Zebari in Amman to Iraq to complete talks with the International Monetary Fund



Views 38 Date 09/09/2016 - 16:59

Economy News / Baghdad ...


Ministry of Finance announced on Friday for the arrival of its 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.

The ministry said in a statement: "Economy News" received a copy of it, "Finance Minister Hoshyar Zebari arrived on Thursday evening, the Jordanian capital, Amman, to complete the international consultations between the government and representatives of the International Monetary Fund IMF", indicating that "took place during the last period technical talks between a delegation a government of 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. "

She added that "the fund under this program provided 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," adding that "as a result of the commitment of Iraq's Fund program to improve public finances and rationalize the policy performance costs and increase non-oil revenues, transparency and the fight against corruption, money laundering and illegal financial management legislation and the Central Bank. "

She noted 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," adding that "the Fund provided last July initial financial push for Iraq amounted to round about 640 million to support the budget, is scheduled to receive another batch of Iraq and by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in the financial and economic policies of the memorandum. "

And participate in the talks, Mr. Governor of the Central Bank and Financial Advisor to Mr. Prime Minister and a number of general managers and experts in the Ministry of Finance and Planning and the Central Bank.



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