Finance Minister will hold talks with representatives of the International Monetary F
Finance Minister will hold talks with representatives of the International Monetary Fund in Amman
BAGHDAD / IBN
The Ministry of Finance has announced the arrival of Finance Minister Hoshyar Zebari to the Jordanian capital of Amman on Thursday night, to complete the international consultations between the government and representatives of the International Monetary Fund, IMF.
According to a statement of the Ministry, on Friday, Iraqi transmitter network received (IBN) a copy of it, he has been holding technical talks between a government delegation from the Ministry of Finance and Planning and the oil and the Central Bank with the International Monetary Fund experts to review Iraq's obligations under Stand-By program SBA with the Fund during the last period .
He stressed that the sum of the amounts provided by the program for Iraq from the Fund and the World Bank and the donor countries and international financial institutions, which are about $ 18 billion to support the economy and financial Iraq within three years.
The statement said that the fund shall conform to this program credit facility of 4.5 billion dollars to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country over three years, as a result of the commitment of Iraq's Fund program to improve public financial policy and rationalization of expenditures and increase non-oil revenues and transparency performance and the fight against corruption, money laundering, illegal financial management of the Central Bank and the legislation.
He said the International Monetary Fund introduced in July last fiscal paid an initial Iraq stood round about $ 640 million to support the budget, is scheduled to receive Iraq and other paid a similar amount of 640 million dollars in the month of November 2016 the implementation of fiscal and economic reform plans established in the financial and economic policy memorandum.
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