IMF: Iraqi authorities have made good progress to prepare the credit agreement

Views 1 Date 13/10/2016 - 10:02

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The International Monetary Fund, on Thursday, the Iraqi authorities for achieving what it called "good progress" toward completing the Stand-By agreement, likely that the agreement in November or December next is done.

She said the IMF mission over Iraq in a statement seen by "Economy News" that "Iraqi authorities continued their discussions with the IMF experts in Washington, DC, during the period 6 to 10 October / October this on the first revision of the agreement to prepare the credit amounting duration of 36 months, and which was approved by the IMF Executive Board on July 7, 2016. "

The statement quoted the head of the IMF mission to Iraq Christian nut, saying, "The Iraqi authorities have made good progress towards the completion of the first review of the agreement to prepare the credit," adding that "Once you provide the additional information required and the implementation of the agreed prior actions, will be considered by the Executive Board in the first revision of the agreement ready credit, which is likely to be in November / November or December. "

He explained the mission statement that "the team had met during the discussions in the presence of Ali Mohsen Ismail Keywords Governor of the Central Bank, Fadhil Nabi Othman, Deputy Minister of Finance, and the appearance of the benefit of the financial advisor to the prime minister, and a group of officials from the Ministry of Finance and the Central Bank of Iraq and a representative of the Kurdistan Regional Government," pointing to "the Fund's team would like to thank the Iraqi authorities on the good cooperation and the frank and fruitful discussions."

Iraq had been discussed at the 7. October now 9 through their participation in the annual meetings of the Bank and the International Monetary Fund with the IMF and the World Bank diagnostic study of the Iraqi economy prepared by the World Bank and the challenges facing the Iraqi economy at the current stage and ways to address them in the near and long term.

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