Parliamentary Finance calls to get ready for the coming years and calls for disclosure of loan negotiations
History Tahrir:: 2016/6/23 9:02 242 times mqrwh

Parliamentary Finance calls to get ready for the coming years and calls for disclosure of loan negotiations

{Baghdad: Euphrates News} parliamentary Finance Committee called on the government to prepare for the coming years, under the economic crisis in the country.

The Rapporteur of the Committee Ahmed al - Haj told {Euphrates News} that "Iraq is passing through a severe economic crisis and until now depends on internal and external loans, as well as the adoption of basic on oil imports and foremost," he said , "and we have to the government to account for the coming years, you can not run the country debt. "

He added that Iraq" needs to be changes in the economic structure because of IMF conditions on loans to substantial changes in Iraq 's economic infrastructure, "pointing out that" we do not know the nature of the loan , as it was announced 5.4 billion from the international Monetary Fund, and three billion from the World Bank, and 3.6 billion from the G7 {seven major industrialized nations} We do not know the conditions and duration of the guarantees. "
He called the Committee 's decision, the Ministry of Finance to" disclose all what was discussed in the negotiations between Iraq and the international Monetary Fund and the World Bank and the group of industrialized countries . " noting that " the Committee after the legislative recess want to see what happened between the ministry and the international Monetary Fund."

and oil prices, he said that " the international Monetary Fund, and other agencies predicted oil prices between { of $ 48-50}, but there is what leads to lower Price, election a referendum Britain about the withdrawal from the European Union and not to deal in euros This issue led to a decline in oil prices, as well as change the Saudi plan for an economy that does not depend on oil entirely what led to the decline in oil prices, as well as supply and demand and the price of US interest rates , which rose Both have risen at a price interest rates lead to lower oil prices and an increase in US inventories.

" It is noteworthy that, the international Monetary Fund stipulated in the agreement concluded by Iraq, which stipulates granting a loan initially exceed $ 5 billion, to impose strict controls on the doors of disbursement of the loan, full salary and the placement and allocations for senior staff State, functional upper grades, and private, to income tax, while not include conditions permit stamped on the ration cards, and the salaries of social protection network, the government provided for the displaced and subsidies. According to an informed source in the Ministry of Finance.

It is noteworthy that, the International Monetary Fund, and international partners, the World Bank agreed to give Iraq a loan of {15} billion dollars.
And concluded in 19 of last May, the negotiations between the government delegation headed by Finance Minister Hoshyar Zebari, and the participation of Governor of the Central Bank, economic Advisor to the Prime Minister, and senior experts in the ministries of finance, oil, planning, and electricity, and experts of the international Monetary Fund.

the outcome of the negotiations for an agreement on a program to prepare the credit arrangements, which provides financial support for Iraq during the next three years, enabling it to continue in providing the requirements of the war on terror Daash gangs, freeing the Iraqi lands from the clutches of these gangs, and to reduce the deficit, the financial gap, and achieving economic and financial reform Alhakiqi.anthy 1