The IMF carries oil prices and "Daash" responsibility to drain Iraq

Wednesday 30 March 2016 | 17:45

BAGHDAD / .. download head of the IMF mission to Iraq Christian Jooz, Wednesday, gangs organizing terrorist Daash, and continues to decline in crude oil prices, is responsible for the depletion of Iraq's economic resources, following a visit to the IMF mission to Iraq, after 12 days of talks with Iraqi officials .

Jooz said in a press statement seen "Eye Iraq News" it, that "the economic situation in Iraq has been traumatized as a result of armed conflict and oil, especially in the balance of payments, and income from the general budget."

He added, "The bilateral meetings between representatives of the Iraqi government, and the mission of the fund, has made progress in reaching an understanding on economic policy, finance, and that can be supported through financing (loans).

The Jooz, "The IMF mission will work in the coming period to help Baghdad in the debt burden, and take measures to protect the poor, and the introduction of reforms in the public finances, and improve the quality of public spending."

Soaring oil production in areas controlled by the Iraqi government to "reduce the decline in the local economy, but the gap in the balance of payments of up to 5.1% of the deficit to GDP," according to the International Monetary Fund.

He indicated that Iraq will depend on the Federal Moisntakh by about 85% on oil revenues, and the prices of which have fallen about 70% since mid-2014, which led to the declaration of austerity in most of the joints of the state, and make changes greatly influenced in the political process, including the state limbering and the abolition of ministries and merging Okhry.anthy 8