International financial support for Iraq to overcome its current crisis

Monday , April 18, 2016 - 9:00

Iraqi delegation headed by Finance Minister Hoshyar Zebari and the membership of Prime Minister for Economic Affairs and experts from the Ministry of Finance advisor to the Central Bank continues his meetings and meetings intensified with the decision-makers in the International Monetary Fund and the World Bank in order to build support for Iraq's efforts to reach an agreement on a credit arrangement, which will provide financial resources for Iraq help to overcome its current crisis and provide him with easy access to the capital markets and access to international financial support.

The delegation reviewed the evolving relationship between Iraq and the World Bank during a meeting with World Bank Vice for the Middle East and North Africa head of Hafez Ghanem, and discussed the level of support provided by the bank, both in the budget and the implementation of investment projects or in the field of restoring stability and rebuilding areas liberated from the grip of «Daash» terrorist in this context Zebari expressed Iraq's need for more support after the release of more land and most recently spend the Heat, and through the bank for its readiness to consider the needs of Iraq and deal with them in a positive way.

He met Zebari and his accompanying delegation with Director of the Economic Department at the State Department Lisa Ciobsk, and discussed with him the economic and financial situation and the effects of the positive in Iraq sought to obtain international support and support for financial markets, as well as Iraq, for financial support from the Fund, which assisted in bridging the deficit in the budget. In a meeting with Assistant Director of the group «JP Morgan» Financial Dan Zeljko delegation discussed ways to enter Iraq to the capital markets and obtain financial support under the current international financial situation, also discussed with the credit rating agencies to identify opportunities to improve the credit rating obtained by Iraq during the year last, the first time in its history, which earned them a credit from international agencies enjoy a high reputation in the world market rating.