Conclude Iraq talks with IMF in Oman


2016/09/10 17:32


{Baghdad: Euphrates News}

Saturday in the Jordanian capital {Oman} periodic consultations between the Government of Iraq and the International Monetary Fund for standby credit program review as a first phase.

Iraqi Finance Ministry said in a statement received {Euphrates news} copy of it today it's good progress in many areas and in the areas of monetary and financial transparency and oversight and provide financial data and rationalization, stating that "during the talks attended by Finance Minister Hoshyar Zebari and a delegation of the Government yesterday and today Iraq's obligations and review Government action and structural standards for economy and performance criteria and indicative targets.

The statement said that "new progress in many areas and in the areas of monetary and financial transparency and oversight and providing financial statements and rationalize expenditure and increasing non-oil resources

She noted that "the draft law has also been reviewing the federal budget for 2017 and agree to calculate the price of a barrel of oil to $ 43 value rather than price 35 proposed in the draft budget and crude oil export card 3.6 million barrels a day. It was decided to continue discussions and consultations devoid of periodic annual meetings of the IMF and World Bank in October

She said "participated in discussions led by Hoshyar Zebari, an Iraqi Government delegation comprising representatives of the ministries of planning and Central Bank and oil with IMF experts.

The IMF had earlier made an initial payment of 640 million dollars amounted to Iraq to support the budget, Iraq is scheduled to receive another payment by $ 640 million in the month of November to implement financial and economic reform plans established in the memorandum of economic and financial policies.

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