International Monetary Fund announces the success of the consultations of the credit readiness agreement with Iraq



Date 02/08/2017


Economy News _ Baghdad

The International Monetary Fund (IMF) announced on Wednesday the success of the second review of the credit readiness agreement, congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the consultations.

The Director of the Information Office of the Central Bank in a statement received by "Economy News" that in a letter from the International Monetary Fund congratulated the Central Bank of Iraq and the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultations of the Convention on credit readiness, which came after the implementation of programs and financial and monetary targets and put In a framework that provides for the financial stability of Iraq and to meet the financial and security challenges.

The program included a set of reforms and objectives have been committed to the benefit of Iraq, and the latest supplementary budget approved by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform.

He added that the decision of the Board of Directors of the International Monetary Fund to ratify the report of the Fund team, which included the fulfillment of the Central Bank and the Ministry of Finance and other parties to achieve the objectives and plans contained in the agreement will give a signal to the task of international institutions and major countries to provide funding and facilities to support the financial situation in Iraq through support for funding the public budget And the IMF's statement to the third review, which will start next September to continue the program and the external support of Iraq.

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