IMF: implementation of our program allowed Iraq to help him financially


Baghdad / Hamid- Zahra Ibrahim Ibrahim

Confirmed the IMF Mission for Iraq, on Tuesday, a disparity of Iraqi oil exports estimated quantities in the past 2015 budget, with realized actually it, stating that it "will not affect" on Iraq for the upcoming international finance, while noting an economist to the need develop long-range plans match the resources of the state and the real expenses.

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 extent of the impact on forthcoming from the Fund for Iraq funding, the chief of the IMF mission to Iraq, that "it affects 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."
For his part, economist Mohammed Abdul Latif Al-Ani in an interview for the "long", said that "2015 saw the first steps austerity compulsory as a result of the worsening crisis, oil prices gradually, which led the government to reduce some unnecessary expenses."
"The perceptions of the international financial institutions to the Iraqi economy does not match with the reality of its financial resources estimated by Parliament unfortunately is not consistent with the financial crisis taking place in the country since the end of 2014".
He said al-Ani said "the competent parliamentary committees put planning the budget only on paper, in the sense that it does not reflect the true reality of the numbers the financial revenues as a result of the sale of oil, which offset the full expenses of the state, so note the presence of a large defect in the budgets of the country over the past years."
He said the "Iraq lacks economic plans for the long-term, which proves the rates of the total money entering the country from various resources, as well as determine the overhead of government institutions specifically to address the financial waste operations that have become a daily culture."
He said al-Ani said "tips IMF is bound for Iraq, but they represent a pillar of trust between the interconnected global economies and the local economy building process to provide financial assistance in light of the crises facing Iraq in the future."
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, likely in, (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, has 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.