Iraq and the International Monetary Fund agree to the expense of a barrel of oil at 4
Iraq and the International Monetary Fund agree to the expense of a barrel of oil at 43 dollars in the budget of 2017
Iraq and the International Monetary Fund agreed to calculate the price of a barrel of oil at 43 dollars instead of 35 price suggested in the draft 2017 budget.
A statement by the Ministry of Finance Agency has received all of Iraq [where] a copy of it on Saturday it had "concluded this evening, in the Jordanian capital, Amman, periodic consultations between Iraq and the International Monetary Fund to review the implementation of the Stand-By program as a first stage took place during the talks in which he participated and Finance Minister Hoshyar Zebari, the daily 9. September 10 review of Iraq's obligations and what the government has achieved from prior actions and structural parameters of the economy and the performance criteria and indicative targets. "
The statement continued, "It has been good progress in many of the fiscal and monetary areas and in the areas of transparency and control and the provision of financial statements and rationalize costs and increase some of the non-oil resources."
The statement noted that he "took place during the discussions review the draft federal budget law for 2017 and was agreed to calculate the price of a barrel of oil at 43 dollars instead of the price of the proposed 35 in the draft budget and vCard export of crude oil of 3.6 million barrels per day, and decided to continue discussions and consultations during the Annual Meetings rotating Fund and World Bank in October 2016 in Washington. "
The statement pointed out that he "participated in the talks, Minister of Finance Governor of the Central Bank and Financial Advisor to the Prime Minister Haider al-Abadi and Chairman of Supreme Audit Agency and the Ambassador of Iraq in the Hashemite Kingdom of Jordan, and senior officials in the finance, planning and oil ministries and the central bank."
** Just another article supporting the $43 ppbl. Maybe it's in conjunction with the upcoming OPEC possible output freeze **