A new Iraqi talks with the IMF in Amman on a loan of $ 18 billion

2016/9/9 10:23

[Oan- Baghdad]

Ministry of Finance announced on Friday the arrival of Finance Minister Hoshyar Zebari on Thursday night, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the IMF on Iraq a loan of $ 18 billion.

He pointed to a ministry statement received by all of Iraq [where] a copy of it, to me, that he "took place during the last period technical talks between a government delegation from the Ministry of Finance and Ministry of Planning and the Ministry of Oil and the Central Bank with the International Monetary Fund experts to review Iraq's obligations under Stand-By program SBA with the Fund ".

He said the "Fund pursuant to this program over a three-year 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, and 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 and illegal financial management legislation and the Central Bank. "

He pointed to the Finance Ministry, said that "the total amount to be provided by the program to Iraq within three years from the IMF and the World Bank and the donor countries and international financial institutions is about $ 18 billion to support the economy and financial Iraq."

She pointed out that "the International Monetary Fund introduced last July preliminary financial pay for Iraq amounted to round about $ 640 million to support the budget, is scheduled to Iraq, receiving payment other similar increased by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in fiscal policy memorandum and economic. "