Minister of Finance in Oman for the completion of Iraq's talks with the International Monetary Fund
at 10:28 (Baghdad time)
Baghdad balances News
We arrived Finance Minister Hoshyar Zebari, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the International Monetary Fund, IMF.
A statement by the Ministry of Finance received / balances News / copy of it, it "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."
"The Fund shall conform to this program over a three-year revolving credit facility by $ 4.5 billion to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country."
He continued, "as a result of Iraq's commitment to fund a program to improve public financial policy and rationalization of expenditures and increase non-oil revenues, transparency and the fight against corruption, money laundering and illegal financial legislation the administration and the central bank's performance."
He pointed out 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 around 18 billion dollars to support the economy and financial Iraq."
It is said that the Fund provided last July initial financial push for Iraq amounted to round about $ 640 million to support the budget, it is due to Iraq received another batch and by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in the financial and economic policy memorandum.
Participants in the talks Governor of the Central Bank and Financial Advisor to the Prime Minister and a number of general managers and experts in the Ministry of Finance and Planning and the Bank Antrza.anthy