IMF: Baghdad is committed to reducing spending and there are varying estimates and achieved export figures
The International Monetary Fund is likely to lend Iraq $ 15 billion

Author: BS, ZJ
Editor: BK, BS
05/04/2016 16:56
Number of Views: 184

Long-Presse / Baghdad
Confirmed the International Monetary Fund for Iraq Mission, on Tuesday, on a disparity of Iraqi oil exports estimated quantities in the past 2015 budget, with realized actually it, stating that it "will not affect" in Iraq for the upcoming international finance long been committed to the program agreed upon and mechanisms to monitor .

The head of the mission, Christian nut, in response to a question (range Press), about the disparity in the amount of Iraqi oil exports between the estimated them in the federal budget actually realized, "The Fund noted that gave advice to the Iraqi government about it has taken him."

He coconut, that "the Iraqi budget for the year past 2015, the estimated oil exports three million and 300 thousand barrels per day, the export price of $ 56 a barrel, while realized in that year was three million barrels per day at an average of $ 48 a barrel," noting that " Fund advised the Iraqi authorities to reduce expenditures in light of the decline in imports compared to what is estimated in the budget, where the latter committed to it. "

And on the impact of this in the forthcoming from the Fund for Iraq funding, the chief of the IMF mission to Iraq, that "affect the funding."

The coconut, that "the Fund agreed with the Iraqi authorities on financing the program and mechanisms of control in November 2015 the past, to help deal with the drop in oil prices," returned to "the successful implementation of the program paves the way for the possibility of Iraq get the funding it needs."

The appearance of Mohammed Saleh, Economic Adviser to the Prime Minister, Haider al-Abadi, said in (the first of this April 2016), the seriousness of the international community to help Iraq and enable it to meet the "financial distress" current, while the International Monetary Fund plans to secure "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.

The International Monetary Fund (IMF The International Monetary Fund), guessed at, (the thirtieth of March 2016), the possibility of approval to lend Iraq $ 15 billion over three years, through next June, while between that will provide 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, government expenses, and modified some procedures related 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.