$ 1.2 billion loan from the IMF Iraq
November 29, 2015


Detection and Finance Minister Hoshyar Zebari said Iraq Receives billion and $ 200 million loan from the International Monetary Fund, stressing that the new salary scale will be limited to reduction of the nominal salary of the staff.
Zebari said that "the International Monetary Fund does not have any requirements on Iraq to give him financial loans but has a program to assist Iraq in the financial management and economics, Mmasaad to collect soft loans from some international organizations."
He added that Iraq will take over soon billion and $ 200 million soft loan from the International Monetary Fund.
Zebari went on to say, "The government responded to the protests by staff on the ladder of the new salary and took some consensus, noting that the reduction will be on the nominal salary of the employee only and will have limited effect."
Furthermore, the finance minister said that "there is no solution to the staff of the contracts at the moment," referring to give the provinces the powers to collect money.
He added that "Iraq is not bankrupt nor poor but requires cooperation and good use and recruitment of Iraqi funds," noting that the Council of Ministers held last Tuesday, an amendment to the 2016 budget and sent it to Parliament and will be discussed soon.
He explained that in 2016 practical and realistic budget and believes the country requirements of the ration card and health services and obligations with the oil companies. "
He also confirmed that the government remains on its obligations to provide formations crowd the popular financial requirements, Zebari pointed out that there are a lot of problems related to the staff of temporary contracts in all provinces and there are no solutions for them at the moment.
© 2015 New Morning

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