Consultant Abadi: international institutions willing to assist Iraq in the face of "financial distress"

04/02/2016 (0:01 pm) - The number of readings: 97

Baghdad / long - Presse

Confirmed economic advisor to the Prime Minister, Haider al-Abadi, on Friday, the seriousness of the international community to help Iraq and enable it to meet the "financial distress" current. While the IMF plans to secure "a global financial umbrella" for Iraq through its lending nearly $ 16 billion, counting that it supports the "authentication" of Baghdad and a guarantee for the international financial community to give more aid and soft loans.
He said the appearance of Mohammed Saleh, in an interview to the (long-Presse), "The talks with the IMF, which took place in the Jordanian capital of Amman two days ago showed the seriousness and the international community to help Iraq and enable it to cope with the financial distress experienced by now and the repercussions of falling oil prices." Saleh promised that "the IMF is serious lend Iraq nearly $ 16 billion over the next three years to be global to the country a financial umbrella," adding that "the agreement with the IMF confirms Iraq authentication and guarantee allows the international financial community to grant more soft loans and aid according to accurate plans through a global program. "
The Jordanian capital Amman witnessed, in (the 28th of March, the last in 2016), talks between Iraq and the experts of the International Monetary Fund, to review the Fund's staff monitor economic and financial policy program for Iraq and maximizing revenue and reducing public expenditure is necessary.
The Ministry of Finance announced on Thursday (31 / March / 216), the signing of the minister, Hoshyar Zebari, on loan from the Japan for Iraq worth $ 220 million.
The ministry said in a statement seen by the "long", "The Finance Minister Hoshyar Zebari met with Japan's ambassador to Iraq, Fumio Iwai presence of the chairman of the Japan International Cooperation Agency Office (JICA) Yoho Hayakama."
The statement added that "the Minister of Finance made during the meeting to sign a development policy loan financial reform in the amount of 250 billion yen, equivalent to $ 220 million, a direct cash loan to support the 2016 budget."
He said, "This loan is part of a co-financing with the World Bank, which already is the other, and provided a loan to Iraq to support the development of financial reform policy."
Zebari praised, according to the statement, "the role of the Japanese government and people in support of Iraq in the development process and economic reform as well as ongoing support for Iraq in its war against the entity Daash."
The Ministry of Finance signed on Monday (25 May 2016), with Japan on the two loans facilitators energy and sanitation, $ 909 million dollars.
The International Monetary Fund IMF: The International Monetary Fund, likely in, (thirtieth of March current), the possibility of approval to lend Iraq $ 15 billion over three years, through June. While it would provide between five billion of them to believe the rest of other financial institutions and donors, he stressed that Iraq will receive five billion during the current year 2016, and the rest at the end of the agreement period.
The Finance Minister, Hoshyar Zebari, signed on 30 March 2016, Iraq received financial aid from donors and financial organizations of six billion and $ 400 million during the current year 2016.
The appearance of Mohammed Saleh said in an interview to the (long-Presse), in the (26th January 2016), that Iraq has agreed with the International Monetary Fund for long-term soft loans for the implementation of development projects, noting that the fund is among other conditions, expenses government, and amended some of the procedures relating to economic policies, while counting economist that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.
Iraq had announced (13th January 2016), for the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves, indicating that this means reducing the reserves of $ 59 billion October 2015 the last end, to 43 billion during the this year.