliamentary Finance Committee, the late Ahmad Chalabi, and published (term), "said gosz discussions with the Iraqi side, not touching those files", but "but within the program that is being pursued by the Fund, that the Iraqi Government will impose fines and administrative penalties on banks, non-banking financial institutions which do not apply provisions and laws."

    The Iraqi Central Bank, announced Thursday (12 November 2015), imposing fines around 400 billion dinars to 40 banks, indicating that penalties imposed on non-bank financial institution, 426, manipulation of currency auction or non-fundamentalist, documents and imposing a Trusteeship on four banks, one of which, to some extent, while the rehabilitation of other banks, as well as multiple fines five billion dinars convergence concerning other banking violations.

    The International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945 to work on strengthening the integrity of the global economy, and the Fund's headquarters in Washington, d.c., and managed by its members, who include almost all the countries of the world with serious number 188 countries.


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    Last edited by RCookie-Legacy; 11-15-2015 at 03:31 PM.



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