Abadi adviser: Iraq suffers from an estimated $ 50 billion financing gap



Sunday , 29 May 2016 12:16


Alsumaria News / Baghdad
The prime minister of financial affairs adviser to the appearance of Mohammed Saleh, on Sunday that Iraq is suffering from an estimated $ 50 billion financing gap, and at the time, who pointed out that the arrangements made Iraq with the International Monetary Fund about lending represents an introduction to the support of the international community for Iraq, said the Fund introduces for the first time the issue of corporate governance, auditing and transparency at a high level in this regard.

Saleh said in an interview with Alsumaria News that "Iraq is suffering from a significant financial gap during the next three years is estimated at 50 billion dollars," adding that "this gap presented projects and stability of Iraq."


Saleh added that "the international financial community is responsible for the stability of Iraq, as Iraq is part of the International Monetary Fund and the institution responsible for financial stability in the world," he said, adding "there is an international synergy to assign Iraq financially-led industrial seven adults, as there is a military award internationally to fight Daash" .

Salih stressed that "the arrangements made by Iraq with the International Monetary Fund represents a prelude to Moisrh the international community for Iraq and take it out of financial distress that occurred because of lower oil prices and financial attrition war against Daash which will end eventually caused."

Saleh explained that "credit arrangements program agreed to by Iraq with the fund, which we may need or do not need is present and the present," pointing out that "the Fund enters for the first time the issue of corporate governance, auditing and transparency at a high level in this regard."

He agreed IMF and the World Bank and international partners fund, in the current May 19 to grant Iraq a loan of $ 15 billion at an interest rate of 1.5%.

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