Looking government delegation in Amman with the IMF to obtain a credit rating for Ira
Looking government delegation in Amman with the IMF to obtain a credit rating for Iraq
Views 18 Date 05/14/2016 - 15:43
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Finance Minister Hoshyar Zebari arrived on Saturday, the Jordanian capital, Amman, on top of a large government delegation that included the governor of the central bank and adviser Economic Prime Minister and senior ministries of oil and electricity, planning officials and BSA as well as public bodies for Customs, taxes and retirement, experts and the Ministry of Finance and the Central Bank.
A statement by the Ministry of Finance, "Economy News" received a copy of it, said the visit "to resume negotiations with the International Monetary Fund to seal the Stand-By agreement, which will provide Iraq with financial support to enable it to overcome the financial crisis and reduce the gap in the budget so as to enhance the process of economic and financial system reform in the country. "
"The first session was held this morning with the IMF experts were reviewing the technical aspects of the agreement and the obligations of the two sides opposite."
The statement pointed out that "the negotiations will continue until Wednesday, and it is hoped that the termination of these arrangements during this period."
The International Monetary Fund has told Iraq the need to edit the budget for fiscal 2016 bill to be reduced in order to hopefully disbursement of the loan over the next few days.