Saleh: the conditions of the International Monetary Fund to reduce the salaries of senior officials

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Posted 21/05/2016 06:26 PM

Mashreq - the news section:
Financial advisor to the Prime Minister revealed the appearance of Mohammed Saleh, on the conditions of the International Monetary Fund for lending to Iraq nearly $ 5.5 billion. Saleh said "the agreement with the IMF on for Iraq on a direct loan from the Fund valued at $ 5.5 billion, went toward cost-cutting in the public budget for the current year by about 13 trillion dinars, without prejudice to the ration cards and a network of social welfare and affairs of the displaced."

Saleh added that "the Fund to impose conditions on the Iraqi side in exchange for the loan, including the control of the Integrity Commission and the Office of Financial Supervision and devices anti-money laundering in financial transactions, in addition to the settlement of dues of oil companies and avoid the accumulation of dues," he said, adding that "the International Monetary conditions are also included subjecting the entire income and allowances of senior staff to the income tax, and the exclusion of the armed forces and junior staff of the income tax provisions. "

Saleh revealed that "the benefit of this loan does not exceed 1.5% per annum and for a period to allow more than two years, exempting from the payment, to be repaid over five years from the date collected and according to the semi-complex mechanism," returned to "the loan will open the door for industrial nations (G7) to lend Iraq amounts of up to $ 15 billion, and favorable terms. "