****************** Iraq and the IMF meeting in Jordan

IMF recommends activating the government taxes and expect Iraqis grew by 2% during 2015


Monday, March 16 / March 2015 15:41



[Baghdad-where]

Iraqi Ministry of Finance announced today the end of the periodic consultations with the International Monetary Fund [IMF] Yesterday, in the Jordanian capital Amman, a periodic consultations to IMF experts with the Iraqi government representatives ended with agreement on a number of recommendations on improving the performance and growth of the Iraqi economy.

According to a ministry statement received by all of Iraq [where] a copy of it to those who participated in these consultations, which lasted several days, Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank of Iraq on the Keywords and representatives from the ministries of trade, electricity, education and the BSA. "

And that "During the 14-15 of March ongoing talks to discuss the challenges faced by the economy and the law and the 2015 budget and fiscal policy and reduce costs and avoid any unnecessary expenses and to address the effects of financing from the banking system and the central bank."

And recommended that the final statement of the Fund, "the need for the Iraqi government to take measures to increase state revenues from taxes and improve tax collection and customs and tax administration."

As recommended by the International Monetary Fund, according to the statement "a number of reforms in the field of expenses in cash flow management and control for better implementation reports, financial situation and better management of debt and close coordination between the Ministry of Finance and the Central Bank and government banks."

A statement by the Ministry of Finance that "the IMF experts expect to achieve gross domestic product a positive growth rate of 1.2% in 2015," noting that he "participated in these consultations, officials and experts of the Ministry of Finance of the budget and accounting Iraqi Fund for External Development departments and economic experts circles specialists from Oil Ministry and the Central Bank and the BSA. "

And that "these consultations precede the annual international ministerial meetings [Meetings spring] Member States of the International Monetary Fund and the World Bank in Washington in mid-April 2015" .


http://www.alliraqnews.com/2014-06-14-07-34-14/171915--2-2015.html