Iraq: 634 will receive Advisor Abadi million dollars from the International Monetary Fund


18/10/2016 13:26


Financial adviser to the Prime Minister announced the appearance of Mohamed Saleh, Tuesday, that Iraq will receive the second loan of 634 million after sending some clarifications for the International Monetary Fund, noting that the talks resulted in reducing the budget deficit by half.

Saleh said in an interview that "Iraq will receive a second loan of $ 634 million out of $ 5.3 billion after sending some clarifications and technical details to improve the financial management of Iraq to the International Monetary Fund over the next 10 days," indicating that the first review of these clarifications and details will be presented to the IMF Executive Board, on 7 November, 7 of December, when viewed will be launching this loan. "

Saleh said Iraq, discussed with the IMF and the World Bank during his recent meeting with the IMF in New York some technical matters relating to improve financial management Iraq chiefly modify financial administration created under us overseer Paul primer, law number 95 in 2004 in which the shortcomings and lack of financial governance, "Noting" there two interceptors to amend this law to be amended with the agreement of representatives will soon go about these amendments and legislation ".

And he said that "Iraq also discussed with IMF balance 2017 and fitted in terms of expenditure and revenue and expenditure also exchange places some modifications and simple agreement on reducing the deficit in half," pointing out that "the first draft in which the deficit was 34 trillion dinar deficit after half of this amount, amendment note that expenditure took some things like war on ISIS and there are some other considerations concerning the dues of contractors and farmers and other important things.

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