Iraq, IMF discuss maximizing revenues and reducing unnecessary expenditure
29/3/2016 12:00 am Baghdad-morning

Yesterday I began in Oman financial and economic talks between Iraq and the IMF and the international financial institutions focused on reviewing the Fund's staff monitoring program of economic and financial policies for Iraq.

According to a statement by the Ministry of finance received the "morning"» Finance Minister Hoshyar Zebari, the Iraqi delegation, which also included the Governor of the Central Bank for relations and economic advisor to Prime Minister Mohammad Saleh appearance and representatives from the ministries of oil, electricity and planning directors of the Ministry of finance and accounting, budget and public debt».

The statement added that "representatives of the World Bank and representatives of the u.s. and the Japanese development agency JICA State participate in discussions by senior experts of the Fund, adding that the talks were focused on review» monitoring program of the Fund for the economic and financial policies for Iraq and to review expenditure policies and maximize revenue and reduce unnecessary overheads and financial deficit procedures».
The statement noted that "the entry into Iraq was discussed with the Fund arrangements for credit policy that Iraq qualifies for loans from the Fund and the financial institutions to support the Iraqi economy as a result of falling oil prices and requirements of confrontation with terrorism and Iraq need daash to economic reforms to balance expenses and revenues and meet the obligations of the social State".